Duplex on Corner
For Sale
$269,000
21 52nd Street, Yankeetown, FL 34498
MULTI_FAMILY - Other - Yankeetown, FL
Property Size1,034 SF
Lot Size0.26 Acres
Price / SF$260.15
Days on Market181
Property Features for 21 52nd Street
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Zoning
RE
Parking features
Driveway, Boat, RV, Paved or Surfaced
Exterior features
UnpavedDriveway
Appliances
Dryer, ElectricCooktop, ElectricOven, ElectricRange, Refrigerator, Washer
Subdivision
Not on List
Lot features
Cleared, Corner Lot
Directions
From Inglis, Highway 40 West to 52nd street Left, Please do not disturb tenants.
Standard status
Active
APN
0807200000
Size
1,034 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
05-17-16 YANKEETOWN BLK 18 LOT 1 & E1/2 OF LOT 2 OR BOOK 1633 PAGE 1(See County)
Tax Annual Amount
2045
Legal Description
05-17-16 YANKEETOWN BLK 18 LOT 1 & E1/2 OF LOT 2 OR BOOK 1633 PAGE 1(See County)
Utilities
Sewer type
Septic Tank
Cooling system
Ductless
Water source
Public
Building Details
Year built
1955
Floors in Building
1
Number of units
2
Flooring type
Vinyl
Building materials
Frame, WoodSiding
Roof type
Metal
Architectural style
Other
Listing Agency:
Pristine Properties
(352) 405-1314
Listed By:
Jennifer Naja · License #3382610
(386) 854-0305
Added: Mar 5
Changed: Aug 12
Last Checked: Sep 2 at 7:06PM
MLS# 852915
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This duplex corner-lot property includes two fully furnished, income-producing Cracker-style homes, both built in 1955. The first home is a one-bedroom, one-bath layout, and the second home offers two bedrooms and one bath, giving flexibility for different tenant needs or living arrangements. Interior finishes include vinyl flooring, and cooling is provided via ductless systems. The exterior is supported by a frame construction with wood siding, along with a metal roof. Appliances included across the homes are a dryer, electric cooktop, electric oven, electric range, refrigerator, and washer.
The property sits on a 0.26-acre lot and is served by public water and a septic tank sewer system. Exterior access includes an unpaved driveway. Parking features list space for boat, RV, and other vehicles, with paved or surfaced parking elements available alongside the driveway.
Year-round livability is supported by the practical utility setup and the two distinct furnished layouts within the same corner-lot duplex configuration.
The property sits on a 0.26-acre lot and is served by public water and a septic tank sewer system. Exterior access includes an unpaved driveway. Parking features list space for boat, RV, and other vehicles, with paved or surfaced parking elements available alongside the driveway.
Year-round livability is supported by the practical utility setup and the two distinct furnished layouts within the same corner-lot duplex configuration.
Key Highlights
- Corner‑lot duplex with two fully furnished Cracker‑style homes
- Both homes built in 1955; one‑bedroom and one‑bath plus two‑bed and one‑bath layouts
- 0.26‑acre lot with unpaved driveway
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$10,151
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$203,020
$203.0K
Cap Rate 7%
$145,014
$145.0K
Cap Rate 9%
$112,789
$112.8K
Market Conditions
NOI Build-Up for 1,034 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$15.5K $15.00/SF
− Vacancy
−$1.0K −$0.98/SF
EGI
$14.5K $14.03/SF
− OpEx
−$4.4K −$4.21/SF
NOI
$10.2K $9.82/SF
Area
Levy County, FL
Vacancy
6.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$203,020
Cap Rate 7%
$145,014
Cap Rate 9%
$112,789
Alternative Uses
Best Use
Multifamily LT 5
$145.0K
$126.9K – $169.2K
NOI $10,151 @ 7.0% cap · market cap 3.77%
Second Best
Apartment 5plus
$130.1K
$113.9K – $151.8K
NOI $9,109 @ 7.0% cap · market cap 3.39%
Theoretical Best
Office A
$256.1K
$224.1K – $298.8K
NOI $17,927 @ 7.0% cap · market cap 6.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
59
Businesses Nearby
Explore this area
Business Placement
Demographics for 34498, FL
588
Population
542
Households
1.1
Avg Household Size
61
Median Age
31%
College-Educated
96%
High-School Grad
7.3 sq mi
ZIP Area
81
Density / Sq Mi
$56,875
Median Household Income
$50,260
Median Earnings
$1,110
Median Rent
$307,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two income-producing homes built in 1955 offer furnished 1-bedroom and 2-bedroom layouts on a corner lot.
Where is this duplex located?
The property is located at 21 52nd Street Yankeetown, FL.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: Corner‑lot duplex with two fully furnished Cracker‑style homes; Both homes built in 1955; one‑bedroom and one‑bath plus two‑bed and one‑bath layouts; 0.26‑acre lot with unpaved driveway
