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View Virtual Tour PRICE $205,000 BEDS 2 BATHS 2 HOME SIZE 1,027 sqft LOT SIZE 9,148 sqft Request More Info Schedule a Showing

Don't miss this rare investment opportunity in the heart of downtown New Port Richey! This versatile duplex is zoned for a triplex and carries three addresses (5714, 5716, and 5718), though two units are currently in use. Both feature private entrances, driveways, and updated interiors. Roof was replaced in 2018. Unit 5718 offers a remodeled kitchen, updated bath, fireplace, and a spacious Florida room. It functions as a large studio but can easily be converted to a one-bedroom. Tenant in place paying $1,000/month. Unit 5716 is a cozy studio with a recently remodeled bath and a private entrance off Washington Street. Tenant in place paying $900/month. Shared amenities include an exterior laundry area with washer/dryer (not coin-operated) and a large fenced yard. The entire exterior was freshly painted in 2024, and both units have never experienced interior flooding. Current gross rental income is $22,800 annually, with tenants on month-to-month leases, offering flexibility for future rental increases or redevelopment. Conveniently located just steps from downtown New Port Richey's shops, restaurants, Sims Park, 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 combines immediate cash flow with long-term potential. Schedule your private showing today!