Corner-Lot Income-Producing
For Sale
$365,000
6328 POLK Street, New Port Richey, FL 34653
Residential Income, NEW PORT RICHEY, FL
Property Size2,166 SF
Lot Size0.13 Acres
Price / SF$168.51
Days on Market51
Property Features for 6328 POLK Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
MF2
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bathroom 3, Bathroom 1, Bathroom 2, Bathroom 4, Bedroom 3, Bedroom 2, Dining Room, Bedroom 1
Parking features
Driveway
Patio and Porch features
Patio, Porch, Deck
Pets allowed
Yes
Interior features
Ceiling Fans(s), Living Room/Dining Room Combo
Exterior features
Sidewalk
Appliances
Dishwasher, Electric Water Heater, Range, Range Hood, Refrigerator
Subdivision
NEW PORT RICHEY CITY
Lot features
Sidewalk, Paved
Middle school
Gulf Middle-PO
High school
Gulf High-PO
Directions
MAIN ST TO POLK ST
Standard status
Active
APN
04-26-16-0030-06700-0091
Size
2,166 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
TOWN OF NEW PORT RICHEY PB 4 PG 49 N 75 FT OF LOT 9 BLOCK 67 & N 75 FT OF W1/2 OF LOT 10 BLOCK 67 OR 8181 PG 22
Tax Annual Amount
6407
Legal Description
TOWN OF NEW PORT RICHEY PB 4 PG 49 N 75 FT OF LOT 9 BLOCK 67 & N 75 FT OF W1/2 OF LOT 10 BLOCK 67 OR 8181 PG 22
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1985
Floors in Building
1
Number of units
2
Flooring type
Tile
Building materials
Block
Roof type
Shingle
Listing Agency:
DENNIS REALTY & INV. CORP.
(813) 949-7444
Listed By:
Nadia Heinz · License #3036517
(813) 714-6568
Added: Aug 20
Changed: Sep 28
Last Checked: Oct 9 at 1:06PM
MLS# TB8541021
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.
Investment Insights
Based on property information with market context.
This 1985 duplex contains 2,166 square feet across two separate two-bedroom, one-and-a-half-bath units, each approximately 1,083 square feet. The corner-lot property includes tile flooring, central heating and cooling, ceiling fans, driveway parking, patios, porches, decks, and block construction. Each unit includes a living room/dining room combination, while appliances include a dishwasher, electric water heater, range, range hood, and refrigerator.
Located at 6328 Polk Street in New Port Richey, the property sits just off Main Street with access to downtown dining, entertainment, parks, community events, and the Pithlachascotee River. Public water and public sewer serve the property, and cable is available. Recent updates include HVAC replacements in 2022 and 2018, a water heater replacement in 2021, and updated countertops in Unit 6330. The property is zoned MF2, has no HOA or CDD, and is in Flood Zone X.
Located at 6328 Polk Street in New Port Richey, the property sits just off Main Street with access to downtown dining, entertainment, parks, community events, and the Pithlachascotee River. Public water and public sewer serve the property, and cable is available. Recent updates include HVAC replacements in 2022 and 2018, a water heater replacement in 2021, and updated countertops in Unit 6330. The property is zoned MF2, has no HOA or CDD, and is in Flood Zone X.
Key Highlights
- Two‑unit duplex with 2,166 square feet total
- Each unit offers 2 bedrooms, 1.5 baths, and approximately 1,083 square feet
- Corner‑lot property on 0.13 acres at 6328 Polk Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,282
Cap Rate
6.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$505,640
$505.6K
Cap Rate 7%
$361,171
$361.2K
Cap Rate 9%
$280,911
$280.9K
Market Conditions
NOI Build-Up for 2,166 SF
Gross rent
$38.7K $17.88/SF
− Vacancy
−$2.6K −$1.21/SF
EGI
$36.1K $16.67/SF
− OpEx
−$10.8K −$5.00/SF
NOI
$25.3K $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%
$505,640
Cap Rate 7%
$361,171
Cap Rate 9%
$280,911
Alternative Uses
Best Use
Multifamily LT 5
$361.2K
$316.0K – $421.4K
NOI $25,282 @ 7.0% cap · market cap 6.93%
Second Best
Apartment 5plus
$284.6K
$249.0K – $332.0K
NOI $19,921 @ 7.0% cap · market cap 5.46%
Theoretical Best
Office A
$493.4K
$431.7K – $575.6K
NOI $34,538 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,068
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate rental units near downtown New Port Richey with public water and sewer service.
Where is this duplex located?
The property is located at 6328 POLK Street New Port Richey, FL.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,166 square feet total; Each unit offers 2 bedrooms, 1.5 baths, and approximately 1,083 square feet; Corner‑lot property on 0.13 acres at 6328 Polk Street
