Two-Unit
New
For Sale
$235,000
38528 9TH AVENUE, Zephyrhills, FL 33542
Both residences are rented and configured as one-bedroom, one-bath units.
Property Size1,196 SF
Lot Size0.19 Acres
Price / SF$196.49
Days on Market6
Property Features for 38528 9TH AVENUE
General Information
Standard status
Active
Size
1,196 SF
Lot size
0.19 Acres
Property subtype
Duplex
Occupancy
100%
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$19,800
Road Access
Yes
Building Details
Year Built
1972
Tenancy
Multi
Listing Agency:
COLDWELL BANKER AQUATERRA REALTY
(813) 780-7500
Listed By:
Albert Fava IV · License #3606388
(813) 679-4827
Source:
Dennisrealty
Added: Oct 5
Changed: Oct 7
Last Checked: Oct 9 at 10:28PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of COLDWELL BANKER AQUATERRA REALTY
Investment Insights
Based on property information with market context.
Built in 1972, this duplex contains two one-bedroom, one-bath units, each offering a separate rental residence. The property includes approximately 1,196 heated square feet and 2,108 total square feet on approximately 0.19 acres. It is being sold as-is, with the right to inspect.
The property is on 9th Avenue in Zephyrhills, with access to local shopping, dining, schools, and major roadways. Both units are currently rented.
The property is on 9th Avenue in Zephyrhills, with access to local shopping, dining, schools, and major roadways. Both units are currently rented.
Key Highlights
- Two one‑bedroom, one‑bath units
- Both residences are currently rented
- Approximately 1,196 heated square feet and 2,108 total square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,960
Cap Rate
5.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$279,200
$279.2K
Cap Rate 7%
$199,429
$199.4K
Cap Rate 9%
$155,111
$155.1K
Market Conditions
NOI Build-Up for 1,196 SF
Gross rent
$21.4K $17.88/SF
− Vacancy
−$1.4K −$1.21/SF
EGI
$19.9K $16.67/SF
− OpEx
−$6.0K −$5.00/SF
NOI
$14.0K $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 Rate 5%
$279,200
Cap Rate 7%
$199,429
Cap Rate 9%
$155,111
Alternative Uses
Best Use
Multifamily LT 5
$199.4K
$174.5K – $232.7K
NOI $13,960 @ 7.0% cap · market cap 5.94%
Second Best
Apartment 5plus
$157.1K
$137.5K – $183.3K
NOI $11,000 @ 7.0% cap · market cap 4.68%
Theoretical Best
Office A
$272.4K
$238.4K – $317.9K
NOI $19,071 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
884
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
Check the figures for this property
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 - Both residences are rented and configured as one-bedroom, one-bath units.
Where is this duplex located?
The property is located at 38528 9TH AVENUE Zephyrhills, FL.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Two one‑bedroom, one‑bath units; Both residences are currently rented; Approximately 1,196 heated square feet and 2,108 total square feet
