5622-5640 MISSOURI AVE, New Port Richey, FL 34652
5622-5640 MISSOURI AVE, New Port Richey, FL 34652
5622-5640 MISSOURI AVE, New Port Richey, FL 34652
5622-5640 MISSOURI AVE, New Port Richey, FL 34652
5622-5640 MISSOURI AVE, New Port Richey, FL 34652
5622-5640 MISSOURI AVE, New Port Richey, FL 34652
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$ 1,900,000
Est. payment | /mo

10 Beds

8 Baths

6,378 SqFt


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$ 1,900,000
Est. payment | /mo
Save

10 Beds

8 Baths

6,378 SqFt

Key Details

Property Type Single Family Home

Sub Type Half Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 6,378 sqft

Price per Sqft $297

Subdivision Town Of New Port Richey

MLS Listing ID TB8504064

Bedrooms 10

Full Baths 8

HOA Y/N No

Year Built 1979

Annual Tax Amount $28,459

Lot Size 0.520 Acres

Acres 0.52

Property Sub-Type Half Duplex

Source Stellar MLS

Property Description

Well-maintained 8-unit multifamily property located in the heart of downtown New Port Richey. The asset consists of four separate 2-unit buildings situated on an oversized lot, offering strong in-place income with long-term upside. The property is fully occupied with stable annual leases in place. Recent improvements include new roofs (2025) and fresh exterior paint (2025), with many units already updated. Several units remain below market rents, providing a clear path for future income growth. Current gross rents are $131,400 annually. Ideally positioned just minutes from the vibrant downtown corridor, riverfront, parks, restaurants, and retail, making this an attractive option for both tenants and investors.

Location

State FL

County Pasco

Community Town Of New Port Richey

Area 34652 - New Port Richey

Zoning MF-2

Interior

Interior Features Ceiling Fans(s), Kitchen/Family Room Combo, Thermostat

Heating Heat Pump

Cooling Central Air

Flooring Carpet, Tile

Furnishings Unfurnished

Fireplace false

Appliance Electric Water Heater, Microwave, Range, Refrigerator

Laundry Other

Exterior

Exterior Feature Awning(s), Lighting, Sidewalk

Community Features Street Lights

Utilities Available BB/HS Internet Available, Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected

Roof Type Shingle

Garage false

Private Pool No

Building

Entry Level One

Foundation Slab

Lot Size Range 1/2 to less than 1

Sewer Public Sewer

Water Public

Structure Type Block,Stucco

New Construction false

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional, Owner Financing

Listing Terms Cash, Conventional, Owner Financing

Special Listing Condition None

Stellar MLS
Listed by Alex Hamilton BHHS FLORIDA PROPERTIES GROUP

NEARBY SCHOOLS & PROPERTIES

JuanManuel Valdez

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5622-5640 MISSOURI AVE