Courtesy: RE/MAX MARKETING SPECIALISTS
727-853-7801
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.
Courtesy: FEEL GREAT REAL ESTATE
813-494-2595
Here is your opportunity to purchase a quadplex, with the possibility of it becoming a 6-plex, in booming New Port Richey. Fantastic location, just a few blocks from Downtown, Simms Park, Orange Lake, and just 1 block from the river. This is a great value add with skyrocketing rental prices in the area. Sitting on a huge 15,000 sqft lot, the front main building has 3 units, with 2 of the larger 1/1 downstairs, and a 2/1 with central air with massive private balcony. The building also houses a storage room, and a utility room complete with washer/dryer hookup. The middle building is an adorable 1/1 detached Bungalow, with the classic wood siding. The back building is a block duplex with identical 1/1 units that is currently non-conforming, but city may approve occupancy. All units have separate electric meters with tenants paying their own electric. There is a 7th electric meter which controls the utility room, and common grounds. There is ample parking for all units and a large yard providing greenspace. This is a great buy and hold, with New Port Richey expanding rapidly, and the influx of capital being poured into downtown and the surrounding area. Do not disturb the tenants for any reason. Seller will respond to all offers same day so easy deal!
Courtesy: FLORIDA'S 1ST CHOICE RLTY LLC
813-566-2434
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.
Courtesy: REAL BROKER, LLC
855-450-0442
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.
Courtesy: CALDWELL REALTY
727-321-1212
Attention Investors! Don't miss this rare and unique opportunity to purchase 2 side-by-side block duplexes to give you a total of 4 rental units situated on 3 lots!!! Each spacious 1 bed, 1 bath unit has it's own driveway, carport, and separate utility/storage room! Newer roof-only 2 years old - on 5844 & 5848. Radiant already in each unit. Two units already have updated tile flooring. Some newer water heaters and electrical panels. Current tenants month to month, so you can increase rent to market value immediately!
Courtesy: COASTAL LUXURY REALTY
727-742-3678
Exceptional Income-Producing Duplex in a prime location! Discover a rare opportunity to own a beautifully designed side-by-side duplex offering the perfect blend of comfort, flexibility, and income potential. Whether you’re an investor seeking a high-demand rental property or a homeowner looking to live in one unit while generating rental income from the other, this versatile property delivers outstanding value. Each spacious residence offers 3 beds/2 baths and over 1,250 square feet of thoughtfully designed living space. A functional open-concept layout with high ceilings and recessed lighting seamlessly connect the living and dining areas. Designed with comfort and accessibility in mind, the kitchen features a breakfast bar, newer appliances and a laundry closet with washer/dryer. The guest bedrooms are generously sized and share a hallway bathroom, while the primary suite has a large walk-in closet and en-suite bathroom. This unique layout of two homes under one roof is suitable for a wide range of living needs including multigenerational living or a private mother-in-law suite. Step outside to enjoy the fully fenced backyard, including a separate privacy fence dividing each unit, allowing residents to enjoy their own outdoor space or even store their RV! Enjoy peace of mind with TWO newer AC units (2024/2025) and a brand NEW roof included with acceptable offer. One unit is currently tenant-occupied and fully updated, providing immediate rental income potential. This property offers added flexibility with no HOA restrictions and is situated outside of a flood zone. Located just minutes from US-19, this home has quick access to major commuting routes, shopping, dining, and the vibrant downtown district, making it highly desirable for both homeowners and tenants. Schedule your private showing today!
Courtesy: TREASURE HUNTING LLC
727-478-5685
**PRICE IMPROVEMENT** Investor’s dream! This fully rented triplex currently generates $4,050/month in rental income and features three completely remodeled units. Two of the units are 1-bedroom, 1-bathroom, and one unit is 2-bedroom, 1-bathroom, each boasting new waterproof luxury vinyl plank flooring, modern bathrooms, updated kitchens, new water heaters, new air conditioning systems, new windows in all units, and their own private laundry rooms. The property has been freshly painted inside and out and includes a newer roof, ensuring long-term reliability. Two of the three units feature large backyards, perfect for outdoor living or entertaining. With all units currently occupied, this turnkey investment offers immediate cash flow in the heart of New Port Richey.
Courtesy: HENDRIK MARIE REAL ESTATE SERVICES
727-255-2884
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.
Courtesy: EBENEZER REAL ESTATE SOLUTIONS GROUP LLC
813-720-9758
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 visit today!
Courtesy: BRIDGE POINT BUSINESS REAL EST
352-515-0226
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!
Courtesy: RE/MAX CHAMPIONS
727-807-7887
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.
Courtesy: FUTURE HOME REALTY INC
813-855-4982
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.
New Port Richey is located in Florida. New Port Richey, Florida has a population of 16,348. New Port Richey is less family-centric than the surrounding county with 14.45% of the households containing married families with children. The county average for households married with children is 28.35%.
The median household income in New Port Richey, Florida is $40,319. The median household income for the surrounding county is $58,084 compared to the national median of $69,021. The median age of people living in New Port Richey is 52.3 years.
The average high temperature in July is 90.2 degrees, with an average low temperature in January of 49.1 degrees. The average rainfall is approximately 51.3 inches per year, with 0 inches of snow per year.
