Turnkey Income Duplex with
New
For Sale
$269,000
3135 S Lantana Way, Homosassa, FL 34448
MULTI_FAMILY - Other - Homosassa, FL
Property Size1,536 SF
Lot Size0.24 Acres
Price / SF$175.13
Days on Market5
Property Features for 3135 S Lantana Way
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
PSO
Parking features
Driveway
Exterior features
PavedDriveway
Appliances
ElectricOven, ElectricRange
Subdivision
Homosassa Cos Sub
Lot features
Cleared, Corner Lot
Directions
Hwy 19 S to Left on Homosassa Trail to right on Lantana to Property on Left
Standard status
Active
APN
1129788
Size
1,536 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
COM AT MOST S'LY COR OF LT 22 BLK 253 PLAT OF UNIT NO 6 OF HOMOSASSA ACC TO PLAT THEREOF REC IN PB 1 PG 48 OF THE PRCCF TH N 45DEG W AL SW'LY BNDRY OF SD BLK 253 250.0 FT TO POB SD PT ALSO BEING ON NW'LY BNDRY OF SD LBK 253 TH N 45DEG E AL SD NW'LY B NDRY 82.4 FT TH S 45DEG E 128.0 FT TH S 45DEG W 82.4 FT TO SD SW'LY BNDRY OF BLK 253 TH N 45DEG W 128.0 FT TO POB BEING PT OF 8 FT WALK ALL OF LT 1 AND PART OF LT 2 BLK 253 OF SD PLAT OF UNIT 6 OF HOMOSASSA PB 1 PG 48
Tax Annual Amount
2561
Legal Description
COM AT MOST S'LY COR OF LT 22 BLK 253 PLAT OF UNIT NO 6 OF HOMOSASSA ACC TO PLAT THEREOF REC IN PB 1 PG 48 OF THE PRCCF TH N 45DEG W AL SW'LY BNDRY OF SD BLK 253 250.0 FT TO POB SD PT ALSO BEING ON NW'LY BNDRY OF SD LBK 253 TH N 45DEG E AL SD NW'LY B NDRY 82.4 FT TH S 45DEG E 128.0 FT TH S 45DEG W 82.4 FT TO SD SW'LY BNDRY OF BLK 253 TH N 45DEG W 128.0 FT TO POB BEING PT OF 8 FT WALK ALL OF LT 1 AND PART OF LT 2 BLK 253 OF SD PLAT OF UNIT 6 OF HOMOSASSA PB 1 PG 48
Utilities
Sewer type
Septic Tank
Cooling system
Central Air
Water source
Well
Building Details
Year built
1982
Floors in Building
1
Number of units
2
Flooring type
Laminate, Tile
Building materials
Frame, Stucco
Roof type
Shingle, Asphalt
Architectural style
Other
Additional Structures
Shed(s)
Listing Agency:
JT Realty & Associates
(352) 279-2640
Listed By:
Sarah M Hill · License #BK3447180
(352) 670-4455
Added: Jul 27
Last Checked: Jul 31 at 3:06AM
MLS# 856419
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.
Turnkey income-producing duplex located at 3135 S Lantana Way in Homosassa, Florida (Citrus County). The property includes two separate units, and each unit is configured with 2 bedrooms, 1 full bathroom, and its own laundry room. Interiors have been updated with newer interior paint, refreshed kitchens with newer appliances, updated bathrooms, and durable flooring throughout with no carpet. Key capital improvements include a newer roof (2025), newer A/C units (2023), and a newer well pump and tank. Both units are currently leased.
The property is listed under zoning PSO.
With both sides leased and substantial recent upgrades already completed, this duplex presents a ready-to-operate income option for buyers seeking a well-kept residential income property.
The property is listed under zoning PSO.
With both sides leased and substantial recent upgrades already completed, this duplex presents a ready-to-operate income option for buyers seeking a well-kept residential income property.
Key Highlights
- Turnkey income‑producing duplex with both units currently leased
- Each unit offers 2 bedrooms, 1 full bathroom, separate laundry rooms, and updated interiors
- Major improvements include newer roof (2025), newer A/C units (2023), and newer well pump & tank
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.2k | $13.80 |
| − Vacancy | −$1.2k | −$0.76 |
| EGI | $20.0k | $13.04 |
| − OpEx | −$6.0k | −$3.91 |
| NOI | $14.0k | $9.13 |
1,536 SF · lease $13.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$200.3K
$175.3K – $233.7K
NOI $14,022 @ 7.0% cap · market cap 5.21%
Second Best
Apartment 5plus
$183.8K
$160.8K – $214.4K
NOI $12,865 @ 7.0% cap · market cap 4.78%
Theoretical Best
Specialty Retail
$345.1K
$302.0K – $402.7K
NOI $24,160 @ 7.0% cap · market cap 8.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
63
Businesses Nearby
Explore this area
Business Placement
Demographics for 34448, FL
10,889
Population
6,437
Households
1.7
Avg Household Size
59
Median Age
18%
College-Educated
86%
High-School Grad
72.3 sq mi
ZIP Area
151
Density / Sq Mi
$47,526
Median Household Income
$23,452
Median Earnings
$941
Median Rent
$166,000
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 - Well-maintained duplex with two leased units, each offering 2 bedrooms, 1 bathroom, and in-unit laundry.
Where is this duplex located?
The property is located at 3135 S Lantana Way Homosassa, 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: Turnkey income‑producing duplex with both units currently leased; Each unit offers 2 bedrooms, 1 full bathroom, separate laundry rooms, and updated interiors; Major improvements include newer roof (2025), newer A/C units (2023), and newer well pump & tank
