Corner-Lot
For Sale
$269,000
21 52nd Street, Yankeetown, FL 34498
ResidentialIncome, Yankeetown, FL
Property Size1,034 SF
Lot Size0.26 Acres
Price / SF$260.15
Days on Market199
Property Features for 21 52nd Street
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Zoning
RE
Parking features
RV, Boat, Driveway, Paved or Surfaced
Exterior features
UnpavedDriveway
Appliances
Dryer, ElectricCooktop, ElectricOven, ElectricRange, Refrigerator, Washer
Subdivision
Not on List
Lot features
Cleared, Corner Lot
Directions
From Inglis, Highway 40 West to 52nd street Left, Please do not disturb tenants.
Standard status
Active
APN
0807200000
Size
1,034 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
05-17-16 YANKEETOWN BLK 18 LOT 1 & E1/2 OF LOT 2 OR BOOK 1633 PAGE 1(See County)
Tax Annual Amount
2045
Legal Description
05-17-16 YANKEETOWN BLK 18 LOT 1 & E1/2 OF LOT 2 OR BOOK 1633 PAGE 1(See County)
Utilities
Sewer type
Septic Tank
Cooling system
Ductless
Water source
Public
Building Details
Year built
1955
Floors in Building
1
Number of units
2
Flooring type
Vinyl
Building materials
Frame, WoodSiding
Roof type
Metal
Architectural style
Other
Listing Agency:
Pristine Properties
(352) 405-1314
Listed By:
Jennifer Naja · License #3382610
(386) 854-0305
Added: Mar 5
Changed: Sep 15
Last Checked: Sep 20 at 10:06PM
MLS# 852915
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 property includes two furnished frame residences with wood siding, metal roofing, vinyl flooring, and ductless cooling. One home contains 1 bedroom and 1 bath, while the other offers 2 bedrooms and 1 bath. The combined property size is 1,034 square feet on a 0.26-acre corner lot, with both homes built in 1955.
The property is located at 21 52nd Street in Yankeetown, Florida, within Levy County. On-site features include a driveway, unpaved driveway area, paved or surfaced parking, and space identified for boat and RV parking. Public water and septic service support the property. Appliances include washers, dryers, refrigerators, electric cooktops, electric ovens, and electric ranges. The reported cap rate is 14.31%.
The property is located at 21 52nd Street in Yankeetown, Florida, within Levy County. On-site features include a driveway, unpaved driveway area, paved or surfaced parking, and space identified for boat and RV parking. Public water and septic service support the property. Appliances include washers, dryers, refrigerators, electric cooktops, electric ovens, and electric ranges. The reported cap rate is 14.31%.
Key Highlights
- Two‑residence duplex on a 0.26‑acre corner lot
- Combined property size of 1,034 square feet
- Unit mix includes 1 bedroom/1 bath and 2 bedrooms/1 bath
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
$10,151
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
3.77%
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%
$203,020
$203.0K
Cap Rate 7%
$145,014
$145.0K
Cap Rate 9%
$112,789
$112.8K
Market Conditions
NOI Build-Up for 1,034 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
$15.5K $15.00/SF
− Vacancy
−$1.0K −$0.98/SF
EGI
$14.5K $14.03/SF
− OpEx
−$4.4K −$4.21/SF
NOI
$10.2K $9.82/SF
Area
Levy County, FL
Vacancy
6.50%
Lease Rate
$15.00 /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%
$203,020
Cap Rate 7%
$145,014
Cap Rate 9%
$112,789
Alternative Uses
Best Use
Multifamily LT 5
$145.0K
$126.9K – $169.2K
NOI $10,151 @ 7.0% cap · market cap 3.77%
Second Best
Apartment 5plus
$130.1K
$113.9K – $151.8K
NOI $9,109 @ 7.0% cap · market cap 3.39%
Theoretical Best
Office A
$256.1K
$224.1K – $298.8K
NOI $17,927 @ 7.0% cap · market cap 6.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
59
Businesses Nearby
Explore this area
Business Placement
Demographics for 34498, FL
588
Population
542
Households
1.1
Avg Household Size
61
Median Age
31%
College-Educated
96%
High-School Grad
7.3 sq mi
ZIP Area
81
Density / Sq Mi
$56,875
Median Household Income
$50,260
Median Earnings
$1,110
Median Rent
$307,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two furnished cottage-style residences offer flexible occupancy and separate one- and two-bedroom layouts.
Where is this duplex located?
The property is located at 21 52nd Street Yankeetown, FL.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: Two‑residence duplex on a 0.26‑acre corner lot; Combined property size of 1,034 square feet; Unit mix includes 1 bedroom/1 bath and 2 bedrooms/1 bath
