Remodeled Duplex with Fenced
For Sale
$299,000
4424 Terry Loop, New Port Richey, FL 34652
Two updated rental units offer separate layouts, individual air conditioning, and shared access to an indoor laundry area.
Property Size1,294 SF
Price / SF$231.07
Days on Market427
Property Features for 4424 Terry Loop
General Information
Standard status
Active
Size
1,294 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,572
Amenities
indoor washer and dryer
fenced in back
Listing Agency:
HOUSE HUNTIN REALTY LLC
(727) 848-2560
Listed By:
Robin Barrus · License #SL3137162
(727) 808-0195
Source:
Exprealty
Added: Aug 28, 2025
Changed: Oct 25
Last Checked: Oct 26 at 4:46PM
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 HOUSE HUNTIN REALTY LLC
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Investment Insights
Based on property information with market context.
This duplex contains two remodeled residences: a front unit with 2 bedrooms and 1 bath, and a rear unit with 1 bedroom and 1 bath. Each unit has its own air-conditioning system, while the front residence includes access to an indoor washer and dryer. The property also includes a fenced rear area and measures 1,294 square feet.
Located in New Port Richey outside the city limits, the property is near dining and shopping. The owner currently pays for water, electric service, garbage, and lawn care. Both units are awaiting lease renewals.
Located in New Port Richey outside the city limits, the property is near dining and shopping. The owner currently pays for water, electric service, garbage, and lawn care. Both units are awaiting lease renewals.
Key Highlights
- Two‑unit duplex with 1,294 square feet of property size
- Front residence offers 2 bedrooms and 1 bath
- Rear residence provides 1 bedroom and 1 bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,104
Cap Rate
5.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$302,080
$302.1K
Cap Rate 7%
$215,771
$215.8K
Cap Rate 9%
$167,822
$167.8K
Market Conditions
NOI Build-Up for 1,294 SF
Gross rent
$23.1K $17.88/SF
− Vacancy
−$1.6K −$1.21/SF
EGI
$21.6K $16.67/SF
− OpEx
−$6.5K −$5.00/SF
NOI
$15.1K $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%
$302,080
Cap Rate 7%
$215,771
Cap Rate 9%
$167,822
Alternative Uses
Best Use
Multifamily LT 5
$215.8K
$188.8K – $251.7K
NOI $15,104 @ 7.0% cap · market cap 5.05%
Second Best
Apartment 5plus
$170.0K
$148.8K – $198.4K
NOI $11,901 @ 7.0% cap · market cap 3.98%
Theoretical Best
Office A
$294.8K
$257.9K – $343.9K
NOI $20,634 @ 7.0% cap · market cap 6.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,069
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two updated rental units offer separate layouts, individual air conditioning, and shared access to an indoor laundry area.
Where is this duplex located?
The property is located at 4424 Terry Loop New Port Richey, FL.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,294 square feet of property size; Front residence offers 2 bedrooms and 1 bath; Rear residence provides 1 bedroom and 1 bath
