
5100 South Rd New Port Richey, FL 34652
New Port Richey West NeighborhoodEstimated payment $3,907/month
Highlights
- 0.34 Acre Lot
- No HOA
- Laundry Room
- Open Floorplan
- Built-In Features
- Tankless Water Heater
About This Home
This well-maintained multiplex property offers a prime investment opportunity, featuring five fully-leased units that generate consistent income and significant potential for long-term financial growth. Each unit is freshly renovated with new a/c units, water heaters, fully remodeled kitchens, and remodeled bathrooms, appealing to tenants, ensuring a steady cash flow and low vacancy risk. The property is situated in a highly desirable neighborhood of New Port Richey, where demand for rental units remains strong, ensuring high occupancy rates and attractive rental yields. The location is ideal, with easy access to major transportation routes, shopping centers, and other local amenities, making it an even more appealing option for tenants.
The property is in turnkey condition, with regular maintenance and updates that minimize the need for immediate capital expenditures. With a block structure, a separate laundry building, and a newer roof (2020). With a proven track record of delivering strong returns and situated in an area that shows continued growth, this multiplex offers an exceptional chance for investors seeking a stable, income-producing asset with excellent long-term appreciation potential. The current owners are enjoying over a 7% Cap rate! Don't delay. Call today to set up a viewing of this fantastic investment property.
Listing Agent
FUTURE HOME REALTY INC Brokerage Phone: 813-855-4982 License #3155686 Listed on: 04/04/2025

Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,455
Year Built
- Built in 1956
Lot Details
- 0.34 Acre Lot
Home Design
- Slab Foundation
- Concrete Siding
- Block Exterior
- Stucco
Interior Spaces
- 2,753 Sq Ft Home
- Open Floorplan
- Built-In Features
- Ceiling Fan
- Ceramic Tile Flooring
- Range
- Laundry Room
Bedrooms and Bathrooms
- 3 Bedrooms
- 5 Bathrooms
Parking
- On-Street Parking
- Assigned Parking
Outdoor Features
- Exterior Lighting
- Private Mailbox
Schools
- Gulf Middle School
- Gulf High School
Utilities
- Central Heating and Cooling System
- Cooling System Mounted To A Wall/Window
- Thermostat
- Tankless Water Heater
- Septic Tank
- Cable TV Available
Listing and Financial Details
- Legal Lot and Block 22 / 82616
- Assessor Parcel Number 16-26-08-001.0-022.00-001.0
Community Details
Overview
- No Home Owners Association
- Tampa Tarpon Spgs Land Co Subdivision
Amenities
- Laundry Facilities
Pet Policy
- Pets Allowed
Building Details
- Operating Expense $17,074
- Gross Income $60,180
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
06/04/2025 06/04/25 | Price Changed | $625,000 | -3.7% | $227 / Sq Ft |
05/02/2025 05/02/25 | Price Changed | $649,000 | -2.4% | $236 / Sq Ft |
04/19/2025 04/19/25 | Price Changed | $665,000 | -1.5% | $242 / Sq Ft |
04/04/2025 04/04/25 | For Sale | $675,000 | -- | $245 / Sq Ft |
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