Waterfront Duplex with In-Law
5822 RIVER Road New Port Richey, FL 34652
5822 RIVER Road, New Port Richey, FL, 34652
$549,900
For Sale
$549,900
MULTI_FAMILY - NEW PORT RICHEY, FL
Property Size2,283 SF
Lot Size0.38 Acres
Price / SF$240.87
Days on Market71
Property Features for 5822 RIVER Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- R2
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 4, Bathroom 2, Bedroom 2, Bedroom 3
- Interior features
- Ceiling Fans(s)
- Standard status
- Active
- APN
- 16-26-08-016.0-000.00-017.0
- Size
- 2,283 SF
- Lot size
- 0.38 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- SEMINOLE POINT PB 2 PG 31 THE SOUTH 45 FT OF LOT 17 EXC WEST 5 FT THEREOF & THE NORTH 30 FT OF LOT 18 LESS WEST 5 FT THEREOF OR 3305 PG 1429
- Tax Annual Amount
- 8428
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
- Water front features
- River Front
- Water front
- 1
Building Details
- Year built
- 1945
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Hardwood
- Building materials
- Block
- Roof type
- Shingle
Listing Agency
RE/MAX SUNSET REALTY
(727) 863-2402
7031 State Road 52, hudson, FL
Listed by
Louis Petruzzelli PA · License #698210
(727) 505-5111
Added: May 12 Updated: Jul 20 at 9:12 pm Checked: Jul 21 at 6:06 am
MLS# W7883897
Listing URL
Copyright © 2026 West Pasco Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fully remodeled waterfront duplex offers a main 3-bedroom, 2-bath home plus a separate 1-bedroom, 1-bath in-law quarters/guest suite with its own private entry. The in-law suite includes separate electric and a kitchen with granite countertops and stainless-steel appliances. The main home features multiple living areas including a bonus room, dining room with granite countertops, inside laundry, and updated finishes throughout. Notable exterior improvements include hurricane sliding doors, a 30x15 side porch, a large 31x8 screened-in rear porch overlooking the water, a 11x20 enclosed glass lanai, and an outdoor patio area. A fully reconstructed newer concrete seawall supports approximately 83 feet of deep-water frontage, and the roof is brand new.
Additional property features include an extra-large driveway with room for an RV or boat, an additional side driveway for the apartment, and a huge separate side yard. There is also a 12x32 workshop building with sliding glass doors and a work bench. The property is zoned R2 and has no HOA, no CDD fees, and no deed restrictions. It’s close to shops and restaurants with an easy commute to Sun Coast/Veteran’s Highway.
Additional property features include an extra-large driveway with room for an RV or boat, an additional side driveway for the apartment, and a huge separate side yard. There is also a 12x32 workshop building with sliding glass doors and a work bench. The property is zoned R2 and has no HOA, no CDD fees, and no deed restrictions. It’s close to shops and restaurants with an easy commute to Sun Coast/Veteran’s Highway.
Key Highlights
- 83 ft of deep‑water river frontage with a fully reconstructed newer concrete seawall
- 2,283 SF living area (3,123 SF total under roof) in a home built in 1945
- 2‑full bathroom main house with 4 bedrooms plus a huge bonus room/theatre room/game room
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.8k | $17.88 |
| − Vacancy | −$2.8k | −$1.21 |
| EGI | $38.1k | $16.67 |
| − OpEx | −$11.4k | −$5.00 |
| NOI | $26.6k | $11.67 |
2,283 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$380.7K
$333.1K – $444.1K
NOI $26,648 @ 7.0% cap · market cap 4.85%
Second Best
Apartment 5plus
$300.0K
$262.5K – $350.0K
NOI $20,997 @ 7.0% cap · market cap 3.82%
Theoretical Best
Office A
$520.1K
$455.1K – $606.7K
NOI $36,404 @ 7.0% cap · market cap 6.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Remodeled duplex with deep-water waterfront frontage, separate in-law quarters, and a reconstructed concrete seawall.
Where is this duplex located?
The property is located at 5822 RIVER Road New Port Richey, FL.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: 83 ft of deep‑water river frontage with a fully reconstructed newer concrete seawall; 2,283 SF living area (3,123 SF total under roof) in a home built in 1945; 2‑full bathroom main house with 4 bedrooms plus a huge bonus room/theatre room/game room
