$415,000

DUPLEX • GREAT INCOME POTENTIAL • 5 BEDROOMS • 4 FULL BATHS • 2020 ROOF • NO HOA • OVERSIZED PARKING | Discover the flexibility and income potential of this unique Port Richey property offering two separate living units with a combined 5 bedrooms and 4 full bathrooms. Whether you're looking to add to your rental portfolio, live in one unit while renting the other, or create a multi-generational living arrangement, this property offers a variety of possibilities. The front residence features 3 bedrooms and 2 full bathrooms with a comfortable living area, updated kitchen with blue cabinetry and stainless-steel appliances, tile flooring throughout, ceiling fans, neutral finishes, and individual mini-split A/C systems. Two bedrooms and a full bath are located off the main hallway, while the third bedroom and second full bath are positioned toward the rear of the residence. The rear residence offers 2 bedrooms and 2 full bathrooms across two levels. The first floor provides a furnished studio-style bedroom/living space with a kitchenette, full bath with walk-in shower, tile flooring, lots of storage, and spiral staircase leading upstairs. The second level features a spacious living area, updated full kitchen with white cabinetry, tile backsplash, stainless steel appliances, a separate bedroom and full bath, vinyl flooring, plus a screened upper balcony overlooking the backyard. Separate exterior entrances on both levels add privacy and flexibility. Additional updates and features include a 2020 roof, new flooring throughout, tiled bathrooms, newer interior and exterior paint, new windows and doors, updated kitchens, stainless steel appliances, exterior storage, and multiple cooling systems. Outside, the property offers an oversized driveway with abundant parking and room for a boat, patio space, a large backyard (nearly a 1/4 acre!), mature landscaping, and a peaceful setting at the end of Mallett Drive. With No HOA / No CDD, there are no association fees to contend with. Located near shopping, dining, marinas, boat launches, boating destinations, Gulf Coast recreation, and area beaches, this property combines location, flexibility, and income-producing potential. Current estimated rental potential is approximately $2,000–$2,200 per month for the front residence and $1,800–$2,000 per month for the rear residence, offering potential combined rents of approximately $3,800–$4,200 per month. Buyer should independently verify rental rates, permitted uses, and square footage.

5 Beds ⋅ 4 Baths ⋅ TB8551605 MLS

5117 Mallett Drive, Port Richey

Listing courtesy of 54 REALTY LLC. 813-435-5411

$620,000

LOWER PRICE! Income-producing opportunity in the heart of Port Richey! This nearly new (just 2 years old) duplex offers the perfect blend of modern design and smart investing. Each side features an open-concept layout with a spacious kitchen complete with an island that flows seamlessly into the living and dining areas—ideal for both everyday living and entertaining. One unit showcases crisp white shaker cabinetry, while the other offers a stylish contrast with rich navy blue cabinets, both complemented by durable luxury vinyl flooring throughout. Sliders lead to a large, fenced and private backyard, creating great outdoor living space for each unit. A convenient half bath is located downstairs. Upstairs, both units feature a well-designed layout with a primary suite offering an en-suite bath with walk-in shower, while the second bedroom is served by a tub/shower combo. Laundry closets are also located upstairs for added ease. Enjoy morning coffee or evening relaxation from the charming second-floor front balcony. Whether you’re looking to live in one side while offsetting your mortgage with rental income, or maximize returns by leasing both units, this property offers flexibility and strong income potential in a growing area.

4 Beds ⋅ 6 Baths ⋅ TB8496603 MLS

5630 Queener Avenue, Port Richey

Listing courtesy of COMPASS FLORIDA LLC. 813-365-9935

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