Duplex Income
For Sale
$300,000
452 N ELMWOOD Point, Crystal River, FL 34429
MULTI_FAMILY - CRYSTAL RIVER, FL
Property Size1,900 SF
Lot Size0.26 Acres
Price / SF$157.89
Days on Market93
Property Features for 452 N ELMWOOD Point
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
CLR
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bathroom 4, Bedroom 1, Bathroom 1, Bathroom 3, Bedroom 2, Bedroom 4, Bathroom 2
Window features
Blinds
Interior features
Ceiling Fans(s), Vaulted Ceiling(s)
Exterior features
Fence, Fire Pit
Fencing
Fenced
Appliances
Electric Water Heater, Range, Range Hood, Refrigerator
Subdivision
FOREST VILLAGE UNREC SUB
Lot features
Flood Zone, Paved
Elementary school
Crystal River Primary School
Middle school
Crystal River Middle School
High school
Crystal River High School
Directions
From Suncoast Blvd heading North: Turn left on W Fort Island Trail. Turn left on N Greenleaf Forest Rd. Turn right on W Fanwood Ln. Turn right on N Elmwood Pt. Property is on the left.
Standard status
Active
APN
17E-18S-32-0000-2A450-0160
Size
1,900 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
FOREST VILLAGE UNREC SUB LOT 16 IN LOT 45 GREENLEAF FOREST: COM AT E 1/4 OF SEC 32-18-17 TH S 89 DEG 59M 51S W AL N LN OF SE 1/4 OF SEC 32 664.85 FT TH S 0 DEG 14M 32S W 200 FT TO POB TH N 89 DEG 59M 51S E 115.25 FT TH S 0 DEG 7M 43S W 103.06 FT TO N R/W OF 50 FT WIDE CO RD TH S 89 DEG 40M 40S W AL R/W 115.46 FT TH N 0 DEG 14M 32S E 103.71 FT TO POB -- SUBJ TO EASM OF REC -- TITLE IN OR BK 2609 PG 2060 & OR BK 2634 PG 1830
Tax Annual Amount
2110
Legal Description
FOREST VILLAGE UNREC SUB LOT 16 IN LOT 45 GREENLEAF FOREST: COM AT E 1/4 OF SEC 32-18-17 TH S 89 DEG 59M 51S W AL N LN OF SE 1/4 OF SEC 32 664.85 FT TH S 0 DEG 14M 32S W 200 FT TO POB TH N 89 DEG 59M 51S E 115.25 FT TH S 0 DEG 7M 43S W 103.06 FT TO N R/W OF 50 FT WIDE CO RD TH S 89 DEG 40M 40S W AL R/W 115.46 FT TH N 0 DEG 14M 32S E 103.71 FT TO POB -- SUBJ TO EASM OF REC -- TITLE IN OR BK 2609 PG 2060 & OR BK 2634 PG 1830
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1981
Floors in Building
1
Flooring type
Tile - Ceramic
Building materials
Block, Stucco
Roof type
Shingle
Listing Agency:
CHARLES RUTENBERG REALTY INC
(727) 538-9200
Listed By:
Andrew McGuire · License #3297849
(920) 810-3335
Added: Apr 30
Changed: Jul 29
Last Checked: Jul 31 at 2:06AM
MLS# TB8503406
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 duplex income property offers a total of 1,900 square feet of space across two units on a 0.26-acre lot. The listing positions the building as suitable for building an income portfolio, including long-term leasing and short-term rental use.
Located at 452 N Elmwood Point in Crystal River, Florida (Citrus County), the property is offered under zoning designated as CLR.
With a compact lot size and duplex configuration, this is a straightforward residential income option for buyers seeking an owner-managed property structure in Crystal River.
Located at 452 N Elmwood Point in Crystal River, Florida (Citrus County), the property is offered under zoning designated as CLR.
With a compact lot size and duplex configuration, this is a straightforward residential income option for buyers seeking an owner-managed property structure in Crystal River.
Key Highlights
- Solid duplex building constructed with block and stucco; roof is shingle and the property was built in 1981
- Central heating and central air conditioning
- Ceramic tile flooring and interior features including ceiling fans and vaulted ceilings
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 | $26.2k | $13.80 |
| − Vacancy | −$1.4k | −$0.76 |
| EGI | $24.8k | $13.04 |
| − OpEx | −$7.4k | −$3.91 |
| NOI | $17.3k | $9.13 |
1,900 SF · lease $13.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$247.8K
$216.8K – $289.1K
NOI $17,345 @ 7.0% cap · market cap 5.78%
Second Best
Apartment 5plus
$227.3K
$198.9K – $265.2K
NOI $15,913 @ 7.0% cap · market cap 5.30%
Theoretical Best
Specialty Retail
$426.9K
$373.6K – $498.1K
NOI $29,885 @ 7.0% cap · market cap 9.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
46
Businesses Nearby
Explore this area
Business Placement
Demographics for 34429, FL
8,837
Population
5,458
Households
1.6
Avg Household Size
60
Median Age
25%
College-Educated
90%
High-School Grad
41.4 sq mi
ZIP Area
213
Density / Sq Mi
$57,716
Median Household Income
$36,577
Median Earnings
$1,070
Median Rent
$220,300
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 - Duplex for sale with 1,900 SF total area on a 0.26-acre lot, zoned CLR.
Where is this duplex located?
The property is located at 452 N ELMWOOD Point Crystal River, FL.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Solid duplex building constructed with block and stucco; roof is shingle and the property was built in 1981; Central heating and central air conditioning; Ceramic tile flooring and interior features including ceiling fans and vaulted ceilings
