Property Description

Price Improvement! This triplex sits in an unbeatable location in the heart of Dunedin and offers endless possibilities. Featuring three vacant 2-bedroom, 1-bath units, this property is a fantastic opportunity for house hacking-live in one unit while the others help cover your mortgage. With a recent price improvement, it presents even greater value for investors or owner-occupants looking to capitalize on the strong rental demand in this highly desirable area. Prime Downtown Dunedin Triplex - Fully Renovated & Turnkey Investment OpportunityLocated in the heart of Downtown Dunedin, this fully renovated triplex offers an exceptional opportunity for investors, owner-occupants, or those seeking a lifestyle property with strong income potential. The property is zoned Downtown Residential, and owner-occupied bed-and-breakfast use is permitted, offering added flexibility for future use.The property features three vacant 2-bedroom units ideal for house hacking, long-term rentals, short-term rental potential (buyer to verify locally) boutique bed-and-breakfast concept. 2 units are 2 bed 1 bath and one unit is a 2 bed 1.5 bath. Total living area is approximately 2,870 square feet, comprised of 842 sq ft at 1035 MLK, 1,186 sq ft at 500 Frances Street, and 842 sq ft at 502 Frances Street, all situated on a 7,560 sq ft lot in Flood Zone X for added peace of mind. Each unit has a separate electric meter, with two units sharing a water meter.This prime location places you just off one of Dunedin's main streets and within walking distance to Downtown Dunedin, the Dunedin Marina and Pier, the Pinellas Trail, waterfront parks, shops, restaurants, and popular local breweries. The property also enjoys peaceful park views directly across the street.Extensively updated in 2026, the triplex features new wall A/C units, luxury vinyl plank flooring throughout, fully remodeled bathrooms with new tile, vanities, sinks, valves, and tubs, fresh interior texture and paint, and fresh exterior paint. Additional improvements include three brand-new water heaters, new ceiling fans in all units, updated electrical systems with two new sub-panels, new breakers, and new outlets throughout.One unit boasts a completely new kitchen with quartz countertops, new cabinetry, and sink. All units are equipped with new stainless steel appliances, including microwaves, ranges, and refrigerators.This is a true turnkey multi-family investment in one of the most desirable areas of Pinellas County. Whether you are expanding your portfolio, seeking passive income, or looking for a live-and-rent opportunity in vibrant Downtown Dunedin, this property delivers location, condition, and versatility in one outstanding package.

Property Features