BEDS10
BATHS8 full
SQUARE FEET6,378
MLS#TB8504064
STATUSActive
PROPERTY TYPEResidential -
SUBDIVISIONTOWN OF NEW PORT RICHEY
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.
Property Features
Property Type: Residential -
Cooling: Central Air
Heating: Heat Pump
Lot Size: 0.52 Acres
Roof Type: Shingle
Stories: 1.0
Taxes: $28,459
Year Built: 1979
Amenities
Ceiling Fans(s)
Kitchen/Family Room Combo
Thermostat
Awning(s)
Lighting
Sidewalk
Feature Descriptions
Appliances: Electric Water Heater, Microwave, Range, Refrigerator
Community Features: Street Lights
Days on Site: 26
Directions: From Main Street heading west, turn left onto Grand Blvd then a right onto Missouri Ave. The property will be on your left.
Exterior: Block, Stucco
Flood Zone Code: X
Flooring: Carpet, Tile
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Cash, Conventional, Owner Financing
Lot Dimensions: 0.52
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Half Duplex
Sewer: Public Sewer
Showing Instructions: Appointment Only, Call Listing Agent, Do Not Contact Tenants
Special Sale Provisions: None
Utilities: BB/HS Internet Available, Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected
Water: Public
Water Access Y/N: No
Zoning: MF-2
Listed By / Shown By
Listed By
Agency Name: BHHS FLORIDA PROPERTIES GROUP
Agency Contact: 813-739-5700
Shown By
Agency Title: Florida Executive Realty
Agency Phone: 813-908-8500
Estimate Your Payment
Estimated Payment
$ 7,154.33 per month $4,228.58 Principal & Interest $2,371.58 Property Tax $554.17 Homeowner's Insurance
5622-5640 Missouri Ave | MLS# TB8504064
This home located at 5622-5640 Missouri Ave, New Port Richey, FL 34652 is currently listed for sale with an asking price of $1,900,000. This property was built in 1979 and has 10 bedrooms and 8 full baths with 6378 sq. ft. 5622-5640 Missouri Ave is located in the TOWN OF NEW PORT RICHEY subdivision. Search TOWN OF NEW PORT RICHEY real estate on www.floridaexecutiverealty.com today.