Turnkey Renovated
For Sale
$325,000
7541 PIER ROAD, Port Richey, FL 34668
Turnkey renovated duplex with two updated 2-bedroom, 2-bath units and shared laundry in a convenient Port Richey location.
Property Size1,800 SF
Price / SF$180.56
Days on Market15
Property Features for 7541 PIER ROAD
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Duplex
Amenities
0.16 acres
Shingle
Public Sewer
Additional parcels description:, Parcel Number: 32-25-16-0390-00000-0070, Public Survey Range: 16, Public Survey Section: 32, Annual Amount: $4,835, Tax Block: 00, Tax Book Number: 3-41, Legal Description: LINDENHURST PB 3 PG 41 LOT 7, Lot: 7, Year: 2025, Zoning: R3
Central Air
Central
Laundry Room
Listing ID: MFRTB8532065, Standard Status: Active, MLS Status: Active, Property Subtype: Duplex, On market as of 2026-07-23, 1 day on market, Special Conditions: None
4 total bedrooms
Built in 1976, Living area: 1800, Living area units: Square Feet, Construction Materials: Block, Stucco, Frame
Subdivision: LINDENHURST, MLS Area (Major): 34668 - Port Richey, County/Parish: Pasco
Completed
2 total bathrooms
Public, Water Source: Public
Wood Burning
Slab
Road Surface: Paved
French Doors
Kitchen/Family Room Combo
Building Details
Year Built
1976
Listing Agency:
SENSIBLE PROPERTY MANAGMENT
(813) 831-7368
Listed By:
Jason Welch · License #3272633
Source:
Miharaandassociates
Added: Jul 23
Changed: Jul 26
Last Checked: Aug 6 at 4:06AM
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 SENSIBLE PROPERTY MANAGMENT
Investment Insights
Based on property information with market context.
Turnkey, fully renovated duplex offering two separate units, each featuring 2 bedrooms and 2 bathrooms. The front unit is larger and includes a floor-to-ceiling rock fireplace. Both units have been updated with quality cabinetry, modern countertops, renovated bathrooms, luxury vinyl plank flooring throughout, updated lighting, and stylish fixtures.
The property is located just off US Highway 19 for convenient access to restaurants, shopping, medical facilities, parks, and everyday services.
Major improvements include a brand-new roof and new A/C for one unit, along with a newer A/C system for the second unit. A shared laundry room serves both units.
The property is located just off US Highway 19 for convenient access to restaurants, shopping, medical facilities, parks, and everyday services.
Major improvements include a brand-new roof and new A/C for one unit, along with a newer A/C system for the second unit. A shared laundry room serves both units.
Key Highlights
- Renovated duplex built in 1976 with two updated 2‑bedroom, 2‑bath units
- Major improvements include a brand‑new roof plus one brand‑new A/C system and a newer A/C for the second unit
- Both units updated with luxury vinyl plank flooring, updated lighting, and stylish fixtures
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
$21,010
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
6.46%
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%
$420,200
$420.2K
Cap Rate 7%
$300,143
$300.1K
Cap Rate 9%
$233,444
$233.4K
Market Conditions
NOI Build-Up for 1,800 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
$32.2K $17.88/SF
− Vacancy
−$2.2K −$1.21/SF
EGI
$30.0K $16.67/SF
− OpEx
−$9.0K −$5.00/SF
NOI
$21.0K $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 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%
$420,200
Cap Rate 7%
$300,143
Cap Rate 9%
$233,444
Alternative Uses
Best Use
Multifamily LT 5
$300.1K
$262.6K – $350.2K
NOI $21,010 @ 7.0% cap · market cap 6.46%
Second Best
Apartment 5plus
$236.5K
$206.9K – $275.9K
NOI $16,555 @ 7.0% cap · market cap 5.09%
Theoretical Best
Office A
$410.0K
$358.8K – $478.4K
NOI $28,702 @ 7.0% cap · market cap 8.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
536
Businesses Nearby
Explore this area
Business Placement
Demographics for 34668, FL
48,781
Population
23,883
Households
2
Avg Household Size
45
Median Age
13%
College-Educated
88%
High-School Grad
15.5 sq mi
ZIP Area
3,147
Density / Sq Mi
$45,760
Median Household Income
$35,610
Median Earnings
$1,278
Median Rent
$168,800
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 - Turnkey renovated duplex with two updated 2-bedroom, 2-bath units and shared laundry in a convenient Port Richey location.
Where is this duplex located?
The property is located at 7541 PIER ROAD Port Richey, FL.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Renovated duplex built in 1976 with two updated 2‑bedroom, 2‑bath units; Major improvements include a brand‑new roof plus one brand‑new A/C system and a newer A/C for the second unit; Both units updated with luxury vinyl plank flooring, updated lighting, and stylish fixtures
