There are multiple listings for this address:
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.
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.
Property Details
Price:
$2,800,000
MLS #:
W7885450
Status:
Active
Beds:
53
Baths:
40
Type:
Multi Family
Subtype:
Triplex
Subdivision:
NEW PORT COLONY
Neighborhood:
34652newportrichey
Listed Date:
May 4, 2026
Finished Sq Ft:
801
Total Sq Ft:
1,087
Year Built:
1973
See this Listing
Schools
Interior
Appliances
Dryer, Refrigerator, Washer
Cooling
Central Air
Flooring
Carpet, Ceramic Tile, Tile
Heating
Central
Interior Features
Ceiling Fan(s)
Laundry Features
Inside
Levels
One
Exterior
Association Amenities
Maintenance
Attached Garage YN
1
Community
55+
Community Features
Buyer Approval Required, Clubhouse, Pool
Construction Materials
Block, Stucco
Covered Spaces
1
Exterior Features
Other
Garage Spaces
1
Roof
Shingle
Senior Community YN
1
Financial
HOA Fee
$308
HOA Fee Frequency
Monthly
HOA Name
Nick Toucton
Tax Year
2025
Taxes
$1,080
Map
Community
- Address4954 BITNER STREET NEW PORT RICHEY FL
- SubdivisionNEW PORT COLONY
- CityNEW PORT RICHEY
- CountyPasco
- Zip Code34652
Subdivisions in NEW PORT RICHEY
Market Summary
Current real estate data for Multi Family in NEW PORT RICHEY as of Aug 29, 2026
15
Multi Family Listed
171
Avg DOM
420
Avg $ / SqFt
$491,030
Avg List Price
Property Summary
- Located in the NEW PORT COLONY subdivision, 4954 BITNER STREET NEW PORT RICHEY FL is a Multi Family for sale in NEW PORT RICHEY, FL, 34652. It is listed for $2,800,000 To schedule a showing of MLS#w7885450 at 4954 BITNER STREET in NEW PORT RICHEY, FL, contact your InvestPro Properties, Inc. agent at 561-203-7022.
Similar Listings Nearby
Courtesy of RE/MAX MARKETING SPECIALISTS. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Orlando/Tampa – FL. Detailed information about real estate listings held by brokerage firms other than InvestPro Properties, Inc. include the name of the listing broker. Neither the listing company nor InvestPro Properties, Inc. shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. Orlando/Tampa – FL. All rights reserved. 4954 BITNER STREET
NEW PORT RICHEY, FL
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.
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.
Property Details
Price:
$2,800,000
MLS #:
W7885459
Status:
Active
Beds:
53
Baths:
40
Type:
Single Family
Subtype:
Triplex
Subdivision:
NEW PORT COLONY
Neighborhood:
34652newportrichey
Listed Date:
May 4, 2026
Finished Sq Ft:
801
Total Sq Ft:
1,087
Year Built:
1973
See this Listing
Schools
Interior
Appliances
Dryer, Refrigerator, Washer
Cooling
Central Air
Flooring
Carpet, Ceramic Tile, Tile
Heating
Central
Interior Features
Ceiling Fan(s)
Laundry Features
Inside
Levels
One
Exterior
Association Amenities
Maintenance
Attached Garage YN
1
Community
55+
Community Features
Buyer Approval Required, Clubhouse, Pool
Construction Materials
Block, Stucco
Covered Spaces
1
Exterior Features
Other
Garage Spaces
1
Roof
Shingle
Senior Community YN
1
Financial
HOA Fee
$308
HOA Fee Frequency
Monthly
HOA Name
Nick Toucton
Tax Year
2025
Taxes
$1,080
Map
Community
- Address4954 BITNER STREET NEW PORT RICHEY FL
- SubdivisionNEW PORT COLONY
- CityNEW PORT RICHEY
- CountyPasco
- Zip Code34652
Subdivisions in NEW PORT RICHEY
Market Summary
Current real estate data for Single Family in NEW PORT RICHEY as of Aug 29, 2026
15
Single Family Listed
171
Avg DOM
420
Avg $ / SqFt
$491,030
Avg List Price
Property Summary
- Located in the NEW PORT COLONY subdivision, 4954 BITNER STREET NEW PORT RICHEY FL is a Single Family for sale in NEW PORT RICHEY, FL, 34652. It is listed for $2,800,000 and features 53 beds, 40 baths, and has approximately 801 square feet of living space, and was originally constructed in 1973. The current price per square foot is $3,496. The average price per square foot for Single Family listings in NEW PORT RICHEY is $420. The average listing price for Single Family in NEW PORT RICHEY is $491,030. To schedule a showing of MLS#w7885459 at 4954 BITNER STREET in NEW PORT RICHEY, FL, contact your InvestPro Properties, Inc. agent at 561-203-7022.
