Fully Renovated Duplex with Flex
11987 MAPLE Street Dunnellon, FL 34432
For Sale
$407,000
MULTI_FAMILY - DUNNELLON, FL
Property Size2,312 SF
Lot Size0.18 Acres
Price / SF$176.04
Days on Market206
Property Features for 11987 MAPLE Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
B3
Bedrooms
4
Bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bedroom 4, Bedroom 2, Bedroom 1, Bathroom 2, Dining Room, Laundry Room
Parking features
Driveway
Window features
Double Pane Windows, Blinds, ENERGY STAR Qualified WIndows
Patio and Porch features
Porch
Interior features
Ceiling Fans(s), Living Room/Dining Room Combo, Primary Bedroom Main Floor, Solid Surface Counters, Solid Wood Cabinets, Thermostat, Window Treatments
Exterior features
Lighting, Rain Gutters, Sidewalk
Appliances
Dryer, Range, Refrigerator, Washer
Standard status
Active
APN
3381-015-001
Size
2,312 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
SEC 35 TWP 16 RGE 18 PLAT BOOK D PAGE 037 MINNETRISTA BLK 15 LOT 1
Tax Annual Amount
4699
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1965
Floors in Building
1
Number of units
2
Flooring type
Vinyl, Terrazzo
Building materials
Block, Stucco
Roof type
Shingle
Listing Agency:
LA ROSA REALTY LLC
(321) 939-3748
Listed By:
Leticia Cruz, PA · License #3135661
(561) 512-7758
Added: Jan 3
Changed: Jul 24
Last Checked: Jul 28 at 12:06AM
MLS# S5140954
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.
11987 Maple Street is a fully renovated duplex featuring two units, each with two bedrooms and one bathroom. The 2024 renovation includes new double-pane energy-efficient windows, fresh interior and exterior paint, an aluminum gutter system, and major system updates in Unit #2, including a brand-new HVAC with complete duct work replacement and a full electrical rewire. Both kitchens and bathrooms were updated with modern cabinetry and granite stone countertops. The property also includes a new roof installed in December 2023.
The duplex is set on a landscaped lot with paver parking. In addition to the two completed units, there is a center unfinished space that can be converted into a third rentable unit, additional storage, or a custom flex area.
Zoned B3, the property is located in Dunnellon, just minutes from historic downtown Dunnellon and less than 30 minutes to Ocala. Unit #1 is currently operating as an Airbnb, while the other unit is suited for long-term tenancy.
The duplex is set on a landscaped lot with paver parking. In addition to the two completed units, there is a center unfinished space that can be converted into a third rentable unit, additional storage, or a custom flex area.
Zoned B3, the property is located in Dunnellon, just minutes from historic downtown Dunnellon and less than 30 minutes to Ocala. Unit #1 is currently operating as an Airbnb, while the other unit is suited for long-term tenancy.
Key Highlights
- Fully renovated duplex with updates completed in 2024, plus major improvements to both units
- New double pane energy‑efficient windows and fresh interior and exterior paint completed in 2024
- Unit #2 includes a brand‑new HVAC system with complete duct work replacement and a full electrical rewire
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 5.19%
Second Best
Apartment 5plus
$276.6K
$242.1K – $322.7K
NOI $19,364 @ 7.0% cap · market cap 4.76%
Theoretical Best
Specialty Retail
$519.5K
$454.6K – $606.1K
NOI $36,365 @ 7.0% cap · market cap 8.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Fully renovated duplex offers two updated units, each with two bedrooms and one bathroom, plus a center unfinished flex space.
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 $407,000.
What are key features of this property?
This property features: Fully renovated duplex with updates completed in 2024, plus major improvements to both units; New double pane energy‑efficient windows and fresh interior and exterior paint completed in 2024; Unit #2 includes a brand‑new HVAC system with complete duct work replacement and a full electrical rewire
