New Port Richey FL Multi-Family Real Estate, Homes for Sale

3 Beds ⋅ 3 Baths ⋅ Town Country Villas SubDv. ⋅ 34652 Zip Code

This duplex was remodeled following the 2024 hurricane season, including impacts from Hurricane Helene and Hurricane Milton, with all work permitted and inspected by the City of New Port Richey for peace of mind. The south unit features two bedrooms, two bathrooms, a walk-in closet with attached utility room, washer and dryer hookups, central heat and air, and an open kitchen, dining area, and living area. The north unit offers one bedroom, one-bathroom, walk-in closet, kitchen, dining area, and living space-ideal for rental or multi-generation living. Both units are currently vacant and available for immediate showings, providing flexibility for owner-occupants or investors. Located in an area undergoing transformation, the City of New Port Richey is proposing infrastructure improvements including street repaving, sidewalks, street lighting, and future sewer conversion (currently on septic). Additionally, the area is proposed to be rezoned to R-4 Coastal Cottage District, which is intended to support higher-density residential development and redevelopment opportunities. Buyers are encouraged to verify all future plans, zoning changes, and utility updates directly with the city.

5615 Van Doren Avenue, New Port Richey

$499,900

4 Beds ⋅ 3 Baths ⋅ Seminole Point SubDv. ⋅ 34652 Zip Code

WATERFRONT! FULL IN-LAW QUARTERS/GUEST SUITE/APARTMENT with its own private entry and separate electric. RARE FIND!!! Great for Airbnb income producing! Home is TOTALLY REMODLED! BRAND NEW ROOF! House has 2,283 of living sq.ft with a total of 3,123 sq.ft. total under roof. Main house features 3-bedroom, 2-full bathroom, huge Bonus room/theatre room/game room, and living room both overlooking an unbelievably beautiful, tranquil, and breathtaking 83 feet of deep-water frontage, dining room, granite countertops, inside laundry room, ALL NEW Granite countertops, cabinets, stainless steel appliances, plantation shutters and blinds throughout, hurricane sliding doors, large 30X15 side porch, large 31X8 fully screened-in rear porch overlooking river,11X20 fully enclosed glass side lanai(possible 4th bedroom), outside open patio area for BBQ, huge side open garden area with a private security wall and wrought iron gate, fully reconstructed newer concreate seawall and so much more! IN-LAW QUARTERS/GUEST SUITE/APARTMENT features: 1-bedroom, 1-full bathroom w/large glass shower stall, Brand New kitchen cabinets, granite countertops, brand-new stainless-steel appliances, private entry and parking, open kitchen, eat-in kitchen area, living room and so much more! NO HOA! NO CDD FEES! NO DEED RESTRICTIONS! Additionally, the property has an extra-large driveway with plenty of room for RV or boat along with an additional side driveway for apartment, HUGE separate side yard 12X32 building workshop with sliding glass doors, work-bench, possible gym, or additional future guest house. Come enjoy fishing, kayaking, jet skiing, nights of grilling, boating right from your very own backyard and enjoying life looking out the extremely large pitcher window of that breathtaking panoramic view of the river under Oak Trees. Close to shops, restaurants, easy commute to and from Sun Coast/Veteran’s Highway, close to world-famous beaches, golf courses, Busch Gardens, culture and sport events in the Tampa and St. Petersburg area. Tampa airport and Tarpon Springs, Sponge Docks. COME SEE FLORIDA’S LIFESTYLE AT ITS BEST!!! A TRULY WATERFRONT PARADISE!

5822 River Road, New Port Richey

$3,186,000

53 Beds ⋅ 40 Baths ⋅ New Port Colony SubDv. ⋅ 34652 Zip Code

New Port Colony | 36-Unit Multifamily Investment | New Port Richey, FL | 10% Cap Rate. If you've been searching for a turnkey multifamily investment that truly checks every box, New Port Colony deserves your full attention. This 36-unit, 55+ community in New Port Richey, Florida is generating a 10% cap rate — and once you understand what's included, it's easy to see why. The unit mix is well-balanced, with 19 one-bedroom/one-bath, 13 two-bedroom/one-bath, and 4 two-bedroom/two-bath homes, all within a single complex. Every unit has been updated and comes equipped with central heating and air. And here's what really sets this property apart: all 36 units have their own private garage — washer/dryer hookups in the garage of each unit. Residents get their own parking and their own laundry, all tucked right outside their door. There's a pool, shuffleboard, and a neighborhood feel that residents take pride in. Residents have the option to join the Gulf Harbors Beach Club — one of the only private Gulf-front beach clubs in the area — for just $200 a year. It's a small cost that adds a lifestyle element most apartment communities simply can't offer. Day-to-day living is easy. Groceries, restaurants, shopping, and medical facilities are all close by, which matters a great deal to the 55+ residents who call this place home. The 55+ demographic is one of the most stable tenant bases in residential real estate — low turnover, consistent payment history, and genuine pride of residency. New Port Colony reflects all of that. Strong returns, updated units, a private garage, and a beach club down the road.

4954 Bitner Street, New Port Richey

$259,000

4 Beds ⋅ 2 Baths ⋅ New Port Richey City SubDv. ⋅ 34652 Zip Code

Great income producing duplex with roof less than five years old. One side was just updated in March 2026 with tile floor and walk in shower. Washer and dryer connections available. Property is in a no flood zone.

6937 Mcbride Court, New Port Richey

$279,900

2 Beds ⋅ 2 Baths ⋅ Port Richey Land Co Sub SubDv. ⋅ 34652 Zip Code

FULLY OCCUPIED CASH FLOWING DUPLEX FOR SALE IN NEW PORT RICHEY FL | TURNKEY INVESTMENT OPPORTUNITY | NO HOA | PRE INSPECTED Welcome to 5045 GREEN KEY ROAD, NEW PORT RICHEY, FL 34652, a 100 PERCENT OCCUPIED INCOME PRODUCING DUPLEX delivering IMMEDIATE CASH FLOW with BUILT IN TRANSPARENCY AND REDUCED INVESTOR RISK and NO HOA. This TURNKEY PROPERTY features a 2 BEDROOM 2 BATHROOM MAIN RESIDENCE PLUS A DETACHED 1 BEDROOM 1 BATHROOM UNIT, creating a DUAL INCOME STREAM ideal for both seasoned investors and first time buyers entering CASH FLOWING REAL ESTATE. The property has been RENOVATED INSIDE AND OUT, including NEW FLOORING, NEW COUNTERTOPS, NEW KITCHEN CABINETS, AND AN UPDATED BATHROOM, offering LOW DEFERRED MAINTENANCE, and sits on a SPACIOUS 0.27 ACRE LOT WITH VALUE ADD AND EXPANSION POTENTIAL. Major system upgrades include a BRAND NEW ROOF (2026), HVAC (2025), and WATER HEATER (2025), providing long term peace of mind for investors. Enjoy additional features including a LARGE SCREENED IN LANAI AND ENCLOSED PORCH, along with PRIVATE LIVING SPACES FOR EACH UNIT to support STRONG TENANT RETENTION. Investor advantages include SEPARATELY METERED ELECTRIC, with tenants paying their own electric, and ONE SHARED WATER METER, helping maintain a FAVORABLE EXPENSE STRUCTURE. This property also offers PRE LISTING DUE DILIGENCE COMPLETED, including a CLEAN 4 POINT INSPECTION AND WIND MITIGATION REPORT, with REPORTS AND FLOOR PLAN ATTACHED IN THE MLS, providing CONFIDENCE FOR FINANCING, POTENTIAL INSURANCE SAVINGS, AND A SMOOTHER CLOSING PROCESS. Ideally located just minutes from GREEN KEY BEACH, DOWNTOWN NEW PORT RICHEY, SIMS PARK, THE COTEE RIVER, SHOPPING, DINING, AND MAJOR ROADWAYS, this property benefits from a HIGH DEMAND RENTAL LOCATION WITH STRONG LONG TERM APPRECIATION POTENTIAL. This is a STABILIZED, INCOME PRODUCING ASSET NOT A PROJECT, offering the perfect combination of IMMEDIATE CASH FLOW, LOWER OPERATIONAL RISK, STRONG INFRASTRUCTURE UPGRADES, AND FUTURE UPSIDE. DON’T MISS THIS OPPORTUNITY TO SECURE A PERFORMING INVESTMENT PROPERTY IN A GROWING GULF COAST MARKET. SCHEDULE YOUR PRIVATE SHOWING TODAY.

5045 Green Key Road, New Port Richey

$325,000

4 Beds ⋅ 2 Baths ⋅ Verdes Gardens SubDv. ⋅ 34652 Zip Code

Great DUPLEX Investment Opportunity – Income-Producing Property! Put your money to work with this turn-key, updated duplex in a prime location near downtown New Port Richey. Featuring two spacious units, each offering just over 1,000 sq ft with desirable open floor plans, this property provides both immediate income and rental flexibility. One unit offers 3 bedrooms and 1 bath and is currently rented at $1,300 per month with long-term tenants on a yearly lease. The second unit features 2 bedrooms and 1 bath, has been newly remodeled, and is vacant—perfect for an owner-occupant or to lease at current market rent. Interior features of both units include: -Open-concept living and dining areas -Fresh neutral interior paint -Antique oak luxury vinyl plank flooring (scratch-resistant, waterproof, and stain-resistant) -Updated toilets, plumbing, and lighting fixtures -Inside laundry areas with washer & dryer hookups -Updated water heaters -Ample closet space -Appliance packages including refrigerator, dishwasher, stove, and range hood -Sliding glass doors leading to private patios -Each unit includes its own covered carport, storage space, and the property is enhanced by vinyl fencing and a newer roof (2022). Located just minutes from the Historic Downtown district of New Port Richey, with its charming shops and restaurants, as well as beautiful riverfront gatherings at Sims Park. The location alone makes this a standout investment opportunity. Whether you’re looking to expand your portfolio or live in one side while renting the other, this duplex offers strong income potential and long-term value.

7116-7118 Green Street, New Port Richey

$290,000

5 Beds ⋅ 2 Baths ⋅ Gulf Coast Estates SubDv. ⋅ 34652 Zip Code

Back on the market due to buyer financing .Completely Remodeled Duplex: A Turnkey Investment Opportunity! Both units have been completely renovated with modern finishes. They include new air conditioning, new appliances, updated kitchens and bathrooms, new flooring, fresh paint, and high-end fixtures. Everything has been meticulously renovated, offering low maintenance and peace of mind for years to come. Ideal for investors looking to generate immediate rental income or for owners who wish to live in one unit and rent out the other. Impeccable, modern, and move-in ready. Don't miss this exceptional opportunity to acquire a completely renovated duplex. Schedule your showing today!

7119-7121 Oakwood, New Port Richey

$350,000

2 Beds ⋅ 2 Baths ⋅ New Port Richey City SubDv. ⋅ 34653 Zip Code

MULTI-FAMILY ON MAIN STREET! 2 Separate Block Homes – Prime Downtown New Port Richey Location! Unlock incredible potential at 6100 Main Street, a unique duplex property offering the ultimate flexibility for investors and owner-occupants alike. Situated on a generous lot, this property features two separate, detached concrete block homes, providing superior privacy compared to traditional attached duplexes. The main residence is a spacious 2-bedroom, 1-bath home perfect for a primary residence or long-term rental. The second home is a private studio unit, which is ideal for an in-law suite, a private home office, or a high-performing short-term rental. Embrace the "New Port Richey Renaissance" with this prime location just moments from the vibrant downtown district. Leave the car at home and hop in your golf cart to reach Sims Park, the Cotee River, and a thriving scene of breweries, cafes, and restaurants. This property wins on true income potential, allowing you to live in the main home while the studio pays a portion of your mortgage, or rent both for maximum ROI. It also supports a modern work-from-home lifestyle, as the studio serves as a perfect distraction-free creative space or business office separate from your main living quarters OR open a business in the larger unit and live in the studio - subject to proper zoning. With solid block construction on both units, do not miss this opportunity to own a piece of Main Street with endless possibilities!

6100 Main Street Unit A, New Port Richey

$299,000

2 Beds ⋅ 2 Baths ⋅ Barby Heights 1st Add SubDv. ⋅ 34652 Zip Code

Duplex located in New Port Richey not in city limits. Located near dining and shopping. Front unit is a 2 bedroom 1 bath unit newly remodeled. Tenant will have access to indoor washer and dryer. Back unit is a 1 bedroom 1 bath and has also been remodeled. Property is fenced in back. Both units have their own a/c. Owner currently pays water and electric as well as garbage and lawn care. Both units are awaiting renewals.

4424 Terry Loop, New Port Richey

$179,000

2 Beds ⋅ 2 Baths ⋅ Kinney Sub SubDv. ⋅ 34652 Zip Code

Don’t miss this rare investment opportunity in the heart of downtown New Port Richey. This well-maintained duplex features two separate units, each with private entrances, individual driveways, and updated interiors, offering strong rental income with future upside. The roof was replaced in 2018, and the entire exterior was freshly painted in 2024. Unit 5718 features a remodeled kitchen, updated bathroom, fireplace, and a spacious Florida room. It currently functions as a large studio but can easily be converted into a one-bedroom layout. Tenant in place paying $1,000/month. Unit 5716 is a cozy studio with a recently remodeled bathroom and a private entrance off Washington Street. Tenant in place paying $900/month. Shared amenities include an exterior laundry area with washer and dryer (not coin-operated) and a large fenced yard. Both units have never experienced interior flooding. Tenants are on month-to-month leases, providing flexibility for future rental increases, repositioning, or redevelopment. Current gross annual rental income is $22,800. The property is ideally located just steps from downtown New Port Richey’s shops, restaurants, Sims Park, local festivals, and the scenic riverfront. Easy access to US-19 and the Suncoast Parkway makes commuting simple, and Gulf beaches are only a short drive away. This income-producing property offers immediate cash flow with long-term potential in one of Pasco County’s most walkable and desirable areas. Schedule your private showing today.

5716 Kenwood Avenue, New Port Richey

$459,999

3 Beds ⋅ 5 Baths ⋅ Tampa Tarpon Spgs Land Co SubDv. ⋅ 34652 Zip Code

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! Fire house next door is now completed. 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.

5100 South Road, New Port Richey

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