Ginette Dearing
REALTOR®
SQUARE FEET7,586
MLS#TB8503245
STATUSActive
PROPERTY TYPECommercial - Multiple
Property 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 fully 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.
Property Features
Property Type: Commercial - Multiple
Cooling: Central Air
Heating: Heat Pump
Lot Size: 0.52 Acres
Stories: 1.0
Taxes: $26,525
Year Built: 1979
Feature Descriptions
Directions: From Main Street heading west, turn left onto Grand Blvd then a right onto Missouri Ave. The property will be on your left.
Exterior: Block, Stucco
Flood Zone Code: X
Flooring: Tile
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Owner Financing
Lot Dimensions: 0.52
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Multi-Family 5+
Sale Includes: Building(s) and Land, Leases
Sewer: Public Sewer
Showing Instructions: Appointment Only, Call Listing Agent, Do Not Contact Tenants, Listing Agent Must Accompany
Special Sale Provisions: None
Units: 8
Utilities: BB/HS Internet Capable, Phone Available, Water Connected
Water: Public
Water Access Y/N: No
Zoning: MF-2
Listed By / Shown By
Listed By
Agency Name: BHHS FLORIDA PROPERTIES GROUP
Agency Contact: 813-739-5700
Shown By
Agent Name: Ginette Dearing
Agent Phone:
Agency Title: Florida Executive Realty
Ginette Dearing
Cell: (813) 682-8861
Email Me
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5622-5640 Missouri Avenue | MLS# TB8503245
This commercial property located at 5622-5640 Missouri Avenue , New Port Richey, FL 34652 is currently listed for sale with an asking price of $1,900,000. Search New Port Richey real estate on gdearing.floridaexecutiverealty.com today.