2-Unit Duplex with
New
For Sale
$420,000
4281 Azora Road, Spring Hill, FL 34608
Residential Income, Spring Hill, FL
Property Size2,220 SF
Lot Size0.20 Acres
Price / SF$189.19
Days on Market5
Property Features for 4281 Azora Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
PDP (MF)
Zoning description
Planned Development Project-Multi Family
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Laundry Room, Bedroom 4, Bedroom 5, Bathroom 1, Bathroom 3, Bathroom 4, Bathroom 2, Bedroom 1, Bedroom 3, Bedroom 2, Bedroom 6
Parking features
Garage
Appliances
Dishwasher, Electric Oven, Refrigerator
Subdivision
Spring Hill Unit 17
Lot features
Few Trees
Elementary school
Explorer
Middle school
Explorer
High school
F.W. Springstead
Directions
Mariner to Northcliffe, left on Azora
Standard status
Active
APN
R32 323 17 5170 1151 0130
Size
2,220 SF
Lot size
0.20 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4966
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1988
Floors in Building
1
Number of units
2
Flooring type
Laminate
Building materials
Block, Stucco
Roof type
Shingle
Buildings
1
Listing Agency:
Tropic Shores Realty LLC
Listed By:
Kimberly Armstrong · License #SL3243004
(352) 684-7371
Added: Oct 24
Changed: Oct 26
Last Checked: Oct 28 at 5:06AM
MLS# 2261402
Copyright © 2026 Hernando County Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,220-square-foot duplex contains two residences, each with three bedrooms, two bathrooms, a kitchen, and a one-car garage. Both kitchens have a stove, refrigerator, and dishwasher. Laminate flooring, central heating and air conditioning, and a concrete grilling pad at each unit are among the property’s features. The building was constructed in 1988, has block and stucco construction, and a shingle roof. The parcel measures 0.2 acres and is zoned PDP (MF).
The units are occupied by month-to-month tenants who pay their own utilities. Public water and sewer serve the property.
The units are occupied by month-to-month tenants who pay their own utilities. Public water and sewer serve the property.
Key Highlights
- Two residences, each with 3 bedrooms, 2 bathrooms, and a 1‑car garage
- 2,220 square feet on a 0.2‑acre parcel
- PDP (MF) zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,282
Cap Rate
6.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$505,640
$505.6K
Cap Rate 7%
$361,171
$361.2K
Cap Rate 9%
$280,911
$280.9K
Market Conditions
NOI Build-Up for 2,220 SF
Gross rent
$38.6K $17.40/SF
− Vacancy
−$2.5K −$1.13/SF
EGI
$36.1K $16.27/SF
− OpEx
−$10.8K −$4.88/SF
NOI
$25.3K $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%
$505,640
Cap Rate 7%
$361,171
Cap Rate 9%
$280,911
Alternative Uses
Best Use
Multifamily LT 5
$361.2K
$316.0K – $421.4K
NOI $25,282 @ 7.0% cap · market cap 6.02%
Second Best
Apartment 5plus
$335.2K
$293.3K – $391.1K
NOI $23,464 @ 7.0% cap · market cap 5.59%
Theoretical Best
Office A
$709.8K
$621.1K – $828.1K
NOI $49,685 @ 7.0% cap · market cap 11.83%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
427
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 - Each residence has three bedrooms, two bathrooms, and its own kitchen.
Where is this duplex located?
The property is located at 4281 Azora Road Spring Hill, FL.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms, 2 bathrooms, and a 1‑car garage; 2,220 square feet on a 0.2‑acre parcel; PDP (MF) zoning
