5117 MALLETT, PORT RICHEY, FL 34668
$428,900 Was $429,900
Beds: 5
Baths: N/A Full
Sq. Ft.: 1,928 Sq. Ft.
Year Built: 1968
Lot Size: 0.24 Acres
Garage: N/A
Pool: No
DOM: 219
Property Overview
Status: Active
Property Type: Residential Income
MLS #: 0cc91ccd6d804d29065e458d7df12181
Subdivision: BEHMS SUB
County: Pasco
HOA Fee: N/A
Year Built: 1968
Construction: Block, Stucco
Foundation: Slab
Roof: Shingle
Cooling: Mini-Split Unit(s)
Heating: Wall Units / Window Unit
Sewer: Public Sewer
Water Source: Public
Zoning: R2
Tax Amount: $4,713.61 (2024)
Listed On: Jul 11, 2025
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!
Exterior Features
Lighting, Storage
Directions
From Hwy 19 take Cedar Lane to Pier Rd, Left on Mallett Dr, property as at the end of the street on the right.
School Information
Elementary: N/A
Middle: N/A
High: N/A
Location
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*Estimate includes Principal & Interest (P&I) only. It does not include taxes, insurance, HOA fees, or PMI. Rates and payments may vary. Consult a lender for accurate figures.
Listing Information
Provided Courtesy of:
ERA AMERICAN SUNCOAST REALTY
Listing Agent: Wendy Hoffmann
Information is deemed reliable but not guaranteed. Information provided is 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.
Data last updated: February 16, 2026, 2:50 am UTC
MLS Source: Stellar MLS Copyright © 2026