Four-Unit Duplex
For Sale
$479,000
Pending
2142 S Gleneagle Terrace, Lecanto, FL 34461
ResidentialIncome, Lecanto, FL
Property Size3,556 SF
Lot Size0.46 Acres
Days on Market407
Property Features for 2142 S Gleneagle Terrace
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
PSO
Parking features
Driveway
Interior features
FirstFloorEntry
Exterior features
Landscaping, ConcreteDriveway
Appliances
Dishwasher, ElectricOven, ElectricRange, MicrowaveHoodFan, Microwave, Refrigerator
Subdivision
Not on List
Lot features
Cleared, Flat
Elementary school
Rock Crusher Elementary
Middle school
Crystal River Middle
High school
Crystal River High
Directions
Hwy 44W to Hwy 490 to R on S Gleneagle Terr. Units on left, must go to end of median and make u-turn
Standard status
Pending
APN
3522468
Size
3,556 SF
Lot size
0.46 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
GIGURE SUBDIVISION PB 19 PG 131 PARCEL "A".
Tax Annual Amount
6494
Legal Description
GIGURE SUBDIVISION PB 19 PG 131 PARCEL "A".
Utilities
Sewer type
Septic Tank
Heating system
Heat Pump (Heating), Electric (Heating), Central
Cooling system
Electric, Central Air
Building Details
Year built
2018
Floors in Building
1
Number of units
4
Flooring type
Vinyl
Building materials
Stucco
Roof type
Asphalt, Shingle
Architectural style
Other
Listing Agency:
Castro Realty & Property Manag
(352) 228-0876
Listed By:
Marguerite A Budnick · License #561554
(352) 746-7828
Added: Aug 28, 2025
Changed: Oct 7
Last Checked: Oct 8 at 12:06PM
MLS# 847414
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 property contains four residential units, with each residence offering three bedrooms, two bathrooms, approximately 1,700 square feet of living area, and a two-car garage. Completed in 2018, the units include granite countertops, soft-close cabinetry, stainless steel appliances, vinyl plank flooring, and first-floor entry. Central heating and cooling, electric service, stucco construction, shingle roofing, and concrete driveways are also provided.
The property occupies 0.46 acres and carries PSO zoning. Landscaping is installed, while wastewater service is provided by a septic tank. The units are currently reported at 100% occupancy, with all but one tenancy extending beyond five years. Each residence includes a range, refrigerator, microwave, and dishwasher, supporting a consistent configuration across the duplex units.
The property occupies 0.46 acres and carries PSO zoning. Landscaping is installed, while wastewater service is provided by a septic tank. The units are currently reported at 100% occupancy, with all but one tenancy extending beyond five years. Each residence includes a range, refrigerator, microwave, and dishwasher, supporting a consistent configuration across the duplex units.
Key Highlights
- Four residential units arranged as duplexes, with 3 bedrooms, 2 bathrooms, and a 2‑car garage per unit
- Approximately 1,700 square feet of living area per unit; total property size is 3556 Square Feet
- Built in 2018 with granite countertops, soft‑close cabinets, stainless steel appliances, and vinyl plank flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,462
Cap Rate
6.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$649,240
$649.2K
Cap Rate 7%
$463,743
$463.7K
Cap Rate 9%
$360,689
$360.7K
Market Conditions
NOI Build-Up for 3,556 SF
Gross rent
$49.1K $13.80/SF
− Vacancy
−$2.7K −$0.76/SF
EGI
$46.4K $13.04/SF
− OpEx
−$13.9K −$3.91/SF
NOI
$32.5K $9.13/SF
Area
Citrus County, FL
Vacancy
5.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$649,240
Cap Rate 7%
$463,743
Cap Rate 9%
$360,689
Alternative Uses
Best Use
Multifamily LT 5
$463.7K
$405.8K – $541.0K
NOI $32,462 @ 7.0% cap · market cap 6.78%
Second Best
Apartment 5plus
$425.5K
$372.3K – $496.4K
NOI $29,783 @ 7.0% cap · market cap 6.22%
Theoretical Best
Specialty Retail
$799.0K
$699.2K – $932.2K
NOI $55,932 @ 7.0% cap · market cap 11.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
38
Businesses Nearby
Explore this area
Business Placement
Demographics for 34461, FL
11,388
Population
5,552
Households
2.1
Avg Household Size
58
Median Age
23%
College-Educated
92%
High-School Grad
45.8 sq mi
ZIP Area
249
Density / Sq Mi
$60,795
Median Household Income
$33,825
Median Earnings
$1,190
Median Rent
$287,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Four residential units feature granite finishes, stainless steel appliances, private garages, and vinyl flooring.
Where is this duplex located?
The property is located at 2142 S Gleneagle Terrace Lecanto, FL.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: Four residential units arranged as duplexes, with 3 bedrooms, 2 bathrooms, and a 2‑car garage per unit; Approximately 1,700 square feet of living area per unit; total property size is 3556 Square Feet; Built in 2018 with granite countertops, soft‑close cabinets, stainless steel appliances, and vinyl plank flooring
