Listed by Berkshire Hathaway HomeServices Florida Properties Group, Florida Properties Group
$1,795,000
5622-5640 Missouri Ave | 8-Unit Multifamily | 100% Occupied
Details
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Units 8
Cap Rate 5.20%
Tenancy Multi
Class B
Year Built 1979
Acreage 0.520
Multifamily
Marketing description
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 $133,080 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!
Investment highlights
- 8-Unit Multifamily/ 4 Buildings W/ 2-Units Each
- 100% Occupied W/ Annual Leases
- Rent Roll $133,080
- 0.52 Acres in Downtown New Port Richey
- New Roof 2025
- 6x Units 1BR/1Bath/ 2x Units 2BR/1Bath
- Zoned MF-2
Listing Contacts
Listed by Berkshire Hathaway HomeServices Florida Properties Group, Florida Properties Group
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Zoning
MF-14 ResidentialMulti FamilyMedium Density Residential
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View all 6 uses Last updated May 25, 2026 For deeper zoning details, reports are available at Zoneomics
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