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+
