Amazing investment opportunity to own 6 units right in the heart of New Port Richey only minutes away from Sims Park and steps from the Cotee River! This property features 3 buildings with 2 units in each. All units are virtually identical in layout being 2 bedrooms and 1 full bath. Each unit has a private back porch with their own utility rooms with washer/dryer hookups. All 6 units are currently rented! Don't miss out on a great chance at increasing your income with this rental complex featuring strong CAP rates! Annual net income does not include professional management which is willing to stay on with new owners, property taxes or insurance.
Sold for $879,000 on 02/24/25
Street View
$879,000
5622 Ohio Ave, New Port Richey, FL 34652
--beds
0baths
5,130sqft
Multi-Family
Built in 1972
-- sqft lot
$998,000 Zestimate®
$171/sqft
$1,661 Estimated rent
Home value
$998,000
$828,000 - $1.21M
$1,661/mo
Zestimate® history
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Owner options
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What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Forced air, Electric
Cooling
- Central
Interior area
- Total interior livable area: 5,130 sqft
Property
Lot
- Size: 0.57 Acres
Details
- Zoning: R2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi-Family
Condition
- Year built: 1972
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Public
Community & neighborhood
Location
- Region: New Port Richey
- Subdivision: NEW PORT RICHEY CITY
Other
Other facts
- Tenant Pays: Electricity, Water, Sewer, Trash Collection
- Utilities: Electricity Connected, Public
- Heating: Electric, Central
- Construction Materials: Block
- Cooling: Central Air
- Exterior Features: Storage
- Property Sub Type: Multi-Family
- Property Type: Residential Income
- Roof: Shingle, Membrane
- Total Acreage: 1/2 Acre to 1 Acre
- Additional Parcels YN: 0
- Fireplace YN: 0
- Pool Private YN: 0
- Water Access YN: 0
- Water Extras YN: 0
- Waterfront Feet Total: 0
- Waterfront YN: 0
- Water View YN: 0
- Year Built: 1972
- Flood Zone Code: AE
- Public Survey Range: 16
- Zoning: R2
- New Construction YN: 0
- Flood Zone Panel: 12101C0188F
- Public Survey Section: 5
- Tax Year: 2018
- DPRYN: 0
- Living Area: 5130.00
- Garage YN: 0
- Lease Term: 12 Months
- Sewer: Public Sewer
- Water Source: Public
- Subdivision Name: NEW PORT RICHEY CITY
- Flood Zone Date: 2014-09-26
- Foundation Details: Slab
- Tax Annual Amount: 7719.00
- List Office URL: http://www.njsrealty.com
Price history
| Date | Event | Price |
|---|---|---|
| 2/24/2025 | Sold | $879,000+131.6%$171/sqft |
Source: Public Record | ||
| 5/23/2014 | Listing removed | $379,500$74/sqft |
Source: FLORIDA HELLENIC REALTY #U7606959 | ||
| 5/22/2014 | Pending sale | $379,500$74/sqft |
Source: FLORIDA HELLENIC REALTY #U7606959 | ||
| 5/22/2014 | Listed for sale | $379,500-4.9%$74/sqft |
Source: FLORIDA HELLENIC REALTY #U7606959 | ||
| 11/21/2013 | Listing removed | $399,000$78/sqft |
Source: Prudential Tropical Realty #W7530188 | ||
Public tax history
Tax history is unavailable.
Neighborhood: Sims Grant
Nearby schools
GreatSchools rating
- 2/10Richey Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 2/10Gulf Middle SchoolGrades: 6-8Distance: 1.1 mi
- 3/10Gulf High SchoolGrades: 9-12Distance: 1.5 mi
Get a cash offer in 3 minutes
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Estimated market value
$998,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$998,000