Undisclosed Address

New Port Richey, FL 34652

$3,186,000
Price
53
Beds
40
Baths
801 Sq. Ft.
$3,978 / Sq. Ft.
801
Sq. Ft.
$3,978
per Sq. Ft.
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New
New

Description

New Port Colony | 36-Unit Multifamily Investment | New Port Richey, FL | 10% Cap Rate. If you've been searching for a turnkey multifamily investment that truly checks every box, New Port Colony deserves your full attention. This 36-unit, 55+ community in New Port Richey, Florida is generating a 10% cap rate — and once you understand what's included, it's easy to see why. The unit mix is well-balanced, with 19 one-bedroom/one-bath, 13 two-bedroom/one-bath, and 4 two-bedroom/two-bath homes, all within...New Port Colony | 36-Unit Multifamily Investment | New Port Richey, FL | 10% Cap Rate. If you've been searching for a turnkey multifamily investment that truly checks every box, New Port Colony deserves your full attention. This 36-unit, 55+ community in New Port Richey, Florida is generating a 10% cap rate — and once you understand what's included, it's easy to see why. The unit mix is well-balanced, with 19 one-bedroom/one-bath, 13 two-bedroom/one-bath, and 4 two-bedroom/two-bath homes, all within a single complex. Every unit has been updated and comes equipped with central heating and air. And here's what really sets this property apart: all 36 units have their own private garage — washer/dryer hookups in the garage of each unit. Residents get their own parking and their own laundry, all tucked right outside their door. There's a pool, shuffleboard, and a neighborhood feel that residents take pride in. Residents have the option to join the Gulf Harbors Beach Club — one of the only private Gulf-front beach clubs in the area — for just $200 a year. It's a small cost that adds a lifestyle element most apartment communities simply can't offer. Day-to-day living is easy. Groceries, restaurants, shopping, and medical facilities are all close by, which matters a great deal to the 55+ residents who call this place home. The 55+ demographic is one of the most stable tenant bases in residential real estate — low turnover, consistent payment history, and genuine pride of residency. New Port Colony reflects all of that. Strong returns, updated units, a private garage, and a beach club down the road.
  1. Listed by Nicholas Vavoulis • Brokerage DRE #1045772 • RE/MAX MARKETING SPECIALISTS
    P: (727)-234-3743 C: (727)-234-3743 nickvavoulis@gmail.com

Property Details for Undisclosed Address

Subdivision Name
NEW PORT COLONY
Township
26
Garage Spaces
1
Waterfront
No
LISTING UPDATED: 05/05/2026 02:35 AM

Property Details for Undisclosed Address

StatusActive
MLS #W7885450
Days on Market1
Taxes$1,080 / year
HOA Fees$308 / month
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Triplex
Year Built1973
Lot Size-
CountyPasco County
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Location

Listing Courtesy of RE/MAX MARKETING SPECIALISTS, Nicholas Vavoulis
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Building Information for Undisclosed Address

Stories-Residences-Year Built1973Building Size-Lot Size-

Payment Calculator

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$16,441 per month

30 year fixed, 6.46% Interest

Principal and Interest

$16,043

Property Taxes

$90

HOA Dues

$308

The Payment Calculator is for illustrative purposes only.

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Property Information for Undisclosed Address

Summary
Location and General Information
  • Building Area Source: Public Records
  • Building Area Total: 1087.0
  • Building Area Units: Square Feet
  • Community Features: Buyer Approval Required, Clubhouse, Pool
  • Directions: US 19 west Marine. Right on Parkway
  • Mls Major Change Type: New Listing
  • Major Change Type: New Listing
  • Listing Service: Full Service
  • Senior Community: Yes
  • Unit Number: No
  • Street Number: 4954
  • Street Name: BITNER
  • Street Suffix: STREET
  • State: FL
  • City: NEW PORT RICHEY
Parking
  • Attached Garage: Yes
  • Carport: No
  • Garage: Yes
Taxes and HOA Information
  • Association Approval Required: Yes
  • Association Fee Requirement: Required
  • Association Name: Nick Toucton
  • Association: Yes
  • CDD: No
  • Number Of Pets: 2
  • Tax Block: 25
  • Tax Book Number: C-C
  • Tax Legal Description: NEW PORT COLONY FIFTH WAY UNREC PLAT PCL 1016 BLOCK 25 DESC AS:COM AT SE COR OF SEC TH N01DEG21'15"E 1641.91 FT TH S89DEG56' 13"W 224.57 FT TH N00DEG03' 47"W 168.65 FT FOR POB TH N89DEG38' 45"W 28 FT TH N00DEG21' 15"E 22.67 FT TH S89 DEG38' 45"E 13.3 3 FT TH N00DEG 21' 15"E 13.33 FT TH S89DEG38' 45"E 28 FT TH S00DEG21' 15"W 13.33 FT TH N89DEG38' 45"W 13.33 FT TH S00DEG21' 15"W 22.67 FT TO POB (X)
  • Tax Lot: 1016
  • Tax Year: 2025
Property
Lot Information
  • Additional Parcels: No
  • Parcel Number: 162607014.D025.01016.0
  • Total Acreage: Non-Applicable
  • Total Num Buildings: 36
  • Water Access: No
  • Water Extras: No
  • Zoning: MF1
  • Living Area: 801
Property and Assessments
  • Year Built Numeric: 1973
  • Association Amenities: Maintenance
  • Flood Zone Code: AE
  • Flood Zone Date: 06-05-2020
  • Flood Zone Panel: 12101C0351G
  • Homestead: No
  • New Construction: No
  • Number Of Lots: 43
  • Public Survey Range: 16
  • Public Survey Section: 7
  • Dock YN: No
Utilities
  • Sewer: Public Sewer
  • Utilities: Cable Available, Cable Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Block, Stucco
  • Exterior Features: Other
  • Foundation Details: Slab
  • Levels: One
  • Pool Features: Indoor
  • Pool Private: Yes
  • Pool: Private, Community
  • Pool Private: Yes
  • Roof: Shingle
  • Waterfront Feet Total: 0
Interior Features
  • Bedrooms Total: 53
  • Appliances: Dryer, Refrigerator, Washer
  • Cooling: Central Air
  • Fireplace: No
  • Flooring: Carpet, Ceramic Tile, Tile
  • Heating: Central
  • Interior Features: Ceiling Fan(s)
  • Laundry Features: Inside
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Water View: No
Multi Family
Multi-Family Information
  • Annual Net Income: $321,996.00
  • Gross Income: $541,452
  • Total Monthly Expenses: $18,288
  • Unit Count: 3
Rental
Rental Information
  • Tenant Pays: Electricity
  • Total Actual Rent: $45,121
  • Minimum Lease Period: 0
  • Pets Allowed: Dogs OK, Yes

Property History for Undisclosed Address

DateEvent & SourcePriceAppreciation
May 4, 2026

Listed (Active)

MFRMLS #W7885450

$3,186,000—
May 4, 2026

Listed (Active)

MFRMLS #W7885459

$3,186,000—
Nov 9, 2018

Sold

MFRMLS #U8020167

$57,500—
DateEvent & SourcePrice
05/04/2026

Listed (Active)

MFRMLS #W7885450

$3,186,000
05/04/2026

Listed (Active)

MFRMLS #W7885459

$3,186,000
11/09/2018

Sold

MFRMLS #U8020167

$57,500

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for Undisclosed Address

Taxable ValueLand$2,605Additions$46,141Total$48,746
Tax Record2025$1,029 ($86 / month)
Home Facts
Beds2Total Finished SqFt801 SqFtAbove Grade Finished SqFt801 SqFtStories1Lot Size1,683 SqFtStyleSingle Family ResidenceYear Built1970Zoning0MF1CountyPASCOAPN07-26-16-0140-01100-9570

Schools near Undisclosed Address

This home is within Pasco.
Rating
School
Type
Grades
Distance
Richey Elementary School
Public - PK to 5
Gulf Middle School
Public - 6 to 8
Gulf High School
Public - 9 to 12
James M. Marlowe Elementary School
Public - PK to 5
Rating
School
Distance
Richey Elementary School
PublicPK to 5

Gulf Middle School
Public6 to 8

Gulf High School
Public9 to 12

James M. Marlowe Elementary School
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about Undisclosed Address, New Port Richey, FL 34652

Undisclosed Address is a multi-family home for sale in New Port Richey, FL 34652. This property was listed for sale on May 4, 2026 by RE/MAX MARKETING SPECIALISTS, it's currently listed at $3,186,000. It has been on the market for a total of 1 days and was last sold on November 9, 2018. This listing's school district is Pasco. Nearby schools include Richey Elementary School, Gulf Middle School and Gulf High School. Undisclosed Address is a 53-bed, 40-bath, 801 sqft multi-family home built in 1973.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX MARKETING SPECIALISTS, Nicholas Vavoulis

The information being provided by MFRMLS and Daytona Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of MFRMLS or Daytona Multiple Listing Service. Real estate listings held by brokerage firms other than this site owner are marked with the IDX/MLS logo. Information deemed reliable but is not guaranteed accurate by MFRMLS or Daytona Multiple Listing Service. Last updated: 05/05/2026 02:35 AM