Renovated Duplex with Flex
11987 Maple Street, Dunnellon, FL 34432
MULTI_FAMILY - Other - Dunnellon, FL
Property size:
2,312 SFLot size:
0.18 AcresPrice / SF:
$176/SF- Added:
- Jan 3, 2026
- Days on Market:
- 180
- Last Refresh:
- Jul 2 at 8:06 pm
Property Features for 11987 Maple Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Rooms
- Bedroom 2, Bedroom 3, Bedroom 1, Laundry Room, Bedroom 4
- Parking features
- Driveway
- Patio and Porch features
- Porch
- Standard status
- Active
- Size
- 2,312 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 4699
Utilities
- Water source
- Public
Building Details
- Year built
- 1965
- Number of units
- 2
- Flooring type
- Vinyl
- Building materials
- Stucco
- Architectural style
- Other
Listing agent Leticia Cruz, Pa License #3135661 (321) 939-3748
Listing office La Rosa Realty Llc Suite 100 1420 Celebration Blvd, Celebration, FL (321) 939-3748
Listing date Jan 3, 2026
MLS# 11624403
Listing URL
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Fully renovated 2‑unit duplex built in 1965, with each unit offering 2 bedrooms and 1 bathroom
- Renovations in 2024 include all new double‑pane energy‑efficient windows, fresh interior and exterior paint, and a seamless aluminum gutter system
- Unit #2 major system updates in 2024: brand‑new HVAC with complete duct work replacement and a full electrical rewire
- Both kitchens and bathrooms updated with modern cabinetry and granite stone countertops
- New roof installed December 2023
- Includes a center unfinished space that could be converted into a third rentable unit, storage, or custom flex space
Overview
11987 Maple Street is a fully renovated duplex featuring two separate units, each with two bedrooms and one bathroom. The 2024 renovation includes new double-pane energy-efficient windows, fresh interior and exterior paint, a seamless aluminum gutter system, and major system upgrades in Unit #2, including a brand-new HVAC with complete duct work replacement and a full electrical rewire. Both kitchens and bathrooms have been updated with modern cabinetry and granite stone countertops. A new roof was installed in December 2023. The property also sits on a landscaped lot with paver parking, and includes a center unfinished space that could be adapted for additional storage, custom flex use, or potentially additional rental configuration.
Located in Dunnellon, the property is just minutes from historic downtown Dunnellon with shopping and dining, and near the Rainbow River. Ocala is less than 30 minutes away for additional healthcare, retail, and entertainment options.
This layout can support a range of tenant or ownership setups, including long-term occupancy or continued short-term use, since one unit is currently operating as an Airbnb. The second unit can serve long-term tenants or other living arrangements, while the unfinished central area offers an option to tailor the property to the owner’s needs.
Located in Dunnellon, the property is just minutes from historic downtown Dunnellon with shopping and dining, and near the Rainbow River. Ocala is less than 30 minutes away for additional healthcare, retail, and entertainment options.
This layout can support a range of tenant or ownership setups, including long-term occupancy or continued short-term use, since one unit is currently operating as an Airbnb. The second unit can serve long-term tenants or other living arrangements, while the unfinished central area offers an option to tailor the property to the owner’s needs.
Local 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 | $31.9k | $13.80 |
| − Vacancy | −$1.8k | −$0.76 |
| EGI | $30.2k | $13.04 |
| − OpEx | −$9.0k | −$3.91 |
| NOI | $21.1k | $9.13 |
2,312 SF · lease $13.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$301.5K
$263.8K – $351.8K
NOI $21,106 @ 7.0% cap · market cap 5.16%
Second Best
Apartment 5plus
$276.6K
$242.1K – $322.7K
NOI $19,364 @ 7.0% cap · market cap 4.73%
Theoretical Best
Specialty Retail
$519.5K
$454.6K – $606.1K
NOI $36,365 @ 7.0% cap · market cap 8.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Dunnellon
- County
- Citrus
- State
- Florida
- Longitude
- -82.455481
- Latitude
- 29.049196
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Fully renovated two-unit duplex with updated systems, two-bedroom layouts, and an unfinished central area for added flexibility.
Where is this duplex located?
The property is located at 11987 Maple Street Dunnellon, FL.
What is the asking price?
The asking price for this property is $409,000.
What are key features of this property?
This property features: Fully renovated 2‑unit duplex built in 1965, with each unit offering 2 bedrooms and 1 bathroom; Renovations in 2024 include all new double‑pane energy‑efficient windows, fresh interior and exterior paint, and a seamless aluminum gutter system; Unit #2 major system updates in 2024: brand‑new HVAC with complete duct work replacement and a full electrical rewire
