Duplex with Screened
New
For Sale
$270,000
4920 17TH STREET, Zephyrhills, FL 33542
Two-unit property with updated finishes, private outdoor space, and alley access in Zephyrhills.
Property Size1,385 SF
Price / SF$194.95
Days on Market6
Property Features for 4920 17TH STREET
General Information
Standard status
Active
Size
1,385 SF
Property subtype
Duplex
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
2
Amenities
laundry room
storage area
screened-in porch
fenced yard
Building Details
Year Built
1954
Buildings
1
Listing Agency:
LPT REALTY, LLC
(877) 366-2213
Listed By:
Keegan Siegfried · License #3293169
(813) 670-7226
Source:
Dennisrealty
Added: Sep 9
Changed: Sep 13
Last Checked: Sep 13 at 2:48PM
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 LPT REALTY, LLC
Investment Insights
Based on property information with market context.
This 1,385-square-foot duplex was built in 1954 and includes a front residence with 1 bedroom, 1 bath, and approximately 385 square feet. Recent improvements include a newer roof, newer flooring, and a water heater that is a few years old. The property also offers a dedicated laundry room, storage area, screened porch, and a large fenced yard with access from the rear alley.
The property is located near Zephyr Park and Skydive City, with access to US-301. Wesley Chapel, downtown Zephyrhills, and Tampa are identified as nearby destinations for shopping, dining, and entertainment. The configuration supports use as a residence with additional income potential or as a two-unit investment property.
The property is located near Zephyr Park and Skydive City, with access to US-301. Wesley Chapel, downtown Zephyrhills, and Tampa are identified as nearby destinations for shopping, dining, and entertainment. The configuration supports use as a residence with additional income potential or as a two-unit investment property.
Key Highlights
- 1,385‑square‑foot duplex built in 1954
- Front unit includes 1 bedroom, 1 bath, and approximately 385 sq ft
- Newer roof and newer flooring
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
$16,166
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
5.99%
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%
$323,320
$323.3K
Cap Rate 7%
$230,943
$230.9K
Cap Rate 9%
$179,622
$179.6K
Market Conditions
NOI Build-Up for 1,385 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
$24.8K $17.88/SF
− Vacancy
−$1.7K −$1.21/SF
EGI
$23.1K $16.67/SF
− OpEx
−$6.9K −$5.00/SF
NOI
$16.2K $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%
$323,320
Cap Rate 7%
$230,943
Cap Rate 9%
$179,622
Alternative Uses
Best Use
Multifamily LT 5
$230.9K
$202.1K – $269.4K
NOI $16,166 @ 7.0% cap · market cap 5.99%
Second Best
Apartment 5plus
$182.0K
$159.2K – $212.3K
NOI $12,738 @ 7.0% cap · market cap 4.72%
Theoretical Best
Office A
$315.5K
$276.1K – $368.1K
NOI $22,085 @ 7.0% cap · market cap 8.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with updated finishes, private outdoor space, and alley access in Zephyrhills.
Where is this duplex located?
The property is located at 4920 17TH STREET Zephyrhills, FL.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: 1,385‑square‑foot duplex built in 1954; Front unit includes 1 bedroom, 1 bath, and approximately 385 sq ft; Newer roof and newer flooring
