2-Unit Residential
2316 Colby Street, Inverness, FL 34453
For Sale
$299,000
Residential Income, Inverness, FL
Property Size1,984 SF
Lot Size0.28 Acres
Price / SF$150.71
Days on Market72
Property Features for 2316 Colby Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Rooms
Parking features
Appliances
Lot features
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Individually Metered Utilities
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
laundry room
storage room
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
EPIQUE REALTY INC.
(888) 893-3537
Listed By:
Shields Gay, V · License #3498503
(352) 586-6724
Added: Aug 28
Changed: Nov 7
Last Checked: Nov 7 at 3:06AM
MLS# CC857458
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 1,984-square-foot duplex contains two residences, each with two bedrooms, two bathrooms, a dedicated laundry room, and additional storage. Central air conditioning serves the property, and a newer A/C unit is noted. The building was constructed in 1985 and sits on approximately 0.28 acres. Public water and septic service are in place, with assigned parking.
The property is within Inverness city limits and is identified as outside a flood zone. One residence is occupied by a tenant, while the other is vacant. Water and electric are sub-metered separately for each unit; trash service is included in the water bill.
The property is within Inverness city limits and is identified as outside a flood zone. One residence is occupied by a tenant, while the other is vacant. Water and electric are sub-metered separately for each unit; trash service is included in the water bill.
Key Highlights
- Two 2‑bedroom, 2‑bath residences in a 1,984‑square‑foot duplex
- One unit occupied; the second unit is vacant
- Each unit has a dedicated laundry room and additional storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,111
Cap Rate
6.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$362,220
$362.2K
Cap Rate 7%
$258,729
$258.7K
Cap Rate 9%
$201,233
$201.2K
Market Conditions
NOI Build-Up for 1,984 SF
Gross rent
$27.4K $13.80/SF
− Vacancy
−$1.5K −$0.76/SF
EGI
$25.9K $13.04/SF
− OpEx
−$7.8K −$3.91/SF
NOI
$18.1K $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%
$362,220
Cap Rate 7%
$258,729
Cap Rate 9%
$201,233
Alternative Uses
Best Use
Multifamily LT 5
$258.7K
$226.4K – $301.9K
NOI $18,111 @ 7.0% cap · market cap 6.06%
Second Best
Apartment 5plus
$237.4K
$207.7K – $277.0K
NOI $16,617 @ 7.0% cap · market cap 5.56%
Theoretical Best
Specialty Retail
$445.8K
$390.1K – $520.1K
NOI $31,206 @ 7.0% cap · market cap 10.44%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
378
Businesses Nearby
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Business Placement
Demographics for 34453, FL
10,964
Population
5,628
Households
1.9
Avg Household Size
54
Median Age
19%
College-Educated
94%
High-School Grad
27.1 sq mi
ZIP Area
405
Density / Sq Mi
$58,064
Median Household Income
$33,341
Median Earnings
$1,046
Median Rent
$174,500
Median Home Value
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Market
Average Price Trend$/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 - Each residence includes its own laundry room, storage room, and separately sub-metered water and electric service.
Where is this duplex located?
The property is located at 2316 Colby Street Inverness, FL.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Two 2‑bedroom, 2‑bath residences in a 1,984‑square‑foot duplex; One unit occupied; the second unit is vacant; Each unit has a dedicated laundry room and additional storage
