$3,186,000
4954 Bitner Street New Port Richey, FL 34652
For Sale MLS# W7885450
53 beds 40 baths 801 sq ft Multi-family
Details for 4954 Bitner Street
MLS# W7885450
Description for 4954 Bitner Street, New Port Richey, FL, 34652
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.
Listing Information
Property Type: Residential, Triplex
Status: Active
Bedrooms: 53
Bathrooms: 40
Square Feet: 801 sq ft
Year Built: 1973
Garage: Yes
Stories: 1 Story
Construction: Block,Stucco
Subdivision: New Port Colony
Foundation: Slab
County: Pasco
Additonal Room Information
Laundry: Inside
Interior Features
Appliances: Refrigerator, Washer, Dryer
Flooring: Carpet,Ceramic Tile,Tile
Additional Interior Features: Ceiling Fan(s)
Utilities
Water: Public
Sewer: Public Sewer
Other Utilities: Cable Available,Cable Connected
Cooling: Ceiling Fan(s), Central Air
Heating: Central
Exterior / Lot Features
Attached Garage: Attached Garage
Garage Spaces: 1
Roof: Shingle
Pool: Community, Indoor
Additional Exterior/Lot Features: Other, Buyer Approval Required
Community Features
Community Features: Pool, Clubhouse
Association Amenities: Maintenance Grounds
Homeowners Association: Yes
HOA Dues: $308 / Monthly
Unit Information
Unit 1 Units Total: 4
Unit 1 Actual Rent: 1260
Unit 1 Baths Total: 2
Unit 1 Beds Total: 2
Unit 2 Units Total: 13
Unit 2 Actual Rent: 1250
Unit 2 Baths Total: 1
Unit 2 Beds Total: 2
Unit 3 Units Total: 19
Unit 3 Actual Rent: 1250
Unit 3 Baths Total: 1
Unit 3 Beds Total: 1
Driving Directions
US 19 west Marine. Right on Parkway
Financial Considerations
Terms: Cash
Tenant Pays: Electricity
Gross Income: 541452
Tax/Property ID: 16-26-07-014.D-025.01-016.0
Tax Amount: 1080
Tax Year: 2025
A broker reciprocity listing courtesy: RE/MAX MARKETING SPECIALISTS
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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 4954 Bitner Street
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 4954 Bitner Street
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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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