Off market since Jul 2026

The Story

5622-5640 Missouri Avenue

New Port Richey, FL 34652 · Residential

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.


Facts & Features

Property Info

Price
$1,795,000
Completion Year
1,979
Living Space
6,378 sq ft
Bedrooms
10
Bathrooms
8
Lot size
1 acres

Features & Amenities

Cooling

Central Air

Heating

Heat Pump

Appliances

Electric Water Heater, Microwave, Range, Refrigerator

Flooring

Carpet, Tile

Roof

Shingle

Exterior

Awning(s), Lighting

Water Source

Public

Sewer

Public Sewer

Listing Broker

BHHS FLORIDA PROPERTIES GROUP

Broker Name

BHHS FLORIDA PROPERTIES GROUP

Agent

Alex Hamilton