Duplex with Attached
2129 N Pinecone Avenue, Lecanto, FL 34461
For Sale
New
$599,000
Residential Income, Lecanto, FL
Property Size2,140 SF
Lot Size0.22 Acres
Price / SF$279.91
Days on Market2
Property Features for 2129 N Pinecone Avenue
General Information
Property type
Property subtype
Zoning
Bedrooms
Full bathrooms
Rooms
Window features
Patio and Porch features
Pets allowed
Exterior features
Fencing
Subdivision
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
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
EXP Realty LLC
(888) 883-8509
Listed By:
Christine Steele · License FL #3639173
(402) 208-9454
Added: Nov 12
Changed: Nov 13
Last Checked: Nov 13 at 1:06AM
MLS# B26099744
Copyright © 2026 BeachesMLS. 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 2007 duplex contains 2,140 square feet across two residences, each arranged with two bedrooms and two bathrooms. Both units include living and dining areas, kitchens, separate laundry rooms, front and rear patios, and attached garages. Privacy fencing serves the outdoor areas. The property has central heating and air conditioning, with carpet and tile flooring.
The 0.22-acre property is in Lecanto, near the Shoppes at Black Diamond, Black Diamond Ranch, and the Suncoast Parkway. It is zoned MDR and has public water and sewer service. The roof and water heaters were replaced in 2024. The duplex is tenant occupied.
The 0.22-acre property is in Lecanto, near the Shoppes at Black Diamond, Black Diamond Ranch, and the Suncoast Parkway. It is zoned MDR and has public water and sewer service. The roof and water heaters were replaced in 2024. The duplex is tenant occupied.
Key Highlights
- Two units, each with 2 bedrooms and 2 bathrooms
- 2,140‑square‑foot duplex on 0.22 acres
- Attached garage and front and rear patios 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
$287,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Each residence offers two bedrooms, two bathrooms, private outdoor areas, and a dedicated laundry room.
Where is this duplex located?
The property is located at 2129 N Pinecone 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: Two units, each with 2 bedrooms and 2 bathrooms; 2,140‑square‑foot duplex on 0.22 acres; Attached garage and front and rear patios for each unit
