$428,900

5117 Mallett Drive, Port Richey, FL 34668

  • 3 beds
  • 1,928 sqft
  • Property Icon Duplex
  • Property Year Built Icon Built in 1968
  • Property Lot Size Icon10,454sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $222/sqft
  • Property List Date Icon Listed 7 months ago

Property Description

Great Investment Opportunity! INSTANT INCOME! UNIT 1 HAS PAYING TENANT (could be vacated if requested), FURNISHED STUDIO IS AVAILABLE, PLUS, THE 1 BED, 1 BATH W/ KITCHEN/LIVING ROOM AVAILABLE TO RENT! Total potential annual earnings approx $50K! This updated versatile multi-unit rental property offers exceptional flexibility and income potential, whether you are looking for a short term rental property for an AirBnB, monthly room rental, or long term rentals -THIS PROPERTY HAS OPTIONS! The first floor (Unit 1) features 3BR/2BA with an updated kitchen & stylish bathrooms, great for long-term tenants. Unit 2: is a charming furnished studio/kitchenette with a separate entrance, great for short-term rental, a guest or owner’s suite. Include it with Unit 1 or Unit 2 to make it an In-Law Suite! - UNIT 1 IS CURRENTLY RENTED OUT! The second floor, (Unit 3) is a nice 1BR/1BA with a kitchen, living room & screened porch! Enjoy quiet evenings by the firepit on this dead end road with a wooded view. The interior & exterior have been nicely updated: granite counters, stainless steel appliances, luxury vinyl & tile flooring, tile bathrooms, paint inside/out & new roof (2020). Plus, there is a storage room. Whether you're looking to expand your rental portfolio, live on-site and rent the rest, or house multiple generations, this property offers endless possibilities. Located in an ideal location, walk to Whiskey River on the water, plus there are other nearby restaurants such as Hooters & Crab Shack. Marinas, shopping & local boating hotspots such as Anclote Key & the Sandbar make it even more appealing! Schedule your showing today!

Listing Status:
Active
Data Last Updated:
February 17, 2026 at 4:17AM
Listing Office:
ERA American Suncoast Realty : (352) 795-6811
MLS ID:
846161
  • General: Second Floor EntryFirst Floor Entry
  • Appliances: Electric OvenElectric RangeMicrowave Hood FanMicrowaveRefrigerator
  • Flooring: LaminateTile
  • A/C: DuctlessWall/Window Unit(s)
  • Heating: Multiple Heating Units
  • General: DeckConcrete Driveway
  • Style: Multi-LevelDuplex
  • Other Structures: WoodDeck
  • Pool: None
  • Parking: ConcreteDrivewayParking spaces: 0
  • Roofing: AsphaltShingle
  • General: StuccoBlock
  • Road/Access: County Road
  • Originating MLS: CITRUS_CITRUS
  • County: Pasco
  • Zoning: R2BEHMS SUBDIVISION PB 3 PG 139 W 70 FT OF N 150 FT OF LOT A16-25-32-019.0-00A.00-007.0
  • Water: Public
  • Sewer: Public Sewer
  • Source: CITRUS_CITRUS

This listing courtesy of ERA American Suncoast Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

R

Richey Elementary School

6850 Adams St, New Port Richey, FL, 34652

Grades KG-5

1.12 miles away

S

Schwettman Education Center

5520 Grand Blvd, New Port Richey, FL, 34652

Grades 6-12

2.17 miles away

S

Schwettman Education Center

5520 Grand Blvd, New Port Richey, FL, 34652

Grades 6-12

2.17 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.