Updated condo in the heart of New Port Richey! This unit is one (1) of three (3) available investment properties, all currently rented and producing a combined monthly income of $4,650. An excellent investment opportunity with strong returns — this particular unit rents for $1,550/month, offering a ~14.4% gross cap rate and an estimated ~10.0% net cap rate (based on a 30% expense ratio). Recent appraisal and inspection reports are included in the attachments. This well-maintained 2-bedroom, 2-bath corner Unit features a spacious open living area, large kitchen, generous bedrooms, in-unit laundry, and extra storage space. Peacefully situated next to a quiet conservation area, this home offers privacy and a serene natural view. Located minutes from beautiful Gulf beaches, shopping, dining, and entertainment, with easy access to Tampa, St. Petersburg, Clearwater, and the airport. The low HOA fee ($302/month) covers water, sewer, and trash. Whether you’re seeking a clean, affordable home or a high-performing, cash-flowing investment — this one checks all the boxes. Cash-only sale.
For sale
Price cut: $5.5K (3/6)
$123,500
5816 Congress St APT 101, New Port Richey, FL 34653
2beds
985sqft
Est.:
Condominium
Built in 2004
-- sqft lot
$116,500 Zestimate®
$125/sqft
$302/mo HOA
What's special
Generous bedroomsExtra storage spaceSerene natural viewIn-unit laundryCorner unitLarge kitchen
- 165 days |
- 212 |
- 4 |
Zillow last checked: 7 hours ago
Listing updated: March 06, 2026 at 12:54pm
Listing Provided by:
Matt Mayers 727-678-1074,
LIFES A BEACH REAL ESTATE 972-415-2502
Source: Stellar MLS,MLS#: TB8435029
Originating MLS: Suncoast Tampa
Originating MLS: Suncoast Tampa
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Features: Ceiling Fan(s), Built-in Closet
- Level: First
- Area: 144 Square Feet
- Dimensions: 12x12
Bedroom 2
- Features: Ceiling Fan(s), Built-in Closet
- Level: First
- Area: 144 Square Feet
- Dimensions: 12x12
Primary bathroom
- Features: No Closet
- Level: First
- Area: 48 Square Feet
- Dimensions: 6x8
Family room
- Features: No Closet
- Level: First
- Area: 168 Square Feet
- Dimensions: 12x14
Kitchen
- Features: No Closet
- Level: First
- Area: 80 Square Feet
- Dimensions: 8x10
Living room
- Features: Ceiling Fan(s), No Closet
- Level: First
- Area: 168 Square Feet
- Dimensions: 12x14
Heating
- Electric
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Electric Water Heater, Freezer, Microwave, Refrigerator
- Laundry: Electric Dryer Hookup, Washer Hookup
Features
- Ceiling Fan(s), None
- Flooring: Ceramic Tile, Laminate
- Has fireplace: No
- Common walls with other units/homes: Corner Unit
Interior area
- Total structure area: 985
- Total interior livable area: 985 sqft
Property
Features
- Levels: One
- Stories: 1
- Exterior features: Other, Sidewalk
Lot
- Size: 1.83 Acres
Details
- Parcel number: 162609022.000B.00101.0
- Zoning: MF1
- Special conditions: None
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
Materials
- Block
- Foundation: Slab
- Roof: Metal
Condition
- Completed
- New construction: No
- Year built: 2004
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: None
- Pet fee: $0 monthly
- Subdivision: GLEN CREST CONDO
HOA
- Has HOA: Yes
- Services included: Cable TV, Internet, Maintenance Structure, Maintenance Grounds, Maintenance Repairs, Sewer, Trash, Water
- HOA fee: $302 monthly
- HOA name: Qualified Property Management, Inc.
- HOA phone: 727-869-9700
Location
- Region: New Port Richey
Financial & listing details
- Price per square foot: $125/sqft
- Tax assessed value: $88,048
- Annual tax amount: $2,216
- Date on market: 10/6/2025
- Cumulative days on market: 165 days
- Ownership: Condominium
- Total actual rent: 18600
- Electric utility on property: Yes
- Road surface type: Asphalt
Estimated market value
$116,500
$111,000 - $122,000
$1,591/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/6/2026 | Price change | $123,500-4.3%$125/sqft |
Source:  Stellar MLS #TB8435029 Report a problem | ||
| 12/31/2025 | Price change | $129,000-0.4%$131/sqft |
Source: Stellar MLS #TB8435029 Report a problem | ||
| 10/6/2025 | Listed for sale | $129,500-7.5%$131/sqft |
Source: Stellar MLS #TB8435029 Report a problem | ||
| 8/3/2024 | Listing removed | -- |
Source: Stellar MLS #U8231088 Report a problem | ||
| 7/27/2024 | Listed for sale | $140,000$142/sqft |
Source: Stellar MLS #U8231088 Report a problem | ||
| 7/17/2024 | Listing removed | -- |
Source: Stellar MLS #U8231088 Report a problem | ||
| 7/11/2024 | Price change | $140,000-6.6%$142/sqft |
Source: Stellar MLS #U8231088 Report a problem | ||
| 4/11/2024 | Price change | $149,900-3.3%$152/sqft |
Source: Stellar MLS #U8231088 Report a problem | ||
| 3/11/2024 | Price change | $155,000-3.1%$157/sqft |
Source: Stellar MLS #U8231088 Report a problem | ||
| 2/23/2024 | Price change | $159,900-3.7%$162/sqft |
Source: Stellar MLS #U8231088 Report a problem | ||
| 2/15/2024 | Listed for sale | $166,000+44.3%$169/sqft |
Source: Stellar MLS #U8231088 Report a problem | ||
| 3/31/2022 | Listing removed | -- |
Source: Stellar MLS #U8151711 Report a problem | ||
| 3/9/2022 | Pending sale | $115,000$117/sqft |
Source: Stellar MLS #U8151711 Report a problem | ||
| 3/3/2022 | Listed for sale | $115,000+310.7%$117/sqft |
Source: Stellar MLS #U8151711 Report a problem | ||
| 8/2/2018 | Listing removed | $800$1/sqft |
Source: Siesta Coast Capital, LLC Report a problem | ||
| 7/11/2018 | Listed for rent | $800$1/sqft |
Source: Siesta Coast Capital, LLC Report a problem | ||
| 5/4/2016 | Sold | $28,000-20%$28/sqft |
Source: Stellar MLS #U7774282 Report a problem | ||
| 4/16/2016 | Listed for sale | $35,000+9%$36/sqft |
Source: LISA HALL REALTY, INC #U7774282 Report a problem | ||
| 3/17/2009 | Sold | $32,100$33/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,216 +19.2% | $88,048 +25.1% |
| 2023 | $1,858 +9.1% | $70,360 +6.1% |
| 2022 | $1,703 +79.7% | $66,317 +100.6% |
| 2021 | $948 -1.2% | $33,054 -1% |
| 2020 | $959 +0.8% | $33,392 +1% |
| 2019 | $952 | $33,050 +30.9% |
| 2018 | $952 +23.3% | $25,244 -0.9% |
| 2017 | $772 -2% | $25,480 +7.1% |
| 2016 | $788 +23.7% | $23,801 +13.7% |
| 2015 | $637 +4.5% | $20,931 -0.8% |
| 2014 | $609 | $21,110 +36.5% |
| 2013 | -- | $15,465 -0.7% |
| 2012 | -- | $15,580 -7.2% |
| 2011 | -- | $16,789 -56.8% |
| 2010 | -- | $38,840 -53.8% |
| 2009 | -- | $84,048 -20.7% |
| 2008 | -- | $106,008 -0.9% |
| 2007 | -- | $106,956 -0.9% |
| 2006 | -- | $107,904 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$1,117/mo
Principal & interest
$637
HOA Fees
$302
Property taxes
$178
More affordability tools
Climate risks
Neighborhood: East Madison
Getting around
34 / 100
Car-DependentNearby schools
GreatSchools rating
- 4/10Cotee River Elementary SchoolGrades: PK-5Distance: 1.1 mi
- 2/10Gulf Middle SchoolGrades: 6-8Distance: 0.1 mi
- 3/10Gulf High SchoolGrades: 9-12Distance: 0.9 mi
Schools provided by the listing agent
- Elementary: Cotee River Elementary-PO
- Middle: Gulf Middle-PO
- High: Gulf High-PO
Source: Stellar MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Local experts in 34653
- Florida
- Pasco County
- New Port Richey
- 34653
- East Madison
- 5816 Congress St Apartment 101
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