Spring Hill Duplex with Income
1284 LONDON AVENUE, Spring Hill, FL 34606
- Added:
- Mar 24, 2026
- Days on Market:
- 56
- Last Refresh:
- May 18 at 3:06 am
Property Features for 1284 LONDON AVENUE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- PDP(MF)
- Bedrooms
- 4
- Rooms
- Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
- Parking features
- Garage, Garage - Attached, Off Street
- Security features
- Smoke Detector(s)
- Interior features
- Ceiling Fans(s), Primary Bedroom Main Floor, Solid Wood Cabinets, Thermostat
- Exterior features
- Level, Paved, Courtyard, Rain Gutters, Sliding Doors
- Appliances
- Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
- Standard status
- Pending
- APN
- R32-323-17-5030-0155-0080
- Size
- 2,020 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3921
Utilities
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1978
- Number of units
- 1
- Flooring type
- Carpet, Laminate, Tile
- Building materials
- Block, Stucco
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Ross Hardy License #3163767 (352) 428-3017
Listing office RE/MAX MARKETING SPECIALISTS 3377 Mariner Blvd, Spring Hill, FL (352) 686-0540
Listing date Mar 24, 2026
MLS# W7884215
Listing URL
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Duplex with income potential or extended living options.
- Two separate 1‑car garages and wide driveway.
- Located near Weeki Wachee Springs State Park and Pine Island Beach Park.
- Spacious backyard with mature trees and patio.
- Practical layout with tile flooring in main areas.
- Each unit has a private courtyard.
Overview
This duplex is set on a 0.23-acre lot with an open lawn and mature trees. It offers a total of 4 bedrooms, two 2 bathrooms, and 2 half baths, along with 2 separate 1-car garages. The property allows for flexible living arrangements, rental income, or occupying one side while leasing the other. The front elevation features a clean, balanced design with two garage doors centered side by side, a wide driveway, and privacy walls that frame each entry courtyard. Inside, tile flooring leads through the main walkway, with the kitchen on both sides and the living area straight ahead. The kitchen is arranged in an L-shape with wood-look cabinetry, upper and lower storage, laminate flooring, and a dual sink, flowing into the dining space with a sliding glass door opening to the side courtyard. The living room connects to the backyard through a large sliding glass door. The primary bedroom includes carpet flooring, a built-in closet, and private access to a half bath, while the second bedroom features carpet and two vertical windows, with access to the full bathroom. Each garage houses a designated laundry area with washer and dryer hookups, shelving for storage, and an elevated water heater. The backyard offers a wide grassy area shaded by trees, with a small patio just outside the sliding doors. Located in Spring Hill, the property is near Weeki Wachee Springs State Park and Pine Island Beach Park, with access to shopping, dining, and amenities along Commercial Way.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$255.6K
NOI $23,004 @ 9.00% cap · cautious / downside scenario
Moderate
$328.6K
NOI $23,004 @ 7.00% cap · market / base-case scenario
Aggressive
$460.1K
NOI $23,004 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.1k | $17.40 |
| − Vacancy | −$2.3k | −$1.13 |
| EGI | $32.9k | $16.27 |
| − OpEx | −$9.9k | −$4.88 |
| NOI | $23.0k | $11.39 |
2,020 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$328.6K
$287.6K – $383.4K
NOI $23,004 @ 7.0% cap · market cap 6.48%
Second Best
Apartment 5plus
$305.0K
$266.9K – $355.8K
NOI $21,350 @ 7.0% cap · market cap 6.01%
Theoretical Best
Office A
$645.8K
$565.1K – $753.5K
NOI $45,209 @ 7.0% cap · market cap 12.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Spring Hill
- County
- Pasco
- State
- Florida
- Longitude
- -82.5903129
- Latitude
- 28.4533773
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Duplex in Spring Hill near parks and amenities.
Where is this duplex located?
The property is located at 1284 LONDON AVENUE Spring Hill, FL.
What is the asking price?
The asking price for this property is $355,000.
What are key features of this property?
This property features: Duplex with income potential or extended living options.; Two separate 1‑car garages and wide driveway.; Located near Weeki Wachee Springs State Park and Pine Island Beach Park.
