Two-Unit Duplex with
For Sale
$610,000
Pending
1734 RUMAR Lane, Holiday, FL 34691
Residential Income, HOLIDAY, FL
Property Size3,384 SF
Lot Size0.47 Acres
Days on Market251
Property Features for 1734 RUMAR Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R1MH
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 5, Bedroom 6, Dining Room, Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 4, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 3
Parking features
Open, Driveway
Patio and Porch features
Deck
Interior features
Cathedral Ceiling(s), Ceiling Fans(s), High Ceilings, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Thermostat, Walk-In Closet(s), Window Treatments
Exterior features
Balcony
Appliances
Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
Subdivision
JACOBS SUB
Elementary school
Gulfside Elementary-PO
Middle school
Paul R. Smith Middle-PO
High school
Anclote High-PO
Directions
From Alt 19 north of the Tarpon Springs Sponge Docks, head west on Anclote Road, turn right onto Bailie's Bluff Road, then make a right onto Rumar- the first home on the right.
Standard status
Pending
APN
34-26-15-0040-00000-0090
Size
3,384 SF
Lot size
0.47 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
JACOBS SUBDIVISION PB 24 PGS 149-150 LOT 9
Tax Annual Amount
6566
Legal Description
JACOBS SUBDIVISION PB 24 PGS 149-150 LOT 9
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, Tile - Ceramic, Carpet
Building materials
Block, Stucco, Frame
Roof type
Shingle
Listing Agency:
COLDWELL BANKER REALTY · Coldwell Banker Real Estate
(863) 294-7541
Listed By:
Erin Floyd · License #3212218
(863) 412-2286
Added: Dec 23, 2025
Changed: Aug 20
Last Checked: Aug 31 at 10:06AM
MLS# P4937355
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 duplex includes two separate residences, each configured with 3 bedrooms and 2 bathrooms. Combined heated living area totals 3,384 square feet, while the property encompasses 7,062 square feet overall. One unit is furnished. Both sides feature oversized two-car garage doors, along with open parking and driveways. Interior features include open floorplans, cathedral ceilings, ceiling fans, walk-in closets, tile, laminate, and carpet flooring. Central heating and central air serve the units, with public water and public sewer available. The property was built in 1988 and carries R1MH zoning.
Outdoor recreation is immediately accessible, with the New Anclote Bike Trail along the property and Anclote River Park across the way. The park includes a public boat ramp, sandy beach, picnic areas, and a playground. Shops, dining, and waterfront attractions in historic Tarpon Springs are located minutes away. The property is suited to personal occupancy, vacation rental use, or income-producing residential ownership as supported by the existing two-unit layout.
Outdoor recreation is immediately accessible, with the New Anclote Bike Trail along the property and Anclote River Park across the way. The park includes a public boat ramp, sandy beach, picnic areas, and a playground. Shops, dining, and waterfront attractions in historic Tarpon Springs are located minutes away. The property is suited to personal occupancy, vacation rental use, or income-producing residential ownership as supported by the existing two-unit layout.
Key Highlights
- Two‑unit duplex with 3,384 heated square feet and 7,062 square feet overall
- Each unit includes 3 bedrooms and 2 bathrooms
- Oversized two‑car garage doors serve both units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$39,499
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$789,980
$790.0K
Cap Rate 7%
$564,271
$564.3K
Cap Rate 9%
$438,878
$438.9K
Market Conditions
NOI Build-Up for 3,384 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$60.5K $17.88/SF
− Vacancy
−$4.1K −$1.21/SF
EGI
$56.4K $16.67/SF
− OpEx
−$16.9K −$5.00/SF
NOI
$39.5K $11.67/SF
Area
Pasco 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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$789,980
Cap Rate 7%
$564,271
Cap Rate 9%
$438,878
Alternative Uses
Best Use
Multifamily LT 5
$564.3K
$493.7K – $658.3K
NOI $39,499 @ 7.0% cap · market cap 6.48%
Second Best
Apartment 5plus
$444.6K
$389.0K – $518.7K
NOI $31,123 @ 7.0% cap · market cap 5.10%
Theoretical Best
Office A
$770.9K
$674.5K – $899.3K
NOI $53,960 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
152
Businesses Nearby
Explore this area
Business Placement
Demographics for 34691, FL
23,688
Population
12,265
Households
1.9
Avg Household Size
44
Median Age
16%
College-Educated
92%
High-School Grad
7.8 sq mi
ZIP Area
3,037
Density / Sq Mi
$48,387
Median Household Income
$40,729
Median Earnings
$1,208
Median Rent
$172,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence provides three bedrooms and two bathrooms, with one side furnished for immediate occupancy or rental use.
Where is this duplex located?
The property is located at 1734 RUMAR Lane Holiday, FL.
What is the asking price?
The asking price for this property is $610,000.
What are key features of this property?
This property features: Two‑unit duplex with 3,384 heated square feet and 7,062 square feet overall; Each unit includes 3 bedrooms and 2 bathrooms; Oversized two‑car garage doors serve both units
