Main Street Duplex
For Sale
$350,000
6100 Main Street Unit A, New Port Richey, FL 34653
Two detached homes in downtown New Port Richey.
Property Size1,534 SF
Price / SF$228.16
Days on Market386
Property Features for 6100 Main Street Unit A
General Information
Standard status
Active
Size
1,534 SF
Property subtype
Residential Income / Duplex
Zoning
R3
Taxes and HOA fees
Annual Taxes
$2,878
Amenities
Central Air
Central
No
2
Laundry Closet
Ceiling Fan(s)
Square Feet
Public Records
Shingle
One
Lighting
Slab
Block
Building Details
Year Built
1946
Listing Agency:
BRIDGE POINT BUSINESS REAL EST
(727) 488-9879
Listed By:
Melinda Grimes · License #3342272
(727) 488-9879
Source:
Compass
Added: Aug 3, 2025
Changed: Aug 23
Last Checked: Aug 22 at 6:30PM
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 BRIDGE POINT BUSINESS REAL EST
Investment Insights
Based on property information with market context.
Located on Main Street, this property features two separate concrete block homes, offering flexibility for investors and owner-occupants. The main residence is a 2-bedroom, 1-bath home suitable for a primary residence or long-term rental. The second home is a private studio unit, ideal for an in-law suite, a private home office, or a short-term rental. The property is located moments from the downtown district, near Sims Park, the Cotee River, breweries, cafes, and restaurants. The property offers income potential, allowing the owner to live in the main home while renting the studio, or rent both units. The studio can also serve as a creative space or business office separate from the main living quarters, or the larger unit can house a business, subject to zoning regulations. The property is located in New Port Richey, Florida.
Key Highlights
- Prime downtown New Port Richey location on Main Street, close to Sims Park, Cotee River, breweries, cafes, and restaurants.
- Two separate, detached concrete block homes offering superior privacy and flexibility.
- Income potential: live in one unit and rent the other, or rent both for maximum ROI.
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
$17,905
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
5.12%
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%
$358,100
$358.1K
Cap Rate 7%
$255,786
$255.8K
Cap Rate 9%
$198,944
$198.9K
Market Conditions
NOI Build-Up for 1,534 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
$27.4K $17.88/SF
− Vacancy
−$1.8K −$1.21/SF
EGI
$25.6K $16.67/SF
− OpEx
−$7.7K −$5.00/SF
NOI
$17.9K $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%
$358,100
Cap Rate 7%
$255,786
Cap Rate 9%
$198,944
Alternative Uses
Best Use
Multifamily LT 5
$255.8K
$223.8K – $298.4K
NOI $17,905 @ 7.0% cap · market cap 5.12%
Second Best
Apartment 5plus
$201.5K
$176.4K – $235.1K
NOI $14,108 @ 7.0% cap · market cap 4.03%
Theoretical Best
Office A
$349.4K
$305.8K – $407.7K
NOI $24,461 @ 7.0% cap · market cap 6.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,055
Businesses Nearby
Explore this area
Business Placement
Demographics for 34653, FL
33,381
Population
17,752
Households
1.9
Avg Household Size
49
Median Age
18%
College-Educated
90%
High-School Grad
10.9 sq mi
ZIP Area
3,062
Density / Sq Mi
$47,660
Median Household Income
$35,327
Median Earnings
$1,222
Median Rent
$180,900
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 detached homes in downtown New Port Richey.
Where is this duplex located?
The property is located at 6100 Main Street Unit A New Port Richey, FL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Prime downtown New Port Richey location on Main Street, close to Sims Park, Cotee River, breweries, cafes, and restaurants.; Two separate, detached concrete block homes offering superior privacy and flexibility.; Income potential: live in one unit and rent the other, or rent both for maximum ROI.
