Duplex with Separate Utility
For Sale
$290,000
9261 N Peachtree Way, Citrus Springs, FL 34434
ResidentialIncome, Citrus Springs, FL
Property Size1,750 SF
Lot Size0.23 Acres
Price / SF$165.71
Days on Market97
Property Features for 9261 N Peachtree Way
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
PDR
Parking features
Driveway
Exterior features
ConcreteDriveway
Appliances
Dishwasher, ElectricCooktop, ElectricOven, ElectricRange, Refrigerator
Subdivision
Citrus Springs
Lot features
Cleared, Flat, Rectangular
Elementary school
Citrus Springs Elementary
Middle school
Citrus Springs Middle
High school
Lecanto High
Directions
From Ocala: Take FL-40 West to US-41 South. Turn left onto W Citrus Springs Boulevard, left onto N Deltona Boulevard, right onto N Bertin Drive, and then right onto N Peachtree Way. The property will be on the left.
Standard status
Active
APN
1222028
Size
1,750 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CITRUS SPRINGS UNIT 1 PLAT BK 5 PG 89 LOT 3 BLK 69
Tax Annual Amount
2956
Legal Description
CITRUS SPRINGS UNIT 1 PLAT BK 5 PG 89 LOT 3 BLK 69
Utilities
Sewer type
Septic Tank
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
2008
Floors in Building
1
Number of units
1
Flooring type
Vinyl
Building materials
Block, Concrete, Stucco
Roof type
Shingle, Asphalt
Architectural style
Other
Listing Agency:
Keller Williams Cornerstone RE
(352) 369-4044
Listed By:
John Telford · License #3507170
(407) 492-9954
Added: Jun 1
Changed: Sep 2
Last Checked: Sep 5 at 3:06AM
MLS# 855261
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 contains two 2-bedroom, 2-bathroom residences with approximately 875 square feet per unit, totaling 1,750 square feet. Constructed in 2008, the property includes vinyl flooring, central electric heating and cooling, block, concrete, and stucco construction, plus dishwashers, electric cooking appliances, and refrigerators. Each residence has its own driveway access, while the 0.23-acre parcel is served by public water and a septic tank.
Both units are occupied by long-term tenants under month-to-month leases. Separate electric and water meters assign those utilities to the individual residences. The property is located in Citrus Springs, Citrus County, Florida, and is zoned PDR. A concrete driveway, asphalt shingle roof, and central air conditioning complete the primary property improvements.
Both units are occupied by long-term tenants under month-to-month leases. Separate electric and water meters assign those utilities to the individual residences. The property is located in Citrus Springs, Citrus County, Florida, and is zoned PDR. A concrete driveway, asphalt shingle roof, and central air conditioning complete the primary property improvements.
Key Highlights
- Two 2‑bedroom, 2‑bathroom units with approximately 875 square feet each
- 1,750 square feet on a 0.23‑acre parcel
- Built in 2008 with block, concrete, and stucco construction
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
$15,975
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
5.51%
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%
$319,500
$319.5K
Cap Rate 7%
$228,214
$228.2K
Cap Rate 9%
$177,500
$177.5K
Market Conditions
NOI Build-Up for 1,750 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
$24.2K $13.80/SF
− Vacancy
−$1.3K −$0.76/SF
EGI
$22.8K $13.04/SF
− OpEx
−$6.8K −$3.91/SF
NOI
$16.0K $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 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%
$319,500
Cap Rate 7%
$228,214
Cap Rate 9%
$177,500
Alternative Uses
Best Use
Multifamily LT 5
$228.2K
$199.7K – $266.3K
NOI $15,975 @ 7.0% cap · market cap 5.51%
Second Best
Apartment 5plus
$209.4K
$183.2K – $244.3K
NOI $14,657 @ 7.0% cap · market cap 5.05%
Theoretical Best
Specialty Retail
$393.2K
$344.1K – $458.8K
NOI $27,525 @ 7.0% cap · market cap 9.49%
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
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
53
Businesses Nearby
Explore this area
Business Placement
Demographics for 34434, FL
9,582
Population
4,559
Households
2.1
Avg Household Size
47
Median Age
17%
College-Educated
90%
High-School Grad
26.3 sq mi
ZIP Area
364
Density / Sq Mi
$56,553
Median Household Income
$35,245
Median Earnings
$1,226
Median Rent
$211,500
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-bedroom units with flexible month-to-month occupancy and tenant-paid electric and water service.
Where is this duplex located?
The property is located at 9261 N Peachtree Way Citrus Springs, FL.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Two 2‑bedroom, 2‑bathroom units with approximately 875 square feet each; 1,750 square feet on a 0.23‑acre parcel; Built in 2008 with block, concrete, and stucco construction
