Turnkey duplex in the heart of Dunedin offering exceptional flexibility for investors, owner-occupants, and multi-generational living. Whether you’re building your portfolio, generating immediate cash flow, or living in one residence while renting the other, this property checks every box. Offering approximately 2,400± square feet, the property features two spacious residences, each providing nearly 1,200 square feet with private entrances and comfortable, well-designed layouts. The front residence offers 3 bedrooms and 1 bath, while the rear residence features 3 bedrooms and 1.5 baths, providing added flexibility for tenants and extended family alike. Inside, bright open living spaces are complemented by soaring vaulted ceilings that create an airy feel rarely found in duplexes. One residence has been beautifully updated with a modern kitchen featuring shaker cabinetry, stainless steel appliances, updated countertops, a contemporary tile backsplash, and a designer-inspired bathroom. The second residence is equally inviting, offering durable flooring, generous living spaces, and a well-maintained interior ready for immediate occupancy or continued rental income. Outside, mature shade trees, private outdoor spaces, separate laundry facilities, ample off-street parking, and attractive exterior updates make ownership easy while creating comfortable spaces for residents to enjoy. Best of all, the property is located in a No Flood Zone, offering added peace of mind and potential savings on insurance. Currently generating approximately $57,600 in annual gross rental income, this property delivers immediate cash flow with long-term upside in one of Pinellas County’s strongest rental markets The location is just as compelling as the investment. Walk to neighborhood restaurants, cafés, grocery stores, fresh markets, bowling, pizza, and everyday conveniences. When it’s time to unwind, hop on your golf cart or take a leisurely stroll into vibrant Downtown Dunedin, where waterfront sunsets, live entertainment, boutique shopping, craft breweries, and year-round festivals create an unmatched coastal lifestyle. Just minutes away are the Dunedin Marina, the Pinellas Trail, TD Ballpark—home of Toronto Blue Jays Spring Training—Honeymoon Island State Park, Caladesi Island, and the world-famous white sand beaches of Clearwater. Whether you’re expanding your investment portfolio or searching for a property that combines income potential with one of Florida’s most desirable lifestyles, this rare Dunedin duplex is an opportunity you won’t want to miss.
For sale
$649,000
536 PATRICIA AVENUE, DUNEDIN, FL 34698
6beds
3baths
2,388sqft
Duplex, Multi Family
Built in 1960
-- sqft lot
$616,700 Zestimate®
$272/sqft
$-- HOA
What's special
Designer-inspired bathroomMature shade treesPrivate entrancesUpdated countertopsWell-maintained interiorTwo spacious residencesContemporary tile backsplash
- 49 days
- 772
- 56
Zillow last checked:
Listing updated:
Listed by:
Chiyeen Penachio 727-686-8281,
PALM LIFE REALTY 888-877-4040,
Walter Penachio 727-688-4040,
PALM LIFE REALTY
Source: Stellar MLS,MLS#: TB8527596
Originating MLS: Suncoast Tampa

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Dryer, Microwave, Range, Range Hood, Washer
- Laundry: Inside
Features
- Ceiling Fan(s), Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Stone Counters, Thermostat, Vaulted Ceiling(s)
- Flooring: Laminate, Luxury Vinyl
- Has fireplace: No
Interior area
- Total structure area: 2,388
- Total interior livable area: 2,388 sqft
Video & virtual tour
Property
Features
- Levels: One
- Stories: 1
- Exterior features: Private Yard, Sidewalk
Lot
- Size: 6,826 Square Feet
- Dimensions: 65 x 105
Details
- Parcel number: 352815234180000410
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex, Multi Family
Materials
- Block, Stucco
- Foundation: Slab
- Roof: Membrane
Condition
- New construction: No
- Year built: 1960
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected, Electricity Connected, Public, Sewer Connected, Street Lights, Water Connected
Community & HOA
Community
- Pet fee: $0 monthly
- Subdivision: DUNEDIN LAKEWOOD ESTATES 1ST ADD
HOA
- Has HOA: No
Location
- Region: Dunedin
Financial & listing details
- Price per square foot: $272/sqft
- Tax assessed value: $450,000
- Annual tax amount: $3,674
- Date on market: 7/10/2026
- Cumulative days on market: 39 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Ownership: Fee Simple
- Total actual rent: 5600
- Electric utility on property: Yes
- Road surface type: Asphalt
Estimated market value
$616,700
$586,000 - $648,000
$2,005/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/10/2026 | Listed for sale | $649,000+403.1%$272/sqft |
Source: | ||
| 4/20/2015 | Sold | $129,000$54/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,675 +11.9% | $228,380 +7.4% |
| 2024 | $3,285 +7% | $212,553 +7.4% |
| 2023 | $3,070 +8.6% | $197,953 +7.3% |
| 2022 | $2,825 +4.8% | $184,543 +7.2% |
| 2021 | $2,696 +3% | $172,218 +6.3% |
| 2020 | $2,618 +13.2% | $161,956 +6.6% |
| 2019 | $2,312 | $151,954 -1.1% |
| 2018 | $2,312 +8.8% | $153,577 +12% |
| 2017 | $2,124 +15.3% | $137,110 +8% |
| 2016 | $1,842 +0.3% | $126,986 +39.4% |
| 2015 | $1,836 +4.6% | $91,115 +2.4% |
| 2014 | $1,755 +9.2% | $89,008 +11.2% |
| 2013 | $1,607 +7.2% | $80,075 +5.2% |
| 2012 | $1,500 | $76,111 -17.1% |
| 2011 | -- | $91,764 -17.4% |
| 2010 | -- | $111,090 -13.5% |
| 2009 | -- | $128,414 -13.3% |
| 2008 | $2,842 | $148,100 -13.3% |
| 2007 | -- | $170,900 +20.1% |
| 2005 | -- | $142,300 +16.7% |
| 2004 | $2,638 +10.2% | $121,900 +10.8% |
| 2003 | $2,393 +33% | $110,000 +12.8% |
| 2002 | $1,800 | $97,500 +17.6% |
| 2001 | $1,800 +18.5% | $82,900 +17.9% |
| 2000 | $1,519 | $70,300 |
Find assessor info on the county website
Monthly payment
Est. payment





