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.
Features
Heating System:
Heat Pump
Cooling System:
Central Air
Flooring:
Tile
Sewer:
Public Sewer
Utilities:
Phone Available, Water Connected, BB/HS Internet Capable
Address Map
Country:
US
State:
FL
County:
Pasco
City:
New Port Richey
Zipcode:
34652
Street:
MISSOURI
Street Number:
5622-5640
Street Suffix:
AVENUE
Longitude:
W83° 16' 44.3''
Latitude:
N28° 14' 56.3''
Directions:
From Main Street heading west, turn left onto Grand Blvd then a right onto Missouri Ave. The property will be on your left.
Mls Area Major:
34652 - New Port Richey
Zoning:
MF-2
Additional Information
Water Source:
Public
On Market Date:
2026-04-29
Number Of Units Total:
8
Levels:
One
Foundation Details:
Slab
Construction Materials:
Block, Stucco
Building Size:
7586
Financial
Tax Annual Amount:
26525.11
Listing Information
Co List Agent Full Name:
Erica Kielty
Co List Agent Mls Id:
285514243
Co List Office Mls Id:
257006127
Co List Office Name:
BHHS FLORIDA PROPERTIES GROUP
List Agent Mls Id:
261569124
List Office Mls Id:
257006127
Listing Term:
Owner Financing
Mls Status:
Active
Modification Timestamp:
2026-04-29T20:37:10Z
Originating System Name:
Stellar
Special Listing Conditions:
None
Status Change Timestamp:
2026-04-29T20:17:01Z

Commercial Sale For Sale

5622-5640 Missouri Ave, New Port Richey, Florida 34652

6,378 Sqft
$1,900,000
Listing ID #TB8503245
Basic Details
Property Type :
Commercial Sale
Listing Type :
For Sale
Listing ID :
TB8503245
Price :
$1,900,000
Square Footage :
6,378 Sqft
Year Built :
1979
Lot Area :
0.52 Acre
Property Sub Type :
Multi-Family 5+
Agent info
Contact Agent

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