Fenced-Yard
For Sale
$169,000
5716 KENWOOD Avenue, New Port Richey, FL 34652
Residential Income, NEW PORT RICHEY, FL
Property Size1,027 SF
Lot Size0.21 Acres
Price / SF$164.56
Days on Market481
Property Features for 5716 KENWOOD Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R2
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bathroom 1, Bathroom 2
Window features
ENERGY STAR Qualified WIndows
Patio and Porch features
Porch
Interior features
Ceiling Fans(s), Open Floorplan
Exterior features
Fence
Fencing
Fenced
Fireplace
1
Appliances
Dryer, Electric Water Heater, Range, Refrigerator, Washer
Subdivision
KINNEY SUB
Lot features
Corner Lot, Sidewalk, Paved
Elementary school
Richey Elementary School
Middle school
Gulf Middle-PO
High school
Gulf High-PO
Directions
East on Main Street - Turn left on Madison Street - Turn Left on Massachusetts - Turn Right on Washington - Duplex is on the corner of Washington and Kenwood.
Standard status
Active
APN
16-25-32-043.0-001.00-011.0
Size
1,027 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
KINNEY SUB PB 2 PG 44 EAST 29 FT OF LOT 10 & ALL OF LOT 11 BLOCK 1
Tax Annual Amount
3472
Legal Description
KINNEY SUB PB 2 PG 44 EAST 29 FT OF LOT 10 & ALL OF LOT 11 BLOCK 1
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
exterior laundry area
large fenced yard
Building Details
Year built
1948
Number of units
2
Flooring type
Vinyl
Building materials
Block, Frame
Roof type
Shingle
Listing Agency:
RE/MAX CHAMPIONS · RE/MAX International
(727) 807-7887
Listed By:
Kim Doukas · License #3101882
(727) 278-0954
Added: May 27, 2025
Changed: Sep 19
Last Checked: Sep 19 at 2:06PM
MLS# TB8390381
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 1,027-square-foot duplex on a 0.21-acre parcel includes two separately accessed units, individual driveways, central heating and cooling, vinyl flooring, and block-and-frame construction. One unit includes a remodeled kitchen, refreshed bathroom, fireplace, and Florida room; the other is a studio with a remodeled bathroom. Both units have private entrances, and neither has experienced interior flooding. The property also provides an exterior laundry area with a washer and dryer, along with a fenced yard. The shingle roof was replaced in 2018, and the exterior was painted in 2024. Both units are occupied under month-to-month leases. Located at 5716 Kenwood Avenue in New Port Richey, the property is near downtown shops, restaurants, Sims Park, festivals, and the riverfront, with access to US-19 and the Suncoast Parkway. Public water and public sewer serve the property, which is zoned R2 and was built in 1948.
Key Highlights
- 1,027 SF duplex on a 0.21‑acre lot
- Two separate units with private entrances and individual driveways
- Roof replaced in 2018; exterior painted in 2024
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
$11,988
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
7.09%
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%
$239,760
$239.8K
Cap Rate 7%
$171,257
$171.3K
Cap Rate 9%
$133,200
$133.2K
Market Conditions
NOI Build-Up for 1,027 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
$18.4K $17.88/SF
− Vacancy
−$1.2K −$1.21/SF
EGI
$17.1K $16.67/SF
− OpEx
−$5.1K −$5.00/SF
NOI
$12.0K $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%
$239,760
Cap Rate 7%
$171,257
Cap Rate 9%
$133,200
Alternative Uses
Best Use
Multifamily LT 5
$171.3K
$149.9K – $199.8K
NOI $11,988 @ 7.0% cap · market cap 7.09%
Second Best
Apartment 5plus
$134.9K
$118.1K – $157.4K
NOI $9,445 @ 7.0% cap · market cap 5.59%
Theoretical Best
Office A
$233.9K
$204.7K – $272.9K
NOI $16,376 @ 7.0% cap · market cap 9.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
750
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two separately entered units offer flexible layouts, private driveways, shared laundry, and a substantial enclosed yard.
Where is this duplex located?
The property is located at 5716 KENWOOD Avenue New Port Richey, FL.
What is the asking price?
The asking price for this property is $169,000.
What are key features of this property?
This property features: 1,027 SF duplex on a 0.21‑acre lot; Two separate units with private entrances and individual driveways; Roof replaced in 2018; exterior painted in 2024
