Renovated Duplex with New
For Sale
$399,000
5422 AMY Lane, New Port Richey, FL 34652
Residential Income, NEW PORT RICHEY, FL
Property Size2,048 SF
Lot Size0.14 Acres
Price / SF$194.82
Days on Market59
Property Features for 5422 AMY Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
MF1
Rooms
Family Room
Interior features
Eat-in Kitchen, Kitchen/Family Room Combo, Open Floorplan, Walk-In Closet(s)
Exterior features
Private Mailbox, Storage
Appliances
Dishwasher, Electric Water Heater, Microwave, Range Hood, Refrigerator
Subdivision
TAMPA TARPON SPGS LAND CO
Directions
Us19 North right on Gulf dr. right on Amy lane
Standard status
Active
APN
16-26-08-001.0-049.00-008.0
Size
2,048 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
TAMPA & TARPON SPRINGS LAND CO PB 1 PGS 69 & 70 POR OF TR 49 DESC AS COM NW COR LOT 19 CASSANDRA CRESCENT SUB FOR POB TH N89DEG36'06"W(G)17.00 FT TH S00DEG26' 57"W 40.00 FT TH N89DEG36' 06"W 100.67 FT TH N00DEG32' 57"E 58.00 FT TH S89DEG36' 06"E 117.55 FT TH S00DEG26' 57"W 18.00 FT TO POB SUBJECT TO AN EASEMENT FOR INGRESS & EGRESS OVER THE NORTH 10 FT OF THE WEST 47 FT THEREOF
Tax Annual Amount
6248
Legal Description
TAMPA & TARPON SPRINGS LAND CO PB 1 PGS 69 & 70 POR OF TR 49 DESC AS COM NW COR LOT 19 CASSANDRA CRESCENT SUB FOR POB TH N89DEG36'06"W(G)17.00 FT TH S00DEG26' 57"W 40.00 FT TH N89DEG36' 06"W 100.67 FT TH N00DEG32' 57"E 58.00 FT TH S89DEG36' 06"E 117.55 FT TH S00DEG26' 57"W 18.00 FT TO POB SUBJECT TO AN EASEMENT FOR INGRESS & EGRESS OVER THE NORTH 10 FT OF THE WEST 47 FT THEREOF
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
inside laundry rooms
private fenced backyard
storage sheds
Building Details
Year built
1981
Building materials
Block, Brick
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
FUTURE HOME REALTY INC
(813) 855-4982
Listed By:
Robert McDugald · License #599766
(727) 409-3368
Added: Jul 28
Changed: Aug 19
Last Checked: Sep 24 at 1:06PM
MLS# TB8533485
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 renovated duplex includes two similarly configured residences, each with 2 bedrooms, 2 full bathrooms, and 1,025 square feet of heated and cooled living area. Both units feature open-plan living, eat-in kitchens, spacious great rooms, generously sized bedrooms, primary walk-in closets, and interior laundry rooms. One kitchen has been updated. The property also includes a roof installed for the entire duplex, a new A/C system from 2025, block and brick construction, shingle roofing, and central air conditioning.
Each residence has a private fenced backyard, while the property provides parking for 4 vehicles and storage sheds. Month-to-month leases are in place, with tenants currently occupying the units. Public water and public sewer serve the property. Located at 5422 Amy Lane in New Port Richey, the duplex is near shopping, dining, downtown, local parks, and other amenities. The lot measures 0.14 acres, and the property was built in 1981.
Each residence has a private fenced backyard, while the property provides parking for 4 vehicles and storage sheds. Month-to-month leases are in place, with tenants currently occupying the units. Public water and public sewer serve the property. Located at 5422 Amy Lane in New Port Richey, the duplex is near shopping, dining, downtown, local parks, and other amenities. The lot measures 0.14 acres, and the property was built in 1981.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 2 full bathrooms per unit
- Each unit provides 1,025 square feet of heated and cooled living space
- New A/C system installed in 2025 and new roof across the duplex
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
$23,905
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
5.99%
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%
$478,100
$478.1K
Cap Rate 7%
$341,500
$341.5K
Cap Rate 9%
$265,611
$265.6K
Market Conditions
NOI Build-Up for 2,048 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
$36.6K $17.88/SF
− Vacancy
−$2.5K −$1.21/SF
EGI
$34.2K $16.67/SF
− OpEx
−$10.2K −$5.00/SF
NOI
$23.9K $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%
$478,100
Cap Rate 7%
$341,500
Cap Rate 9%
$265,611
Alternative Uses
Best Use
Multifamily LT 5
$341.5K
$298.8K – $398.4K
NOI $23,905 @ 7.0% cap · market cap 5.99%
Second Best
Apartment 5plus
$269.1K
$235.5K – $313.9K
NOI $18,836 @ 7.0% cap · market cap 4.72%
Theoretical Best
Office A
$466.5K
$408.2K – $544.3K
NOI $32,657 @ 7.0% cap · market cap 8.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,257
Businesses Nearby
Explore this area
Business Placement
Demographics for 34652, FL
26,697
Population
14,700
Households
1.8
Avg Household Size
51
Median Age
20%
College-Educated
88%
High-School Grad
8.6 sq mi
ZIP Area
3,104
Density / Sq Mi
$52,396
Median Household Income
$36,819
Median Earnings
$1,189
Median Rent
$198,400
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?
Duplex - Two matching units offer open layouts, private laundry, fenced yards, and storage sheds.
Where is this duplex located?
The property is located at 5422 AMY Lane New Port Richey, FL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 2 full bathrooms per unit; Each unit provides 1,025 square feet of heated and cooled living space; New A/C system installed in 2025 and new roof across the duplex
