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    1234 Pennsylvania Ave Crystal River, FL 34429

    New
    For Sale
    $329,000

    MULTI_FAMILY - Ranch - Crystal River, FL

    Type:Single Family Residence
    Property size:
    3,059 SF
    Lot size:
    0.34 Acres
    Days on Market:
    2
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 1234 Pennsylvania Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    GNC
    APN
    1082833
    Parking features
    RV, Driveway
    Interior features
    FrenchDoorsAtriumDoors, FirstFloorEntry
    Exterior features
    Landscaping, GravelDriveway
    Appliances
    Dryer, WasherDryerStacked, ElectricOven, ElectricRange, Refrigerator, Washer
    Size
    3,059 SF
    Lot size
    0.34 Acres

    Utilities

    Sewer type
    Septic Tank, Shared Septic
    Heating system
    Electric (Heating), Central, Heat Pump (Heating)
    Cooling system
    Window Unit(s), Central Air
    Water source
    Well

    Building Details

    Year built
    1958
    Floors in Building
    1
    Number of units
    4
    Flooring type
    Carpet, Travertine, Terrazzo, Vinyl, Tile
    Building materials
    Stucco
    Roof type
    Shingle, Asphalt
    Architectural style
    Ranch
    Additional Structures
    Shed(s)

    Tropic Shores Realty (352) 684-7371 [email protected]

    Listing agent Andrea Migliaccio (352) 503-4780 License #3247323

    Listing date Dec 4, 2025

    MLS# 850325 Listing URL

    Copyright © 2025 REALTORS Association of Citrus County, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Fourplex with Warehouse and Upgrades

    This property features a four-plex with an attached bay-loading warehouse, presenting a unique investment opportunity. The property has been owned by the seller for 24 years. The four residential units are fully rented with long-term tenants. The property offers the potential to convert into an Air B&B or vacation rental. Upgrades include 450 amp electric service with 3 separate meters, septic, well, plumbing, cable/internet, and central HVAC. Each of the four residential units is fully furnished with all utilities included: electric, water, high-speed broadband wi-fi internet, trash, and lawn maintenance. An attached bay-loading warehouse with carport has been used for storage and never been rented, presenting an opportunity to increase profit margin. There are three steel sheds and ample parking for tenants on 3 sides of the building. The property is located minutes from Kings Bay, Downtown Crystal River, Three Sisters Springs, shopping, restaurants, and a new shooting range. It is also approximately 5 minutes from the Suncoast Pkwy Interchange at Hwy. 486 for commuting to Tampa and Clearwater beaches. The property has never flooded and has had zero wind damage in 24 years. The property is zoned GNC and sits on a 0.34-acre lot.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Crystal River
    County
    Citrus
    State
    Florida
    Longitude
    -82.561144
    Latitude
    28.895216

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    FAQs

    What type of property is this?
    Quadplex - Fourplex with attached warehouse, upgrades, and income potential.
    Where is this quadplex located?
    The property is located at 1234 Pennsylvania Ave Crystal River, FL.
    What is the asking price?
    The asking price for this property is $329,000.
    What are key features of this property?
    This property features: - Four fully-furnished residential units, currently rented, with all utilities included, providing immediate income.; - Attached bay-loading warehouse offers potential for additional rental income as a fifth unit.; - Upgraded infrastructure: 450 amp electric service with 3 meters, septic, well, plumbing, cable/internet, and central HVAC.
    (352) 503-4780
    Request Owner's contact information
    1234 Pennsylvania Ave Crystal River, FL 34429
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    Crystal River, FL 34429
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1234 Pennsylvania Ave Crystal River, FL 34429
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