Three-Unit Residential Income
For Sale
$380,000
38313 TUCKER Road, Zephyrhills, FL 33542
Residential Income, ZEPHYRHILLS, FL
Property Size1,924 SF
Lot Size0.35 Acres
Price / SF$197.51
Days on Market148
Property Features for 38313 TUCKER Road
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
RMH
Pets allowed
Yes
Interior features
Ceiling Fans(s), Primary Bedroom Main Floor
Exterior features
Outbuildings
Appliances
Range, Range Hood, Refrigerator
Subdivision
ACREAGE & UNREC
Elementary school
Chester W Taylor Elemen-PO
Middle school
Raymond B Stewart Middle-PO
High school
Zephryhills High School-PO
Directions
Head south on US-98/US-301 toward Zephyrhills. Stay on the main highway (Gall Blvd), then turn right onto Tucker Rd and destination will be on the right.
Standard status
Active
APN
21-26-14-000.0-019.00-001.0
Size
1,924 SF
Lot size
0.35 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BEG SE COR OF SW1/4 OF SE1/4 OF SW1/4 TH NORTH 15.00 FT TH WEST 176.00 FT FOR POB TH NORTH 220.00 FT TH WEST 69.00 FT TH SOUTH 220.00 FT TH EAST 69.00 FT TO POB
Tax Annual Amount
2614
Legal Description
BEG SE COR OF SW1/4 OF SE1/4 OF SW1/4 TH NORTH 15.00 FT TH WEST 176.00 FT FOR POB TH NORTH 220.00 FT TH WEST 69.00 FT TH SOUTH 220.00 FT TH EAST 69.00 FT TO POB
Utilities
Utilities
Electricity Available
Sewer type
Septic Tank
Heating system
Central, Ductless (Heating)
Cooling system
Wall/Window Unit(s), Central Air, Window Unit(s)
Water source
Well
Amenities
fenced yard
storage shed
garage
Building Details
Year built
1969
Building materials
Block
Roof type
Shingle
Additional Structures
Outbuilding
Listing Agency:
DENNIS REALTY & INV. CORP.
(813) 949-7444
Listed By:
Cynthia Stratton · License #701742
(813) 300-9511
Added: Mar 28
Changed: Aug 20
Last Checked: Aug 22 at 11:06PM
MLS# TB8490496
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 RMH-zoned residential income property contains 1,924 square feet across three separate units: a duplex and a detached mobile home. The unit mix includes two one-bedroom residences and one two-bedroom residence, each with one bathroom. One duplex apartment has tile flooring, a remodeled kitchen with stainless steel refrigerator, white shaker cabinets, granite counters, tile backsplash, and a flat-top range. The other includes laminate and tile flooring, a refreshed kitchen, central air conditioning, a flex office area, and a private storage shed. The mobile home offers an open living area, laminate flooring, kitchen cabinetry, wall air conditioning, a mini-split system, and garage access.
The 0.35-acre property is fully fenced and includes on-site parking, outbuildings, a shingle roof, well water, septic service, and electricity available. Located at 38313 Tucker Road in Zephyrhills, the property has access to Gall Blvd, SR-54, and US-301, with shopping, dining, medical facilities, and Zephyr Park nearby.
The 0.35-acre property is fully fenced and includes on-site parking, outbuildings, a shingle roof, well water, septic service, and electricity available. Located at 38313 Tucker Road in Zephyrhills, the property has access to Gall Blvd, SR-54, and US-301, with shopping, dining, medical facilities, and Zephyr Park nearby.
Key Highlights
- Three separate residences: a duplex plus detached mobile home
- 1,924 square feet on a 0.35‑acre parcel
- Unit mix includes two 1‑bedroom units and one 2‑bedroom unit
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
$22,458
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
5.91%
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%
$449,160
$449.2K
Cap Rate 7%
$320,829
$320.8K
Cap Rate 9%
$249,533
$249.5K
Market Conditions
NOI Build-Up for 1,924 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
$34.4K $17.88/SF
− Vacancy
−$2.3K −$1.21/SF
EGI
$32.1K $16.67/SF
− OpEx
−$9.6K −$5.00/SF
NOI
$22.5K $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%
$449,160
Cap Rate 7%
$320,829
Cap Rate 9%
$249,533
Alternative Uses
Best Use
Multifamily LT 5
$320.8K
$280.7K – $374.3K
NOI $22,458 @ 7.0% cap · market cap 5.91%
Second Best
Apartment 5plus
$252.8K
$221.2K – $294.9K
NOI $17,695 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$438.3K
$383.5K – $511.3K
NOI $30,679 @ 7.0% cap · market cap 8.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
156
Businesses Nearby
Explore this area
Business Placement
Demographics for 33542, FL
22,649
Population
13,600
Households
1.7
Avg Household Size
54
Median Age
16%
College-Educated
89%
High-School Grad
10.4 sq mi
ZIP Area
2,178
Density / Sq Mi
$49,011
Median Household Income
$34,267
Median Earnings
$1,049
Median Rent
$129,900
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?
Triplex - Duplex and detached mobile home provide three separate residences with varied layouts, updated finishes, and on-site parking.
Where is this triplex located?
The property is located at 38313 TUCKER Road Zephyrhills, FL.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: Three separate residences: a duplex plus detached mobile home; 1,924 square feet on a 0.35‑acre parcel; Unit mix includes two 1‑bedroom units and one 2‑bedroom unit
