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$3,186,000

  • For Sale
  • Active
  • Triplex
  • 53 Beds
  • 40 Total Baths
  • 801 Sq. Ft.
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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.

Full Property Details for 4954 Bitner St

General

  • Price: $3,186,000
  • HOA FEE: $308/month
  • Taxes: $1,080 (2025)
  • Status: Active
  • Type: Triplex
  • Source: MidFloridaRegionalMLS
  • MLS ID: W7885450
  • Updated: 5/5/2026
  • Added to Site: 20 day(s) ago

Rental Information

  • Min. Lease: No Minimum

Interior

  • Interior Features: Ceiling Fan(s)
  • Appliances: Dryer, Refrigerator, Washer
  • Flooring: Carpet, Ceramic Tile, Tile

Rooms

Bathrooms

  • Total Bathrooms: 40

Bedrooms

  • Total Bedrooms: 53

Other Rooms

  • Laundry: Inside

Additional Information

  • Shared Amenities: Maintenance
  • Pool: Yes
  • Private Pool: Yes
  • Pool Description: Indoor

Exterior

  • Exterior Features: Other

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 1
  • Covered Spaces: 1

Location

  • Area: 34652 - New Port Richey
  • County: Pasco
  • Development Name: 34652 - New Port Richey
  • Subdivision: NEW PORT COLONY
  • Driving Directions: US 19 west Marine. Right on Parkway

Community

  • Community Name: 34652 - New Port Richey
  • Community Features: Buyer Approval Required, Clubhouse, Pool
  • Optional Amenities: Maintenance
  • Association: Yes
  • Assoc. Name: Nick Toucton
  • Number of Pets: 2
  • Adult Community: Yes

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Central

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Cable TV Available, Cable Connected

Structural Information

  • # Buildings: 36
  • Exterior Const.: Block, Stucco
  • Roof: Shingle
  • Stories/Levels: One
  • Square Feet: 801
  • Sq. Ft. Source: Public Records
  • Year Built: 1973

Lot Features

  • Street/Road Desc.: Asphalt

Financial Considerations

  • Association Fee: $308
  • Assoc Fee Freq.: Monthly
  • Assoc Fee Desc.: Required
  • Tax Amount: $1,080
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: None
  • 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)
  • Flood Zone Info: AE
  • APN: 162607014.D025.01016.0
  • Property ID: 162607014.D025.01016.0
  • Block/Lot/Section: 25

Listed by Re/Max Marketing Specialists

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— 4954 Bitner St —

  • Re/Max Marketing Specialists

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NMLS#: 1598647

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NMLS#: 1598647

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Schools serving 4954 Bitner St

School District:Pasco County School District
NameGradesDistance
Richey Elementary School
6850 Adams Street, New Port Richey, FL 34652
K-51.7 mi
Gulf Middle School, New Port Richey, FL
6419 Louisiana Avenue, New Port Richey, FL 34653
6-81.6 mi
Gulf High School
5355 School Road, New Port Richey, FL 34652
9-120.9 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 4954 Bitner St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/04/2026
Listed
$3,186,000
5440.87%
MLS
11/08/2018
Sold
$57,500
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 4954 Bitner St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,029
-14%
$48,746
-24%
2024
$1,198
6%
$64,510
1%
2023
$1,131
32%
$63,814
47%
2021
$856
-12%
$43,545
-25%
2022
$973
14%
$57,807
37%
2021
$856
19%
$42,234
23%
2019
$722
3%
$34,416
3%
2018
$701
338%
$33,395
39%
2017
$160
34%
$24,108
2%
2016
$119
—
$23,612
—
2015
$119
9%
$23,636
2%
2013
$109
—
$23,262
1%
2013
$109
—
$23,074
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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4954 Bitner Street, New Port Richey, FL 34652 (MLS# W7885450) is a Triplex property with 53 bedrooms and 0 full bathrooms. 4954 Bitner Street is currently listed for $3,186,000 and was received on May 04, 2026. Want to learn more about 4954 Bitner Street? Do you have questions about finding other Triplex real estate for sale in New Port Richey? You can browse all New Port Richey real estate or contact a Coldwell Banker agent to request more information.

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