$2,800,000
 $15,031 est/mo Sourced by Back At You

4954 Bitner St,NEW PORT RICHEY, FL 34652

NEW PORT RICHEY, FL 34652

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Description

New Port Colony | 36-Unit Multifamily Investment | New Port Richey, FL | Turnkey multifamily investment. This 36-unit, 55+ community in New Port Richey, Florida is generating a 10% cap rate. 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. Community amenities include a swimming pool, shuffleboard courts, 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, community pool, and a beach club down the road.

Details

MLS #W7885459
Listing TypeFor Sale
StyleHouse
HOA Dues$308
Sub-TypeFor-sale
StatusActive
Year1973
Days On Site156
Listing Provided ByRE/MAX MARKETING SPECIALISTS | Nicholas Vavoulis

Features

Bed(s)53
Bath(s) 40 Total
SQ Feet801
Garage1
PoolYes
Story(s)1
ZoningMF1

Taxes

Property1080

Area Information

StateFL
CountyPasco
CityNEW PORT RICHEY
Zip Code34652
Area34652 New Port Richey
Community NameNEW PORT COLONY
Listing VS Median (in NEW PORT COLONY)
Price:
$2,800,000
low | high
Med:
$2,800,000
50% of Average
sqft:
801
low | high
Med:
801
50% of Average
$ / sqft:
$3,496
low | high
Med:
$3,496
50% of Average
On site:
156
low | high
Med:
156
100% of Average
Sourced by Back At You

Market Activity 34652

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 Listings courtesy of Stellar MLS as distributed by MLS GRID.Based on information submitted to the MLS GRID as of October 7, 2026 at 11:16:27 PM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. “The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

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Learn More About This Property

StateFL
CountyPasco
CityNEW PORT RICHEY
Zip Code34652
Area34652 New Port Richey
Community NameNEW PORT COLONY
Listing VS Median (in NEW PORT COLONY)
Price:
$2,800,000
low | high
Med:
$2,800,000
50% of Average
sqft:
801
low | high
Med:
801
50% of Average
$ / sqft:
$3,496
low | high
Med:
$3,496
50% of Average
On site:
156
low | high
Med:
156
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $2.1M - $3.5M
sqft: 601 - 1,000
Nearby Listings Property ImageNearby Listings Details
4954 BITNER ST Property Photo 1
$2,800,000
4954 Bitner St
New Port Richey, FL 34652
Listing Updated: September 29, 2026 at 5:38:14 AM PDT