Fenced Duplex
For Sale
$300,000
452 N ELMWOOD Point, Crystal River, FL 34429
Residential Income, CRYSTAL RIVER, FL
Property Size1,900 SF
Lot Size0.26 Acres
Price / SF$157.89
Days on Market125
Property Features for 452 N ELMWOOD Point
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
CLR
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 4, Bathroom 3
Window features
Blinds
Interior features
Ceiling Fans(s), Vaulted Ceiling(s)
Exterior features
Fence, Fire Pit
Fencing
Fenced
Appliances
Electric Water Heater, Range, Range Hood, Refrigerator
Subdivision
FOREST VILLAGE UNREC SUB
Lot features
Flood Zone, Paved
Elementary school
Crystal River Primary School
Middle school
Crystal River Middle School
High school
Crystal River High School
Directions
From Suncoast Blvd heading North: Turn left on W Fort Island Trail. Turn left on N Greenleaf Forest Rd. Turn right on W Fanwood Ln. Turn right on N Elmwood Pt. Property is on the left.
Standard status
Active
APN
17E-18S-32-0000-2A450-0160
Size
1,900 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
FOREST VILLAGE UNREC SUB LOT 16 IN LOT 45 GREENLEAF FOREST: COM AT E 1/4 OF SEC 32-18-17 TH S 89 DEG 59M 51S W AL N LN OF SE 1/4 OF SEC 32 664.85 FT TH S 0 DEG 14M 32S W 200 FT TO POB TH N 89 DEG 59M 51S E 115.25 FT TH S 0 DEG 7M 43S W 103.06 FT TO N R/W OF 50 FT WIDE CO RD TH S 89 DEG 40M 40S W AL R/W 115.46 FT TH N 0 DEG 14M 32S E 103.71 FT TO POB -- SUBJ TO EASM OF REC -- TITLE IN OR BK 2609 PG 2060 & OR BK 2634 PG 1830
Tax Annual Amount
2110
Legal Description
FOREST VILLAGE UNREC SUB LOT 16 IN LOT 45 GREENLEAF FOREST: COM AT E 1/4 OF SEC 32-18-17 TH S 89 DEG 59M 51S W AL N LN OF SE 1/4 OF SEC 32 664.85 FT TH S 0 DEG 14M 32S W 200 FT TO POB TH N 89 DEG 59M 51S E 115.25 FT TH S 0 DEG 7M 43S W 103.06 FT TO N R/W OF 50 FT WIDE CO RD TH S 89 DEG 40M 40S W AL R/W 115.46 FT TH N 0 DEG 14M 32S E 103.71 FT TO POB -- SUBJ TO EASM OF REC -- TITLE IN OR BK 2609 PG 2060 & OR BK 2634 PG 1830
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1981
Floors in Building
1
Flooring type
Tile - Ceramic
Building materials
Block, Stucco
Roof type
Shingle
Listing Agency:
CHARLES RUTENBERG REALTY INC
(727) 538-9200
Listed By:
Andrew McGuire · License #3297849
(920) 810-3335
Added: Apr 30
Changed: Aug 26
Last Checked: Sep 1 at 2:06PM
MLS# TB8503406
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.
Investment Insights
Based on property information with market context.
This duplex in Crystal River, Florida, contains 1,900 square feet on a 0.26-acre lot. The 1981 block-and-stucco building has ceramic tile flooring, vaulted ceilings, ceiling fans, central heating, and central air conditioning. The room schedule includes four bedrooms and four bathrooms, while the property also includes ranges, range hoods, refrigerators, and an electric water heater.
Outdoor features include fencing and a fire pit. Public water and public sewer serve the property, with cable available. The layout is described as suitable for both long-term leases and short-term rentals, providing flexibility for an owner seeking a residential income property.
Outdoor features include fencing and a fire pit. Public water and public sewer serve the property, with cable available. The layout is described as suitable for both long-term leases and short-term rentals, providing flexibility for an owner seeking a residential income property.
Key Highlights
- 1,900‑square‑foot duplex on a 0.26‑acre lot
- Built in 1981 with block‑and‑stucco construction
- Room schedule includes 4 bedrooms and 4 bathrooms
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
$17,345
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
5.78%
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%
$346,900
$346.9K
Cap Rate 7%
$247,786
$247.8K
Cap Rate 9%
$192,722
$192.7K
Market Conditions
NOI Build-Up for 1,900 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
$26.2K $13.80/SF
− Vacancy
−$1.4K −$0.76/SF
EGI
$24.8K $13.04/SF
− OpEx
−$7.4K −$3.91/SF
NOI
$17.3K $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 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%
$346,900
Cap Rate 7%
$247,786
Cap Rate 9%
$192,722
Alternative Uses
Best Use
Multifamily LT 5
$247.8K
$216.8K – $289.1K
NOI $17,345 @ 7.0% cap · market cap 5.78%
Second Best
Apartment 5plus
$227.3K
$198.9K – $265.2K
NOI $15,913 @ 7.0% cap · market cap 5.30%
Theoretical Best
Specialty Retail
$426.9K
$373.6K – $498.1K
NOI $29,885 @ 7.0% cap · market cap 9.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
46
Businesses Nearby
Explore this area
Business Placement
Demographics for 34429, FL
8,837
Population
5,458
Households
1.6
Avg Household Size
60
Median Age
25%
College-Educated
90%
High-School Grad
41.4 sq mi
ZIP Area
213
Density / Sq Mi
$57,716
Median Household Income
$36,577
Median Earnings
$1,070
Median Rent
$220,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Block-and-stucco construction includes central HVAC, ceramic tile flooring, and public water and sewer.
Where is this duplex located?
The property is located at 452 N ELMWOOD Point Crystal River, FL.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 1,900‑square‑foot duplex on a 0.26‑acre lot; Built in 1981 with block‑and‑stucco construction; Room schedule includes 4 bedrooms and 4 bathrooms
