Duplex with Attached
2129 N PINE CONE Avenue, Lecanto, FL 34461
For Sale
$599,000
Residential Income, LECANTO, FL
Property Size2,140 SF
Lot Size0.21 Acres
Price / SF$279.91
Days on Market288
Property Features for 2129 N PINE CONE Avenue
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Interior features
Exterior features
Fencing
Subdivision
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
dedicated laundry room
front and rear patios
privacy fencing
attached garage
Building Details
Year built
Number of units
Building materials
Roof type
Buildings
Listing Agency:
EXP REALTY LLC
Listed By:
Hanan Shahin · License #3228393
(888) 883-8509
Added: Jan 24
Changed: Nov 6
Last Checked: Nov 7 at 4:06AM
MLS# W7882405
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 2,140-square-foot duplex was built in 2007 and contains two units, each with 2 bedrooms and 2 bathrooms. Both layouts include a living room, dining area, kitchen, dedicated laundry room, front and rear patios, an attached garage, and privacy fencing. Interior features include eat-in kitchens, ceiling fans, primary bedrooms on the main floor, and walk-in closets. The roof was replaced in 2024, and the structure uses HardiPlank siding with a metal frame.
Set on 0.21 acres in Lecanto, the property has MDR zoning, public water, and public sewer. The listing also identifies no HOA and no rental restrictions. Nearby context includes the Shoppes at Black Diamond, Black Diamond Ranch, and the Suncoast Parkway. Heating is electric, while cooling is provided by central air.
Set on 0.21 acres in Lecanto, the property has MDR zoning, public water, and public sewer. The listing also identifies no HOA and no rental restrictions. Nearby context includes the Shoppes at Black Diamond, Black Diamond Ranch, and the Suncoast Parkway. Heating is electric, while cooling is provided by central air.
Key Highlights
- Duplex totaling 2,140 square feet on a 0.21‑acre parcel
- Two units, each with 2 bedrooms and 2 bathrooms
- Attached garage, front and rear patios, and fencing for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,535
Cap Rate
3.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$390,700
$390.7K
Cap Rate 7%
$279,071
$279.1K
Cap Rate 9%
$217,056
$217.1K
Market Conditions
NOI Build-Up for 2,140 SF
Gross rent
$29.5K $13.80/SF
− Vacancy
−$1.6K −$0.76/SF
EGI
$27.9K $13.04/SF
− OpEx
−$8.4K −$3.91/SF
NOI
$19.5K $9.13/SF
Area
Citrus County, FL
Vacancy
5.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$390,700
Cap Rate 7%
$279,071
Cap Rate 9%
$217,056
Alternative Uses
Best Use
Multifamily LT 5
$279.1K
$244.2K – $325.6K
NOI $19,535 @ 7.0% cap · market cap 3.26%
Second Best
Apartment 5plus
$256.0K
$224.0K – $298.7K
NOI $17,923 @ 7.0% cap · market cap 2.99%
Theoretical Best
Specialty Retail
$480.9K
$420.8K – $561.0K
NOI $33,660 @ 7.0% cap · market cap 5.62%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
160
Businesses Nearby
Explore this area
Business Placement
Demographics for 34461, FL
11,388
Population
5,552
Households
2.1
Avg Household Size
58
Median Age
23%
College-Educated
92%
High-School Grad
45.8 sq mi
ZIP Area
249
Density / Sq Mi
$60,795
Median Household Income
$33,825
Median Earnings
$1,190
Median Rent
$287,200
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Citrus County, FL
Properties on Market for Duplexes in Citrus County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separately configured units offer patios, fenced outdoor areas, and dedicated laundry rooms.
Where is this duplex located?
The property is located at 2129 N PINE CONE Avenue Lecanto, FL.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Duplex totaling 2,140 square feet on a 0.21‑acre parcel; Two units, each with 2 bedrooms and 2 bathrooms; Attached garage, front and rear patios, and fencing for each unit
