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

740 NE 5TH, Crystal River, FL 34428

The property is offered in its current condition, with utilities inactive.

Property Size20,648 SF
Days on Market5

Property Features for 740 NE 5TH

General Information

Standard status Active
Size 20,648 SF
Property subtype Commercial

Site & Location

Highway Access Yes
Road Access Yes

Additional Details

Multifamily Units 19

Taxes and HOA fees

Annual Taxes $9,139

Building Details

Building Size 20,648 SF
Year Built 1972
Units 19
Listing Agency: Tropic Shores Realty
Listed By: Patricia Hyler · License #3196430
Source: Elliman
Added: Sep 29 Changed: Oct 1 Last Checked: Oct 2 at 9:27PM

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 is being sold AS-IS. Utilities will not be activated. A signed Hold Harmless agreement is required before anyone enters the property.

The property is near downtown Crystal River, just off routes 44 and US 19. Its bike score is 71, and its walk score is 58.

Key Highlights

  • 19‑unit multifamily property
  • Built in 1972
  • Utilities will not be activated; property is being sold AS‑IS

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Carpet & Flooring Store (Bike/Boat/Book/etc) Store Catering Service Storage Facility Big Box & Wholesale Store

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
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

970
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

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 - The property is offered in its current condition, with utilities inactive.
Where is this apartment building located?
The property is located at 740 NE 5TH 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; Built in 1972; Utilities will not be activated; property is being sold AS‑IS
More about this property
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