Updated Four-Unit
New
For Sale
$999,999
7851 PINEHURST Drive, Spring Hill, FL 34606
Residential Income, SPRING HILL, FL
Property Size5,280 SF
Lot Size0.28 Acres
Price / SF$189.39
Days on Market3
Property Features for 7851 PINEHURST Drive
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
PDP MULTI-FAMILY
Bedrooms
8
Bathrooms
8
Full bathrooms
8
Rooms
Bathroom 2, Bedroom 2, Bathroom 6, Bathroom 8, Bedroom 3, Bedroom 5, Bathroom 1, Bathroom 4, Bathroom 5, Bedroom 6, Bedroom 8, Bathroom 7, Bedroom 1, Bedroom 7, Bedroom 4, Bathroom 3
Parking features
Open
Patio and Porch features
Porch
Interior features
Ceiling Fans(s), Open Floorplan, Solid Surface Counters, Stone Counters, Thermostat
Exterior features
Fence, Rain Gutters
Fencing
Fenced
Fireplace
1
Appliances
Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator
Subdivision
SPRING HILL UNIT 3
Directions
Spring Hill Drive. North on Pinehurst Drive. Property will be on your left.
Standard status
Active
APN
R32 323 17 5030 0148 0140
Size
5,280 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SPRING HILL UNIT 3 BLK 148 LOT 14 ORB 499 PG 1668 FKA Regal Oaks Condominium Vacated
Tax Annual Amount
13422
Legal Description
SPRING HILL UNIT 3 BLK 148 LOT 14 ORB 499 PG 1668 FKA Regal Oaks Condominium Vacated
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
washer/dryer combo
private screened lanai
fully fenced backyard
Building Details
Year built
1981
Floors in Building
2
Number of units
4
Flooring type
Tile - Ceramic, Tile
Building materials
Block, Stucco
Roof type
Shingle
Listing Agency:
KW REALTY ELITE PARTNERS · Keller Williams Realty
(352) 688-6500
Listed By:
Tracie Maler, PA · License #3246734
(352) 848-5401
Added: Oct 5
Changed: Oct 7
Last Checked: Oct 7 at 11:06PM
MLS# W7890118
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.
Investment Insights
Based on property information with market context.
This two-story quadplex contains four 2-bedroom, 2-bath residences, each with approximately 1,320 square feet. The 5,280-square-foot building was constructed in 1981, and all four units received extensive updates in 2021, including kitchens, bathrooms, flooring, electrical, plumbing, and HVAC systems. Each residence has a washer-dryer combination and a private screened lanai. A hardwired, monitored central smoke detection system serves the property.
The 0.28-acre site includes seven parking spaces in front of the building and a fenced backyard. The roof was replaced in 2000, and the property is zoned PDP MULTI-FAMILY.
The 0.28-acre site includes seven parking spaces in front of the building and a fenced backyard. The roof was replaced in 2000, and the property is zoned PDP MULTI-FAMILY.
Key Highlights
- Four occupied 2‑bedroom, 2‑bath units, each approximately 1,320 square feet
- 5,280‑square‑foot building on a 0.28‑acre site
- All four units extensively updated in 2021
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,130
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,202,600
$1.2M
Cap Rate 7%
$859,000
$859.0K
Cap Rate 9%
$668,111
$668.1K
Market Conditions
NOI Build-Up for 5,280 SF
Gross rent
$91.9K $17.40/SF
− Vacancy
−$6.0K −$1.13/SF
EGI
$85.9K $16.27/SF
− OpEx
−$25.8K −$4.88/SF
NOI
$60.1K $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%
$1,202,600
Cap Rate 7%
$859,000
Cap Rate 9%
$668,111
Alternative Uses
Best Use
Multifamily LT 5
$859.0K
$751.6K – $1.00M
NOI $60,130 @ 7.0% cap · market cap 6.01%
Second Best
Apartment 5plus
$797.2K
$697.6K – $930.1K
NOI $55,806 @ 7.0% cap · market cap 5.58%
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,169 @ 7.0% cap · market cap 11.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
730
Businesses Nearby
Explore this area
Business Placement
Demographics for 34606, FL
28,548
Population
14,009
Households
2
Avg Household Size
53
Median Age
20%
College-Educated
89%
High-School Grad
11.6 sq mi
ZIP Area
2,461
Density / Sq Mi
$54,730
Median Household Income
$33,778
Median Earnings
$1,192
Median Rent
$227,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - All four residences are occupied and include screened lanais overlooking a fenced backyard.
Where is this quadplex located?
The property is located at 7851 PINEHURST Drive Spring Hill, FL.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Four occupied 2‑bedroom, 2‑bath units, each approximately 1,320 square feet; 5,280‑square‑foot building on a 0.28‑acre site; All four units extensively updated in 2021
