$4,750 Closing Credit¹
#W7874057, Bob Werner, Listing Office: BOB WERNER HOMES
$649,000 List price
5100 S Rd New Port Richey, FL 34652
$7,707
Closing credit¹
3 beds
5 baths
2,753 sqft
0.3 acres
$236 / sqft
Multi-Family
Property details
About 5100 S Rd
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). With 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. The current owners are enjoying over a 7% Cap rate! Don't delay. Call today to set up a viewing of this fantastic investment property.
Highlights
Home typeMulti Family
HeatingCentral, Electric, Ductless
StatusActive
CoolingCentral Air, Wall/Window Unit(s)
Size2,753 sqft
Lot size0.34 Acres
Year built1956
ParkingAssigned, Curb Parking, Guest
MLS #TB8370544
Virtual tour
Summary
- Appliances: Electric Water Heater, Range, Refrigerator, Tankless Water Heater
- Flooring Type: Ceramic Tile
- Interior: Built-in Features, Ceiling Fans(s), Open Floorplan, Thermostat
- Total Bedroom Count: 3
- Private Pool: No
- Parking: Assigned, Curb Parking, Guest
- Exterior: Outbuildings, Lighting, Private Mailbox
- Heating: Central, Electric, Ductless
- Cooling: Central Air, Wall/Window Unit(s)
- List Price: $649,000
- Price/SqFt: $235
- Directions: US Hwy 19 to East on South Rd.
- Year Built: 1956
- Living Area: 2,753 SqFt
- Lot Size: 0.34 Acres
- MLS Number: TB8370544
- MLS Name: MFRMLS
- Office Name: FUTURE HOME REALTY INC
- Office Phone: (813) 855-4982
- Listing Agent: Susan McGowan
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Copyright 2025 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
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Last updated on: 5/10/2025, 8:19:29 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$649,000
5100 S Rd
$7,707
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
1
Richey Elementary School
Public District KG-5
1.0 mi
•6850 Adams St
4
James M. Marlowe Elementary School
Public District PK-5
1.2 mi
•5642 Cecelia Dr
2
Cotee River Elementary School
Public District KG-5
2.3 mi
•7515 Plathe Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $36,250. The most common annual income of people living in New Port Richey, FL is less than $<35k. The most common type of family is single, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
48%
<35k
38%
35k-100k
10%
100k-200k
4%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
54%
Single, No Kids
13%
Single, with Kids
25%
Married, No Kids
8%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
10%
<11 yrs old
6%
12-17 yrs old
17%
18-34 yrs old
39%
35-64 yrs old
28%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Horse Races
Figure Skating
Where do the neighbors shop?
Family Dollar
Stein Mart
Chico's
Where do the neighbors go to eat?
White Castle
LongHorn Steakhouse
Bob Evans
What do the neighbors drive?
Chevrolet
Buick
Oldsmobile
What do the neighbors listen to?
Rock
Contemporary Inspirational
News
All data provided by Home Junction and Claritas
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Tour
$5,641 Closing Credit¹
#W7873987, Gena Taylor, Listing Office: COLDWELL BANKER FIGREY&SONRES
This home is located at 5100 S Rd in New Port Richey, FL and zip code 34652 in the South River neighborhood. This 2,753 square foot home, which was built in 1956, sits on a 0.34 acre lot. Features: 3 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since April 4, 2025 and is currently priced at $649,000.
In April 2025 more than 21 listings in New Port Richey, FL were sold above the asking price. During the same period more than 45 listings were sold at asking price, while more than 128 were sold below. In April 2025 in New Port Richey, FL there were 3.8% more homes for sale than in March. In April 2025, listings were on the market for 65 days. During the same period, the median list price in this real estate market was $287,578.
From Rocket Homes Real Estate and based on county public records data.