Fully Occupied Renovated
5045 GREEN KEY Road New Port Richey, FL 34652
For Sale
$279,900
MULTI_FAMILY - NEW PORT RICHEY, FL
Property Size1,205 SF
Lot Size0.27 Acres
Price / SF$232.28
Days on Market102
Property Features for 5045 GREEN KEY Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3
Bedrooms
2
Bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 1
Pets allowed
Cats OK, Dogs OK
Interior features
Thermostat
Exterior features
Fence
Fencing
Fenced
Standard status
Active
APN
05-26-16-0180-01200-0030
Size
1,205 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PORT RICHEY LAND COMPANY SUB PB 1 PG 61 S 200 FT OF E 66 FT OF TRACT 12 LESS RD R/W OR 4349 PG 967
Tax Annual Amount
1573
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Water source
Public
Building Details
Year built
1930
Building materials
Block
Roof type
Shingle, Membrane
Listing Agency:
REAL BROKER, LLC
(855) 450-0442
Listed By:
Chris Jhoda · License #3479013
(813) 388-0036
Added: Apr 17
Changed: Jul 22
Last Checked: Jul 27 at 10:06PM
MLS# TB8499091
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 fully occupied, cash-flowing duplex includes a 2-bedroom, 2-bath main residence and a detached 1-bedroom, 1-bath unit, each with private living space. The property has been renovated inside and out with new flooring, countertops, kitchen cabinet updates, and an updated bathroom. Outdoor features include a large screened-in lanai and an enclosed porch. The home sits on a 0.27-acre lot and is listed with no HOA.
Separate electric metering allows tenants to pay their own electric, while there is one shared water meter. Pre-listing due diligence has been completed, including a clean 4-point inspection and wind mitigation report, with reports and a floor plan attached in the MLS.
Major system upgrades include a brand new roof (2026), HVAC (2025), and a water heater (2025). The property is zoned R3 and is presented as a stabilized, income-producing asset.
Separate electric metering allows tenants to pay their own electric, while there is one shared water meter. Pre-listing due diligence has been completed, including a clean 4-point inspection and wind mitigation report, with reports and a floor plan attached in the MLS.
Major system upgrades include a brand new roof (2026), HVAC (2025), and a water heater (2025). The property is zoned R3 and is presented as a stabilized, income-producing asset.
Key Highlights
- Fully occupied cash‑flowing duplex with 2 bed / 2 bath main unit plus a detached 1 bed / 1 bath unit
- Renovated inside and out with new flooring, new countertops, new kitchen cabinets, and updated bathrooms
- 0.27‑acre lot with screened‑in lanai and enclosed porch
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.5k | $17.88 |
| − Vacancy | −$1.5k | −$1.21 |
| EGI | $20.1k | $16.67 |
| − OpEx | −$6.0k | −$5.00 |
| NOI | $14.1k | $11.67 |
1,205 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$200.9K
$175.8K – $234.4K
NOI $14,065 @ 7.0% cap · market cap 5.03%
Second Best
Apartment 5plus
$158.3K
$138.5K – $184.7K
NOI $11,083 @ 7.0% cap · market cap 3.96%
Theoretical Best
Office A
$274.5K
$240.2K – $320.2K
NOI $19,214 @ 7.0% cap · market cap 6.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Turnkey duplex on a 0.27-acre lot with separate electric metering, a detached 1/1 unit, and updated interiors and systems.
Where is this duplex located?
The property is located at 5045 GREEN KEY Road New Port Richey, FL.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: Fully occupied cash‑flowing duplex with 2 bed / 2 bath main unit plus a detached 1 bed / 1 bath unit; Renovated inside and out with new flooring, new countertops, new kitchen cabinets, and updated bathrooms; 0.27‑acre lot with screened‑in lanai and enclosed porch
