Renovated Two-Unit
For Sale
$334,900
9824 POCONO Street, Port Richey, FL 34668
Residential Income, PORT RICHEY, FL
Property Size2,144 SF
Lot Size0.23 Acres
Price / SF$156.20
Days on Market186
Property Features for 9824 POCONO Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R4
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bathroom 3, Bathroom 4, Bathroom 1, Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 3
Parking features
Off Street
Interior features
Open Floorplan, Walk-In Closet(s)
Exterior features
Lighting
Appliances
Dishwasher, Microwave, Range, Refrigerator
Subdivision
ACREAGE
Directions
From US Highway 19, turn west onto Scenic Drive. Continue straight and turn right onto Westport Drive, then right onto Pocono Street, and left onto Keller Drive. Right on eagles point cir
Standard status
Active
APN
16-25-21-000.0-001.00-009.0
Size
2,144 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BEG NW COR LOT 117 WEST PORT SUB UNIT 2 PB 11 PGS 149 & 150 TH ALG NELY R/W LN WEST SHORE DR 9.09 FT ALG ARC OF CRV CONCAVE TO SW HAVING RAD OF 50.00 FT CHD 9.00 FT CHD BRG N38DEG08' 24"W TO POB TH CONT ALG ARC OF CV CONCAVE TO SW RAD 50.00 FT CHD 42 .18 FT CHD BRG N64DEG17' 30"W TH CONT ALG R/W N89DEG14' 16"W 25.95 FT TH N16DEG05' 14"E 89.00 FT TH N00DEG41' 35"E 96.00 FT TH S70DEG28' 00"E 145.04 FT TH S00DEG41' 35"W 78.22 FT TH S85DEG52' 43"W 40.21 FT TH S20DEG14' 40"W 40.00 FT TH S52DEG54' 17" W 54.75 FT TO POB OR 9559 PG 1411
Tax Annual Amount
2979
Legal Description
BEG NW COR LOT 117 WEST PORT SUB UNIT 2 PB 11 PGS 149 & 150 TH ALG NELY R/W LN WEST SHORE DR 9.09 FT ALG ARC OF CRV CONCAVE TO SW HAVING RAD OF 50.00 FT CHD 9.00 FT CHD BRG N38DEG08' 24"W TO POB TH CONT ALG ARC OF CV CONCAVE TO SW RAD 50.00 FT CHD 42 .18 FT CHD BRG N64DEG17' 30"W TH CONT ALG R/W N89DEG14' 16"W 25.95 FT TH N16DEG05' 14"E 89.00 FT TH N00DEG41' 35"E 96.00 FT TH S70DEG28' 00"E 145.04 FT TH S00DEG41' 35"W 78.22 FT TH S85DEG52' 43"W 40.21 FT TH S20DEG14' 40"W 40.00 FT TH S52DEG54' 17" W 54.75 FT TO POB OR 9559 PG 1411
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
washer and dryer hookups
Building Details
Year built
1972
Flooring type
Vinyl
Building materials
Block, Stucco
Roof type
Metal
Listing Agency:
LOKATION
(954) 545-5583
Listed By:
Julian Jackson · License #3326886
(301) 272-4192
Added: Mar 20
Changed: Sep 12
Last Checked: Sep 21 at 11:06AM
MLS# O6392443
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 renovated duplex contains two residential units, each configured with two bedrooms and two bathrooms. Interior improvements include new vinyl flooring, refreshed kitchens with stainless steel appliances, and updated bathrooms. Open floor plans and walk-in closets are included, while washer and dryer hookups provide practical in-unit utility connections.
The property occupies 0.23 acres in Port Richey and is zoned R4. Construction includes block and stucco, with a metal roof, central heating, and central air conditioning. Off-street parking serves the property, and public water and public sewer are available. The address is near shopping, dining, and major roadways.
The property occupies 0.23 acres in Port Richey and is zoned R4. Construction includes block and stucco, with a metal roof, central heating, and central air conditioning. Off-street parking serves the property, and public water and public sewer are available. The address is near shopping, dining, and major roadways.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 2 bathrooms in each unit
- Renovated interiors with new vinyl flooring, updated kitchens, and modern bathrooms
- Stainless steel appliances include dishwasher, microwave, range, and refrigerator
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
$25,026
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
7.47%
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%
$500,520
$500.5K
Cap Rate 7%
$357,514
$357.5K
Cap Rate 9%
$278,067
$278.1K
Market Conditions
NOI Build-Up for 2,144 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
$38.3K $17.88/SF
− Vacancy
−$2.6K −$1.21/SF
EGI
$35.8K $16.67/SF
− OpEx
−$10.7K −$5.00/SF
NOI
$25.0K $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%
$500,520
Cap Rate 7%
$357,514
Cap Rate 9%
$278,067
Alternative Uses
Best Use
Multifamily LT 5
$357.5K
$312.8K – $417.1K
NOI $25,026 @ 7.0% cap · market cap 7.47%
Second Best
Apartment 5plus
$281.7K
$246.5K – $328.7K
NOI $19,719 @ 7.0% cap · market cap 5.89%
Theoretical Best
Office A
$488.4K
$427.3K – $569.8K
NOI $34,187 @ 7.0% cap · market cap 10.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
803
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Updated residences offer two bedrooms, two bathrooms, central HVAC, and washer-dryer hookups in each unit.
Where is this duplex located?
The property is located at 9824 POCONO Street Port Richey, FL.
What is the asking price?
The asking price for this property is $334,900.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 2 bathrooms in each unit; Renovated interiors with new vinyl flooring, updated kitchens, and modern bathrooms; Stainless steel appliances include dishwasher, microwave, range, and refrigerator
