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4841 6th St - Multi-Family in Zephyrhills 5 Unit Apartment Building Offered at $650,000 at a 8.84% Cap Rate Zephyrhills, FL 33542

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Investment Highlights

  • Concrete Block Construction on Duplexes
  • 100% Occupied
  • Long-term tenants in place

Executive Summary

Prime 5-Unit Income Property in Zephyrhills. Rare opportunity to acquire a 5-unit income property located in the heart of Zephyrhills, Florida, directly across from a city park. This well-positioned asset consists of two duplexes and one single-family residence, offering a desirable mix of unit types that appeals to long-term renters. The property is 100% occupied with stable, long-term tenants, providing immediate and consistent cash flow from day one. Tenants benefit from a walkable location, green space views, and proximity to downtown Zephyrhills, shopping, dining, schools, and major thoroughfares. This offering presents significant value-add potential, including rent optimization, operational efficiencies, and future improvements to further enhance returns. The park-front setting and central location also support strong long-term demand and appreciation.
Ideal for both seasoned investors and those seeking a solid addition to a growing rental portfolio, this property combines steady income, desirable location, and upside opportunity in one of Pasco County’s established rental markets.

Financial Summary (Actual - 2025)

Annual Annual Per SF
Gross Rental Income $72,480 $15.85
Other Income - -
Vacancy Loss - -
Effective Gross Income $72,480 $15.85
Taxes $11,000 $2.41
Operating Expenses $4,000 $0.87
Total Expenses $15,000 $3.28
Net Operating Income $57,480 $12.57

Financial Summary (Actual - 2025)

Gross Rental Income
Annual $72,480
Annual Per SF $15.85
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $72,480
Annual Per SF $15.85
Taxes
Annual $11,000
Annual Per SF $2.41
Operating Expenses
Annual $4,000
Annual Per SF $0.87
Total Expenses
Annual $15,000
Annual Per SF $3.28
Net Operating Income
Annual $57,480
Annual Per SF $12.57

Property Facts

Price $650,000
Price Per Unit $130,000
Sale Type Investment
Cap Rate 8.84%
Gross Rent Multiplier 8.96
No. Units 5
Property Type
Multifamily
  • Multifamily Apartments
Apartment Style Garden
Lot Size 0.45 AC
Building Size 4,572 SF
Average Occupancy 100%
No. Stories 1
Year Built 1985
Zoning SD - Special District City of Zephyrhills

Amenities

Unit Amenities

  • Air Conditioning
  • Tile Floors
  • Oven
  • Tub/Shower
  • Carpet
  • Family Room
  • Patio
  • Porch
  • Vinyl Flooring

Site Amenities

  • 24 Hour Access

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 4 $1,273 784
2+2 1 $1,195 984
  • Listing ID: 39371724

  • Date on Market: 2/9/2026

  • Last Updated:

  • Address: 4841 6th St, Zephyrhills, FL 33542

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