5100 S Rd

New Port Richey, FL 34652

$499,900
Price
3
Beds
6
Baths
2,753 Sq. Ft.
$182 / Sq. Ft.
2,753
Sq. Ft.
$182
per Sq. Ft.

Description

Price improved! HOT NEW PORT RICHEY LOCATION with huge future upside potential! This well-maintained multiplex property offers a prime investment opportunity, featuring five fully-leased units that generate consistent income and significant potential for long-term financial growth. Each unit is freshly renovated with new a/c units, water heaters, fully remodeled kitchens, and remodeled bathrooms, appealing to tenants, ensuring a steady cash flow and low vacancy risk. The property is situated in a...Price improved! HOT NEW PORT RICHEY LOCATION with huge future upside potential! This well-maintained multiplex property offers a prime investment opportunity, featuring five fully-leased units that generate consistent income and significant potential for long-term financial growth. Each unit is freshly renovated with new a/c units, water heaters, fully remodeled kitchens, and remodeled bathrooms, appealing to tenants, ensuring a steady cash flow and low vacancy risk. The property is situated in a highly desirable neighborhood of New Port Richey, where demand for rental units remains strong, ensuring high occupancy rates and attractive rental yields. The location is ideal, with easy access to major transportation routes, shopping centers, and other local amenities, making it an even more appealing option for tenants. The property is in turnkey condition, with regular maintenance and updates that minimize the need for immediate capital expenditures. With a block structure, a separate laundry building, and a newer roof (2020). With a proven track record of delivering strong returns and situated in an area that shows continued growth, this multiplex offers an exceptional chance for investors seeking a stable, income-producing asset with excellent long-term appreciation potential. The current owners are enjoying over a nice Cap rate! Don't delay. Call today to set up a viewing of this fantastic investment property.
  1. Listed by Susan McGowan • Brokerage DRE #1012254 • FUTURE HOME REALTY INC
    P: (813)-484-8655 C: (813)-484-8655 susan@flrealtypro.com

Property Details for 5100 S Road

Subdivision Name
TAMPA TARPON SPGS LAND CO
Township
26
Waterfront
No
Furnished
Unfurnished
LISTING UPDATED: 02/06/2026 02:12 PM

Property Details for 5100 S Road

StatusActive
MLS #TB8370544
Days on Market309
Taxes$5,455 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1956
Lot Size0.34 AC / 15,000 SF
CountyPasco County

Location

Listing Courtesy of FUTURE HOME REALTY INC, Susan McGowan
Add your commute

Building Information for 5100 S Road

Stories-Residences5Year Built1956Building Size-Lot Size0.34 AC / 15,000 SF

Payment Calculator

$2,891 per month

30 year fixed, 6.15% Interest

Principal and Interest

$2,436

Property Taxes

$455

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5100 S Road

Summary
Location and General Information
  • Building Area Units: Square Feet
  • Building Name Number: OCEANUS APARTMENTS
  • Directions: US Hwy 19 to East on South Rd.
  • Middle Or Junior School: Gulf Middle-PO
  • High School: Gulf High-PO
  • Mls Major Change Type: Price Decrease
  • Listing Service: Full Service
  • Senior Community: No
  • Unit Number: No
  • Street Number: 5100
  • Street Name: SOUTH
  • Street Suffix: ROAD
  • State: FL
  • City: NEW PORT RICHEY
Parking
  • Carport: No
  • Garage: No
  • Parking Features: Assigned, Curb Parking, Guest
Taxes and HOA Information
  • Association: No
  • CDD: No
  • Tax Block: 82616
  • Tax Book Number: 1-68-70
  • Tax Legal Description: TAMPA TARPON SPRINGS LAND COMPANY PB 1 PGS 68-70 WEST 100.00 FT OF NORTH 150.00 FT OF TRACT 22
  • Tax Lot: 22
  • Tax Year: 2024
Virtual Tour
Property
Lot Information
  • Additional Parcels: No
  • Parcel Number: 162608001.0022.00001.0
  • Total Acreage: 1/4 to less than 1/2
  • Total Num Buildings: 1
  • Water Access: No
  • Water Extras: No
  • Zoning: R1MH
  • Living Area: 2753
Property and Assessments
  • Year Built Numeric: 1956
  • Flood Zone Code: AE
  • Flood Zone Date: 06-05-2020
  • Flood Zone Panel: 12101C0351G
  • New Construction: No
  • Property Condition: Completed
  • Public Survey Range: 16
  • Public Survey Section: 8
Utilities
  • Sewer: Septic Tank
  • Utilities: Cable Connected, Electricity Connected, Fire Hydrant, Street Lights, Water Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Block, Concrete, Stucco
  • Exterior Features: Outbuilding, Lighting, Private Mailbox
  • Foundation Details: Slab
  • Levels: One
  • Other Structures: Other
  • Pool Private: No
  • Pool: None
  • Pool Private: No
  • Roof: Other
  • Waterfront Feet Total: 0
Interior Features
  • Bedrooms Total: 3
  • Appliances: Electric Water Heater, Range, Refrigerator, Tankless Water Heater
  • Cooling: Central Air, Wall/Window Unit(s)
  • Fireplace: No
  • Flooring: Ceramic Tile
  • Heating: Central, Electric, Wall Units / Window Unit
  • Interior Features: Built-in Features, Ceiling Fan(s), Open Floorplan, Thermostat
  • Laundry Features: Common Area, Laundry Room
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Water View: No
Multi Family
Multi-Family Information
  • Annual Expenses: $17,074
  • Annual Net Income: $43,106.00
  • Est Annual Market Income: $60,180.00
  • Gross Income: $60,180
  • Total Monthly Expenses: $1,422
  • Unit Count: 6
Rental
Rental Information
  • Tenant Pays: Electricity
  • Total Actual Rent: $60,180
  • Pets Allowed: Yes

Property History for 5100 S Road

DateEvent & SourcePriceAppreciation
Feb 6, 2026

Price Change

MFRMLS #TB8370544

$499,900—
Jan 5, 2026

Price Change

MFRMLS #TB8370544

$549,700—
Dec 29, 2025

Price Change

MFRMLS #TB8370544

$549,800—
Dec 8, 2025

Price Change

MFRMLS #TB8370544

$549,850—
Nov 14, 2025

Price Change

MFRMLS #TB8370544

$549,900—
Nov 6, 2025

Price Change

MFRMLS #TB8370544

$598,700—
Oct 31, 2025

Price Change

MFRMLS #TB8370544

$598,800—
Oct 9, 2025

Price Change

MFRMLS #TB8370544

$598,900—
Sep 25, 2025

Price Change

MFRMLS #TB8370544

$598,930—
Sep 18, 2025

Price Change

MFRMLS #TB8370544

$598,940—
Sep 16, 2025

Price Change

MFRMLS #TB8370544

$598,949—
Sep 12, 2025

Price Change

MFRMLS #TB8370544

$598,950—
Sep 11, 2025

Price Change

MFRMLS #TB8370544

$59,895—
Aug 9, 2025

Price Change

MFRMLS #TB8370544

$599,000—
Jun 4, 2025

Price Change

MFRMLS #TB8370544

$625,000—
May 2, 2025

Price Change

MFRMLS #TB8370544

$649,000—
Apr 19, 2025

Price Change

MFRMLS #TB8370544

$665,000—
Apr 4, 2025

Listed (Active)

MFRMLS #TB8370544

$675,000—
DateEvent & SourcePrice
02/06/2026

Price Change

MFRMLS #TB8370544

$499,900
01/05/2026

Price Change

MFRMLS #TB8370544

$549,700
12/29/2025

Price Change

MFRMLS #TB8370544

$549,800
12/08/2025

Price Change

MFRMLS #TB8370544

$549,850
11/14/2025

Price Change

MFRMLS #TB8370544

$549,900
11/06/2025

Price Change

MFRMLS #TB8370544

$598,700
10/31/2025

Price Change

MFRMLS #TB8370544

$598,800
10/09/2025

Price Change

MFRMLS #TB8370544

$598,900
09/25/2025

Price Change

MFRMLS #TB8370544

$598,930
09/18/2025

Price Change

MFRMLS #TB8370544

$598,940
09/16/2025

Price Change

MFRMLS #TB8370544

$598,949
09/12/2025

Price Change

MFRMLS #TB8370544

$598,950
09/11/2025

Price Change

MFRMLS #TB8370544

$59,895
08/09/2025

Price Change

MFRMLS #TB8370544

$599,000
06/04/2025

Price Change

MFRMLS #TB8370544

$625,000
05/02/2025

Price Change

MFRMLS #TB8370544

$649,000
04/19/2025

Price Change

MFRMLS #TB8370544

$665,000
04/04/2025

Listed (Active)

MFRMLS #TB8370544

$675,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 5100 S Road

This home is within Pasco.
Rating
School
Type
Grades
Distance
Richey Elementary School
Public - PK to 5
Gulf Middle School
Public - 6 to 8
Gulf High School
Public - 9 to 12
James M. Marlowe Elementary School
Public - PK to 5
Rating
School
Distance
Richey Elementary School
PublicPK to 5

Gulf Middle School
Public6 to 8

Gulf High School
Public9 to 12

James M. Marlowe Elementary School
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 5100 S Road, New Port Richey, FL 34652

5100 S Road is a multi-family home for sale in New Port Richey, FL 34652. This property was listed for sale on April 4, 2025 by FUTURE HOME REALTY INC, it's currently listed at $499,900. This listing's school district is Pasco. Nearby schools include Richey Elementary School, Gulf Middle School and Gulf High School. 5100 S Road is a 3-bed, 6-bath, 2,753 sqft multi-family home built in 1956.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of FUTURE HOME REALTY INC, Susan McGowan

The information being provided by MFRMLS and Daytona Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of MFRMLS or Daytona Multiple Listing Service. Real estate listings held by brokerage firms other than this site owner are marked with the IDX/MLS logo. Information deemed reliable but is not guaranteed accurate by MFRMLS or Daytona Multiple Listing Service. Last updated: 02/06/2026 02:12 PM