Updated Duplex with Rental
For Sale
$415,000
4917 18TH STREET, Zephyrhills, FL 33542
Two occupied residences offer an income-producing multifamily asset with recent major improvements.
Property Size2,030 SF
Price / SF$204.43
Days on Market66
Property Features for 4917 18TH STREET
General Information
Standard status
Active
Size
2,030 SF
Property subtype
Duplex
Occupancy
100%
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Building Details
Year Built
2006
Buildings
1
Tenancy
Multi
Listing Agency:
EZ CHOICE REALTY
(813) 653-9676
Listed By:
Ping Chiu · License #3456634
(813) 846-3683
Source:
Dennisrealty
Added: Aug 21
Changed: Oct 23
Last Checked: Oct 24 at 5:51PM
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 EZ CHOICE REALTY
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Investment Insights
Based on property information with market context.
This 2006 duplex contains two 3-bedroom, 1-bath residences totaling approximately 2,030 square feet of living area. The property has received significant updates, including a roof replacement approximately two years ago and new air-conditioning systems. Both units are tenant-occupied, providing an established residential rental setup for a new owner.
Public water and sewer serve the property, and no HOA applies. The duplex is located near Downtown Zephyrhills with access to US-301 and SR-54, connecting the property to established local routes and nearby community destinations.
Public water and sewer serve the property, and no HOA applies. The duplex is located near Downtown Zephyrhills with access to US-301 and SR-54, connecting the property to established local routes and nearby community destinations.
Key Highlights
- Two 3‑bedroom, 1‑bath units
- Approximately 2,030 sq. ft. of total living space
- Roof replaced approximately two years ago
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,695
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$473,900
$473.9K
Cap Rate 7%
$338,500
$338.5K
Cap Rate 9%
$263,278
$263.3K
Market Conditions
NOI Build-Up for 2,030 SF
Gross rent
$36.3K $17.88/SF
− Vacancy
−$2.4K −$1.21/SF
EGI
$33.9K $16.67/SF
− OpEx
−$10.2K −$5.00/SF
NOI
$23.7K $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%
$473,900
Cap Rate 7%
$338,500
Cap Rate 9%
$263,278
Alternative Uses
Best Use
Multifamily LT 5
$338.5K
$296.2K – $394.9K
NOI $23,695 @ 7.0% cap · market cap 5.71%
Second Best
Apartment 5plus
$266.7K
$233.4K – $311.2K
NOI $18,670 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$462.4K
$404.6K – $539.5K
NOI $32,370 @ 7.0% cap · market cap 7.80%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
659
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two occupied residences offer an income-producing multifamily asset with recent major improvements.
Where is this duplex located?
The property is located at 4917 18TH STREET Zephyrhills, FL.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Two 3‑bedroom, 1‑bath units; Approximately 2,030 sq. ft. of total living space; Roof replaced approximately two years ago
