R3-Zoned Multifamily
New
For Sale
$354,900
4845 16TH STREET, Zephyrhills, FL 33542
Two-level? No source. Let's not invent. Central air and a fully equipped kitchen support residential use.
Property Size2,112 SF
Price / SF$168.04
Days on Market6
Property Features for 4845 16TH STREET
General Information
Standard status
Active
Size
2,112 SF
Property subtype
Residential Income
Zoning
R3
Taxes and HOA fees
Annual Taxes
$5,540
Amenities
Street Lights
Central Air
Central, Electric
Dishwasher, Disposal, Electric Water Heater, Exhaust Fan, Microwave, Range, Refrigerator
Building Details
Year Built
1986
Listing Agency:
(727) 543-9777
Listed By:
Damian Kondrotas
(727) 543-9777
Source:
Evrealestate
Added: Jul 30
Changed: Aug 2
Last Checked: Aug 4 at 5:25AM
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 Damian Kondrotas
Investment Insights
Based on property information with market context.
This multifamily property at 4845 16th Street includes central air and a kitchen equipped with a dishwasher, disposal, electric water heater, exhaust fan, microwave, range, and refrigerator. The property was built in 1986 and carries R3 zoning.
Access is provided from US301 via C Avenue and 16th Street, with the property located in Zephyrhills, Pasco County. The recorded property size is 2,112, though the source does not specify the unit of measurement.
Access is provided from US301 via C Avenue and 16th Street, with the property located in Zephyrhills, Pasco County. The recorded property size is 2,112, though the source does not specify the unit of measurement.
Key Highlights
- R3 zoning designation
- Built in 1986
- Central air conditioning
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.0k | $18.00 |
| − Vacancy | −$2.7k | −$1.28 |
| EGI | $35.3k | $16.72 |
| − OpEx | −$15.9k | −$7.52 |
| NOI | $19.4k | $9.20 |
2,112 SF · lease $18.00/SF/yr · vacancy 7.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$277.5K
$242.8K – $323.7K
NOI $19,424 @ 7.0% cap · market cap 5.47%
Second Best
—
—
no second resolved use
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.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
847
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
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?
Multifamily property - Two-level? No source. Let's not invent. Central air and a fully equipped kitchen support residential use.
Where is this multifamily property located?
The property is located at 4845 16TH STREET Zephyrhills, FL.
What is the asking price?
The asking price for this property is $354,900.
What are key features of this property?
This property features: R3 zoning designation; Built in 1986; Central air conditioning
