Detached Duplex With
For Sale
$299,900
A-6100 Main St, New Port Richey, FL 34652
Two separate concrete block residences provide privacy and flexible occupancy options near downtown New Port Richey.
Property Size1,534 SF
Price / SF$195.50
Days on Market204
Property Features for A-6100 Main St
General Information
Standard status
Active
Size
1,534 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 2BR/1BA, 1 x studio
Multifamily Units
2
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$2,878
Building Details
Buildings
2
Construction
concrete block
Listing Agency:
BRIDGE POINT BUSINESS REAL EST
(727) 488-9879
Listed By:
Melinda Grimes · License #3342272
(727) 488-9879
Source:
Exprealty
Added: Feb 1
Changed: Aug 21
Last Checked: Aug 23 at 6:19AM
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 BRIDGE POINT BUSINESS REAL EST
Investment Insights
Based on property information with market context.
This duplex property includes two detached concrete block residences on Main Street. The larger home contains two bedrooms and one bathroom, while the second residence is configured as a private studio. Together, the buildings provide separate living spaces within a 1,534-square-foot property and can support distinct occupancy arrangements for an owner-occupant or rental operator.
The property is near downtown New Port Richey, with Sims Park, the Cotee River, breweries, cafes, and restaurants identified in the surrounding area. Its two-building layout creates physical separation between the residences, offering an alternative to a conventional attached duplex configuration.
The property is near downtown New Port Richey, with Sims Park, the Cotee River, breweries, cafes, and restaurants identified in the surrounding area. Its two-building layout creates physical separation between the residences, offering an alternative to a conventional attached duplex configuration.
Key Highlights
- Two detached concrete block homes on Main Street
- Main residence includes 2 bedrooms and 1 bathroom
- Separate studio residence provides an additional private living space
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
$17,905
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
5.97%
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%
$358,100
$358.1K
Cap Rate 7%
$255,786
$255.8K
Cap Rate 9%
$198,944
$198.9K
Market Conditions
NOI Build-Up for 1,534 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
$27.4K $17.88/SF
− Vacancy
−$1.8K −$1.21/SF
EGI
$25.6K $16.67/SF
− OpEx
−$7.7K −$5.00/SF
NOI
$17.9K $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%
$358,100
Cap Rate 7%
$255,786
Cap Rate 9%
$198,944
Alternative Uses
Best Use
Multifamily LT 5
$255.8K
$223.8K – $298.4K
NOI $17,905 @ 7.0% cap · market cap 5.97%
Second Best
Apartment 5plus
$201.5K
$176.4K – $235.1K
NOI $14,108 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$349.4K
$305.8K – $407.7K
NOI $24,461 @ 7.0% cap · market cap 8.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
640
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 separate concrete block residences provide privacy and flexible occupancy options near downtown New Port Richey.
Where is this duplex located?
The property is located at A-6100 Main St New Port Richey, FL.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Two detached concrete block homes on Main Street; Main residence includes 2 bedrooms and 1 bathroom; Separate studio residence provides an additional private living space
