Two-Unit Duplex with
New
For Sale
$359,000
1443 & 1445 GILES AVENUE, Spring Hill, FL 34608
Both residences include screened outdoor space, while separate garages provide parking and laundry hookups.
Property Size2,107 SF
Price / SF$170.38
Days on Market4
Property Features for 1443 & 1445 GILES AVENUE
General Information
Standard status
Active
Size
2,107 SF
Property subtype
Duplex
Units
Unit Mix
1 x 2BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Road Access
Yes
Building Details
Year Built
1981
Listing Agency:
HONOR REAL ESTATE
(813) 803-2049
Listed By:
Matthew Lackey · License #3385015
(772) 584-2543
Source:
Endlesssummerrealty
Added: Oct 25
Changed: Oct 26
Last Checked: Oct 26 at 1:50PM
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 HONOR REAL ESTATE
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Investment Insights
Based on property information with market context.
This 2,107-square-foot duplex, built in 1981, contains two residences with different bedroom and bath configurations: one has two bedrooms and two bathrooms, and the other has two bedrooms and one bathroom. Each unit has a single-car garage, washer and dryer hookups, and a screened back porch. Interior finishes include ceramic tile, laminate, and vinyl flooring. A 13.5' × 15.5' shed is also on the property, and the roof was replaced in 2023.
The property sits on a cul-de-sac with no homes behind it. Publix is an 8-minute drive away, and Walmart is 11 minutes away. There is no HOA or CDD.
The property sits on a cul-de-sac with no homes behind it. Publix is an 8-minute drive away, and Walmart is 11 minutes away. There is no HOA or CDD.
Key Highlights
- Two residences: one with 2 bedrooms and 2 bathrooms; the other with 2 bedrooms and 1 bathroom
- 2,107 square feet; built in 1981
- Each unit has a single‑car garage, washer and dryer hookups, and a screened back porch
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,995
Cap Rate
6.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$479,900
$479.9K
Cap Rate 7%
$342,786
$342.8K
Cap Rate 9%
$266,611
$266.6K
Market Conditions
NOI Build-Up for 2,107 SF
Gross rent
$36.7K $17.40/SF
− Vacancy
−$2.4K −$1.13/SF
EGI
$34.3K $16.27/SF
− OpEx
−$10.3K −$4.88/SF
NOI
$24.0K $11.39/SF
Area
Spring Hill, FL
Vacancy
6.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$479,900
Cap Rate 7%
$342,786
Cap Rate 9%
$266,611
Alternative Uses
Best Use
Multifamily LT 5
$342.8K
$299.9K – $399.9K
NOI $23,995 @ 7.0% cap · market cap 6.68%
Second Best
Apartment 5plus
$318.1K
$278.4K – $371.2K
NOI $22,269 @ 7.0% cap · market cap 6.20%
Theoretical Best
Office A
$673.7K
$589.5K – $785.9K
NOI $47,156 @ 7.0% cap · market cap 13.14%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
109
Businesses Nearby
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Business Placement
Demographics for 34608, FL
34,363
Population
15,253
Households
2.3
Avg Household Size
46
Median Age
20%
College-Educated
90%
High-School Grad
15.2 sq mi
ZIP Area
2,261
Density / Sq Mi
$62,197
Median Household Income
$36,740
Median Earnings
$1,207
Median Rent
$237,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences include screened outdoor space, while separate garages provide parking and laundry hookups.
Where is this duplex located?
The property is located at 1443 & 1445 GILES AVENUE Spring Hill, FL.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: Two residences: one with 2 bedrooms and 2 bathrooms; the other with 2 bedrooms and 1 bathroom; 2,107 square feet; built in 1981; Each unit has a single‑car garage, washer and dryer hookups, and a screened back porch
