Updated-Interior
For Sale
$999,999
7851 Pinehurst Drive, Spring Hill, FL 34606
Residential Income, Spring Hill, FL
Property Size5,280 SF
Lot Size0.29 Acres
Price / SF$189.39
Days on Market32
Property Features for 7851 Pinehurst Drive
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Zoning
OOC
Bedrooms
8
Rooms
Bedroom 4, Bedroom 5, Bedroom 7, Bedroom 2, Bedroom 6, Bedroom 3, Bedroom 1, Bedroom 8
Parking features
Open
Exterior features
Rain Gutters
Fencing
Chain Link
Appliances
Dishwasher, Microwave Hood, Range, Refrigerator
Lot features
Wooded
Directions
From US Hwy 19 to Spring Hill Dr, travel approx 4.2 miles, Turn Left onto Pinehurst Dr.
Standard status
Active
APN
01031813
Size
5,280 SF
Lot size
0.29 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
SPRING HILL UNIT 3 BLK 148 LOT 14 ORB 499 PG 1668 FKA REGAL
Tax Annual Amount
13422
Legal Description
SPRING HILL UNIT 3 BLK 148 LOT 14 ORB 499 PG 1668 FKA REGAL
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
washer/dryer combo
Building Details
Year built
1981
Floors in Building
2
Number of units
1
Flooring type
Tile
Building materials
Stucco, Block
Roof type
Shingle
Buildings
1
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: Nov 4
Last Checked: Nov 5 at 12:06AM
MLS# CC858396
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.
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Investment Insights
Based on property information with market context.
Built in 1981, this two-story quadplex contains four 2-bedroom, 2-bath residences, each measuring approximately 1,320 square feet. Two units are on the ground floor and two are upstairs. All four were updated in 2021, with improvements that include kitchens with granite countertops and stainless steel appliances, refreshed bathrooms, tile flooring, washer/dryer combinations, and newer electrical, plumbing, and HVAC systems. The building totals 5,280 square feet.
The property occupies a 0.29-acre site at 7851 Pinehurst Drive in Spring Hill, Florida. Seven open parking spaces are located in front of the building. Public water and sewer serve the property, which is zoned OOC.
The property occupies a 0.29-acre site at 7851 Pinehurst Drive in Spring Hill, Florida. Seven open parking spaces are located in front of the building. Public water and sewer serve the property, which is zoned OOC.
Key Highlights
- Four 2‑bedroom, 2‑bath units, approximately 1,320 square feet each
- 5,280‑square‑foot building on a 0.29‑acre parcel
- All four units 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.
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Property Analytics
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Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
344
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four occupied residences feature two bedrooms and two bathrooms apiece, with two units on each floor.
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 2‑bedroom, 2‑bath units, approximately 1,320 square feet each; 5,280‑square‑foot building on a 0.29‑acre parcel; All four units updated in 2021
