Updated condo in the heart of New Port Richey! This unit is one (1) of three (3) available investment properties, all currently rented and producing a combined monthly income of $4,650. An excellent investment opportunity with strong returns — this particular unit rents for $1,550/month, offering a ~14.4% gross cap rate and an estimated ~10.0% net cap rate (based on a 30% expense ratio). Recent appraisal and inspection reports are included in the attachments. This well-maintained 2-bedroom, 2-bath corner Unit features a spacious open living area, large kitchen, generous bedrooms, in-unit laundry, and extra storage space. Peacefully situated next to a quiet conservation area, this home offers privacy and a serene natural view. Located minutes from beautiful Gulf beaches, shopping, dining, and entertainment, with easy access to Tampa, St. Petersburg, Clearwater, and the airport. The low HOA fee ($302/month) covers water, sewer, and trash. Whether you’re seeking a clean, affordable home or a high-performing, cash-flowing investment — this one checks all the boxes. Cash-only sale.
For sale
Price cut: $500 (12/31)
$129,000
5816 Congress St APT 101, New Port Richey, FL 34653
2beds
985sqft
Est.:
Condominium
Built in 2004
-- sqft lot
$120,500 Zestimate®
$131/sqft
$302/mo HOA
What's special
Generous bedroomsExtra storage spaceSerene natural viewIn-unit laundryCorner unitLarge kitchen
- 90 days |
- 73 |
- 0 |
Zillow last checked: 8 hours ago
Listing updated: December 31, 2025 at 07:25am
Listing Provided by:
Matt Mayers 727-678-1074,
LIFES A BEACH REAL ESTATE 972-415-2502
Source: Stellar MLS,MLS#: TB8435029
Originating MLS: Suncoast Tampa
Originating MLS: Suncoast Tampa
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Features: Ceiling Fan(s), Built-in Closet
- Level: First
- Area: 144 Square Feet
- Dimensions: 12x12
Bedroom 2
- Features: Ceiling Fan(s), Built-in Closet
- Level: First
- Area: 144 Square Feet
- Dimensions: 12x12
Primary bathroom
- Features: No Closet
- Level: First
- Area: 48 Square Feet
- Dimensions: 6x8
Family room
- Features: No Closet
- Level: First
- Area: 168 Square Feet
- Dimensions: 12x14
Kitchen
- Features: No Closet
- Level: First
- Area: 80 Square Feet
- Dimensions: 8x10
Living room
- Features: Ceiling Fan(s), No Closet
- Level: First
- Area: 168 Square Feet
- Dimensions: 12x14
Heating
- Electric
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Electric Water Heater, Freezer, Microwave, Refrigerator
- Laundry: Electric Dryer Hookup, Washer Hookup
Features
- Ceiling Fan(s), None
- Flooring: Ceramic Tile, Laminate
- Has fireplace: No
- Common walls with other units/homes: Corner Unit
Interior area
- Total structure area: 985
- Total interior livable area: 985 sqft
Property
Features
- Levels: One
- Stories: 1
- Exterior features: Other, Sidewalk
Lot
- Size: 1.83 Acres
Details
- Parcel number: 162609022.000B.00101.0
- Zoning: MF1
- Special conditions: None
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
Materials
- Block
- Foundation: Slab
- Roof: Metal
Condition
- Completed
- New construction: No
- Year built: 2004
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: None
- Subdivision: GLEN CREST CONDO
HOA
- Has HOA: Yes
- Services included: Cable TV, Internet, Maintenance Structure, Maintenance Grounds, Maintenance Repairs, Sewer, Trash, Water
- HOA fee: $302 monthly
- HOA name: Qualified Property Management, Inc.
- HOA phone: 727-869-9700
- Pet fee: $0 monthly
Location
- Region: New Port Richey
Financial & listing details
- Price per square foot: $131/sqft
- Tax assessed value: $88,048
- Annual tax amount: $2,216
- Date on market: 10/6/2025
- Cumulative days on market: 91 days
- Ownership: Condominium
- Total actual rent: 18600
- Electric utility on property: Yes
- Road surface type: Asphalt
Estimated market value
$120,500
$114,000 - $127,000
$1,612/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/31/2025 | Price change | $129,000-0.4%$131/sqft |
Source:  Stellar MLS #TB8435029 Report a problem | ||
| 10/6/2025 | Listed for sale | $129,500-7.5%$131/sqft |
Source: Stellar MLS #TB8435029 Report a problem | ||
| 8/3/2024 | Listing removed | -- |
Source: Stellar MLS #U8231088 Report a problem | ||
| 7/27/2024 | Listed for sale | $140,000$142/sqft |
Source: Stellar MLS #U8231088 Report a problem | ||
| 7/17/2024 | Listing removed | -- |
Source: Stellar MLS #U8231088 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,216 +19.2% | $88,048 +25.1% |
| 2023 | $1,858 +9.1% | $70,360 +6.1% |
| 2022 | $1,703 +79.7% | $66,317 +100.6% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$1,167/mo
Principal & interest
$634
HOA Fees
$302
Other costs
$231
Climate risks
Neighborhood: East Madison
Nearby schools
GreatSchools rating
- 4/10Cotee River Elementary SchoolGrades: PK-5Distance: 1.1 mi
- 2/10Gulf Middle SchoolGrades: 6-8Distance: 0.1 mi
- 3/10Gulf High SchoolGrades: 9-12Distance: 0.9 mi
Schools provided by the listing agent
- Elementary: Cotee River Elementary-PO
- Middle: Gulf Middle-PO
- High: Gulf High-PO
Source: Stellar MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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