$1,795,000
5622-5640 Missouri Ave
New Port Richey, FL 34652
Listing updated: June 1, 2026 at 10:29 AM ET
Listing courtesy of Bhhs Florida Properties Group · Alex Hamilton · MLS #TB8504064 · Active · 813-739-5700Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
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.
Local Insight
At $281/sqft for a 1979 duplex in New Port Richey, you're paying a premium price that hinges entirely on the income potential of the second unit—run the actual rental numbers carefully against local market rates, as the value here is really about cash flow, not appreciation. The 10-bed/8-bath layout suggests heavy conversion or multi-family use rather than a traditional owner-occupant play, so verify zoning allows your intended use and that the property isn't grandfathered into older regulations. Being in flood zone X is a genuine advantage for insurance costs, but at nearly $1.8M, you'll want a thorough inspection of a 45-year-old structure and clarity on what systems have actually been updated since 1979.
AI-generated insight based on listing data and neighborhood context. Verify independently.
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 history31 days on market
- Status: ActiveMay 1, 2026
- Listed$1,900,000May 1, 2026
- Price reduced$1,795,000
Facts & features
- Property type
- Residential
- Sub type
- Half Duplex
- Status
- Active
- Days on market
- 31
- Subdivision
- Town Of New Port Richey
- County
- Pasco
- Year built
- 1979
- Living area
- 6,378 sq ft
- Price/sq ft
- $281
- Building area
- 7,586 sq ft (Public Records)
- Lot size
- 22,651 sq ft
- Lot category
- 1/2 to less than 1
- Flood zone
- X
- Annual taxes
- $28,459 (2025)
- Parcel #
- 05-26-16-0030-10600-0080
- Zoning
- MF-2
- MLS #
- TB8504064
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Interior Details
- Bedrooms
- 10
- Full bathrooms
- 8
- Flooring
- Carpet, Tile
- Appliances
- Electric Water Heater, Microwave, Range, Refrigerator
- Interior features
- Ceiling Fans(s), Kitchen/Family Room Combo, Thermostat
- Laundry
- Other
- Stories / Levels
- One
- Direction faces
- North
Heating & Cooling
- Heating
- Heat Pump
- Cooling
- Central Air
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- CDD
- No
- Min lease term
- 1 Month
- Listing terms
- Cash, Conventional, Owner Financing
- Ownership
- Fee Simple
- Available for lease
- Yes
- Lease restrictions
- No
Exterior & Construction
- Exterior features
- Awning(s), Lighting, Sidewalk
- Construction materials
- Block, Stucco
- Roof
- Shingle
- Foundation
- Slab
- Road surface
- Asphalt
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- BB/HS Internet Available, Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected
Room Details
| Room | Level | Dimensions |
|---|---|---|
| Bedroom 1 | First | |
| Bedroom 2 | First | |
| Bedroom 3 | First | |
| Bedroom 4 | First | |
| Bedroom 5 | First | |
| Primary Bedroom | First | |
| Additional Bedroom | First | |
| Additional Bedroom | First | |
| Additional Bedroom | First | |
| Additional Bedroom | First | |
| Kitchen | First | |
| Living Room | First |
Listing Details
- Listing date
- 2026-04-29
- On market date
- 2026-05-01
- Original list price
- $1,900,000
- Occupant type
- Tenant
- MLS area
- 34652 - New Port Richey
- Listing AOR
- West Pasco
- Status changed
- 2026-05-01
- Tax legal description
- LOTS 8 9 & 10 BLOCK 106, PORT RICHEY COMPANY REVISED PLAN FOR TOWN OF NEW PORT RICHEY, according to the map or plat thereof recorded in Plat Book 4, Page 49, Public Records of Pasco County, Florida.
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
From Main Street heading west, turn left onto Grand Blvd then a right onto Missouri Ave. The property will be on your left.
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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 10:29 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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