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Six-Unit Residential Income Property

608 DUNDEE Rd, Dundee, FL 33838

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For Sale

$724,900

Income-producing property with strong cash flow in a growing town.

Type:Investment

Property size:

3,515 SF

Lot size:

0.33 Acres

Price / SF:

$206/SF

HighLights

Projected 12.70% cap rate at full occupancy, significantly exceeding typical Florida multifamily rates.
Projected monthly income of $8,850 and annual gross rental income of $106,200.
Located on Dundee Road, providing direct access to Dundee and proximity to Hwy 27.
Two buildings: a duplex (1,384 sq ft) and a quadruplex (2,131 sq ft), offering a diversified rental portfolio.
The quadruplex has a new metal roof, and several units have been recently renovated.
One downstairs unit in the quadruplex includes an Ansul system and a grease trap.

We can help!

Listing Contact

Kennedy Matthews

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For Sale

$724,900

Income-producing property with strong cash flow in a growing town.

Type:Investment

Property size:

3,515 SF

Lot size:

0.33 Acres

Price / SF:

$206/SF

Added:: Apr 24, 2026
Days on Market:: 50
Last Refresh:: Apr 24 at 8:21 pm

Property Features for 608 DUNDEE Rd

General Information

Standard status: Active
Size: 3,515 SF
Lot size: 0.33 Acres
Property subtype: Investment

Building Details

Year Built: 1986

We can help!

Listing Contact

Kennedy Matthews

Listing agent Kennedy Matthews License #525519

Listing office

Listing date Apr 24, 2026

Source Elliman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Kennedy Matthews

HighLights

Projected 12.70% cap rate at full occupancy, significantly exceeding typical Florida multifamily rates.
Projected monthly income of $8,850 and annual gross rental income of $106,200.
Located on Dundee Road, providing direct access to Dundee and proximity to Hwy 27.
Two buildings: a duplex (1,384 sq ft) and a quadruplex (2,131 sq ft), offering a diversified rental portfolio.
The quadruplex has a new metal roof, and several units have been recently renovated.
One downstairs unit in the quadruplex includes an Ansul system and a grease trap.

Overview

This six-unit residential income property is located on Dundee Road. The property features two buildings: a duplex with 1,384 heated square feet and a quadruplex with 2,131 heated square feet, situated on over 1/3 of an acre with ample parking. The duplex includes a two-bedroom, one-bathroom unit currently leased, and a recently updated three-bedroom, one-bathroom unit with fresh paint, wood-laminate flooring, and stainless-steel appliances. The quadruplex is a two-story concrete-block building with a new metal roof. The two upstairs units have upgraded wood-laminate flooring and kitchenettes with granite countertops and are currently leased to the same tenant. The two downstairs units are currently leased on five-year leases; one includes an Ansul system and a grease trap. Both buildings have fresh exterior paint. Each building has its own septic system and individual water meter, along with six separate electrical meters, one per unit. Five units have newer mini-split A/C systems, while the duplex's three-bedroom unit features central heat and air conditioning. The duplex was originally built in 1925 with an effective year of 1992, and the quadruplex was built in 1986 with an effective year of 2000. The property is near downtown Dundee and Highway 27, providing access to Winter Haven, Lake Wales, and Haines City.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$56.9k	$16.20
− Vacancy	−$3.7k	−$1.05
EGI	$53.2k	$15.15
− OpEx	−$16.0k	−$4.54
NOI	$37.3k	$10.60

3,515 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$532.4K

$465.9K – $621.2K (±1% cap)

NOI $37,269 @ 7.0% cap · market cap 5.14%

Second Best

Apartment 5plus

$475.6K

$416.2K – $554.9K (±1% cap)

NOI $33,294 @ 7.0% cap · market cap 4.59%

Theoretical Best

Office A

$844.7K

$739.1K – $985.5K (±1% cap)

NOI $59,128 @ 7.0% cap · market cap 8.16%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Iglesia De La ... Church

Suggested Use

Location Insight

Map
Local Demand

City: Dundee
County: Polk
State: Florida
Longitude: -81.62878
Latitude: 28.018862

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For sale
Multifamily properties
FL
Dundee
33838
608 DUNDEE Rd

What type of property is this?

Multifamily property - Income-producing property with strong cash flow in a growing town.

Where is this multifamily property located?

The property is located at 608 DUNDEE Rd Dundee, FL.

What is the asking price?

The asking price for this property is $724,900.

What are key features of this property?

This property features: Projected **12.70% cap rate at full occupancy**, significantly exceeding typical Florida multifamily rates.; Projected monthly income of $8,850 and annual gross rental income of $106,200.; Located on Dundee Road, providing direct access to Dundee and proximity to Hwy 27.