Renovated Duplex With Fenced
For Sale
$435,000
5422 AMY LN, New Port Richey, FL 34652
Two matching units offer open layouts, private fenced yards, laundry rooms, and parking for four vehicles.
Property Size2,048 SF
Days on Market14
Property Features for 5422 AMY LN
General Information
Standard status
Active
Size
2,048 SF
Net Rentable
2,050 SF
Total Parking Spaces
4
Property subtype
Duplex
Units
Unit Mix
2BR/2BA, 2BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,248
Building Details
Building Size
2,048 SF
Year Built
1981
Buildings
1
Listing Agency:
FUTURE HOME REALTY INC
(727) 784-7488
Listed By:
Robert McDugald · License #599766
Source:
Kingofrealestate
Added: Jul 29
Changed: Aug 10
Last Checked: Aug 10 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 FUTURE HOME REALTY INC
Investment Insights
Based on property information with market context.
Built in 1981, this duplex contains two matching residences, each with 2 bedrooms, 2 full bathrooms, and 1,025 sq ft of heated and cooled living space. Both layouts include an open living arrangement, an eat-in kitchen, a spacious great room, generously sized bedrooms, a primary suite with a walk-in closet, and an interior laundry room. Each unit also has a private fenced backyard, while storage sheds are included with the sale.
The property has a new roof covering the entire duplex and a new A/C system installed in 2025. One unit features an updated kitchen. Four-vehicle parking is provided, and the property is zoned X and described as not being in a flood zone. Month-to-month leases are currently in place. The duplex is near shopping, dining, downtown New Port Richey, local parks, and other amenities.
The property has a new roof covering the entire duplex and a new A/C system installed in 2025. One unit features an updated kitchen. Four-vehicle parking is provided, and the property is zoned X and described as not being in a flood zone. Month-to-month leases are currently in place. The duplex is near shopping, dining, downtown New Port Richey, local parks, and other amenities.
Key Highlights
- Two matching units, each with 2 bedrooms, 2 full bathrooms, and 1,025 sq ft of heated and cooled living space
- New roof installed across the entire duplex
- New A/C system installed in 2025
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
$23,905
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
5.50%
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%
$478,100
$478.1K
Cap Rate 7%
$341,500
$341.5K
Cap Rate 9%
$265,611
$265.6K
Market Conditions
NOI Build-Up for 2,048 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
$36.6K $17.88/SF
− Vacancy
−$2.5K −$1.21/SF
EGI
$34.2K $16.67/SF
− OpEx
−$10.2K −$5.00/SF
NOI
$23.9K $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%
$478,100
Cap Rate 7%
$341,500
Cap Rate 9%
$265,611
Alternative Uses
Best Use
Multifamily LT 5
$341.5K
$298.8K – $398.4K
NOI $23,905 @ 7.0% cap · market cap 5.50%
Second Best
Apartment 5plus
$269.1K
$235.5K – $313.9K
NOI $18,836 @ 7.0% cap · market cap 4.33%
Theoretical Best
Office A
$466.5K
$408.2K – $544.3K
NOI $32,657 @ 7.0% cap · market cap 7.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,257
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two matching units offer open layouts, private fenced yards, laundry rooms, and parking for four vehicles.
Where is this duplex located?
The property is located at 5422 AMY LN New Port Richey, FL.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Two matching units, each with 2 bedrooms, 2 full bathrooms, and 1,025 sq ft of heated and cooled living space; New roof installed across the entire duplex; New A/C system installed in 2025
