Fully Updated Duplex with
7117 PINEWOOD DRIVE New Port Richey, FL 34652
7117 PINEWOOD DRIVE, New Port Richey, FL, 34652
$350,000
For Sale
$350,000
Renovated duplex with two private fenced backyards, in-unit laundry, updated HVAC, and a replaced roof.
Property Size1,484 SF
Price / SF$235.85
Days on Market502
Property Features for 7117 PINEWOOD DRIVE
General Information
- Standard status
- Active
- Size
- 1,484 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1983
Listing agency
KELLER WILLIAMS TAMPA PROP.
(813) 442-9200
Listed by
Azalia Ortiz · License #3600806
(813) 442-9200
Source
Exitrealty
Added: Mar 7, 2025 Updated: Jul 20 at 10:13PM Checked: Jul 21 at 5:47AM
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 KELLER WILLIAMS TAMPA PROP.
Investment Insights
Based on property information with market context.
This fully updated duplex features two completely renovated units. Each unit has new water heaters and new central HVAC systems, updated flooring throughout, and stainless steel appliances. Kitchens include newly installed granite countertops, and both units include washer and dryer. The property also has a newly replaced roof. Each unit benefits from its own private fenced-in backyard, along with plenty of off-street parking.
The duplex is situated at the end of a quiet dead-end street and is located just minutes from downtown New Port Richey. One unit is currently on a lease that is set to expire on May 1, giving the buyer the option to renew the lease or occupy the unit.
The property is offered as a duplex with both units currently being rented below market value.
The duplex is situated at the end of a quiet dead-end street and is located just minutes from downtown New Port Richey. One unit is currently on a lease that is set to expire on May 1, giving the buyer the option to renew the lease or occupy the unit.
The property is offered as a duplex with both units currently being rented below market value.
Key Highlights
- Fully updated duplex (2 units) built in 1983 with brand new water heaters, new central HVAC, and a newly replaced roof
- Each unit has been completely renovated with new stainless steel appliances and granite countertops
- In‑unit washer and dryer in each unit; updated flooring throughout both units
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.5k | $17.88 |
| − Vacancy | −$1.8k | −$1.21 |
| EGI | $24.7k | $16.67 |
| − OpEx | −$7.4k | −$5.00 |
| NOI | $17.3k | $11.67 |
1,484 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$247.5K
$216.5K – $288.7K
NOI $17,322 @ 7.0% cap · market cap 4.95%
Second Best
Apartment 5plus
$195.0K
$170.6K – $227.5K
NOI $13,648 @ 7.0% cap · market cap 3.90%
Theoretical Best
Office A
$338.0K
$295.8K – $394.4K
NOI $23,663 @ 7.0% cap · market cap 6.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Renovated duplex with two private fenced backyards, in-unit laundry, updated HVAC, and a replaced roof.
Where is this duplex located?
The property is located at 7117 PINEWOOD DRIVE 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: Fully updated duplex (2 units) built in 1983 with brand new water heaters, new central HVAC, and a newly replaced roof; Each unit has been completely renovated with new stainless steel appliances and granite countertops; In‑unit washer and dryer in each unit; updated flooring throughout both units
