New
For Sale
$355,000
4829 16TH STREET, Zephyrhills, FL 33542
Two separately metered units offer distinct layouts and updated interiors in one block-construction property.
Property Size2,112 SF
Price / SF$168.09
Days on Market7
Property Features for 4829 16TH STREET
General Information
Standard status
Active
Size
2,112 SF
Property subtype
Duplex
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/2BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Amenities
off-street parking
0.15 acres
Shingle
Public Sewer
Additional parcels description:, Parcel Number: 14-26-21-0010-02000-0060, Public Survey Range: 21E, Public Survey Section: 14, Annual Amount: $5,458.27, Tax Block: 20, Tax Book Number: 1-57, Legal Description: MOORE'S FIRST ADDITION TO ZEPHYRHILLS PB 1 PG 57 LOT 6 BLOCK 20 OR 9776 PG 3077, Lot: 6, Year: 2025, Zoning: R3
Gross Income: $34,800
Central Air
Central, Electric
Electric Dryer Hookup, Inside, Laundry Room, Washer Hookup
Listing ID: MFRTB8561946, Standard Status: Active, MLS Status: Active, Property Subtype: Duplex, On market as of 2026-10-27, 1 day on market, Special Conditions: None
Blinds
5 total bedrooms
Built in 1985, Living area: 2112, Living area units: Square Feet, Levels: One, Construction Materials: Block, Stucco
Subdivision: MOORES, MLS Area (Major): 33542 - Zephyrhills, County/Parish: Pasco
Completed
3 total bathrooms
Street Lights
Cable Connected, Electricity Connected, Public, Sewer Connected, Water - Multiple Meters, Water Connected, Water Source: Public, 2 separate electric meters, 2 separate water meters
Slab
Close Of Escrow
Road Responsibility: Public Maintained Road, Road Surface: Asphalt
Ceiling Fans(s), Solid Surface Counters, Split Bedroom, Stone Counters, Thermostat, Window Treatments
Other equipment: None
Building Details
Year Built
1985
Buildings
1
Construction
block construction
Tenancy
Multi
Listing Agency:
PHILLIP SCOTT MANAGEMENT & INV
(727) 712-6073
Listed By:
Damian Kondrotas · License #3425108
(727) 543-9777
Source:
Miharaandassociates
Added: Oct 27
Changed: Nov 1
Last Checked: Nov 1 at 5:45AM
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 PHILLIP SCOTT MANAGEMENT & INV
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Investment Insights
Based on property information with market context.
Built in 1985, this 2,112-square-foot block-construction duplex contains two residential units: one with 2 bedrooms and 1 bathroom, and another with 3 bedrooms and 2 bathrooms. The smaller unit has tile flooring throughout, a 2015 water heater, and a 2016 air conditioning system. The larger unit received interior renovations in 2026, including kitchen cabinets, stone countertops, luxury vinyl plank flooring, and bathroom vanities.
The roof was replaced in 2020. Both units are individually metered, and the property has off-street parking.
The roof was replaced in 2020. Both units are individually metered, and the property has off-street parking.
Key Highlights
- 2,112‑square‑foot block‑construction duplex built in 1985
- Two units: one 2‑bedroom, 1‑bathroom unit and one 3‑bedroom, 2‑bathroom unit
- Larger unit renovated in 2026 with kitchen cabinets, stone countertops, luxury vinyl plank flooring, and bathroom vanities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,652
Cap Rate
6.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$493,040
$493.0K
Cap Rate 7%
$352,171
$352.2K
Cap Rate 9%
$273,911
$273.9K
Market Conditions
NOI Build-Up for 2,112 SF
Gross rent
$37.8K $17.88/SF
− Vacancy
−$2.5K −$1.21/SF
EGI
$35.2K $16.67/SF
− OpEx
−$10.6K −$5.00/SF
NOI
$24.7K $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%
$493,040
Cap Rate 7%
$352,171
Cap Rate 9%
$273,911
Alternative Uses
Best Use
Multifamily LT 5
$352.2K
$308.2K – $410.9K
NOI $24,652 @ 7.0% cap · market cap 6.94%
Second Best
Apartment 5plus
$277.5K
$242.8K – $323.7K
NOI $19,424 @ 7.0% cap · market cap 5.47%
Theoretical Best
Office A
$481.1K
$421.0K – $561.3K
NOI $33,677 @ 7.0% cap · market cap 9.49%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
674
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separately metered units offer distinct layouts and updated interiors in one block-construction property.
Where is this duplex located?
The property is located at 4829 16TH STREET Zephyrhills, FL.
What is the asking price?
The asking price for this property is $355,000.
What are key features of this property?
This property features: 2,112‑square‑foot block‑construction duplex built in 1985; Two units: one 2‑bedroom, 1‑bathroom unit and one 3‑bedroom, 2‑bathroom unit; Larger unit renovated in 2026 with kitchen cabinets, stone countertops, luxury vinyl plank flooring, and bathroom vanities
