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5622-5640 MISSOURI AVE

For Sale
$1,795,000

BTC: 28.04687500

ETH: 1,008.42696629

-$105K (2026/06/01)
33 days
10 bds
8 ba
6,378 sqft

Overview

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

Details

Type:
Residential
Parking:
No Data
Year Built:
1979
Lot:
0.52 Acres
Heating:
Heat Pump
Price/sqft:
$281
Cooling:
Central Air
HOA:
No Data

Highlights

Annual tax
$28,459
2025
All facts and features
  • Flooring

    • Carpet

    • Tile

    Heating

    • Heat Pump

    Cooling

    • Central Air

    Appliances

    • Electric Water Heater

    • Microwave

    • Range

    • Refrigerator

    Other interior features

    • Ceiling Fan(s)

    • Kitchen/Family Room Combo

    • Thermostat

    Bedrooms and bathrooms

    • Bedrooms: 10

    • Full bathrooms: 8

  • Property

    • Levels: One

    • Exterior Features: Awning(s) / Lighting / Sidewalk

    Lot

    • Lot: 0.52 Acres

    Other Property Information

    • Parcel Number: 0526160030106000080

    • Zoning: MF-2

  • Type and style

    • Property Type: Residential

    • Property Sub Type: 1/2 Duplex

  • Utility

    • BB/HS Internet Available

    • Cable Available

    • Electricity Connected

    • Phone Available

    • Sewer Connected

    • Street Lights

    • Water Connected

  • Other financial information

    • Annual tax amount: $28,459

  • Source details

    • MLS ID: TB8504064

    Other facts

    • Construction Materials: Block / Stucco

    • Foundation Details: Slab

    • Laundry Features: Other

    • Direction Faces: North

    • Living Area: 6378

    • Water Source: Public

    • Subdivision Name: TOWN OF NEW PORT RICHEY

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: BHHS FLORIDA PROPERTIES GROUP