- For Sale $1,900,000
- Property Type Multi-Family
- Property Size 7,586 SF
- Units 8
- Lot Size 0.52 Acre
- Year Built 1979
- Year Renovated 2025
- Date Updated Apr 30, 2026
Description
Well-located in downtown New Port Richey near the riverfront, parks, and retail amenities, just off Missouri Avenue and minutes from the vibrant downtown corridor. From Main street heading west, turn left onto Grand Blvd then a right onto Missouri Ave. The property will be on your left.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 100% 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. Seller financing available!
Highlights
- 0.52 Acres in Downtown New Port Richey
- 100% Occupied W/ Annual Leases
- 6x Units 1BR/1Bath/ 2x Units 2BR/1Bath
- 8-Unit Multifamily/ 4 Buildings W/ 2-Units Each
- New Roof 2025
- Rent Roll $131,400.00
- Zoned MF-2
False
Contacts
Alex Hamilton
Florida Properties Group
Location
Located at 5622-5640 Missouri Ave, New Port Richey, FL 34652, this property is part of the Downtown New Port Richey neighborhood and Tampa St Petersburg Clearwater market.
Contact Listing Broker
Alex Hamilton
Florida Properties Group