Duplex With Fenced
For Sale
$270,000
4920 17TH Street, Zephyrhills, FL 33542
Residential Income, ZEPHYRHILLS, FL
Property Size1,385 SF
Lot Size0.18 Acres
Price / SF$194.95
Days on Market8
Property Features for 4920 17TH Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 2
Pets allowed
Yes
Interior features
Ceiling Fans(s)
Exterior features
Lighting, Rain Gutters
Appliances
Dryer, Microwave, Range, Refrigerator, Washer
Subdivision
MOORES
Directions
From US-301: N/Gall Blvd. Turn rto go East onto South Ave. Turn right onto 17th St. The destination will be on the left.
Standard status
Active
APN
21-26-14-001.0-003.00-011.0
Size
1,385 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
MOORE'S FIRST ADDITION PB 1 PG 57 LOT 11 & THE NORTH 10 FT OF LOT 10 BLOCK 3
Tax Annual Amount
4707
Legal Description
MOORE'S FIRST ADDITION PB 1 PG 57 LOT 11 & THE NORTH 10 FT OF LOT 10 BLOCK 3
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
laundry room
storage area
screened-in porch
fenced yard
Building Details
Year built
1954
Floors in Building
1
Flooring type
Tile - Ceramic, Laminate, Vinyl
Building materials
Metal Siding, Frame
Roof type
Shingle
Listing Agency:
LPT REALTY, LLC
(877) 366-2213
Listed By:
Keegan Siegfried · License #3293169
(813) 670-7226
Added: Sep 2
Changed: Sep 9
Last Checked: Sep 9 at 6:06PM
MLS# TB8545113
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 1,385 square feet on a 0.18-acre lot and was built in 1954. The front unit provides one bedroom, one bathroom, and approximately 385 square feet. Property features include a screened-in porch, dedicated laundry room, storage area, and a fenced yard with access from the rear alley. A newer roof, updated flooring, and a water heater installed a few years ago add to the property's existing improvements.
The property is located at 4920 17TH Street in Zephyrhills, with proximity to Zephyr Park, Skydive City, US-301, downtown Zephyrhills, Wesley Chapel, and Tampa. Public water and public sewer serve the property, with central heating and central air conditioning. Additional features include ceiling fans, rain gutters, exterior lighting, and appliances including a washer, dryer, range, refrigerator, and microwave.
The property is located at 4920 17TH Street in Zephyrhills, with proximity to Zephyr Park, Skydive City, US-301, downtown Zephyrhills, Wesley Chapel, and Tampa. Public water and public sewer serve the property, with central heating and central air conditioning. Additional features include ceiling fans, rain gutters, exterior lighting, and appliances including a washer, dryer, range, refrigerator, and microwave.
Key Highlights
- 1,385‑square‑foot duplex on a 0.18‑acre lot
- Front unit includes 1 bedroom, 1 bathroom, and approximately 385 square feet
- R3 zoning with public water and public sewer
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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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?
Duplex - R3-zoned duplex with updated flooring, central systems, screened porch, laundry room, and rear alley access.
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 on a 0.18‑acre lot; Front unit includes 1 bedroom, 1 bathroom, and approximately 385 square feet; R3 zoning with public water and public sewer
