Corner Lot Duplex Income
6466 W ARTER STREET Crystal River, FL 34429
6466 W ARTER STREET, Crystal River, FL, 34429
$215,000
For Sale
$215,000
Duplex with two 2/1 units, concrete block stucco exterior, and rear patios with privacy fencing.
Property Size1,518 SF
Price / SF$141.63
Days on Market470
Property Features for 6466 W ARTER STREET
General Information
- Standard status
- Active
- Size
- 1,518 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1983
Listing agency
Tropic Shores Realty
(813) 359-7281
Listed by
Jonathan Trivett · License #3018183
(813) 359-7281
Source
Exitrealty
Added: Apr 8, 2025 Updated: Jul 21 at 3:14AM Checked: Jul 21 at 3:14AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Tropic Shores Realty
Investment Insights
Based on property information with market context.
This duplex features a 2/1 and a 2/1 layout, each with rear concrete patios or porches. The exterior is concrete block stucco, and the property includes a wood privacy fence. One side is currently vacant to allow for showings.
The property sits on a corner lot. Notable recent updates include a roof installed in 2014 and an air conditioning system installed in 2011. Built in 1983, the duplex offers an opportunity for a buyer seeking value-added potential.
The configuration supports income-producing residential use with two separate 2/1 units on the same site.
The property sits on a corner lot. Notable recent updates include a roof installed in 2014 and an air conditioning system installed in 2011. Built in 1983, the duplex offers an opportunity for a buyer seeking value-added potential.
The configuration supports income-producing residential use with two separate 2/1 units on the same site.
Key Highlights
- Duplex built in 1983 with two 2/1 units
- Corner lot duplex with concrete block stucco exterior and wood privacy fence
- Rear patios/porches for each side
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 | $20.9k | $13.80 |
| − Vacancy | −$1.2k | −$0.76 |
| EGI | $19.8k | $13.04 |
| − OpEx | −$5.9k | −$3.91 |
| NOI | $13.9k | $9.13 |
1,518 SF · lease $13.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$198.0K
$173.2K – $231.0K
NOI $13,857 @ 7.0% cap · market cap 6.45%
Second Best
Apartment 5plus
$181.6K
$158.9K – $211.9K
NOI $12,714 @ 7.0% cap · market cap 5.91%
Theoretical Best
Specialty Retail
$341.1K
$298.5K – $397.9K
NOI $23,876 @ 7.0% cap · market cap 11.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex with two 2/1 units, concrete block stucco exterior, and rear patios with privacy fencing.
Where is this duplex located?
The property is located at 6466 W ARTER STREET Crystal River, FL.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Duplex built in 1983 with two 2/1 units; Corner lot duplex with concrete block stucco exterior and wood privacy fence; Rear patios/porches for each side
