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19-Unit Apartment Building
New
For Sale
$900,000

740 NE 5th Ave, Crystal River, FL 34428

A 1972 multifamily property near downtown Crystal River is offered in as-is condition.

Property Size20,648 SF
Price / SF$43.59
Days on Market4

Property Features for 740 NE 5th Ave

General Information

Standard status Active
Size 20,648 SF

Additional Details

Multifamily Units 19

Building Details

Year Built 1972
Listing Agency: TROPIC SHORES REALTY
Listed By: Patricia Hyler · License #3196430
Source: Livewelltampabay
Added: Sep 30 Last Checked: Oct 2 at 11:22PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of TROPIC SHORES REALTY

Investment Insights

Based on property information with market context.

This 19-unit apartment property was built in 1972 and contains 20,648 square feet. It is offered in as-is condition, and the seller will not activate utilities. An executed hold-harmless agreement is required before entering the property.

The property is near downtown Crystal River, with access to US 44 and US 19. Contact the county for additional information.

Key Highlights

  • 19‑unit multifamily property
  • 20,648 square feet
  • Built in 1972

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office (Bike/Boat/Book/etc) Store Garden Center Carpet & Flooring Store Catering Service Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

19
Residential units

Location Intelligence

Trade Area within ½ mile

774
Businesses Nearby

Demographics for 34428, FL

9,583
Population
5,058
Households
1.9
Avg Household Size
54
Median Age
20%
College-Educated
89%
High-School Grad
67.1 sq mi
ZIP Area
143
Density / Sq Mi
$48,185
Median Household Income
$29,589
Median Earnings
$890
Median Rent
$236,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - A 1972 multifamily property near downtown Crystal River is offered in as-is condition.
Where is this apartment building located?
The property is located at 740 NE 5th Ave Crystal River, FL.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 19‑unit multifamily property; 20,648 square feet; Built in 1972
More about this property
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