1 of 55

Want to see this property?

5100 South Road

New Port Richey, FL 34652

3 beds
5 baths
2,753 sqft
15,000 sqft lot
$245 per sqft
1956 build
– on site

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 courtesy of STELLAR_MLS / FUTURE HOME REALTY INC

Last checked: Checking… • Last updated Apr 5, 2025 •

MLS# TB8370544 —

The Building

Year Built:

1956
New Construction:

false
Construction Materials:

Block
Levels:

One
Roof:

Other
Foundation Details:

Slab
# of Buildings:

1
Building Area Units:

Square Feet

Interior

Interior Features:

Built-in Features
Furnished:

Unfurnished
Flooring:

Ceramic Tile
Fireplace:

false

Room Dimensions

Living Area:

2753
Living Area Units:

Square Feet
Living Area Source:

Public Records

Location

Directions:

US Hwy 19 to East on South Rd.
Latitude:

28.246029
Longitude:

-82.729829
Coordinates:

-82.729829, 28.246029

The Property

Parcel Number:

162608001.0022.00001.0
Property Type:

Residential Income
Property Subtype:

Multi Family
Property Condition:

Completed
Lot Size Acres:

0.34
Lot Size Area:

15000
Lot Size SqFt:

15000
Lot Size Units:

Square Feet
Total Acres:

1/4 to less than 1/2
Zoning:

R1MH
View:

false
Exterior Features:

Outbuilding
Water Source:

Public
Road Responsibility:

Public Maintained Road
Road Surface Type:

Paved
Flood Zone Code:

AE
Flood Zone Panel:

12101C0351G
Additional Parcels:

false
Lease Restrictions:

false
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Lot:

22
Tax Block:

82616
Tax Legal Description:

TAMPA TARPON SPRINGS LAND COMPANY PB 1 PGS 68-70 WEST 100.00 FT OF NORTH 150.00 FT OF TRACT 22
Tax Book Number:

1-68-70
Tax Annual Amount:

5455

Beds

Bedrooms Total:

3

Baths

Total Baths:

5

The Listing

Virtual Tour URL Unbranded:

https://www.propertypanorama.com/instaview/stellar/TB8370544
Special Listing Conditions:

None

Heating & Cooling

Heating:

Central
Heating:

true
Cooling:

Central Air
Cooling:

true

Utilities

Utilities:

Cable Connected
Sewer:

Septic Tank

Appliances

Appliances:

Electric Water Heater
Laundry Features:

Common Area

Schools

Middle Or Junior School:

Gulf Middle-PO
High School:

Gulf High-PO

The Community

Subdivision Name:

TAMPA TARPON SPGS LAND CO
Senior Community:

false
Waterview:

false
Water Access:

false
Waterfront:

false
Pool Private:

false
Pets Allowed:

Yes
Association:

false
Ownership:

Fee Simple

Parking

Garage:

false
Carport:

false
Parking Features:

Assigned

Extra Units

Other Structures:

Other
# of Units Total:

1

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
4/4/25 Apr 4, 2025	Listed / Active	STELLAR_MLS	$675,000

Want a closer look?

Go see 5100 South Road

Or Call Toll Free 1-800-241-3327

We guarantee that we’ll never spam you.

* indicates a required field

More homes

Newest listings in New Port Richey, FL

Similar sold homes

This multifamily located in Country Acres, New Port Richey, FL 34652 is currently for sale for $675,000. 5100 South Road is a 2,753 square foot multifamily with 3 beds and 5 baths that has been on Estately for 3 days. 5100 South Road is in the Country Acres neighborhood of New Port Richey and has a WalkScore® of 51, making it somewhat walkable.

Listing Courtesy of: STELLAR_MLS and FUTURE HOME REALTY INC.

Based on information from the My Florida Regional MLS DBA Stellar MLS 2025.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Stellar MLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Stellar MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. For any questions please call (407) 499-8911.