Duplex with Updated
5374/5376 SCHOOL Road, New Port Richey, FL 34652
For Sale
$310,000
Residential Income, NEW PORT RICHEY, FL
Property Size1,484 SF
Lot Size0.15 Acres
Price / SF$208.89
Days on Market50
Property Features for 5374/5376 SCHOOL Road
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Patio and Porch features
Pets allowed
Interior features
Exterior features
Fencing
Appliances
Subdivision
Lot features
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
storage shed
washer/dryer hookup
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
COLDWELL BANKER REALTY
(813) 286-6563
Listed By:
Steven Noyes · License FL #3497039
(727) 364-6857
Added: Sep 22
Changed: Nov 10
Last Checked: Nov 10 at 10:06PM
MLS# TB8551173
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.
This 1,484-square-foot duplex sits on a 0.15-acre lot and was built in 1979. Recent work includes a new shingle roof with hurricane-force shingles and a transferable warranty, fresh exterior and interior paint, new doors and electrical receptacles, and remodeled bathrooms with new vanities, toilets, and lighting. Unit 5374 also has new windows and a remodeled kitchen with new cabinets and countertop.
A backyard shed provides storage and includes washer and dryer connections. The property has MF1 zoning, central air, electric heat, public water, and public sewer.
A backyard shed provides storage and includes washer and dryer connections. The property has MF1 zoning, central air, electric heat, public water, and public sewer.
Key Highlights
- Two‑unit duplex with 1,484 square feet on a 0.15‑acre lot
- New shingle roof with hurricane‑force shingles and transferable warranty
- Unit 5374 has new windows and a remodeled kitchen with new cabinets and countertop
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,715
Cap Rate
6.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$374,300
$374.3K
Cap Rate 7%
$267,357
$267.4K
Cap Rate 9%
$207,944
$207.9K
Market Conditions
NOI Build-Up for 1,484 SF
Gross rent
$29.7K $20.04/SF
− Vacancy
−$3.0K −$2.02/SF
EGI
$26.7K $18.02/SF
− OpEx
−$8.0K −$5.40/SF
NOI
$18.7K $12.61/SF
Area
Pasco County, FL
Vacancy
10.10%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$374,300
Cap Rate 7%
$267,357
Cap Rate 9%
$207,944
Alternative Uses
Best Use
Multifamily LT 5
$267.4K
$233.9K – $311.9K
NOI $18,715 @ 7.0% cap · market cap 6.04%
Second Best
Apartment 5plus
$253.7K
$222.0K – $296.0K
NOI $17,757 @ 7.0% cap · market cap 5.73%
Theoretical Best
Office A
$462.8K
$405.0K – $540.0K
NOI $32,397 @ 7.0% cap · market cap 10.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,171
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
$198,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in New Port Richey, FL
Properties on Market for Duplexes in New Port Richey
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The two-unit property includes a detached storage shed with washer and dryer connections.
Where is this duplex located?
The property is located at 5374/5376 SCHOOL Road New Port Richey, FL.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,484 square feet on a 0.15‑acre lot; New shingle roof with hurricane‑force shingles and transferable warranty; Unit 5374 has new windows and a remodeled kitchen with new cabinets and countertop
