Updated Two-Unit
For Sale
$415,000
4933 5TH STREET, Zephyrhills, FL 33542
Two residential units with separate A/C systems, public utilities, and no HOA provide a straightforward multifamily configuration.
Property Size2,001 SF
Price / SF$207.40
Days on Market9
Property Features for 4933 5TH STREET
General Information
Standard status
Active
Size
2,001 SF
Property subtype
Duplex
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Amenities
0.15 acres
Shingle
Public Sewer
Additional parcels description:, Parcel Number: 21-26-14-001.0-011.00-004.0, Public Survey Range: 21E, Public Survey Section: 14, Annual Amount: $7,262.5, Tax Block: 11, Tax Book Number: 1-57, Legal Description: MOORES ADD PB 1 PG 57 LOT 4 BLOCK 11, Lot: 4, Year: 2025, Zoning: R3
Ceramic Tile
Central Air
Central, Electric
Inside
Listing ID: MFRTB8540642, Standard Status: Active, MLS Status: Active, Property Subtype: Duplex, On market as of 2026-08-21, 1 day on market, Special Conditions: None
Driveway
6 total bedrooms
Built in 2007, Living area: 2001, Living area units: Square Feet, Construction Materials: Vinyl Siding
Subdivision: MOORES ADD, MLS Area (Major): 33542 - Zephyrhills, County/Parish: Pasco
2 total bathrooms
Electricity Connected, Sewer Connected, Water Connected, Water Source: Public, 2 separate electric meters, 2 separate water meters
Slab
Road Surface: Asphalt
Ninguno
Range, Refrigerator, Other equipment: None
Building Details
Year Built
2007
Listing Agency:
EZ CHOICE REALTY
(813) 653-9676
Listed By:
Ping Chiu · License #3456634
Source:
Miharaandassociates
Added: Aug 21
Changed: Aug 28
Last Checked: Aug 23 at 6:48AM
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
Investment Insights
Based on property information with market context.
Built in 2007, this duplex contains two 3-bedroom, 1-bath units with approximately 2,001 sq. ft. of total living space. The property has received recent capital improvements, including a roof replacement approximately two years ago and new A/C systems installed this year.
Public water and sewer serve the property, and there is no HOA. The duplex is near Downtown Zephyrhills, with access to US-301 and SR-54.
Public water and sewer serve the property, and there is no HOA. The duplex is near Downtown Zephyrhills, with access to US-301 and SR-54.
Key Highlights
- Two 3‑bedroom, 1‑bath units
- Approximately 2,001 sq. ft. of total living space
- 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
$23,357
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
5.63%
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%
$467,140
$467.1K
Cap Rate 7%
$333,671
$333.7K
Cap Rate 9%
$259,522
$259.5K
Market Conditions
NOI Build-Up for 2,001 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
$35.8K $17.88/SF
− Vacancy
−$2.4K −$1.21/SF
EGI
$33.4K $16.67/SF
− OpEx
−$10.0K −$5.00/SF
NOI
$23.4K $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%
$467,140
Cap Rate 7%
$333,671
Cap Rate 9%
$259,522
Alternative Uses
Best Use
Multifamily LT 5
$333.7K
$292.0K – $389.3K
NOI $23,357 @ 7.0% cap · market cap 5.63%
Second Best
Apartment 5plus
$262.9K
$230.0K – $306.7K
NOI $18,403 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$455.8K
$398.8K – $531.8K
NOI $31,907 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
673
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?
Duplex - Two residential units with separate A/C systems, public utilities, and no HOA provide a straightforward multifamily configuration.
Where is this duplex located?
The property is located at 4933 5TH 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 2,001 sq. ft. of total living space; Roof replaced approximately two years ago
