$3,186,000
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4954 Bitner Street, New Port Richey, FL 34652

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53 Beds
40 Baths
801 Sq Ft

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 By: Nicholas Vavoulis - RE/MAX MARKETING SPECIALISTS 727-853-7801flmfr Realty.com
  • MLS# W7885450
  • Date Listed05/04/2026
  • Days on Realty 31 Days
  • Bedrooms 53
  • Bathrooms 40 baths
  • Lot Size -
  • Sewer Public Sewer
  • Subdivision NEW PORT COLONY
  • Property Type Triplex
  • County Pasco
  • Year Built 1973
  • Water Public
  • Square Feet 801 sq. ft
  • Price Per Sq. Ft $3977.53

Interior Features

  • Appliances Dryer, Refrigerator, Washer
  • Flooring Carpet, Ceramic Tile, Tile
  • Cooling Central Air
  • Heating Central

Exterior / Lot Features

  • Exterior Other
  • Roof Shingle
  • Lot Size Acres -
  • Lot Size SQFT -
  • Lot Features -

Directions

US 19 west Marine. Right on Parkway

Financial Considerations

  • HOA Fee $308 Monthly
  • Tax Amount $1,080
  • Terms Cash, Conventional, FHA, VA Loan

Schools near 34652

Explore the local neighborhood highlights and top-rated schools near 34652 in New Port Richey, FL.

Nearby Schools

Source: School Digger

James M. Marlowe Elementary School

Public • PK - 5 • Serves this home

1.18 mi

Distance

Mittye P. Locke Elementary School

Public • PK - 5

1.54 mi

Distance

Richey Elementary School

Public • PK - 5

2.7 mi

Distance

Cotee River Elementary School

Public • PK - 5

3.74 mi

Distance

Gulf Trace Elementary School

Public • PK - 5

4.31 mi

Distance

Chasco Elementary School

Public • PK - 5

5.82 mi

Distance

Longleaf Elementary School

Public • PK - 5

7.67 mi

Distance

Fox Hollow Elementary School

Public • PK - 5

7.95 mi

Distance

Gulf Middle School

Public • 6 - 8 • Serves this home

2 mi

Distance

Pepin Academies - Pasco

Public • 3 - 12

5.76 mi

Distance

Chasco Middle School

Public • 6 - 8

5.82 mi

Distance

Paul R. Smith Middle School

Public • 6 - 8

6.47 mi

Distance

Pace Center For Girls

Public • 6 - 11

6.49 mi

Distance

Seven Springs Middle School

Public • 6 - 8

7.11 mi

Distance

Gulf High Adult Education

Public • 9 - 12 • Serves this home

1.16 mi

Distance

Gulf High School

Public • 9 - 12

1.16 mi

Distance

Fred K. Marchman Technical College

Public • 9 - 12

5.09 mi

Distance

Wendell Krinn Technical High School

Public • 9 - 12

5.09 mi

Distance

Wendell Krinn Technical High Adult School

Public • 9 - 12

5.09 mi

Distance

Anclote High Adult Education

Public • 9 - 12

6.47 mi

Distance

Anclote High School

Public • 9 - 12

6.47 mi

Distance

James W Mitchell High Adult

Public • 9 - 12

7.11 mi

Distance

James W. Mitchell High School

Public • 9 - 12

7.11 mi

Distance

Esther's School

Private • KG - 12

1.16 mi

Distance

Esther's School - New Port Richey

Private • KG - 12

1.16 mi

Distance

Esther School - Palmetto

Private • KG - 12

1.16 mi

Distance

Dream Academy Schools

Private • KG - 12

1.49 mi

Distance

Elfers Christian School

Private • PK - 12

1.86 mi

Distance

Fellowship Baptist Academy

Private • KG - 12

2.7 mi

Distance

Victory High School

Private • 09 - 12

2.87 mi

Distance

Web Of Wisdom

Private • KG - 12

4.54 mi

Distance

World Of Knowledge: A Montessori School

Private • KG - 12

4.59 mi

Distance

Genesis Preparatory School

Private • 06 - 12

5.79 mi

Distance

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for 34652

Discover key demographics, population statistics, and environmental insights for the New Port Richey, FL area.

Population & Environment

Source: Sperling's Best Places

Walkability in FL / 34652

Source: Walk Score

53/100

Somewhat Walkable

Walk Score ®

0/100

Minimal Transit

Transit Score ®

60/100

Bikable

Bike Score ®

Overview

Some errands can be accomplished on foot. It is possible to get on a bus. Some bike infrastructure.

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 25/100, Transit Score: 0/100, Bike Score: 39/100.

Points of Interest near 4954 BITNER STREET, NEW PORT RICHEY, FL 34652

Frequently Asked Questions for 4954 BITNER STREET

Source: Realty.com

4954 BITNER STREET, NEW PORT RICHEY, FL 34652 in NEW PORT COLONY, NEW PORT RICHEY, FL 34652 is a triplex listed at $3,186,000. Highlights include 53 bedrooms, 40 bathrooms, 801 sq. ft., built in 1973, $3,978 per sq. ft., HOA fee $308 Monthly. Realty.com has 27 photos, sales history, school insights, and mortgage too...

Realty.com has 27 photos of 4954 BITNER STREET.

Our records indicate that 4954 BITNER STREET was built in 1973.

The full address for this home is 4954 BITNER STREET, NEW PORT RICHEY, FL 34652.

4954 BITNER STREET has been listed on Realty.com since Mon May 04, 2026

Some errands can be accomplished on foot. It is possible to get on a bus. Some bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 25/100, Transit Score: 0/100, Bike Score: 39/100.

There are 3 schools assigned to this home. Check out the schools near 4954 BITNER STREET. James M. Marlowe Elementary School (Grades: PK - 5), Gulf Middle School (Grades: 6 - 8), Gulf High Adult Education (Grades: 9 - 12)

Listing provided courtesy of: Re/max Marketing Specialists (tel: 727-853-7801)
Listing agent: Nicholas Vavoulis (#285511027)

This content last refreshed on 2026-06-04 00:48:32. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.