5117 Mallett Drive, Port Richey, FL 34668
Local realty services provided by:Better Homes and Gardens Real Estate Atchley Properties
Listed by: brian kanicki
Office: 54 realty llc.
MLS#:TB8551605
Source:MFRMLS
Price summary
- Price:$425,000
- Price per sq. ft.:$202
About this home
DUPLEX • INCOME POTENTIAL • 5 BEDROOMS • 4 FULL BATHS • TWO SEPARATE LIVING AREAS • 2020 ROOF • NO HOA • OVERSIZED PARKING | Discover the flexibility and income potential of this unique Port Richey property offering two separate living units with a combined 5 bedrooms and 4 full bathrooms. Whether you're looking to add to your rental portfolio, live in one unit while renting the other, or create a multi-generational living arrangement, this property offers a variety of possibilities. The front residence features 3 bedrooms and 2 full bathrooms with a comfortable living area, updated kitchen with blue cabinetry and stainless-steel appliances, tile flooring throughout, ceiling fans, neutral finishes, and individual mini-split A/C systems. Two bedrooms and a full bath are located off the main hallway, while the third bedroom and second full bath are positioned toward the rear of the residence. The rear residence offers 2 bedrooms and 2 full bathrooms across two levels. The first floor provides a furnished studio-style bedroom/living space with a kitchenette, full bath with walk-in shower, tile flooring, lots of storage, and spiral staircase leading upstairs. The second level features a spacious living area, updated full kitchen with white cabinetry, tile backsplash, stainless steel appliances, a separate bedroom and full bath, vinyl flooring, plus a screened upper balcony overlooking the backyard. Separate exterior entrances on both levels add privacy and flexibility. Additional updates and features include a 2020 roof, new flooring throughout, tiled bathrooms, newer interior and exterior paint, new windows and doors, updated kitchens, stainless steel appliances, exterior storage, and multiple cooling systems. Outside, the property offers an oversized driveway with abundant parking and room for a boat, patio space, a large backyard (nearly a 1/4 acre!), mature landscaping, and a peaceful setting at the end of Mallett Drive. With No HOA / No CDD, there are no association fees to contend with. Located near shopping, dining, marinas, boat launches, boating destinations, Gulf Coast recreation, and area beaches, this property combines location, flexibility, and income-producing potential. Current estimated rental potential is approximately $2,000–$2,200 per month for the front residence and $1,800–$2,000 per month for the rear residence, offering potential combined rents of approximately $3,800–$4,200 per month. Buyer should independently verify rental rates, permitted uses, and square footage....
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Home facts
- Year built:1968
- Subdivision & Development:BEHMS SUB
- Listing ID #:TB8551605
- Added:9 day(s) ago
- Updated:October 09, 2026 at 12:19 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:4
- Flooring:Tile, Vinyl
- Kitchen Description:Microwave, Range, Refrigerator, Solid Surface Counters
- Living area:1,928 sq. ft.
Heating and cooling
- Cooling:Mini-Split Unit(s)
- Heating:Ductless
Structure and exterior
- Roof:Shingle
- Year built:1968
- Building area:1,928 sq. ft.
- Lot area:0.24 Acres
- Construction Materials:Block, Concrete, Stucco
- Exterior Features:Balcony, Lighting, Patio, Screened
- Foundation Description:Slab
- Levels:2 Story
Schools
- High school:Gulf High-PO
- Middle school:Gulf Middle-PO
- Elementary school:Richey Elementary School
Utilities
- Water:Public, Water Connected
- Sewer:Public, Public Sewer, Sewer Connected
Finances and disclosures
- Price:$425,000
- Price per sq. ft.:$202
- Tax amount:$4,614 (2025)
Features and amenities
- Appliances:Microwave, Range, Refrigerator
- Amenities:BB/HS Internet Available, Cable Available, Ceiling Fans(s), Open Floorplan, Solid Surface Counters
- Pool features:Public Pool
Parking
- Parking description:Driveway, Oversized
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