Two-Unit Duplex Under
For Sale
$554,900
192-194 S LEMON Avenue, Brooksville, FL 34601
Residential Income, BROOKSVILLE, FL
Property Size2,464 SF
Lot Size0.25 Acres
Price / SF$225.20
Days on Market192
Property Features for 192-194 S LEMON Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Zoning
R2
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 4, Bedroom 1, Bathroom 2, Bathroom 4, Bedroom 2, Bathroom 1, Bathroom 3
Interior features
Ceiling Fans(s), Primary Bedroom Main Floor, Thermostat
Subdivision
HALES ADD TO BROOKSVL
Directions
turn on lemon
Standard status
Active
APN
R22-222-19-2110-0020-0010
Size
2,464 SF
Lot size
0.25 Acres
Additional Details
Currently Operating
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
HALES ADDITION TO BROOKSVILLE BLK 2 SE1/4
Tax Annual Amount
325
Legal Description
HALES ADDITION TO BROOKSVILLE BLK 2 SE1/4
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2025
Floors in Building
1
Building materials
Block, Stucco
Roof type
Shingle
Buildings
1
Listing Agency:
EXP REALTY LLC
(888) 883-8509
Listed By:
Maria Leon PLLC · License #3360165
(813) 562-2334
Added: Apr 25
Changed: Oct 28
Last Checked: Nov 2 at 5:06PM
MLS# TB8501759
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.
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Investment Insights
Based on property information with market context.
This two-unit residential property is under construction and contains 2,464 square feet on a 0.25-acre lot. Built with block and stucco, the duplex includes two residences, each configured with 2 bedrooms and 2 full bathrooms. Interior features include open living areas, contemporary kitchens, ceiling fans, main-level primary bedrooms, and thermostats. Central heating and central air conditioning serve the units, while the shingle roof provides the overhead covering.
The property is located at 192-194 S LEMON Avenue in Brooksville, Florida, within the 34601 postal area. It is zoned R2 and connected to public water and public sewer. The source information also identifies an established Airbnb operation that is already generating income.
The property is located at 192-194 S LEMON Avenue in Brooksville, Florida, within the 34601 postal area. It is zoned R2 and connected to public water and public sewer. The source information also identifies an established Airbnb operation that is already generating income.
Key Highlights
- Two‑unit duplex with 2,464 square feet of property size
- Each unit includes 2 bedrooms and 2 full bathrooms
- Built in 2025 and currently listed as under construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,761
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$575,220
$575.2K
Cap Rate 7%
$410,871
$410.9K
Cap Rate 9%
$319,567
$319.6K
Market Conditions
NOI Build-Up for 2,464 SF
Gross rent
$44.1K $17.88/SF
− Vacancy
−$3.0K −$1.21/SF
EGI
$41.1K $16.67/SF
− OpEx
−$12.3K −$5.00/SF
NOI
$28.8K $11.67/SF
Area
Hernando County, FL
Vacancy
6.74%
Lease Rate
$17.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$575,220
Cap Rate 7%
$410,871
Cap Rate 9%
$319,567
Alternative Uses
Best Use
Multifamily LT 5
$410.9K
$359.5K – $479.4K
NOI $28,761 @ 7.0% cap · market cap 5.18%
Second Best
Apartment 5plus
$323.7K
$283.3K – $377.7K
NOI $22,662 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$561.3K
$491.1K – $654.8K
NOI $39,290 @ 7.0% cap · market cap 7.08%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,046
Businesses Nearby
Explore this area
Business Placement
Demographics for 34601, FL
23,001
Population
12,276
Households
1.9
Avg Household Size
50
Median Age
20%
College-Educated
88%
High-School Grad
114.0 sq mi
ZIP Area
202
Density / Sq Mi
$56,365
Median Household Income
$35,182
Median Earnings
$1,066
Median Rent
$151,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers a contemporary layout with two bedrooms, two full bathrooms, and central heating and cooling.
Where is this duplex located?
The property is located at 192-194 S LEMON Avenue Brooksville, FL.
What is the asking price?
The asking price for this property is $554,900.
What are key features of this property?
This property features: Two‑unit duplex with 2,464 square feet of property size; Each unit includes 2 bedrooms and 2 full bathrooms; Built in 2025 and currently listed as under construction
