5622 Missouri Ave - Multi-Family FOR SALE


New Port Richey, FL 34652- Town of New Port Richey
$1,900,000 USD
727-236-0103
5622 Missouri Ave, New Port Richey, FL for Sale
$1,900,000 USD
Multi-Family - FOR SALE
1/27
null | Request Cap Rate

5622 Missouri Ave
New Port Richey, FL 34652
Town of New Port Richey


HIGHLIGHTS

  • 8-Unit Multifamily/ 4 Buildings W/ 2-Units Each
  • 100% Occupied W/ Annual Leases
  • Rent Roll $131,400.00
  • 0.52 Acres in Downtown New Port Richey
  • New Roof 2025
  • 6x Units 1BR/1Bath/ 2x Units 2BR/1Bath

OVERVIEW

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!

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$242 USD /SF

# OF UNITS

8

PRICE/UNIT

$237,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8-Unit Multifamily | 100% Occupied

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

MF-2

APN/PARCEL ID

05-26-16-0030-10600-0080

ASK ABOUT THIS PROPERTY

Erica KieltyBerkshire Hathaway HomeServices Florida PropertiesMore Info
727-236-0103

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Erica KieltyBerkshire Hathaway HomeServices Florida PropertiesMore Info
727-236-0103

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.