Active$3,186,000
4954 BITNER STREET
NEW PORT RICHEY, FL 34652
53 beds40 baths801 sqft
1 / 28
Active · Single Family
4954 BITNER STREET
NEW PORT RICHEY, FL 34652
Beds
53 beds
Baths
40 baths
Area
801 sqft
Single FamilyBuilt 19730 sqft lot1-car garageCentralCentral AirPool$3978/sqft107 days on market
About this home
New Port Colony | 36-Unit Multifamily Investment | New Port Richey, FL | 10% Cap Rate. 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. 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.
Facts & features
Interior
- Bedrooms
- 53
- Bathrooms
- 40
- Living area
- 801 sqft
- Heating
- Central
- Cooling
- Central Air
- Flooring
- Carpet, Ceramic Tile, Tile
- Features
- Ceiling Fans(s)
- Appliances
- Dryer, Refrigerator, Washer
Exterior & lot
- Lot size
- 0 sqft (0 ac)
- Pool
- Yes
- Roof
- Shingle
- Construction
- Block, Stucco
- Exterior
- Other
Parking
- Garage
- 1 space
Financial
- HOA dues
- $308 / monthly
- Annual tax
- $1,080 (2025)
- Price / sqft
- $3978/sqft
Utilities
- Water
- Public
- Sewer
- Public Sewer
- Utilities
- Cable Available, Cable Connected
Property
- Property type
- Single Family
- Year built
- 1973
- Subdivision
- NEW PORT COLONY
- County
- Pasco
Listing
- Status
- Active
- Days on market
- 42 days
- MLS #
- MFR789622090
- Source
- Stellar MLS
Listed by Nicholas Vavoulis · RE/MAX MARKETING SPECIALISTS
Listing data provided by Stellar MLS. Information deemed reliable but not guaranteed.
Estimate your monthly cost
PITI + HOAEstimated monthly payment$16,708/mo
- Principal & interest
- $16,110/mo
- Property tax
- $90/mo
- Home insurance
- $200/mo
- HOA dues
- $308/mo
Opens at 20% down over 30 years at 6.5%, the same assumptions as the answers below. Property tax is this listing's own 2025 bill. Insurance is left out until you enter a quote, because Florida premiums turn on roof age, elevation and carrier. Every field is editable.
Ask about this property
Answered from this listing’s own figures and the sales around it.
Price history
From the property’s MLS record.
| Date | Event | Price | Change |
|---|---|---|---|
| May 4, 2026 | Listed | $3,186,000 | — |
Neighbourhood
The schools below come from the MLS record for this home. Walking, transit and cycling figures for NEW PORT RICHEY, FL are not connected yet, so this page does not show them.
Elementary school
Not listed
Not named in the MLS record for this home
Middle school
Not listed
Not named in the MLS record for this home
High school
Not listed
Not named in the MLS record for this home
Location
Similar homes nearby
Homes for sale in NEW PORT RICHEY within the same price band.
