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Becky Smith
Broker Associate
(941) 773-1954
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$549,000

5940 & 5934 Meadowlane Street New Port Richey, FL 34652 Multi Unit - Multiple Active

  • 5940 & 5934 Meadowlane Street , New Port Richey, FL 34652 Main Photo

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Description

Exceptional Income-Producing Duplex in a prime location! Discover a rare opportunity to own a beautifully designed side-by-side duplex offering the perfect blend of comfort, flexibility, and income potential. Whether you're an investor seeking a high-demand rental property or a homeowner looking to live in one unit while generating rental income from the other, this versatile property delivers outstanding value. Each spacious residence offers 3 beds/2 baths and over 1,250 square feet of thoughtfully designed living space. A functional open-concept layout with high ceilings and recessed lighting seamlessly connect the living and dining areas. Designed with comfort and accessibility in mind, the kitchen features a breakfast bar, newer appliances and a laundry closet with washer/dryer. The guest bedrooms are generously sized and share a hallway bathroom, while the primary suite has a large walk-in closet and en-suite bathroom. This unique layout of two homes under one roof is suitable for a wide range of living needs including multigenerational living or a private mother-in-law suite. Step outside to enjoy the fully fenced backyard, including a separate privacy fence dividing each unit, allowing residents to enjoy their own outdoor space or even store their RV! Enjoy peace of mind with TWO newer AC units (2024/2025) and a brand NEW roof included with acceptable offer. One unit is currently tenant-occupied and fully updated, providing immediate rental income potential. This property offers added flexibility with no HOA restrictions and is situated outside of a flood zone. Located just minutes from US-19, this home has quick access to major commuting routes, shopping, dining, and the vibrant downtown district, making it highly desirable for both homeowners and tenants. Schedule your private showing today!

Property Highlights

Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central
Lot Size: 0.17 Acres
Roof Type: Shingle
Stories: 1.0
Taxes: $4,315
Year Built: 2006

General Information

Bedrooms: 6
Sqft: 2,518
County: Pasco
Subdivision: CRAFTS
Listed By:
Tara Cline COASTAL LUXURY REALTY 727-742-3678

Amenities

Ceiling Fans(s)
Living Room/Dining Room Combo
Open Floorplan
Walk-In Closet(s)
Window Treatments
Fence
Private Yard
RV Hookup

Property Features

Annual Net Income: 24000.00
Appliances: Cooktop, Dishwasher, Dryer, Electric Water Heater, Refrigerator, Washer
Directions: From SR-54, take Madison St. NORTH, then go WEST onto Meadowlane Street. DUPLEX is on the LEFT.
Exterior: Block, Vinyl Siding
Flood Zone Code: X
Flooring: Ceramic Tile, Luxury Vinyl
Foundation: Slab
Home Warranty Y/N: No
Lease Terms: Twelve Months
Listing Terms: Cash, Conventional, FHA, VA Loan
Lot Dimensions: 0.17
Other Equipment: Private Yard, RV Hookup
Ownership: Fee Simple
Parking: Driveway, Off Street, RV Access/Parking
Parking Notes: Driveway, Off Street, RV Access/Parking
Property Attached Y/N: No
Property Sub-Type: Duplex
Sewer: Public Sewer
Showing Instructions: Appointment Only, Call Listing Agent, No Lockbox, ShowingTime
Special Sale Provisions: None
Units: 2
Utilities: Cable Available, Electricity Connected, Public, Water - Multiple Meters
Water: Public
Water Access Y/N: No
Zoning: MF1
$549,000
6beds
2,518sqft
New to the Market Active
BEDS6 BATHS SQUARE FEET2,518 MLS#TB8484287
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONCRAFTS

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5940 & 5934 Meadowlane Street , New Port Richey, FL 34652.

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Estimated Payment

$ 2,371.39 per month $1,851.68 Principal & Interest $359.58 Property Tax $160.13 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 03/12/2026. The listing information on this page last changed on 03/12/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Thu 03/12/2026 12:00:17 AM EST) or Stellar MLS (last updated Wed 03/11/2026 11:44:08 PM EST). Real estate listings held by brokerage firms other than Wagner Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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