Turnkey Duplex Income
For Sale
$269,000
3135 S LANTANA Way, Homosassa, FL 34448
MULTI_FAMILY - HOMOSASSA, FL
Property Size1,536 SF
Lot Size0.24 Acres
Price / SF$175.13
Days on Market26
Property Features for 3135 S LANTANA Way
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
PSO
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Laundry Room, Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 2
Patio and Porch features
Patio
Pets allowed
Yes
Interior features
Eat-in Kitchen
Appliances
Range, Refrigerator
Subdivision
HOMOSASSA UNIT 06
Lot features
Corner Lot, Flood Insurance Required
Elementary school
Homosassa Elementary School
Middle school
Crystal River Middle School
High school
Crystal River High School
Directions
Hwy 19 S to Left on Homosassa Trail to right on Lantana to Property on Left
Standard status
Active
APN
17E-19S-22-0060-02530-0010
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
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Private
Building Details
Year built
1982
Floors in Building
1
Flooring type
Laminate, Tile
Building materials
Stucco, Frame
Roof type
Shingle
Listing Agency:
JT REALTY & ASSOCIATES
(352) 279-2640
Listed By:
Sarah Hill · License #BK3447180
(352) 670-4455
Added: Jul 6
Changed: Jul 26
Last Checked: Jul 31 at 3:06AM
MLS# TB8525628
Copyright © 2026 Stellar MLS. 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 turnkey income-producing duplex offers two updated residential units. Each unit includes two bedrooms and one full bathroom, along with a private laundry room. Interior updates include newer paint, refreshed kitchens with newer appliances, updated bathrooms, and durable flooring with no carpet. Major capital improvements reported 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 zoned PSO and located at 3135 S LANTANA Way in Homosassa, Citrus County, FL 34448.
For buyers or investors seeking a duplex with recent upgrades and separate, independently arranged laundry spaces within each unit, this property is positioned as a move-in-ready, income-producing asset.
Both units are currently leased. The property is zoned PSO and located at 3135 S LANTANA Way in Homosassa, Citrus County, FL 34448.
For buyers or investors seeking a duplex with recent upgrades and separate, independently arranged laundry spaces within each unit, this property is positioned as a move-in-ready, income-producing asset.
Key Highlights
- Turnkey duplex with both units leased: $1,100/month and $1,150/month
- Each unit has 2 bedrooms, 1 full bathroom, and a private laundry room
- Major updates 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 updated units, each featuring two bedrooms, one bath, and private laundry rooms.
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 duplex with both units leased: $1,100/month and $1,150/month; Each unit has 2 bedrooms, 1 full bathroom, and a private laundry room; Major updates include newer roof (2025), newer A/C units (2023), and newer well pump & tank
