Income-Producing Duplex w/ garage Near the Gulf – Prime Port Richey Investment Opportunity An exceptional opportunity awaits with this newly remodeled duplex located at 8331 Wilkins St. & 5719 Berlin, Port Richey, FL 34668. Designed with investors in mind, this income-producing multi-unit property offers flexibility, strong air bnb & short term rental appeal, a highly desirable location just a short walk from the Gulf. Each unit features a 2-bedroom, 1-bath layout and has been fully updated with all-new appliances, new electrical, new plumbing, and new A/C systems. Thoughtful renovations provide modern comfort while reducing near-term maintenance concerns—an ideal setup for both short-term and long-term rental strategies. A garage adds additional value and convenience for tenants or owners. Currently operating as a busy short-term rental, this property is well positioned for continued income generation. Its proximity to the water, marinas, and boating access makes it especially appealing to vacationers and seasonal guests. Located just off Highway 19 and Ridge Road, the duplex is close to restaurants, shopping, parks, festivals, and local attractions—an excellent combination of accessibility and lifestyle appeal. With no HOA restrictions, this property allows flexibility for a variety of rental uses. Whether you’re expanding an investment portfolio or seeking a coastal property with built-in income potential, this duplex delivers location, updates, and demand. Opportunities like this don’t come along often. Schedule a private showing today and explore the potential of this well-located, income-producing property near the Gulf.
**DESIRABLE DUPLEX!** Both units are updated 2-bedroom/1-bathroom with newer flooring and remodeled bathrooms! Turn-key ready with all the big-ticket items recently updated, including renovations to both units! Both units are rented for $1450/month and tenant pays all utilities and takes care of yard. This property stands out with its large (48' deep by 30' wide) fenced backyards, perfect for pets and playtime! Enjoy the patio deck with no rear neighbors! The dimensional shingle roof is about 7 years old, windows were replaced 1-2 years ago, and there’s a new AC unit on the right and a newer AC unit on the left! New ductwork throughout, an updated kitchen in the occupied unit, and modern light fixtures and fans throughout! Both units feature upgraded TANKLESS hot water heaters! Tenants handle yard care and utilities! Pine Hill Park is within walking distance, and downtown New Port Richey is just a short drive away! Ample parking out front. This one truly sells itself!
Great Investment Opportunity! INSTANT INCOME! UNIT 1 HAS PAYING TENANT (could be vacated if requested), FURNISHED STUDIO IS AVAILABLE, PLUS, THE 1 BED, 1 BATH W/ KITCHEN/LIVING ROOM AVAILABLE TO RENT! Total potential annual earnings approx $50K! This updated versatile multi-unit rental property offers exceptional flexibility and income potential, whether you are looking for a short term rental property for an AirBnB, monthly room rental, or long term rentals -THIS PROPERTY HAS OPTIONS! The first floor (Unit 1) features 3BR/2BA with an updated kitchen & stylish bathrooms, great for long-term tenants. Unit 2: is a charming furnished studio/kitchenette with a separate entrance, great for short-term rental, a guest or owner’s suite. Include it with Unit 1 or Unit 2 to make it an In-Law Suite! - UNIT 1 IS CURRENTLY RENTED OUT! The second floor, (Unit 3) is a nice 1BR/1BA with a kitchen, living room & screened porch! Enjoy quiet evenings by the firepit on this dead end road with a wooded view. The interior & exterior have been nicely updated: granite counters, stainless steel appliances, luxury vinyl & tile flooring, tile bathrooms, paint inside/out & new roof (2020). Plus, there is a storage room. Whether you're looking to expand your rental portfolio, live on-site and rent the rest, or house multiple generations, this property offers endless possibilities. Located in an ideal location, walk to Whiskey River on the water, plus there are other nearby restaurants such as Hooters & Crab Shack. Marinas, shopping & local boating hotspots such as Anclote Key & the Sandbar make it even more appealing! Schedule your showing today!

Port Richey is located in Florida. Port Richey, Florida has a population of 3,027. Port Richey is less family-centric than the surrounding county with 20.24% of the households containing married families with children. The county average for households married with children is 28.35%.
The median household income in Port Richey, Florida is $44,792. 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 Port Richey is 48.1 years.
The average high temperature in July is 90.2 degrees, with an average low temperature in January of 46.4 degrees. The average rainfall is approximately 50.9 inches per year, with 0 inches of snow per year.