$479,999
5100 South Road
New Port Richey, FL 34652
Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
PRICE IMPROVEMENT!! Gross income over 60K annually. All capital improvements are done for immediate cash flow! Low keeping costs! Net income around $45k a year!! HOT NEW PORT RICHEY LOCATION with huge future upside potential! This well-maintained multiplex property offers a prime investment opportunity, featuring five fully-leased units that generate consistent income and significant potential for long-term financial growth. Each unit is freshly renovated with new a/c units, water heaters, fully remodeled kitchens, and remodeled bathrooms, appealing to tenants, ensuring a steady cash flow and low vacancy risk. The property is situated in a highly desirable neighborhood of New Port Richey, where demand for rental units remains strong, ensuring high occupancy rates and attractive rental yields. The location is ideal, with easy access to major transportation routes, shopping centers, and other local amenities, making it an even more appealing option for tenants. The property is in turnkey condition, with regular maintenance and updates that minimize the need for immediate capital expenditures. With a block structure, a separate laundry building, and a newer roof (2020). This investment has a proven track record of delivering strong returns and situated in an area that shows continued growth. This multiplex offers an exceptional chance for investors seeking a stable, income-producing asset with excellent long-term appreciation potential.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history411 days on market
- Status: ActiveMar 2, 2026
- Listed$675,000Apr 4, 2025
- Price reduced$479,999
Virtual Tour
Facts & features
- Property type
- Residential Income
- Sub type
- Multi-Family 5+
- Status
- Active
- Days on market
- 411
- Subdivision
- Tampa Tarpon Spgs Land Co
- County
- Pasco
- Year built
- 1956
- Living area
- 2,753 sq ft
- Price/sq ft
- $174
- Lot size
- 15,000 sq ft
- Lot category
- 1/4 to less than 1/2
- Flood zone
- AE (12101C0351G)
- Annual taxes
- $5,455 (2024)
- Parcel #
- 16-26-08-001.0-022.00-001.0
- Zoning
- R1MH
- MLS #
- TB8370544
Interior Details
- Bedrooms
- 3
- Flooring
- Ceramic Tile
- Appliances
- Electric Water Heater, Range, Refrigerator, Tankless Water Heater
- Interior features
- Built-in Features, Ceiling Fans(s), Open Floorplan, Thermostat
- Laundry
- Common Area, Laundry Room
- Stories / Levels
- One
Heating & Cooling
- Heating
- Central, Electric, Ductless
- Cooling
- Central Air, Wall/Window Unit(s)
Parking
- Parking features
- Assigned, Curb Parking, Guest
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- CDD
- No
- Ownership
- Fee Simple
- Available for lease
- Yes
- Lease restrictions
- No
- Additional lease restrictions
- Consult the city of NPR or Pasco County for any possible leasing restrictions. The seller is unaware of any restrictions.
Exterior & Construction
- Exterior features
- Outbuildings, Lighting, Private Mailbox
- Construction materials
- Block, Concrete, Stucco
- Roof
- Other
- Foundation
- Slab
- Road surface
- Paved
Utilities
- Sewer
- Septic Tank
- Water source
- Public
- Utilities
- Cable Connected, Electricity Connected, Fire Hydrant, Water Connected
Community
- Pets allowed
- Yes
Schools
Letter grades: Florida DOE 2024–25 school grades (Orange, Seminole, Lake, Osceola, Brevard). Assigned schools from the listing agent — verify enrollment with the district.
Listing Details
- Listing date
- 2025-04-04
- On market date
- 2025-04-04
- Original list price
- $675,000
- Occupant type
- Tenant
- MLS area
- 34652 - New Port Richey
- Listing AOR
- Suncoast Tampa
- Status changed
- 2026-03-02
- Tax legal description
- TAMPA TARPON SPRINGS LAND COMPANY PB 1 PGS 68-70 WEST 100.00 FT OF NORTH 150.00 FT OF TRACT 22
Flood risk
FEMA Special Flood Hazard Area (1% annual-chance / “100-year” floodplain). Flood insurance is generally required by mortgage lenders.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
US Hwy 19 to East on South Rd.
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Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of May 22, 2026 at 5:11 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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