Sarasota's Premier Homes

5622-5640 MISSOURI AVE

NEW PORT RICHEY, FL 34652

MLS#: TB8504064

$1,900,000

Status: Active
Listing number: TB8504064
Listing provided by: BHHS FLORIDA PROPERTIES GROUP
Listing agent phone: None
Last update: 8 days ago
On site: 8 days ago
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TOWN OF NEW PORT RICHEY - Residential

Property

Beds

10

Full Baths

8

1/2 Baths

None

Year Built

1979

Sq.Footage

6,378

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 & Amenities

Interior

  • Total Bedrooms

    10

  • Bathrooms

    8

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Heat Pump

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Block, Stucco

  • Other Exterior Features

    Awning(s), Lighting

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.52

  • Lot Size(square feet)

    22651.0

  • Property Type

    Residential

Price

  • Sales Price

    $1,900,000

  • Tax Amount

    $28,459.23

  • Sq. Footage

    6, 378

  • Price/SqFt

    $297

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • New Construction

    NO

  • Foundation Details

    Slab

  • Ownership

    Fee Simple

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

  • Tax Lot

    8, 9, 10

  • Water Source

    Public

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Location

County

Pasco

Elementary School

Middle School

High School

Listing Courtesy of Alex Hamilton , BHHS FLORIDA PROPERTIES GROUP

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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.

5622-5640 MISSOURI AVE

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