$475,000
5836-5848 Madison Street
New Port Richey, FL 34652
Listing updated: June 1, 2026 at 2:45 PM ET
Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
Attention Investors! Huge price improvement! Don't miss this rare and unique opportunity to purchase 2 side-by-side block duplexes to give you a total of 4 rental units situated on 3 lots!!! Each spacious 1 bed, 1 bath unit has it's own driveway, carport, and separate utility/storage room! Newer roof-only 2 years old - on 5844 & 5848. Radiant already in each unit. Two units already have updated tile flooring. Some newer water heaters and electrical panels. Current tenants month to month, so you can increase rent to market value immediately!
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 history67 days on market
- Status: ActiveMar 26, 2026
- Listed$550,000Mar 26, 2026
- Price reduced$475,000
Facts & features
- Property type
- Residential Income
- Sub type
- Quadruplex
- Status
- Active
- Days on market
- 67
- Subdivision
- Covert Square
- County
- Pasco
- Year built
- 1972
- Living area
- 2,336 sq ft
- Price/sq ft
- $203
- Lot size
- 13,500 sq ft
- Lot category
- 1/4 to less than 1/2
- Flood zone
- X (12101C0352G)
- Annual taxes
- $6,467 (2025)
- Parcel #
- 16-26-09-007.A-160.00-001.0
- Zoning
- R3
- MLS #
- TB8490956
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Interior Details
- Bedrooms
- 4
- Interior features
- Open Floorplan, Thermostat, Window Treatments
- Laundry
- Inside, Laundry Closet
Heating & Cooling
- Heating
- Radiant Ceiling
- Cooling
- Wall/Window Unit(s)
Parking
- Carport
- Yes
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- CDD
- No
- Ownership
- Fee Simple
Exterior & Construction
- Exterior features
- Private Entrance, Rain Gutters, Sidewalk
- Construction materials
- Block
- Roof
- Shingle
- Foundation
- Slab
- Road surface
- Concrete
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- Public
Listing Details
- Listing date
- 2026-03-24
- On market date
- 2026-03-26
- Original list price
- $550,000
- MLS area
- 34652 - New Port Richey
- Listing AOR
- Suncoast Tampa
- Status changed
- 2026-03-26
- Tax legal description
- COVERT SQUARE REPLAT BLOCK 160 NEW PORT RICHEY PB 2 PG 72 WEST 90.00 FT OF LOTS 1 2 & 3 OR 1378 PG 100 OR 9340 PG 3620
Flood risk
Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
Hwy 19N to Gulf Drive. Turn right. 1 Mile turn left onto Madison Street. Duplexes on right.
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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 1, 2026 at 2:45 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.
Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA