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8-Unit Multifamily | 100% Occupied 5622 Missouri Ave 8 Unit Apartment Building $1,795,000 ($224,375/Unit) New Port Richey, FL 34652
Investment Highlights
- 8-Unit Multifamily/ 4 Buildings W/ 2-Units Each
- Rent Roll $131,400.00
- New Roof 2025
- 100% Occupied W/ Annual Leases
- 0.52 Acres in Downtown New Port Richey
- 6x Units 1BR/1Bath/ 2x Units 2BR/1Bath
Executive Summary
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!
Property Facts
| Price | $1,795,000 | Building Class | C |
| Price Per Unit | $224,375 | Lot Size | 0.52 AC |
| Sale Type | Investment | Building Size | 7,856 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1979 |
| Zoning | MF-2 | ||
| Price | $1,795,000 |
| Price Per Unit | $224,375 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.52 AC |
| Building Size | 7,856 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1979 |
| Zoning | MF-2 |
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Moderately walkable
60/100
Moderately drivable
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 05-26-16-0030-10600-0080 | Improvements Assessment | $1,034,560 |
| Land Assessment | $101,115 | Total Assessment | $1,135,675 |
Property Taxes
Parcel Number
05-26-16-0030-10600-0080
Land Assessment
$101,115
Improvements Assessment
$1,034,560
Total Assessment
$1,135,675
Contacts
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Erica Kielty -
Alex Hamilton -
Berkshire Hathaway HomeServices Florida Properties
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