About this property
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 100% 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 $133,080 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. Seller financing available!
Location Description
Well-located in downtown New Port Richey near the riverfront, parks, and retail amenities, just off Missouri Avenue and minutes from the vibrant downtown corridor. From Main street heading west, turn left onto Grand Blvd then a right onto Missouri Ave. The property will be on your left.
Highlights
- 8-Unit Multifamily/ 4 Buildings W/ 2-Units Each
- 100% Occupied W/ Annual Leases
- Rent Roll $133,080
- 0.52 Acres in Downtown New Port Richey
- New Roof 2025
- 6x Units 1BR/1Bath/ 2x Units 2BR/1Bath
- Zoned MF-2
Property details
- Property Type
- Residential
- Building Type
- Freestanding
- Building Size
- 7,586 sqft
- Land Size
- 0.52 acres
- Units
- 8
- Zoning
- MF-2
- Year Built
- 1979
- Roof
- 2025
Documents 1 file
Last updated: Oct 1, 2026
Location
- Address
-
5622 Missouri Avenue
New Port Richey, Florida 34652