Remodeled Duplex with
8331 WILKINS STREET, Port Richey, FL 34668
Duplex - PORT RICHEY, FL
Type:Duplex
Property size:
2,002 SFLot size:
0.18 AcresPrice / SF:
$224/SF- Added:
- Jan 27, 2026
- Days on Market:
- 129
- Last Refresh:
- Jun 5 at 3:06 pm
Property Features for 8331 WILKINS STREET
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- R2
- Bedrooms
- 4
- Rooms
- Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
- Parking features
- Driveway, Garage, Garage - Attached, Guest, On Street
- Interior features
- Ceiling Fans(s), Eat-in Kitchen, Living Room/Dining Room Combo, Primary Bedroom Main Floor, Solid Surface Counters, Thermostat
- Exterior features
- Paved, Rain Gutters, Sliding Doors, Storage
- Appliances
- Dishwasher, Microwave, Oven - Convection, Range, Refrigerator, Washer
- Standard status
- Active
- APN
- 16-25-29-076.0-000.00-052.0
- Size
- 2,002 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 7056.2
Utilities
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1973
- Number of units
- 2
- Flooring type
- Vinyl
- Building materials
- Block, Stucco
- Roof type
- Shingle
- Architectural style
- Other
- Additional Structures
- Storage
Listing agent Mary Hayward Palazzolo (727) 255-4499
Listing office EXP REALTY LLC 10752 Deerwood Park Blvd., Suite 100, Jacksonville, FL (888) 883-8509
Listing date Jan 27, 2026
MLS# TB8469742
Listing URL
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.
HighLights
- Income‑producing duplex with two addresses: 8331 Wilkins St. and 5719 Berlin, Port Richey, FL 34668
- Each unit offers a 2‑bedroom, 1‑bath layout (solid surface counters and eat‑in kitchen)
- Fully updated with all‑new appliances plus new electrical, new plumbing, and new A/C systems
- Block and stucco construction with shingle roof
- Central heating and central air; vinyl flooring; ceiling fans and sliding doors
- Parking includes an attached garage, driveway, guest parking, and on‑street options; no HOA restrictions
Overview
This newly remodeled duplex offers two separate 2-bedroom, 1-bath units. Each unit has been fully updated with all-new appliances, new electrical, new plumbing, and new A/C systems. The property is set up to support flexible rental use, and it includes a garage for additional tenant or owner convenience.
Located in Port Richey, Florida, the duplex is described as being near the Gulf and within a short walk to the water. The property is positioned just off Highway 19 and Ridge Road, with access to dining, shopping, parks, and local attractions. There are no HOA restrictions noted, which may support a wider range of operating options.
The combination of updated major systems and a current short-term rental setup may appeal to buyers seeking a turn-key income property or those planning to continue operating as a short-term rental. With two fully updated units and a convenient garage, the property provides a practical foundation for rental operations within a residential duplex (R2) zoning context.
Located in Port Richey, Florida, the duplex is described as being near the Gulf and within a short walk to the water. The property is positioned just off Highway 19 and Ridge Road, with access to dining, shopping, parks, and local attractions. There are no HOA restrictions noted, which may support a wider range of operating options.
The combination of updated major systems and a current short-term rental setup may appeal to buyers seeking a turn-key income property or those planning to continue operating as a short-term rental. With two fully updated units and a convenient garage, the property provides a practical foundation for rental operations within a residential duplex (R2) zoning context.
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 | $35.8k | $17.88 |
| − Vacancy | −$2.4k | −$1.21 |
| EGI | $33.4k | $16.67 |
| − OpEx | −$10.0k | −$5.00 |
| NOI | $23.4k | $11.67 |
2,002 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$333.8K
$292.1K – $389.5K
NOI $23,368 @ 7.0% cap · market cap 5.19%
Second Best
Apartment 5plus
$263.0K
$230.2K – $306.9K
NOI $18,413 @ 7.0% cap · market cap 4.09%
Theoretical Best
Office A
$456.0K
$399.0K – $532.1K
NOI $31,923 @ 7.0% cap · market cap 7.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Port Richey
- County
- Pasco
- State
- Florida
- Longitude
- -82.719896
- Latitude
- 28.278336
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Newly remodeled two-unit duplex with updated systems and a garage, currently operating as a short-term rental.
Where is this duplex located?
The property is located at 8331 WILKINS STREET Port Richey, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Income‑producing duplex with two addresses: 8331 Wilkins St. and 5719 Berlin, Port Richey, FL 34668; Each unit offers a 2‑bedroom, 1‑bath layout (solid surface counters and eat‑in kitchen); Fully updated with all‑new appliances plus new electrical, new plumbing, and new A/C systems
