$123,500

5816 Congress Street

New Port Richey, FL 34653

Listing updated: June 6, 2026 at 7:09 AM ET

Pending

Beds

Baths

920

Sq Ft

1.83

Acres

2004

Built

◆1.83 acres◆$134/sqft

Condominium

Property type

2004

Year built

79,764 sqft

Lot size

$134

Price / sq ft

No HOA

HOA dues

216

Days on market

Flood zone

About this home

Updated condo in the heart of New Port Richey! This unit is one (1) of three (3) available investment properties, all currently rented and producing a combined monthly income of $4,650. An excellent investment opportunity with strong returns — this particular unit rents for $1,550/month, offering a ~14.4% gross cap rate and an estimated ~10.0% net cap rate (based on a 30% expense ratio). Recent appraisal and inspection reports are included in the attachments. This well-maintained 2-bedroom, 2-bath Unit features a spacious open living area, large kitchen, generous bedrooms, in-unit laundry, and extra storage space. Located minutes from beautiful Gulf beaches, shopping, dining, and entertainment, with easy access to Tampa, St. Petersburg, Clearwater, and the airport. The low HOA fee ($302/month) covers water, sewer, and trash. Whether you’re seeking a clean, affordable home or a high-performing, cash-flowing investment — this one checks all the boxes. Cash-only sale.

Local Insight

At $123,500 for a 2-bed condo in New Port Richey, you're getting solid value per square foot, but that AE flood zone designation is a serious consideration—you'll need flood insurance, which adds ongoing costs that aren't reflected in the purchase price. The 1.83-acre lot is unusually generous for a condo unit and could be a real asset if the community allows flexibility, but verify what you actually control versus shared common area. This price point suggests the property may need updates or there are other drawbacks, so a thorough inspection and review of HOA policies (or lack thereof) is essential before moving forward.

AI-generated insight based on listing data and neighborhood context. Verify independently.

Estimated monthly payment

Principal & interest$624

Property taxes$169

Home insurance (est.)$57

Down payment

20%

$24,700 downRate

6.5%

Term

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 history216 days on market

Status: Pending
Jun 6, 2026
Listed$129,500
Oct 7, 2025
Price reduced$123,500

Facts & features

Property type: Residential
Sub type: Condominium
Status: Pending
Days on market: 216
Subdivision: Glen Crest Condo
County: Pasco
Year built: 2004
Living area: 920 sq ft
Price/sq ft: $134
Lot size: 79,764 sq ft
Lot category: 1 to less than 2
Flood zone: AE (12101C0352G)
Annual taxes: $2,030 (2024)
Parcel #: 16-26-09-022.0-00B.00-102.0
Zoning: MF1
MLS #: TB8435439

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Interior Details

Bedrooms: 2
Full bathrooms: 2
Flooring: Ceramic Tile, Laminate
Appliances: Dishwasher, Disposal, Electric Water Heater, Freezer, Refrigerator
Interior features: Ceiling Fans(s)
Laundry: Electric Dryer Hookup, Washer Hookup
Stories / Levels: One
Direction faces: North

Heating & Cooling

Heating: Electric
Cooling: Central Air

HOA & Financial

Total monthly fees: $302/mo
Total annual fees: $3,624
HOA name: Qualified Property Management, Inc.
CDD: No
Min lease term: 1 Month
Listing terms: Cash
Ownership: Condominium
Available for lease: Yes
Lease restrictions: No
Additional lease restrictions: Contact management company for details

Exterior & Construction

Exterior features: Other, Sidewalk
Construction materials: Block
Roof: Metal
Foundation: Slab
Road surface: Asphalt

Utilities

Sewer: Public Sewer
Water source: Public
Utilities: Electricity Connected, Sewer Connected, Water Connected

Community

Pets allowed: Breed Restrictions, Cats OK, Dogs OK, Number Limit, Size Limit

Schools

ElementaryCotee River Elementary-POGreatSchools ↗

MiddleGulf Middle-POGreatSchools ↗

High SchoolGulf High-POGreatSchools ↗

Letter grades: Florida DOE 2024–25 school grades (Orange, Seminole, Lake, Osceola, Brevard). Assigned schools from the listing agent — verify enrollment with the district.

Room Details

Room	Level	Dimensions
Primary Bedroom	First	12x12
Primary Bathroom	First	6x8
Bedroom 2	First	12x12
Kitchen	First	6x10
Living Room	First	12x14

Listing Details

Listing date: 2025-10-06
On market date: 2025-10-07
Original list price: $129,500
Occupant type: Tenant
MLS area: 34653 - New Port Richey
Listing AOR: Suncoast Tampa
Status changed: 2026-06-06
Tax legal description: GLEN CREST CONDOMINIUM OR 6742 PG 1 BLDG B UNIT 102

Flood risk

High riskFEMA Zone AEPanel 12101C0352G

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

From Clearwater-Get on US-19 N, Continue north on US-19 / Alternate 19 through Pinellas and into Pasco County. Stay on US-19 N, then take the exit toward FL-54 / Little Rd / New Port Richey (depending on exact intersection). Turn onto FL-54 W (or Little Rd, then west) heading toward the interior of New Port Richey. From FL-54 or the local road you’re on, turn onto Congress St (or the local street system) and follow until you reach 5816 Congress St. From Tampa ? 5816 Congress St, New Port Richey, head west toward I-275 W (or appropriate highway connecting toward Pinellas). Take I-275 W across Tampa Bay via the Courtney Campbell Causeway into Pinellas County. Continue west/north as needed to connect with US-19 N / Alternate 19 N or a suitable highway that heads north through Pinellas into Pasco. Once in Pasco County, follow US-19 N / Alternate 19 N north and then take the FL-54 / Little Rd exit toward New Port Richey Navigate via local roads to Congress St, then to 5816 Congress St.

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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 June 6, 2026 at 7:09 AM 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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