Renovated 4-Unit
New
For Sale
$1,150,000
1477 PINEHURST Road, Dunedin, FL 34698
Residential Income, DUNEDIN, FL
Property Size3,615 SF
Lot Size0.37 Acres
Price / SF$318.12
Days on Market3
Property Features for 1477 PINEHURST Road
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
8
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 5, Bedroom 3, Bedroom 5, Bedroom 8, Bedroom 4, Bedroom 6, Bathroom 3, Bedroom 7, Bedroom 2, Bathroom 4, Bedroom 1, Bathroom 2, Bathroom 1
Parking features
Off Street, Open
Patio and Porch features
Deck
Interior features
Primary Bedroom Main Floor, Stone Counters, Thermostat
Exterior features
Lighting
Appliances
Dishwasher, Dryer, Electric Cooktop, Range, Range Hood, Refrigerator, Washer
Subdivision
DUNEDIN PINES
Lot features
City Limits
High school
Dunedin High-PN
Directions
Drive East On Maint St. Turn Left on Pinehurst. Property is one block north on the right.
Standard status
Active
APN
26-28-15-23508-000-1380
Size
3,615 SF
Lot size
0.37 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
DUNEDIN PINES LOTS 138, 139 AND 140
Tax Annual Amount
11529
Legal Description
DUNEDIN PINES LOTS 138, 139 AND 140
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
updated kitchens
updated bathrooms
appliances
private decks
dishwashers
in-unit washers and dryers
repaved parking lot
Building Details
Year built
1983
Number of units
4
Flooring type
Vinyl, Tile - Ceramic
Building materials
Frame
Roof type
Shingle
Listing Agency:
STONEBRIDGE REAL ESTATE CO
(727) 443-5000
Listed By:
Ben Magnie · License #3463003
(727) 455-0221
Added: Nov 3
Changed: Nov 4
Last Checked: Nov 5 at 12:06AM
MLS# TB8562090
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,615-square-foot quadplex contains four two-bedroom apartments: three with one bathroom and one with two. Renovations include updated kitchens and bathrooms, along with appliances, dishwashers, private decks, and in-unit washers and dryers. Three air-conditioning systems are new, while the fourth is approximately five years old. The property also has an open parking area that has been repaved.
Built in 1983, the frame building sits on 0.37 acres in Dunedin. Downtown Dunedin is one mile away, and the water is less than 1.5 miles from the property. The location is outside the flood zone.
Built in 1983, the frame building sits on 0.37 acres in Dunedin. Downtown Dunedin is one mile away, and the water is less than 1.5 miles from the property. The location is outside the flood zone.
Key Highlights
- Four two‑bedroom units: three 2/1s and one 2/2
- 3,615 square feet on 0.37 acres
- Approximately $250,000 in renovations completed
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,005
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom residences feature private decks, updated interiors, and in-unit laundry.
Where is this quadplex located?
The property is located at 1477 PINEHURST Road 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 two‑bedroom units: three 2/1s and one 2/2; 3,615 square feet on 0.37 acres; Approximately $250,000 in renovations completed
