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    Waterfront Duplex with In-Law Suite Title is generated by Realmo AI

    5822 RIVER ROAD, New Port Richey, FL 34652

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    For Sale
    $659,900

    Duplex - NEW PORT RICHEY, FL

    Type:Duplex
    Property size:
    2,283 SF
    Lot size:
    0.38 Acres
    Price / SF:
    $289/SF
    Added:
    May 12, 2026
    Days on Market:
    2
    Last Refresh:
    May 13 at 12:06 am

    Property Features for 5822 RIVER ROAD

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Zoning
    R2
    Bedrooms
    8
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    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 Annual Amount
    8427.67

    Utilities

    Heating system
    Central
    Cooling system
    Central Air
    Water front features
    River Front, Waterfront
    Water front
    1

    Building Details

    Year built
    1945
    Number of units
    2
    Flooring type
    Hardwood
    Building materials
    Block
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Louis Petruzzelli PA

    Listing agent Louis Petruzzelli PA License #698210

    Listing office RE/MAX SUNSET REALTY 7031 State Road 52, hudson, FL

    Listing date May 12, 2026

    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.

    HighLights

    • Waterfront property with 83 feet of deep‑water frontage.
    • Full in‑law quarters/guest suite/apartment with private entry and separate electric, suitable for Airbnb income.
    • Totally remodeled main house featuring 3 bedrooms, 2 full bathrooms, and a bonus room.
    • New roof and updated interiors with granite countertops, stainless steel appliances, and plantation shutters.
    • No HOA, CDD fees, or deed restrictions.
    • Large driveway with room for RV or boat, plus a separate side yard with a workshop.

    Overview

    This remodeled waterfront duplex in NEW PORT RICHEY, FL, offers a main house and a separate in-law quarters/guest suite/apartment with its own private entry and separate electric meter. The main house features 3 bedrooms, 2 full bathrooms, a bonus room/theatre room/game room, and a living room overlooking 83 feet of deep-water frontage. It also includes a dining room, granite countertops, an inside laundry room, stainless steel appliances, plantation shutters and blinds, hurricane sliding doors, a 30X15 side porch, a 31X8 screened-in rear porch overlooking the river, and an 11X20 enclosed glass side lanai. The in-law quarters/guest suite/apartment features 1 bedroom, 1 full bathroom with a glass shower stall, a kitchen with granite countertops and stainless-steel appliances, a private entry and parking area, an open kitchen, and a living room. The property has a new roof and a reconstructed concrete seawall. The property is situated on a 0.38-acre lot and offers an extra-large driveway with room for an RV or boat, along with an additional side driveway for the apartment. There is also a 12X32 side yard building workshop with sliding glass doors. The property is zoned R2 and has no HOA, CDD fees, or deed restrictions. It is located close to shops, restaurants, the Sun Coast/Veteran’s Highway, beaches, golf courses, Busch Gardens, and Tampa and St. Petersburg area events. The property has 2,283 square feet of living space with a total of 3,123 square feet under roof. The property is suitable for Airbnb income production.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Port Richey
    County
    Pasco
    State
    Florida
    Longitude
    -82.725997
    Latitude
    28.243736

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    FAQs

    What type of property is this?
    Duplex - Remodeled waterfront duplex featuring a separate in-law suite.
    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 $659,900.
    What are key features of this property?
    This property features: Waterfront property with **83 feet of deep‑water frontage**.; **Full in‑law quarters/guest suite/apartment with private entry and separate electric**, suitable for Airbnb income.; **Totally remodeled main house featuring 3 bedrooms, 2 full bathrooms, and a bonus room.**
    (727) 505-5111
    We can help!
    Listing Contact
    Louis Petruzzelli PA
    Real Estate License ID: 698210
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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