New Port Colony Multifamily
For Sale
$2,700,000
4954 BITNER Street, New Port Richey, FL 34652
Residential Income, NEW PORT RICHEY, FL
Property Size801 SF
Price / SF$3,370
Days on Market171
Property Features for 4954 BITNER Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
MF1
Bedrooms
53
Bathrooms
40
Full bathrooms
40
Rooms
Bathroom 40, Bedroom 7, Bathroom 34, Bathroom 9, Bedroom 51, Bedroom 33, Bedroom 12, Bathroom 13, Bathroom 8, Bedroom 2, Bathroom 19, Bedroom 14, Bathroom 7, Bedroom 22, Bathroom 27, Bedroom 38, Bedroom 45, Bathroom 37, Bedroom 9, Bedroom 43, Bedroom 41, Bathroom 39, Bedroom 3, Bedroom 31, Bedroom 48, Bedroom 6, Bedroom 10, Bedroom 39, Bathroom 35, Bedroom 35, Bedroom 23, Bedroom 18, Bathroom 15, Bedroom 8, Bathroom 18, Bathroom 12, Bedroom 15, Bathroom 24, Bathroom 32, Bathroom 38, Bedroom 34, Bedroom 21, Bathroom 28, Bedroom 46, Bedroom 5, Bathroom 36, Bedroom 24, Bedroom 4, Bathroom 20, Bedroom 53, Bathroom 29, Bedroom 47, Bathroom 2, Bedroom 36, Bedroom 28, Bathroom 26, Bathroom 25, Bathroom 21, Bathroom 33, Bathroom 14, Bedroom 44, Bathroom 5, Bedroom 27, Bedroom 17, Bedroom 37, Bathroom 22, Bedroom 25, Bathroom 1, Bathroom 11, Bathroom 30, Bedroom 29, Bedroom 40, Bedroom 1, Bedroom 11, Bedroom 32, Bedroom 30, Bedroom 16, Bathroom 4, Bathroom 10, Bathroom 17, Bedroom 20, Bedroom 50, Bathroom 23, Bathroom 3, Bedroom 13, Bedroom 49, Bathroom 6, Bathroom 16, Bedroom 42, Bathroom 31, Bedroom 19, Bedroom 26, Bedroom 52
Pets allowed
Dogs OK, Yes
Pool private
1
Interior features
Ceiling Fans(s)
Appliances
Dryer, Refrigerator, Washer
Subdivision
NEW PORT COLONY
Directions
US 19 west Marine. Right on Parkway
Standard status
Active
APN
16-26-07-014.D-025.01-016.0
Size
801 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
NEW PORT COLONY FIFTH WAY UNREC PLAT PCL 1016 BLOCK 25 DESC AS:COM AT SE COR OF SEC TH N01DEG21'15"E 1641.91 FT TH S89DEG56' 13"W 224.57 FT TH N00DEG03' 47"W 168.65 FT FOR POB TH N89DEG38' 45"W 28 FT TH N00DEG21' 15"E 22.67 FT TH S89 DEG38' 45"E 13.3 3 FT TH N00DEG 21' 15"E 13.33 FT TH S89DEG38' 45"E 28 FT TH S00DEG21' 15"W 13.33 FT TH N89DEG38' 45"W 13.33 FT TH S00DEG21' 15"W 22.67 FT TO POB (X)
Tax Annual Amount
1080
Legal Description
NEW PORT COLONY FIFTH WAY UNREC PLAT PCL 1016 BLOCK 25 DESC AS:COM AT SE COR OF SEC TH N01DEG21'15"E 1641.91 FT TH S89DEG56' 13"W 224.57 FT TH N00DEG03' 47"W 168.65 FT FOR POB TH N89DEG38' 45"W 28 FT TH N00DEG21' 15"E 22.67 FT TH S89 DEG38' 45"E 13.3 3 FT TH N00DEG 21' 15"E 13.33 FT TH S89DEG38' 45"E 28 FT TH S00DEG21' 15"W 13.33 FT TH N89DEG38' 45"W 13.33 FT TH S00DEG21' 15"W 22.67 FT TO POB (X)
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
pool
shuffleboard
central heating and air
washer/dryer hookups
Building Details
Year built
1973
Floors in Building
1
Flooring type
Tile - Ceramic, Tile, Carpet
Building materials
Block, Stucco
Roof type
Shingle
Listing Agency:
RE/MAX MARKETING SPECIALISTS · RE/MAX International
(727) 853-7801
Listed By:
Nicholas Vavoulis
(727) 234-3743
Added: May 4
Changed: Oct 20
Last Checked: Oct 21 at 10:06AM
MLS# W7885450
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.
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Investment Insights
Based on property information with market context.
New Port Colony is a 36-unit multifamily community designated for residents 55 and older. The unit mix includes 19 one-bedroom/one-bath homes, 13 two-bedroom/one-bath homes, and 4 two-bedroom/two-bath homes. Each residence has a private garage with washer and dryer hookups, along with central heating and central air conditioning. Interior improvements include ceramic tile and carpet flooring, refrigerators, dryers, washers, and ceiling fans.
Community amenities include a private pool and shuffleboard area. The property was built in 1973 and includes block and stucco construction, shingle roofing, public water, public sewer, and cable availability. Located at 4954 Bitner Street in New Port Richey, the property is zoned MF1 and offers a 10% cap rate.
Community amenities include a private pool and shuffleboard area. The property was built in 1973 and includes block and stucco construction, shingle roofing, public water, public sewer, and cable availability. Located at 4954 Bitner Street in New Port Richey, the property is zoned MF1 and offers a 10% cap rate.
Key Highlights
- 36‑unit multifamily community for residents 55 and older
- Unit mix: 19 one‑bedroom/one‑bath, 13 two‑bedroom/one‑bath, and 4 two‑bedroom/two‑bath homes
- Every unit includes a private garage with washer and dryer hookups
Property Analytics
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Lease Details
36
Residential units
Location Intelligence
Trade Area within ½ mile
1,082
Businesses Nearby
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Business Placement
Demographics for 34652, FL
26,697
Population
14,700
Households
1.8
Avg Household Size
51
Median Age
20%
College-Educated
88%
High-School Grad
8.6 sq mi
ZIP Area
3,104
Density / Sq Mi
$52,396
Median Household Income
$36,819
Median Earnings
$1,189
Median Rent
$198,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Updated age-restricted residences feature individual garages, in-unit laundry hookups, central climate control, and shared recreational amenities.
Where is this apartment building located?
The property is located at 4954 BITNER Street New Port Richey, FL.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: 36‑unit multifamily community for residents 55 and older; Unit mix: 19 one‑bedroom/one‑bath, 13 two‑bedroom/one‑bath, and 4 two‑bedroom/two‑bath homes; Every unit includes a private garage with washer and dryer hookups
