Sold$449,400
8799 TIMLEY PASS
NEW PORT RICHEY, FL 34655
6 beds3 baths2,580 sqft
1 / 37
Active · Multi-Family
5100 SOUTH ROAD
NEW PORT RICHEY, FL 34652
Beds
3 beds
Baths
5 baths
Area
2,753 sqft
Multi-FamilyBuilt 195615,000 sqft lotCentral, Electric, DuctlessCentral Air, Wall/Window Unit(s)$167/sqft501 days on market
About this home
PRICE IMPROVEMENT!! Gross income over 60K annually. All capital improvements are done for immediate cash flow! Low keeping costs! Net income around $45k a year!! HOT NEW PORT RICHEY LOCATION with huge future upside potential! Fire house next door is now completed. 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). This investment has 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.
Facts & features
Interior
- Bedrooms
- 3
- Bathrooms
- 5
- Living area
- 2,753 sqft
- Heating
- Central, Electric, Ductless
- Cooling
- Central Air, Wall/Window Unit(s)
- Flooring
- Ceramic Tile
- Features
- Built-in Features, Ceiling Fans(s), Open Floorplan, Thermostat
- Appliances
- Electric Water Heater, Range, Refrigerator, Tankless Water Heater
Exterior & lot
- Lot size
- 15,000 sqft (0.34 ac)
- Roof
- Other
- Construction
- Block, Concrete, Stucco
- Exterior
- Outbuildings, Lighting, Private Mailbox
Financial
- Annual tax
- $5,455 (2024)
- Price / sqft
- $167/sqft
Utilities
- Water
- Public
- Sewer
- Septic Tank
- Utilities
- Cable Connected, Electricity Connected, Fire Hydrant, Water Connected
Property
- Property type
- Multi-Family
- Year built
- 1956
- Subdivision
- TAMPA TARPON SPGS LAND CO
- County
- Pasco
Assigned schools
- Middle
- Gulf Middle-PO
- High
- Gulf High-PO
Listing
- Status
- Active
- Days on market
- 476 days
- MLS #
- MFR755419894
- Source
- Stellar MLS
Listed by Susan McGowan · FUTURE HOME REALTY INC
Listing data provided by Stellar MLS. Information deemed reliable but not guaranteed.
Sample estimate — not an appraisal
$495k
+7.6% vs asking
$467k low$522k high
Based on 16 comparable sales within 4 miles of NEW PORT RICHEY, FL, this home is priced under RENA ValiQ.
Reference only. Estimates blend public sale comps, neighbourhood trend and the listing’s own metrics. Final price moves on diligence, terms and timing — RENA is your second read, not your agent.
Estimate your monthly cost
PITI + HOAEstimated monthly payment$2,981/mo
- Principal & interest
- $2,326/mo
- Property tax
- $455/mo
- Home insurance
- $200/mo
Opens at 20% down over 30 years at 6.5%, the same assumptions as the answers below. Property tax is this listing's own 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.
Price history
From the property’s MLS record.
| Date | Event | Price | Change |
|---|---|---|---|
| Jul 26, 2026 | Price reduced | $459,999 | −$215,001 |
| Apr 4, 2025 | Listed | $675,000 | — |
NeighbourhoodSample data
Reference scores for NEW PORT RICHEY, FL. Schools, mobility and amenities feed live data once the dedicated provider connection lands.
Walk Score
41/ 100
Car-dependent
Transit Score
28/ 100
Some transit
Bike Score
68/ 100
Bikeable
Elementary school
Not listed
Not named in the MLS record for this home
Middle school
Gulf Middle-PO
Assigned school from the MLS record
High school
Gulf High-PO
Assigned school from the MLS record
Location
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