Duplex with Updated
New
For Sale
$415,000
4917 18TH Street, Zephyrhills, FL 33542
Residential Income, ZEPHYRHILLS, FL
Property Size2,030 SF
Lot Size0.15 Acres
Price / SF$204.43
Days on Market2
Property Features for 4917 18TH Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 5, Bedroom 2, Bedroom 6, Bathroom 2, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 1
Interior features
Ninguno
Appliances
Range, Refrigerator
Subdivision
MOORES 1 ADD ZEPHYRHILLS
Directions
US-301 head north, turn right onto C Ave, then turn left onto 18th Ave, go past A Ave, the property on your left.
Standard status
Active
APN
21-26-14-001.0-003.00-007.0
Size
2,030 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
MOORE'S FIRST ADDITION PB 1 PG 57 LOT 7 BLOCK 3
Tax Annual Amount
5061
Legal Description
MOORE'S FIRST ADDITION PB 1 PG 57 LOT 7 BLOCK 3
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2006
Floors in Building
1
Flooring type
Tile - Ceramic
Building materials
Vinyl Siding
Roof type
Shingle
Listing Agency:
EZ CHOICE REALTY
(813) 653-9676
Listed By:
Ping Chiu · License #3456634
(813) 846-3683
Added: Aug 21
Changed: Aug 22
Last Checked: Aug 22 at 7:06PM
MLS# TB8540572
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 duplex contains two tenant-occupied units, each with three bedrooms and one bathroom, for approximately 2,030 square feet of total living area. The property was built in 2006 and includes ceramic tile flooring, vinyl siding, shingle roofing, electric central heat, central air conditioning, ranges, and refrigerators. The roof was replaced approximately two years ago, and both units have brand-new A/C systems.
Public water and public sewer serve the property, and there is no HOA. The duplex is located near Downtown Zephyrhills with access to US-301 and SR-54. Zoned R3, the property offers an existing two-unit residential configuration with both residences occupied by tenants.
Public water and public sewer serve the property, and there is no HOA. The duplex is located near Downtown Zephyrhills with access to US-301 and SR-54. Zoned R3, the property offers an existing two-unit residential configuration with both residences occupied by tenants.
Key Highlights
- Two 3‑bedroom, 1‑bath units with approximately 2,030 sq. ft. of total living space
- Both units are tenant‑occupied
- Roof replaced approximately two years ago
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
$23,695
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
5.71%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
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
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 - Tenant-occupied duplex with refreshed roofing, new central air systems, public utilities, and no HOA.
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 with approximately 2,030 sq. ft. of total living space; Both units are tenant‑occupied; Roof replaced approximately two years ago
