$2,800,000
About this home
New Port Colony | 36-Unit Multifamily Investment | New Port Richey, FL | Turnkey multifamily investment. This 36-unit, 55+ community in New Port Richey, Florida is generating a 10% cap rate. The unit mix is well-balanced, with 19 one-bedroom/one-bath, 13 two-bedroom/one-bath, and 4 two-bedroom/two-bath homes, all within a single complex. Every unit has been updated and comes equipped with central heating and air. And here's what really sets this property apart: all 36 units have their own private garage, washer/dryer hookups in the garage of each unit. Residents get their own parking and their own laundry, all tucked right outside their door. Community amenities include a swimming pool, shuffleboard courts, and a neighborhood feel that residents take pride in. Residents have the option to join the Gulf Harbors Beach Club, one of the only private Gulf-front beach clubs in the area, for just $200 a year. It's a small cost that adds a lifestyle element most apartment communities simply can't offer. Day-to-day living is easy. Groceries, restaurants, shopping, and medical facilities are all close by, which matters a great deal to the 55+ residents who call this place home. The 55+ demographic is one of the most stable tenant bases in residential real estate, low turnover, consistent payment history, and genuine pride of residency. New Port Colony reflects all of that. Strong returns, updated units, a private garage, community pool, and a beach club down the road.
Property details
- MLS #
- MFRW7885459
- Property type
- Villa
- Subdivision
- NEW PORT COLONY
- Status
- Active
- Days on market
- 120
- On market date
- May 4, 2026
- Stories
- N/A
- Total bathrooms
- 40
- Garage spaces
- 1
- Parking spaces
- N/A
- Lot size
- N/A
Location
Get directions →Nearby schools
Within 10 miles · public school directory data (NCES)
- Enrollment
- 544
- Student:teacher ratio
- 13.9:1
- District
- PASCO
- Enrollment
- 926
- Student:teacher ratio
- 16.5:1
- District
- PASCO
- Enrollment
- 1,468
- Student:teacher ratio
- 17.7:1
- District
- PASCO
Walkability
Blended score for NEW PORT RICHEY's center: EPA's National Walkability Index (street network, transit, land-use mix) combined with nearby-amenity density. 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).
Market position
How this listing compares to current activity in NEW PORT RICHEY, from live MLS data.
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Data source: Listing information provided by Stellar MLS (mfrmls) via Trestle/CoreLogic. Last updated 23 days ago.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.