Duplex with Florida
For Sale
$155,000
5716 KENWOOD Avenue, New Port Richey, FL 34652
Residential Income, NEW PORT RICHEY, FL
Property Size1,027 SF
Lot Size0.21 Acres
Price / SF$150.93
Days on Market528
Property Features for 5716 KENWOOD Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R2
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 2
Window features
ENERGY STAR Qualified WIndows
Patio and Porch features
Porch
Interior features
Ceiling Fans(s), Open Floorplan
Exterior features
Fence
Fencing
Fenced
Fireplace
1
Appliances
Dryer, Electric Water Heater, Range, Refrigerator, Washer
Subdivision
KINNEY SUB
Lot features
Corner Lot, Sidewalk, Paved
Elementary school
Richey Elementary School
Middle school
Gulf Middle-PO
High school
Gulf High-PO
Directions
East on Main Street - Turn left on Madison Street - Turn Left on Massachusetts - Turn Right on Washington - Duplex is on the corner of Washington and Kenwood.
Standard status
Active
APN
16-25-32-043.0-001.00-011.0
Size
1,027 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
KINNEY SUB PB 2 PG 44 EAST 29 FT OF LOT 10 & ALL OF LOT 11 BLOCK 1
Tax Annual Amount
3472
Legal Description
KINNEY SUB PB 2 PG 44 EAST 29 FT OF LOT 10 & ALL OF LOT 11 BLOCK 1
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
exterior laundry area with washer and dryer
large fenced yard
Building Details
Year built
1948
Number of units
2
Flooring type
Vinyl
Building materials
Block, Frame
Roof type
Shingle
Listing Agency:
RE/MAX CHAMPIONS · RE/MAX International
(727) 807-7887
Listed By:
Kim Doukas · License #3101882
(727) 278-0954
Added: May 27, 2025
Changed: Nov 5
Last Checked: Nov 5 at 6:06AM
MLS# TB8390381
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.
Built in 1948, this 1,027-square-foot duplex contains two separately accessed units on a 0.21-acre lot. One residence has an updated kitchen and bathroom, a fireplace, and a Florida room; it is currently arranged as a studio, with a layout that can be changed to include a bedroom. The other unit is a studio with a remodeled bathroom. Both have private entrances. A washer and dryer are provided in an exterior laundry area, and the yard is fenced. The roof was replaced in 2018, and the exterior was painted in 2024.
The property is in New Port Richey, near downtown shops, restaurants, Sims Park, and the riverfront. US-19 and the Suncoast Parkway provide regional road access. FEMA maps place the property in flood zone AE; the units have not experienced interior flooding.
The property is in New Port Richey, near downtown shops, restaurants, Sims Park, and the riverfront. US-19 and the Suncoast Parkway provide regional road access. FEMA maps place the property in flood zone AE; the units have not experienced interior flooding.
Key Highlights
- Two‑unit duplex with 1,027 square feet on a 0.21‑acre lot
- One studio unit includes a Florida room, fireplace, and updated kitchen and bathroom
- Second studio has a remodeled bathroom and private entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,988
Cap Rate
7.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$239,760
$239.8K
Cap Rate 7%
$171,257
$171.3K
Cap Rate 9%
$133,200
$133.2K
Market Conditions
NOI Build-Up for 1,027 SF
Gross rent
$18.4K $17.88/SF
− Vacancy
−$1.2K −$1.21/SF
EGI
$17.1K $16.67/SF
− OpEx
−$5.1K −$5.00/SF
NOI
$12.0K $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%
$239,760
Cap Rate 7%
$171,257
Cap Rate 9%
$133,200
Alternative Uses
Best Use
Multifamily LT 5
$171.3K
$149.9K – $199.8K
NOI $11,988 @ 7.0% cap · market cap 7.73%
Second Best
Apartment 5plus
$134.9K
$118.1K – $157.4K
NOI $9,445 @ 7.0% cap · market cap 6.09%
Theoretical Best
Office A
$233.9K
$204.7K – $272.9K
NOI $16,376 @ 7.0% cap · market cap 10.57%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
750
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?
Duplex - Separate driveways and shared outdoor laundry serve the two residences.
Where is this duplex located?
The property is located at 5716 KENWOOD Avenue New Port Richey, FL.
What is the asking price?
The asking price for this property is $155,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,027 square feet on a 0.21‑acre lot; One studio unit includes a Florida room, fireplace, and updated kitchen and bathroom; Second studio has a remodeled bathroom and private entrance
