Renovated Duplex with Storage
For Sale
$310,000
5374/5376 SCHOOL ROAD, New Port Richey, FL 34652
Two rental units include refreshed interiors and a backyard shed with laundry hookups.
Property Size1,484 SF
Price / SF$208.89
Days on Market22
Property Features for 5374/5376 SCHOOL ROAD
General Information
Standard status
Active
Size
1,484 SF
Property subtype
Duplex
Building Details
Year Built
1979
Listing Agency:
COLDWELL BANKER REALTY
(813) 286-6563
Listed By:
Steven Noyes · License #3497039
(727) 364-6857
Source:
Dennisrealty
Added: Sep 25
Changed: Oct 16
Last Checked: Oct 16 at 9:28AM
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 COLDWELL BANKER REALTY
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1979 duplex contains 1,484 square feet across two units. Recent exterior work includes a new roof with hurricane-force shingles and a transferable warranty, along with fresh paint. Interior updates include new paint, doors, and electrical receptacles throughout; both bathrooms have remodeled vanities, toilets, and lighting. Unit 5374 also has replacement windows and a renovated kitchen with new cabinetry and countertops.
A backyard shed provides storage and washer/dryer hookups. The property is located near downtown New Port Richey.
A backyard shed provides storage and washer/dryer hookups. The property is located near downtown New Port Richey.
Key Highlights
- 1,484‑square‑foot duplex built in 1979
- New roof with hurricane‑force shingles and transferable warranty
- Both bathrooms updated with new vanities, toilets, and lighting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,322
Cap Rate
5.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$346,440
$346.4K
Cap Rate 7%
$247,457
$247.5K
Cap Rate 9%
$192,467
$192.5K
Market Conditions
NOI Build-Up for 1,484 SF
Gross rent
$26.5K $17.88/SF
− Vacancy
−$1.8K −$1.21/SF
EGI
$24.7K $16.67/SF
− OpEx
−$7.4K −$5.00/SF
NOI
$17.3K $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 Rate 5%
$346,440
Cap Rate 7%
$247,457
Cap Rate 9%
$192,467
Alternative Uses
Best Use
Multifamily LT 5
$247.5K
$216.5K – $288.7K
NOI $17,322 @ 7.0% cap · market cap 5.59%
Second Best
Apartment 5plus
$195.0K
$170.6K – $227.5K
NOI $13,648 @ 7.0% cap · market cap 4.40%
Theoretical Best
Office A
$338.0K
$295.8K – $394.4K
NOI $23,663 @ 7.0% cap · market cap 7.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,171
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two rental units include refreshed interiors and a backyard shed with laundry hookups.
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: 1,484‑square‑foot duplex built in 1979; New roof with hurricane‑force shingles and transferable warranty; Both bathrooms updated with new vanities, toilets, and lighting
