Check out this New Port Richey Triplex! Approx 8% cap rate! Located close to shopping and not in a flood zone, this triplex is a money maker! All three units are 2 bedroom, 1 bathroom. The back two units also include washer and dryer hookups! All three units combined currently bring in $2,375 in rent. The two back units are on 12 month leases. The front unit is on a month-to-month lease, which would allow for owner-occupancy if desired!
Multi-familyProperty Type
1974Year Built
8,400 sq ftLot Size
$149Est. Price/Sq.Ft.
Listed by Christopher Light• FUTURE HOME REALTY INC
Bought with Michael Kachelski• DENNIS REALTY & INV. CORP.
Concrete block Tri-Plex built in 1974. All 3 apartments are two bedroom, 1 bath units. Owner pays water (1meter). Excellent rental area – 1 unit leased at below market at $600. 2 Units under lease for $750 a month or more. Units are 800 SF mol each. Attached brochure has more financial information and details. 24 hour notice needed for showing. one water meter, owner pays water
Public Records
Jul 2, 2004
Sold
$176,000
$76/sq ft
Public Records
May 1, 1991
Sold
$78,000
$34/sq ft
Public Records
Aug 1, 1985
Sold
$65,000
$28/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$4,670 (+5.2%)
2024
$4,438 (+17.7%)
2023
$3,770 (+3.8%)
$16,968 + $184,725
$201,693
2022
$3,631 (+9.4%)
2021
$3,321 (+29.8%)
$14,280 + $172,965
$187,245
2020
$2,559 (−1.2%)
$12,180 + $128,126
$140,306
2019
$2,590 (+45.1%)
$12,180 + $129,526
$141,706
2018
$1,785 (+20.2%)
2017
$1,485 (+3.2%)
$12,180 + $60,324
$72,504
2016
$1,439 (+16.9%)
$12,180 + $60,957
$73,137
2014
$1,231 (+9.0%)
2013
$1,129 (+2.3%)
2012
$1,103
Tax history for 5529 Mallow St
Year
Property tax
Land + Additions
Assessment*
2025
$4,670 (+5.2%)
2024
$4,438 (+17.7%)
2023
$3,770 (+3.8%)
$16,968 + $184,725
$201,693
2022
$3,631 (+9.4%)
2021
$3,321 (+29.8%)
$14,280 + $172,965
$187,245
2020
$2,559 (−1.2%)
$12,180 + $128,126
$140,306
2019
$2,590 (+45.1%)
$12,180 + $129,526
$141,706
2018
$1,785 (+20.2%)
2017
$1,485 (+3.2%)
$12,180 + $60,324
$72,504
2016
$1,439 (+16.9%)
$12,180 + $60,957
$73,137
2014
$1,231 (+9.0%)
2013
$1,129 (+2.3%)
2012
$1,103
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
2
Baths
1
Stories
1
Lot width
—
Lot depth
—
Lot size
8,400 Sq. Ft.
Year renovated
1974
Sq. Ft.
2,304
Year built
1974
Style
Other
County
Pasco County
APN
17-26-16-0010-00000-0030
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 20, 2026.
C2
General Commercial District
The purpose of the C-2 General Commercial District is to provide for the orderly development of those uses necessary to meet the community and regional needs for general goods and services, as well as those of a social, cultural, and civic nature, and to exclude uses not compatible with such activities.
Permitted uses
Include but are not limited to:
Bank
Day care facility
Laundromat
General retail
Restaurant
Hospital / medical center
Warehouse
Hotel / motel
Office
Educational/school
Property details
Interior
Virtual Tour
Heating & Cooling
Heating Information: Central, Electric
Cooling Information: Central Air
Exterior
Building Information
Construction Materials: Block
Roof: Shingle
Exterior Features
Exterior Features: Fence
Waterfront Information
Waterfront Feet Total: 0
Water View Y/N: 0
Water Access Y/N: 0
Water Extras Y/N: 0
Property Information
Total Num Buildings: 1
CDD Y/N: 0
Homestead Y/N: 0
Property Type: Residential Income
Property Sub Type: Triplex
Zoning: R4
Land Information
Total Acreage: Up to 10,889 Sq. Ft.
Lot Information
Lot Features: Level, Near Public Transit, Street Dead-End, Paved
Lot Size Acres: 0.19
Lot Size Square Meters: 780
Planned Unit Development YN: 0
Other Exemptions YN: 0
Financial
Tax Information
Tax Annual Amount: $2,589
Tax Year: 2019
Lease / Rent Details
Tenant Pays: Electricity
Utilities
Utility Information
Water Source: Public
Sewer: Public Sewer
Utilities: Cable Available, Electricity Connected, Water Connected
Location
Multi-Family Financial Information
Gross Income: $28,500
Annual Net Income: 19646.00
Multi-Unit Information
Unit Number YN: 1
# of Units (Total): 3
# of Units: 3
Unit Type 1 Information
# of Units: 1
Unit Type 2 Information
# of Units: 1
Unit Type 3 Information
# of Units: 1
Location Information
Directions: SR 54 to Grand Blvd, north to Mallow St. Triplex is on left.
Public facts
Beds: 2
Baths: 1.0
Sq. Ft.: 2,304
Stories: 1.0
Lot Size: 8,400 square feet
Style: Other
Year Built: 1974
Year Renovated: 1974
County: Pasco County
APN: 17-26-16-0010-00000-0030
Home facts updated by county records on Jul 20, 2026
Other
Miscellaneous Information
Third Party YN: 1
Listing Information
Previous Status: Pending
Backups Requested YN: 0
Listing Date Information
Days to Contract: 12
Status Contractual Search Date: 2020-03-19
Listing Price Information
Calculated List Price By Calculated Sq Ft: 102.00
Home Information
Living Area: 2304
Living Area Units: Square Feet
Living Area Source: Public Records
Living Area Meters: 214.05
Building Area Units: Square Feet
Foundation Details: Slab
Around this home
Schools
Gulf Middle School
Public 6-8 • Assigned • 1.4mi
2/10
Gulf High School
Public 9-12 • Assigned • 0.5mi
3/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
10/10 Heat Factor
7 days above 108° expected this year, 28 days in 30 years
10/10 Wind Factor
99% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
New Port Richey, FL • 34652
Average low and high temperatures (°F)
65
49
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54
76
60
81
66
87
73
89
76
90
77
89
78
88
75
82
68
77
61
71
55
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Estimated sale price
$327,000 – $395,000
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