Dade City

37250 Florida Ave

Dade City, FL 33525
$449,990
5 bed3 bath2,220 sqftHalf duplexe · built 1955

What stands out about this home

Compared with half duplexes like it, within product classi
Size
Not enough half duplex sales yet to report on their own
Price
Not enough half duplex sales yet to report on their own
Standout feature
No standout feature to report
Age
Not enough homes with a year built yet to report on their own

About this property

**Investment Opportunity in Dade City – Recently Remodeled 3-Unit Multifamily Property!**

Excellent opportunity to own a versatile multifamily property at 37248 & 37250 Florida Ave in Dade City, Florida. Featuring three separate rental units and a detached garage, this property offers multiple income streams and an attractive setup for investors seeking rental income or owner-occupants looking to offset their housing expenses.

The property consists of two spacious 2-bedroom, 1-bathroom units and one 1-bedroom, 1-bathroom unit. All three units have been recently remodeled and feature their own in-unit laundry hookups, providing added convenience for tenants. Major improvements include a roof replacement in 2024, newer AC units, updated electrical and plumbing.

**Current Rental Income:**

* Unit 1: 2 bed, 1 bath = $1,400/month | Lease through 12/01/2026
* Unit 2: 2 bed, 1 bath = $1,400/month | Month-to-month
* Unit 3: 1 bed, 1 bath = $950/month | Lease through 02/01/2027

**Total Monthly Rental Income: $3,750**
**Total Annual Rental Income: $45,000**

With recent renovations, a newer roof, newer AC units, individual laundry hookups, and an additional detached garage, this property offers a compelling combination of functionality and income potential.

Whether you're expanding your rental portfolio or looking to live in a home with additional rental income, this property is worth a closer look!

**Owner financing may be available with attractive terms**

Property details

Year built1955
Lot size0.22 ac
HOANot stated
Parking1-car
Days on market0
MLS#TB8556602
Ceiling fansOpen floorplanStone countersDishwasherDisposalMicrowave
All features →
  • Ceiling fans
  • Open floorplan
  • Stone counters
  • Dishwasher
  • Disposal
  • Microwave
  • Range
  • Refrigerator
  • Carpet flooring
  • Ceramic tile flooring
  • Laminate flooring
  • Central air conditioning
  • Mini-split units cooling
  • Central heating
  • Electric heating
  • Shingle roof
  • Crawlspace foundation
  • Slab foundation
  • Frame construction
  • Two stories
  • Inside laundry
  • Electricity connected
  • Water connected
  • Garage

The market for homes like this

Dade City, as its listings describe it

What agents stated on listings, 2006 – 2026i
Community pool72%of 173 listings
HOA fee, median$61/moof 200 listings
Has an association72%of 325 listings
Pets allowed94%of 322 listings
Minimum lease, most common7 Months40% of 254 listings · next: No Minimum
Lease restrictions59%of 257 listings
Association approval required52%of 213 listings
Private pool3%of 376 listings
Gated0%of 173 listings
Public water · sewer99% · 95%of 283 · 297 listings
Flood zone (A or V)3%of 297 listings
55+ communityNo100% of 327 listings
Homestead share65%of 3,463 homes · county tax roll
Also stated: waterfront 1% of 328 listings; CDD 42% of 272.

Price and time on market

This listing against homes like iti
Price per sq ft
Not enough half duplex sales nearby, even across all sizes over 24 months, to compare the price per sq ft
Time on market
Not enough half duplex sales nearby, even across all sizes over 24 months, to compare the time on market
Price history
Listed at $449,990 since Oct. 9, 2026 with no price change

Cost of ownership

What this home costs to hold, from public recordsi
Current owner's taxes
i
$3,718 for 2025 on the listing; about $3,058 on the 2026 roll
The listing and the county roll disagree materially; both are shown
Estimated taxes at this price
i
About $7,600/yr homesteaded, $8,600/yr as an investor
Estimated: the asking price through the county's price-to-value factor, at the parcel's published millage; assessments reset at sale
Typical electric bill
i
$151/mo (2024)
Typical: the utility's average residential bill for 2024 (not this home's)
Typical water and sewer
i
Not yet available (City of Dade City Utilities)
THE NEIGHBORHOOD

Living in Dade City

City of Dade City · Pasco County · ZIP 33525 · Flood zone X
Explore Dade City →
Homes3,463residential parcels
Median sold price$321,900249 sales · last 12 months
Vs. the prior year-5.3%249 sales this year · 234 sales the prior year
Median rent$2,023/mo40 leases · last 12 months
Homes that changed hands7%249 sales of 3,463 homes
Homestead share65%of 3,463 homes · county tax roll
Half duplexes in Dade City, by bedroomsFigures appear once a group has 40 sales
GROUPSALESMEDIAN SOLDMEDIAN RENT
Median price

Dade City homes sold for a median of $321,900 in the 12 months to Oct. 11, 2026.

249 sales
Price trend

That's 5.3% below the median for the 12 months before, $339,995.

249 sales this year · 234 sales the prior year
What's selling

Single-family detached homes made up 230 of the 249 sales in the same 12 months, at a median of $326,657.

230 of 249 sales
Not yet available here: rent and time-to-lease for single-family houses.

Location

37250 FLORIDA AVE, DADE CITY, FL 33525

Nearby homes for sale in Dade City

Based on information from Stellar MLS® for the period July 11, 2006 through October 11, 2026.

Listings courtesy of Stellar MLS as distributed by MLS GRID

HomeProp is a licensed Florida real estate brokerage (License CQ1055163). Regulated by the Florida Real Estate Commission (FREC), 400 W Robinson St, Orlando, FL 32801. All information deemed reliable but not guaranteed.

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