Sold$362,990
8790 DUSTY LANE
NEW PORT RICHEY, FL 34655
4 beds3 baths1,874 sqft
Active · Multi-Family
5403 DRINKARD DRIVE
NEW PORT RICHEY, FL 34653
Beds
4 beds
Baths
2 baths
Area
2,464 sqft
Multi-FamilyBuilt 19847,200 sqft lotCentral, ElectricCentral Air$122/sqft1 day on market
Location
About this home
DUPLEX OPPORTUNITY MINUTES FROM DOWNTOWN NEW PORT RICHEY! Offered at just $299,900, this concrete-block duplex presents a compelling opportunity for investors, owner-occupants and buyers looking to build long-term rental income. The property features two separate 2-bedroom, 1-bath units, and BOTH ARE CURRENTLY VACANT, giving the next owner the freedom to renovate, select tenants and establish rents without inheriting existing leases. With approximately 2,464 total square feet, there is plenty of room and plenty of potential. Unit 5403 is currently in better overall condition, while Unit 5409 provides additional value-add opportunity through updating and improvements. The property is dated, but that is exactly where the upside lies. Renovate both units for your rental portfolio, live in one side while renting the other, or improve the property over time as part of a long-term investment strategy. Comparable 2-bedroom rentals in the surrounding New Port Richey market demonstrate strong rental potential, while the location puts residents just minutes from Downtown New Port Richey's restaurants, shopping, parks, entertainment and community events. Two units. Both vacant. Approximately 2,464 square feet. $299,900. Bring your vision and take advantage of an increasingly hard-to-find multifamily opportunity in the heart of New Port Richey.
Facts & features
Interior
- Bedrooms
- 4
- Bathrooms
- 2
- Living area
- 2,464 sqft
- Heating
- Central, Electric
- Cooling
- Central Air
- Flooring
- Carpet, Vinyl
- Features
- Eat-in Kitchen
- Appliances
- Range
Exterior & lot
- Lot size
- 7,200 sqft (0.17 ac)
- Roof
- Shingle
- Construction
- Block
- Exterior
- Fence
Financial
- Annual tax
- $3,820 (2025)
- Price / sqft
- $122/sqft
Utilities
- Water
- Public
- Sewer
- Public Sewer
- Utilities
- Electricity Connected, Public, Sewer Connected, Water Connected
Property
- Property type
- Multi-Family
- Year built
- 1984
- Subdivision
- OLD GROVE
- County
- Pasco
Assigned schools
- Elementary
- Cotee River Elementary-PO
- Middle
- Gulf Middle-PO
- High
- Gulf High-PO
Listing
- Status
- Active
- Days on market
- 1 day
- MLS #
- MFR805321455
- Source
- Stellar MLS
Listed by Michael Dumas · SANDPEAK REALTY
Listing data provided by Stellar MLS. Information deemed reliable but not guaranteed.
Estimate your monthly cost
PITI + HOAEstimated monthly payment$1,834/mo
- Principal & interest
- $1,516/mo
- Property tax
- $318/mo
- Home insurance
- Left out until you enter a quote
Opens at 20% down over 30 years at 6.5%, the same assumptions as the answers below. Property tax is this listing's own 2025 bill. Insurance is left out until you enter a quote, because Florida premiums turn on roof age, elevation and carrier. Every field is editable.
Ask about this property
Answered from this listing’s own figures and the sales around it.
Similar homes nearby
Homes for sale in NEW PORT RICHEY within the same price band.
Price history
From the property’s MLS record.
| Date | Event | Price | Change |
|---|---|---|---|
| Sep 21, 2026 | Listed | $299,900 | — |
Neighbourhood
The schools below come from the MLS record for this home. Walking, transit and cycling figures for NEW PORT RICHEY, FL are not connected yet, so this page does not show them.
Elementary school
Cotee River Elementary-PO
Assigned school from the MLS record
Middle school
Gulf Middle-PO
Assigned school from the MLS record
High school
Gulf High-PO
Assigned school from the MLS record
Frequently asked questions
What would 5403 DRINKARD DRIVE, NEW PORT RICHEY cost per month?
About $1,834 a month: $1,516 principal and interest, $318 property tax. That assumes 20% down at 6.5% over 30 years, and leaves out insurance.
Is 5403 DRINKARD DRIVE, NEW PORT RICHEY priced fairly?
Comparable homes nearby put it between $380,392 and $437,656, with $409,024 in the middle. Those are asking prices, not closed sales: 4 properties of the same type within three miles, each within 20% of this one's size and a bedroom either way, at a median of $166 a square foot.
How does 5403 DRINKARD DRIVE, NEW PORT RICHEY compare to nearby homes?
4 comparable properties within three miles. The nearest: 6328 POLK STREET, NEW PORT RICHEY, FL at $365,000, 2,166 sq ft, 0.9 miles away; 5822 RIVER ROAD, NEW PORT RICHEY, FL at $489,900, 2,283 sq ft, 0.99 miles away; 5100 SOUTH ROAD, NEW PORT RICHEY, FL at $449,950, 2,753 sq ft, 1.27 miles away.
How long has 5403 DRINKARD DRIVE, NEW PORT RICHEY been on the market?
It came on the market today.
Has the price of 5403 DRINKARD DRIVE, NEW PORT RICHEY changed?
The price has not moved since it was listed.
How big is 5403 DRINKARD DRIVE, NEW PORT RICHEY?
4 bed, 2 bath, 2,464 square feet. That is $122 a square foot.
What year was 5403 DRINKARD DRIVE, NEW PORT RICHEY built?
Built in 1984.
What is the HOA fee at 5403 DRINKARD DRIVE, NEW PORT RICHEY?
The feed lists no association fee for this property.
What are the property taxes at 5403 DRINKARD DRIVE, NEW PORT RICHEY?
Property tax works out to about $318 a month, $3,820 a year, on the 2025 assessment.
Is 5403 DRINKARD DRIVE, NEW PORT RICHEY still available?
It is still on the market.