Pond-View Duplex with
For Sale
Under Contract
$369,900
4639 DEEP CREEK Terrace, Parrish, FL 34219
Residential, PARRISH, FL
Property Size1,525 SF
Lot Size0.12 Acres
Price / SF$242.56
Days on Market54
Property Features for 4639 DEEP CREEK Terrace
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
PD-R
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 1, Bedroom 1, Dining Room, Bathroom 2
Parking features
Guest, Open, Driveway
Patio and Porch features
Porch
Pets allowed
Yes
Interior features
Ceiling Fans(s), Eat-in Kitchen, High Ceilings, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Solid Surface Counters, Solid Wood Cabinets, Thermostat, Tray Ceiling(s), Walk-In Closet(s), Window Treatments
Exterior features
Hurricane Shutters, Lighting, Rain Gutters, Sidewalk, Sliding Doors
Appliances
Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Subdivision
SILVERLEAF PH I-D
Lot features
Landscaped, Private
View
Park, Water
Elementary school
Manatee Elementary School-MN
Middle school
Buffalo Creek Middle
High school
Parrish Community High
Directions
From 75, head north on 301, make a right into Silverleaf Community to first left onto Sand Pine Lane, to right onto Deep Creek Terrace, house is down on the right side, there is no For Sale Sign Or you can take 301 north to right onto Chin Road, make a right on Woodlake Way, to Right onto Deep Creek Terrace, house will be down on the left side.
Standard status
Active Under Contract
APN
726852659
Size
1,525 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 101 SILVERLEAF PH 1D PI#7268.5265/9
Tax Annual Amount
4987
Legal Description
LOT 101 SILVERLEAF PH 1D PI#7268.5265/9
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
gated entrance
clubhouse
heated resort-style pool and spa
fitness center
parks and playgrounds
nature trails
dog parks
picnic areas
sidewalks
Building Details
Year built
2020
Floors in Building
1
Flooring type
Carpet, Tile - Ceramic
Building materials
Block
Roof type
Shingle
Listing Agency:
RE/MAX ALLIANCE GROUP · RE/MAX International
(941) 954-5454
Listed By:
Lisa Bouck, PA · License #0628561
(941) 374-0165
Added: Jul 31
Changed: Sep 12
Last Checked: Sep 22 at 10:06PM
MLS# A4701401
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 1,525-square-foot duplex was built in 2020 and offers two bedrooms, two bathrooms, and a den. The open floor plan includes a combined living and dining area, 9'4" ceilings, a tray ceiling, and wood-look plank tile flooring. The kitchen features white cabinetry, quartz countertops, under-cabinet lighting, a designer backsplash, stainless steel appliances, and a natural gas range. A two-car garage includes epoxy flooring, ceiling-mounted storage racks rated for up to 650 lbs., and keypad entry.
The home occupies a 0.12-acre pond and preserve lot with an extended screened lanai, tinted sliding glass doors, and electric hurricane screens with remote control. Additional features include hurricane shutters, a 15 SEER HVAC system with Aeroseal ductwork and UV light, walk-in closets, vinyl blinds, and natural gas laundry appliances. Public water and public sewer serve the property, with PD-R zoning.
The gated community includes a clubhouse, heated resort-style pool and spa, fitness center, parks, playgrounds, nature trails, dog parks, picnic areas, and miles of sidewalks. The property also provides access to I-75 and is near shopping, restaurants, golf courses, entertainment, and regional beaches.
The home occupies a 0.12-acre pond and preserve lot with an extended screened lanai, tinted sliding glass doors, and electric hurricane screens with remote control. Additional features include hurricane shutters, a 15 SEER HVAC system with Aeroseal ductwork and UV light, walk-in closets, vinyl blinds, and natural gas laundry appliances. Public water and public sewer serve the property, with PD-R zoning.
The gated community includes a clubhouse, heated resort-style pool and spa, fitness center, parks, playgrounds, nature trails, dog parks, picnic areas, and miles of sidewalks. The property also provides access to I-75 and is near shopping, restaurants, golf courses, entertainment, and regional beaches.
Key Highlights
- 1,525‑square‑foot duplex built in 2020
- Two bedrooms, two bathrooms, and a den
- 0.12‑acre pond and preserve lot
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
$20,033
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
5.42%
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%
$400,660
$400.7K
Cap Rate 7%
$286,186
$286.2K
Cap Rate 9%
$222,589
$222.6K
Market Conditions
NOI Build-Up for 1,525 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
$30.2K $19.80/SF
− Vacancy
−$1.6K −$1.03/SF
EGI
$28.6K $18.77/SF
− OpEx
−$8.6K −$5.63/SF
NOI
$20.0K $13.14/SF
Area
Manatee County, FL
Vacancy
5.22%
Lease Rate
$19.80 /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%
$400,660
Cap Rate 7%
$286,186
Cap Rate 9%
$222,589
Alternative Uses
Best Use
Multifamily LT 5
$286.2K
$250.4K – $333.9K
NOI $20,033 @ 7.0% cap · market cap 5.42%
Second Best
Apartment 5plus
$263.6K
$230.7K – $307.5K
NOI $18,452 @ 7.0% cap · market cap 4.99%
Theoretical Best
Office A
$448.5K
$392.4K – $523.2K
NOI $31,392 @ 7.0% cap · market cap 8.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
154
Businesses Nearby
Explore this area
Business Placement
Demographics for 34219, FL
27,212
Population
12,570
Households
2.2
Avg Household Size
46
Median Age
40%
College-Educated
98%
High-School Grad
210.6 sq mi
ZIP Area
129
Density / Sq Mi
$104,258
Median Household Income
$53,293
Median Earnings
$1,836
Median Rent
$420,400
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
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained two-bedroom residence with an open layout, screened outdoor living, and access to gated community amenities.
Where is this duplex located?
The property is located at 4639 DEEP CREEK Terrace Parrish, FL.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: 1,525‑square‑foot duplex built in 2020; Two bedrooms, two bathrooms, and a den; 0.12‑acre pond and preserve lot
