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 Unit features a spacious open living area, large kitchen, generous bedrooms, in-unit laundry, and extra storage space. 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 102, New Port Richey, FL 34653
2beds
920sqft
Est.:
Condominium
Built in 2004
-- sqft lot
$117,000 Zestimate®
$134/sqft
$604/mo HOA
What's special
Generous bedroomsExtra storage spaceIn-unit laundryLarge kitchen
- 171 days |
- 97 |
- 1 |
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#: TB8435439
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
Kitchen
- Features: No Closet
- Level: First
- Area: 60 Square Feet
- Dimensions: 6x10
Living room
- Features: No Closet
- Level: First
- Area: 168 Square Feet
- Dimensions: 12x14
Heating
- Electric
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Electric Water Heater, Freezer, Refrigerator
- Laundry: Electric Dryer Hookup, Washer Hookup
Features
- Ceiling Fan(s)
- Flooring: Ceramic Tile, Laminate
- Has fireplace: No
Interior area
- Total structure area: 920
- Total interior livable area: 920 sqft
Property
Features
- Levels: One
- Stories: 1
- Exterior features: Other, Sidewalk
Lot
- Size: 1.83 Acres
Details
- Parcel number: 162609022.000B.00102.0
- Zoning: MF1
- Special conditions: None
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
Materials
- Block
- Foundation: Slab
- Roof: Metal
Condition
- 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: Internet, Maintenance Structure, Maintenance Grounds, Sewer, Trash, Water
- HOA fee: $604 monthly
- HOA name: Qualified Property Management, Inc.
- HOA phone: 727-869-9700
Location
- Region: New Port Richey
Financial & listing details
- Price per square foot: $134/sqft
- Tax assessed value: $86,968
- Annual tax amount: $2,029
- Date on market: 10/7/2025
- Cumulative days on market: 155 days
- Listing terms: Cash
- Ownership: Condominium
- Total actual rent: 18600
- Electric utility on property: Yes
- Road surface type: Asphalt
Estimated market value
$117,000
$111,000 - $123,000
$1,535/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/6/2026 | Price change | $123,500-4.3%$134/sqft |
Source:  Stellar MLS #TB8435439 Report a problem | ||
| 12/31/2025 | Price change | $129,000-0.4%$140/sqft |
Source: Stellar MLS #TB8435439 Report a problem | ||
| 10/7/2025 | Listed for sale | $129,500-6.2%$141/sqft |
Source: Stellar MLS #TB8435439 Report a problem | ||
| 9/12/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 9/5/2023 | Listed for rent | $1,550+93.8%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/17/2022 | Sold | $138,000+392.9%$150/sqft |
Source: Public Record Report a problem | ||
| 8/19/2019 | Listing removed | $800$1/sqft |
Source: Siesta Coast Capital, LLC Report a problem | ||
| 7/29/2019 | Listed for rent | $800$1/sqft |
Source: Siesta Coast Capital, LLC Report a problem | ||
| 8/7/2018 | Listing removed | $800$1/sqft |
Source: Siesta Coast Capital, LLC Report a problem | ||
| 8/3/2018 | Listed for rent | $800+3.2%$1/sqft |
Source: Siesta Coast Capital, LLC Report a problem | ||
| 12/31/2017 | Listing removed | $775$1/sqft |
Source: Siesta Coast Capital, LLC Report a problem | ||
| 12/21/2017 | Listed for rent | $775+3.3%$1/sqft |
Source: Siesta Coast Capital, LLC Report a problem | ||
| 5/10/2017 | Listing removed | $750$1/sqft |
Source: Siesta Coast Capital, LLC Report a problem | ||
| 2/20/2017 | Listed for rent | $750+15.4%$1/sqft |
Source: Siesta Coast Realty, LLC Report a problem | ||
| 5/4/2016 | Sold | $28,000-20%$30/sqft |
Source: Stellar MLS #U7772543 Report a problem | ||
| 4/21/2016 | Pending sale | $35,000$38/sqft |
Source: LISA HALL REALTY, INC #U7772543 Report a problem | ||
| 4/1/2016 | Listed for sale | $35,000+100%$38/sqft |
Source: LISA HALL REALTY, INC #U7772543 Report a problem | ||
| 2/20/2016 | Listing removed | $650$1/sqft |
Source: BizzUp Solutions Report a problem | ||
| 2/16/2016 | Price change | $650-7.1%$1/sqft |
Source: BizzUp Solutions Report a problem | ||
| 2/4/2016 | Price change | $700-6.7%$1/sqft |
Source: BizzUp Solutions Report a problem | ||
| 1/27/2016 | Listed for rent | $750$1/sqft |
Source: BizzUp Solutions Report a problem | ||
| 3/25/2009 | Sold | $17,500$19/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,030 +10.7% | $86,968 +25.5% |
| 2023 | $1,833 +9.2% | $69,280 +6.2% |
| 2022 | $1,679 +79.5% | $65,224 +101% |
| 2021 | $935 +5% | $32,450 +10% |
| 2020 | $890 +5.4% | $29,500 +10% |
| 2019 | $844 | $26,820 +10% |
| 2018 | $844 +12.4% | $24,384 -0.9% |
| 2017 | $752 -2% | $24,610 +29% |
| 2016 | $767 +30.2% | $19,080 +4.9% |
| 2015 | $589 +4.5% | $18,182 -0.8% |
| 2014 | $564 | $18,330 +29.6% |
| 2013 | -- | $14,148 -0.7% |
| 2012 | -- | $14,249 -0.7% |
| 2011 | -- | $14,349 -62.1% |
| 2010 | -- | $37,900 -52.7% |
| 2009 | -- | $80,134 -20.7% |
| 2008 | -- | $101,064 -0.9% |
| 2007 | -- | $101,961 -0.9% |
| 2006 | -- | $102,857 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$1,382/mo
Principal & interest
$600
HOA Fees
$604
Property taxes
$178
More affordability tools
Climate risks
Neighborhood: East Madison
Nearby 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 102
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