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$479,999
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Property Description
PRICE IMPROVEMENT!! Gross income over 60K annually. All capital improvements are done for immediate cash flow! Low keeping costs! Net income around $45k a year!! HOT NEW PORT RICHEY LOCATION with huge future upside potential! 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). This investment has 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.
Full Property Details
Full Property Details for 5100 S Rd
General
- Price: $479,999
- Taxes: $5,455 (2024)
- Status: Active
- Type: Single Family
- Source: MidFloridaRegionalMLS
- MLS ID: TB8370544
- Updated: 4/21/2026
- Added to Site: 396 day(s) ago
Rental Information
- Lease/Rent Term: 12 Months
Interior
- Interior Features: Built-in Features, Ceiling Fan(s), Open Floorplan, Thermostat
- Appliances: Electric Water Heater, Range, Refrigerator, Tankless Water Heater
- Furnishings: Unfurnished
- Flooring: Ceramic Tile
Rooms
Bathrooms
- Total Bathrooms: 5
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Laundry: Common Area, Laundry Room
Exterior
- Exterior Features: Outbuilding, Lighting, Private Mailbox
Parking
- Parking Features: Assigned, Curb Parking, Guest
Location
- Area: 34652 - New Port Richey
- County: Pasco
- Development Name: 34652 - New Port Richey
- Subdivision: TAMPA TARPON SPGS LAND CO
- Driving Directions: US Hwy 19 to East on South Rd.
School Information
- Middle School: Gulf Middle-PO
- High School: Gulf High-PO
Community
- Community Name: 34652 - New Port Richey
Heating & Cooling
- Cooling Type: Central Air, Wall/Window Unit(s)
- Heating Type: Central, Electric, Wall Units / Window Unit
Utilities
- Sewer: Septic Tank
- Water: Public
- Utility Description: Cable Connected, Electricity Connected, Fire Hydrant, Street Lights, Water Connected
Structural Information
- # Buildings: 1
- Exterior Const.: Block, Concrete, Stucco
- Roof: Other
- Stories/Levels: One
- Square Feet: 2,753
- Sq. Ft. Source: Public Records
- Year Built: 1956
Additional Structures
- Other Structures: Other
Lot Features
- Lot Size (Acres): 0.34
- Lot Size (Sq. Ft.): 15,000
- Lot Size: 15000
- Street/Road Desc.: Paved
Financial Considerations
- Tax Amount: $5,455
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: TAMPA TARPON SPRINGS LAND COMPANY PB 1 PGS 68-70 WEST 100.00 FT OF NORTH 150.00 FT OF TRACT 22
- Flood Zone Info: AE
- APN: 162608001.0022.00001.0
- Property ID: 162608001.0022.00001.0
- Block/Lot/Section: 82616
Listed by Future Home Realty Inc
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Schools
Schools serving 5100 S Rd
School District:Pasco County School District
| Name | Grades | Distance |
|---|---|---|
Richey Elementary School 6850 Adams Street, New Port Richey, FL 34652 | K-5 | 1.1 mi |
Gulf Middle School, New Port Richey, FL 6419 Louisiana Avenue, New Port Richey, FL 34653 | 6-8 | 1.3 mi |
Gulf High School 5355 School Road, New Port Richey, FL 34652 | 9-12 | 1.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5100 S Rd
Date
Details
Price
Change
Source
4/21/2026
Price Reduced
$479,999
—
MLS
4/07/2026
Price Reduced
$480,000
-3.81%
MLS
3/18/2026
Price Reduced
$498,990
—
MLS
3/13/2026
Price Reduced
$498,999
—
MLS
3/02/2026
Price Reduced
$499,000
-0.15%
MLS
2/23/2026
Price Reduced
$499,749
—
MLS
2/18/2026
Price Reduced
$499,750
-0.03%
MLS
2/06/2026
Price Reduced
$499,900
-9.06%
MLS
1/05/2026
Price Reduced
$549,700
-0.02%
MLS
12/29/2025
Price Reduced
$549,800
-0.01%
MLS
12/08/2025
Price Reduced
$549,850
-0.01%
MLS
11/14/2025
Price Reduced
$549,900
-8.15%
MLS
11/06/2025
Price Reduced
$598,700
-0.02%
MLS
10/31/2025
Price Reduced
$598,800
-0.02%
MLS
10/09/2025
Price Reduced
$598,900
-0.01%
MLS
9/25/2025
Price Reduced
$598,930
—
MLS
9/18/2025
Price Reduced
$598,940
—
MLS
9/16/2025
Price Reduced
$598,949
—
MLS
4/04/2025
Listed
$598,950
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5100 S Rd
5100 South Road, New Port Richey, FL 34652 (MLS# TB8370544) is a Single Family property with 3 bedrooms and 0 full bathrooms. 5100 South Road is currently listed for $479,999 and was received on April 04, 2025. Want to learn more about 5100 South Road? Do you have questions about finding other Single Family real estate for sale in New Port Richey? You can browse all New Port Richey real estate or contact a Coldwell Banker agent to request more information.

