Updated Duplex With Newer
For Sale
$259,000
Pending
6937 Mcbride Ct, New Port Richey, FL 34652
Two-unit residential property with recent improvements, laundry hookups, and no-flood-zone designation.
Property Size1,736 SF
Days on Market110
Property Features for 6937 Mcbride Ct
General Information
Standard status
Pending
Size
1,736 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,520
Amenities
washer/dryer connections
Building Details
Buildings
1
Listing Agency:
FLORIDA'S 1ST CHOICE RLTY LLC
(813) 966-8200
Listed By:
Carlos Casola · License #3445416
(813) 966-8200
Source:
Exprealty
Added: May 1
Changed: Aug 17
Last Checked: Aug 18 at 10:56AM
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 FLORIDA'S 1ST CHOICE RLTY LLC
Investment Insights
Based on property information with market context.
This duplex contains 1,736 square feet and offers a practical two-unit residential configuration. The roof is less than five years old, and one side received updates in March 2026, including tile flooring and a walk-in shower. Washer and dryer connections are available within the property.
Located at 6937 Mcbride Ct in New Port Richey, Florida, the property is designated as being in a no-flood zone. The combination of recent improvements, newer roofing, and laundry connections provides clear physical features for evaluating the asset.
Located at 6937 Mcbride Ct in New Port Richey, Florida, the property is designated as being in a no-flood zone. The combination of recent improvements, newer roofing, and laundry connections provides clear physical features for evaluating the asset.
Key Highlights
- Duplex with 1,736 square feet of property size
- Roof is less than five years old
- One side updated in March 2026
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
$20,263
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
7.82%
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%
$405,260
$405.3K
Cap Rate 7%
$289,471
$289.5K
Cap Rate 9%
$225,144
$225.1K
Market Conditions
NOI Build-Up for 1,736 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
$31.0K $17.88/SF
− Vacancy
−$2.1K −$1.21/SF
EGI
$28.9K $16.67/SF
− OpEx
−$8.7K −$5.00/SF
NOI
$20.3K $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 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%
$405,260
Cap Rate 7%
$289,471
Cap Rate 9%
$225,144
Alternative Uses
Best Use
Multifamily LT 5
$289.5K
$253.3K – $337.7K
NOI $20,263 @ 7.0% cap · market cap 7.82%
Second Best
Apartment 5plus
$228.1K
$199.6K – $266.1K
NOI $15,966 @ 7.0% cap · market cap 6.16%
Theoretical Best
Office A
$395.5K
$346.0K – $461.4K
NOI $27,682 @ 7.0% cap · market cap 10.69%
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
1,291
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-unit residential property with recent improvements, laundry hookups, and no-flood-zone designation.
Where is this duplex located?
The property is located at 6937 Mcbride Ct New Port Richey, FL.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: Duplex with 1,736 square feet of property size; Roof is less than five years old; One side updated in March 2026
