5100 SOUTH ROAD, New Port Richey, FL 34652
Multi-Family 5+ - NEW PORT RICHEY, FL
- Added:
- Apr 4, 2025
- Days on Market:
- 462
- Last Refresh:
- Jul 9 at 1:06 am
Property Features for 5100 SOUTH ROAD
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R1MH
- Bedrooms
- 3
- Rooms
- Bedroom 1, Bedroom 2, Bedroom 3
- Parking features
- Assigned, Guest
- Pets allowed
- Yes
- Interior features
- Built-in Features, Ceiling Fans(s), Open Floorplan, Thermostat
- Exterior features
- Outbuildings, Lighting, Private Mailbox
- Appliances
- Range, Refrigerator
- Standard status
- Active
- APN
- 16-26-08-001.0-022.00-001.0
- Size
- 2,753 SF
- Lot size
- 0.34 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 5455
Utilities
- Heating system
- Central, Ductless (Heating), Electric (Heating)
- Cooling system
- Central Air, Multi Units, Wall/Window Unit(s), Window Unit(s)
Building Details
- Year built
- 1956
- Number of units
- 5
- Flooring type
- Tile, Tile - Ceramic
- Building materials
- Block, Concrete, Stucco
- Architectural style
- Other
- Additional Structures
- Outbuilding
Listing agent Susan McGowan License #3155686 (813) 484-8655
Listing office FUTURE HOME REALTY INC 13029 W Linebaugh Av Ste 101, Tampa, FL (813) 855-4982
Listing date Apr 4, 2025
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Five fully‑leased units generating gross income over $60K annually and net income around $45K per year
- Each unit is freshly renovated with new A/C units, water heaters, remodeled kitchens, and remodeled bathrooms
- Block construction with stucco exterior and tile/ceramic tile flooring
- Multi‑unit cooling includes central air plus wall/window and window unit(s)
- Central heating plus ductless and electric heating options; ceiling fans and thermostat included
- Separate laundry building, newer roof (2020), and outbuildings with assigned and guest parking
Overview
The property is located at 5100 South Road in New Port Richey, Florida, within Pasco County. It is listed under zoning R1MH. The remarks indicate convenient access to major transportation routes, shopping centers, and other local amenities.
For buyers seeking an income-producing residential asset, the current configuration provides five occupied units generating stated annual income over $60,000 gross, with net income described around $45,000 per year. Renovations and routine maintenance are intended to support tenant appeal and help limit vacancy risk. With low keeping costs referenced in the seller’s remarks and a separate laundry facility on-site, this property is positioned for investors looking to own a stabilized, self-contained multifamily building rather than an immediate value-add project.
Local Financial Insights For Apartment 5plus
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 | $49.6k | $18.00 |
| − Vacancy | −$3.5k | −$1.28 |
| EGI | $46.0k | $16.72 |
| − OpEx | −$20.7k | −$7.52 |
| NOI | $25.3k | $9.20 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- New Port Richey
- County
- Pasco
- State
- Florida
- Longitude
- -82.729829
- Latitude
- 28.246029
