Duplex with Two-Car
New
For Sale
$479,000
2156 S Gleneagle Terrace, Lecanto, FL 34461
ResidentialIncome, Lecanto, FL
Property Size3,556 SF
Lot Size0.46 Acres
Price / SF$134.70
Days on Market1
Property Features for 2156 S Gleneagle Terrace
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
PSO
Parking features
Driveway
Interior features
FirstFloorEntry
Exterior features
Landscaping, ConcreteDriveway
Appliances
Dishwasher, ElectricOven, ElectricRange, MicrowaveHoodFan, Microwave, Refrigerator
Subdivision
Not on List
Lot features
Cleared, Flat
Elementary school
Rock Crusher Elementary
Middle school
Crystal River Middle
High school
Crystal River High
Directions
Hwy 44W to Hwy 490 to R on S Gleneagle Terr. Units on left, must go to end of median and make u-turn
Standard status
Active
APN
3522469
Size
3,556 SF
Lot size
0.46 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
GIGUERE SUBDIVISION, PB 19 PG 131, PARCEL "B"
Tax Annual Amount
6458
Legal Description
GIGUERE SUBDIVISION, PB 19 PG 131, PARCEL "B"
Utilities
Sewer type
Septic Tank
Heating system
Heat Pump (Heating), Central, Electric (Heating)
Cooling system
Electric, Central Air
Amenities
granite countertops
soft close cabinets
stainless steel appliances
luxury vinyl plank flooring
Building Details
Year built
2018
Floors in Building
1
Number of units
2
Flooring type
Vinyl
Building materials
Stucco
Roof type
Shingle, Asphalt
Architectural style
Other
Listing Agency:
Castro Realty & Property Manag
(352) 228-0876
Listed By:
Marguerite Budnick · License #561554
(352) 746-7828
Added: Oct 16
Last Checked: Oct 16 at 11:06PM
MLS# 858484
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.
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Investment Insights
Based on property information with market context.
This 2018 duplex contains two units, each with three bedrooms, two bathrooms, and a two-car garage. The 3,556-square-foot property sits on 0.46 acres and features granite countertops, soft-close cabinetry, stainless steel appliances, and vinyl plank flooring. Central heating and air conditioning serve the building, with a heat pump and electric service also noted.
The property is zoned PSO and has a septic system. Both units are reported occupied, with tenants in place for more than five years.
The property is zoned PSO and has a septic system. Both units are reported occupied, with tenants in place for more than five years.
Key Highlights
- Two duplex units, each with 3 bedrooms, 2 bathrooms, and a 2‑car garage
- 3,556 square feet on 0.46 acres
- Built in 2018; zoned PSO
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,462
Cap Rate
6.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$649,240
$649.2K
Cap Rate 7%
$463,743
$463.7K
Cap Rate 9%
$360,689
$360.7K
Market Conditions
NOI Build-Up for 3,556 SF
Gross rent
$49.1K $13.80/SF
− Vacancy
−$2.7K −$0.76/SF
EGI
$46.4K $13.04/SF
− OpEx
−$13.9K −$3.91/SF
NOI
$32.5K $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%
$649,240
Cap Rate 7%
$463,743
Cap Rate 9%
$360,689
Alternative Uses
Best Use
Multifamily LT 5
$463.7K
$405.8K – $541.0K
NOI $32,462 @ 7.0% cap · market cap 6.78%
Second Best
Apartment 5plus
$425.5K
$372.3K – $496.4K
NOI $29,783 @ 7.0% cap · market cap 6.22%
Theoretical Best
Specialty Retail
$799.0K
$699.2K – $932.2K
NOI $55,932 @ 7.0% cap · market cap 11.68%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
38
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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Built in 2018, the property combines updated interior finishes with a landscaped lot and concrete driveway.
Where is this duplex located?
The property is located at 2156 S Gleneagle Terrace Lecanto, FL.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: Two duplex units, each with 3 bedrooms, 2 bathrooms, and a 2‑car garage; 3,556 square feet on 0.46 acres; Built in 2018; zoned PSO
