5403 DRINKARD DRIVE
New Port Richey, FL 34653
$299,900
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.
Listing Courtesy of: SANDPEAK REALTY
727-232-2192
| Listing Id: | W7889441 |
|---|---|
| List Price: | $299,900 |
| Property Type: | Residential Income |
| Property Sub Type: | Duplex |
| Status: | Active |
| Bedrooms Total: | 4 |
| Bathrooms Full: | 2 |
| Living Area: | 2,464 |
| Tax Annual Amount: | $3,820 |
| Lot Size Square Feet: | 7,200 |
| Lot Size Acres: | 0.17 |
| Waterfront?: | No |
| City: | New Port Richey |
| County Or Parish: | Pasco |
| Subdivision Name: | Old Grove |
| Postal Code: | 34653 |
| Year Built: | 1984 |
| Number Of Units Total: | 2 |
| Appliances: | Range |
| Bathrooms Total Integer: | 2 |
| Building Area Units: | Square Feet |
| Foundation Details: | Slab |
| Construction Materials: | Block |
| Cooling: | Central Air |
| Directions: | From US 19, East on Gulf Drive, South on Madison. East on Warren Ave. On Corner of Warren and Drinkard |
| Elementary School: | Cotee River Elementary-PO |
| Exterior Features: | Fence |
| Flooring: | Carpet, Vinyl |
| Furnished: | Unfurnished |
| Heating: | Central, Electric |
| High School: | Gulf High-PO |
| Interior Features: | Eat-in Kitchen |
| Laundry Features: | Inside |
| Levels: | One |
| Listing Contract Date: | 2026-09-21 |
| Ownership: | Fee Simple |
| Living Area Source: | Public Records |
| Living Area Units: | Square Feet |
| Lot Features: | Corner Lot, City Limits, Paved |
| Lot Size Acres: | 0.17 |
| Postal Code Plus4: | 4649 |
| Middle Or Junior School: | Gulf Middle-PO |
| MLS Area Major: | 34653 - New Port Richey |
| MLS Area Major: | 34653 - New Port Richey |
| Original List Price: | $299,900 |
| Parcel Number: | 16-26-09-015.0-00F.00-013.0 |
| Parking Features: | Common, Driveway |
| Patio And Porch Features: | Deck |
| Pets Allowed: | Yes |
| Property Attached?: | Yes |
| Township: | 26S |
| Road Surface Type: | Asphalt |
| Roof: | Shingle |
| Listing Terms: | Cash, Conventional |
| Tax Year: | 2025 |
| Sewer: | Public Sewer |
| Special Listing Conditions: | None |
| State Or Province: | FL |
| Utilities: | Electricity Connected, Public, Sewer Connected, Water Connected |
| View: | City |
| Water Source: | Public |
| Public Survey Range: | 16E |
| Public Survey Section: | 9 |
| Zoning: | R3 |
| Alternate Key Folio Num: | 162609015000F000130 |
| Annual Net Income: | 2900.00 |
| Available For Lease Yn: | Yes |
| Calculated List Price By Calcula: | 121.71 |
| Cddyn: | No |
| Dprurl: | https://www.workforce-resource.com/dpr/listing/MFRMLS/W7889441?w=Agent&skip_sso=true |
| Dprurl 2: | https://www.workforce-resource.com/dpr/listing/MFRMLS/W7889441?w=Customer |
| Dpryn: | Yes |
| Flood Zone Code: | AE* |
| Flood Zone Date: | 2020-06-05 |
| Flood Zone Panel: | 12101C0352G |
| Green Verification Count: | 0 |
| Homestead Yn: | No |
| Lease Restrictions Yn: | No |
| Listing Exclusion Yn: | No |
| Living Area Meters: | 228.91 |
| Lot Size Square Meters: | 669 |
| Minimum Lease: | No Minimum |
| Num Of Own Years Prior To Lse: | 0 |
| Planned Unit Development Yn: | No |
| Realtor Info: | As-Is |
| Sdeo yn: | No |
| Total Acreage: | 0 to less than 1/4 |
| Total Num Buildings: | 1 |
| Unit Count: | 2 |
| Unit Number Yn: | No |
| Water Access Yn: | No |
| Water Extras Yn: | No |
| Water View: | No |
| Yrs Of Owner Prior To Leasing Re: | 0 |
| Association 2 Yn: | 0 |
| Attribution Contact: | 727-232-2192 |
| Originating System Name : | Stellar MLS |
| Green Energy Generation Yn: | No |
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Property Last Updated: October 08, 2026 06:32 PM - ET
