Renovated Fourplex with Private
New
For Sale
$1,150,000
1477 PINEHURST RD, Dunedin, FL 34698
Four occupied apartments offer updated interiors, in-unit laundry, and a repaved parking area.
Property Size3,615 SF
Price / SF$318.12
Days on Market3
Property Features for 1477 PINEHURST RD
General Information
Standard status
Active
Size
3,615 SF
Property subtype
Quadruplex
Occupancy
100%
Units
Unit Mix
3 x 2BR/1BA, 1 x 2BR/2BA
Multifamily Units
4
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$11,529
Amenities
private decks
dishwashers
in-unit washers and dryers
Building Details
Building Size
3,615 SF
Year Built
1983
Buildings
1
Listing Agency:
STONEBRIDGE REAL ESTATE CO
Listed By:
Ben Magnie · License #3463003
(727) 455-0221
Source:
Stationsquarerealty
Added: Nov 3
Changed: Nov 4
Last Checked: Nov 4 at 1:32PM
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 STONEBRIDGE REAL ESTATE CO
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Investment Insights
Based on property information with market context.
This 3,615-square-foot fourplex contains four two-bedroom apartments: three with one bathroom and one with two. Renovations include refreshed kitchens and bathrooms, appliances, dishwashers, and private decks. Each apartment has an in-unit washer and dryer. Three air-conditioning systems are new; the fourth is approximately five years old. The parking lot has been repaved. The building dates to 1983.
The property is one mile from downtown Dunedin and less than 1.5 miles from the water. It is outside the flood zone.
The property is one mile from downtown Dunedin and less than 1.5 miles from the water. It is outside the flood zone.
Key Highlights
- Four apartments: three 2‑bedroom, 1‑bath units and one 2‑bedroom, 2‑bath unit
- 3,615 square feet; built in 1983
- Renovated kitchens and bathrooms, with updated appliances and dishwashers
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,196
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$843,920
$843.9K
Cap Rate 7%
$602,800
$602.8K
Cap Rate 9%
$468,844
$468.8K
Market Conditions
NOI Build-Up for 3,615 SF
Gross rent
$64.6K $17.88/SF
− Vacancy
−$4.4K −$1.21/SF
EGI
$60.3K $16.67/SF
− OpEx
−$18.1K −$5.00/SF
NOI
$42.2K $11.67/SF
Area
Pinellas County, FL
Vacancy
6.74%
Lease Rate
$17.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$843,920
Cap Rate 7%
$602,800
Cap Rate 9%
$468,844
Alternative Uses
Best Use
Multifamily LT 5
$602.8K
$527.5K – $703.3K
NOI $42,196 @ 7.0% cap · market cap 3.67%
Second Best
Apartment 5plus
$475.0K
$415.6K – $554.1K
NOI $33,248 @ 7.0% cap · market cap 2.89%
Theoretical Best
Office A
$940.3K
$822.8K – $1.10M
NOI $65,820 @ 7.0% cap · market cap 5.72%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,005
Businesses Nearby
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Business Placement
Demographics for 34698, FL
38,010
Population
22,016
Households
1.7
Avg Household Size
56
Median Age
36%
College-Educated
95%
High-School Grad
11.2 sq mi
ZIP Area
3,394
Density / Sq Mi
$67,323
Median Household Income
$44,747
Median Earnings
$1,571
Median Rent
$335,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four occupied apartments offer updated interiors, in-unit laundry, and a repaved parking area.
Where is this quadplex located?
The property is located at 1477 PINEHURST RD Dunedin, FL.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Four apartments: three 2‑bedroom, 1‑bath units and one 2‑bedroom, 2‑bath unit; 3,615 square feet; built in 1983; Renovated kitchens and bathrooms, with updated appliances and dishwashers
