Quadplex with Community
New
For Sale
$655,000
8071 W HOMOSASSA TRAIL, Homosassa, FL 34448
Four leased residences offer two-bedroom layouts, private screened patios, carports, and individual laundry hookups.
Property Size3,944 SF
Price / SF$166.08
Days on Market4
Property Features for 8071 W HOMOSASSA TRAIL
General Information
Standard status
Active
Size
3,944 SF
Property subtype
Quadruplex
Occupancy
100%
Units
Unit Mix
4 x 2BR/2BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Amenities
community pool
0.6 acres
Deck, Gunite, In Ground
Shingle
Septic Tank
Additional parcels description:, Parcel Number: 17E195220050 02050 0190, Public Survey Range: 17, Public Survey Section: 22, Annual Amount: $9,552, Tax Block: 205, Tax Book Number: PB1 PG47, Legal Description: UNIT 5 OF HOMOSASSA PB1 PG47 LOT 19,20,21,22 BLK 205, Lot: 19, Year: 2025, Zoning: GNC
Gross Income: $70,800
Central Air
Heat Pump
Laundry Room
Listing ID: MFROM733162, Standard Status: Active, MLS Status: Active, Property Subtype: Quadruplex, On market as of 2026-09-30, 1 day on market, Special Conditions: None
4 carport spaces, Covered
8 total bedrooms
Built in 1981, Living area: 3944, Living area units: Square Feet, Construction Materials: Frame, Wood Siding
Subdivision: FOREST GLENN PHASE I TO VI, MLS Area (Major): 34448 - Homosassa, County/Parish: Citrus
8 total bathrooms
Electricity Connected, Sewer Connected, Water Connected, Water Source: Well, 5 separate electric meters
Wood Burning
Slab
Electricity
Road Responsibility: Public Maintained Road, Road Surface: Asphalt
Patio/Porch Features: Covered, Patio, Screened, Rain Gutters, Storage
Ceiling Fans(s), Walk-In Closet(s)
Range, Refrigerator
Building Details
Year Built
1981
Listing Agency:
RE/MAX FOXFIRE - HWY 40
(352) 732-3344
Listed By:
Ray Ivory · License #0699505
(352) 804-2468
Source:
Miharaandassociates
Added: Sep 30
Changed: Oct 3
Last Checked: Oct 2 at 11:26PM
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 RE/MAX FOXFIRE - HWY 40
Investment Insights
Based on property information with market context.
Built in 1981, this four-unit residential property contains four 2-bedroom, 2-bath residences, each measuring 986 square feet. Individual features include a utility room with washer and dryer hookups, a screened patio, a carport, a wood-burning fireplace, ceiling fans, and a walk-in closet in the primary bedroom. All four units are occupied under annual leases.
Shared outdoor space includes a 19-by-40-foot swimming pool within a privacy fence, along with patio space. The property is in Homosassa, with shopping, restaurants, boat ramps, and the Suncoast Parkway noted as nearby destinations.
Shared outdoor space includes a 19-by-40-foot swimming pool within a privacy fence, along with patio space. The property is in Homosassa, with shopping, restaurants, boat ramps, and the Suncoast Parkway noted as nearby destinations.
Key Highlights
- Four residences, each with 2 bedrooms, 2 baths, and 986 square feet
- All units are leased on annual terms
- Each unit includes a utility room with washer and dryer hookups
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
$36,004
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
5.50%
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%
$720,080
$720.1K
Cap Rate 7%
$514,343
$514.3K
Cap Rate 9%
$400,044
$400.0K
Market Conditions
NOI Build-Up for 3,944 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
$54.4K $13.80/SF
− Vacancy
−$3.0K −$0.76/SF
EGI
$51.4K $13.04/SF
− OpEx
−$15.4K −$3.91/SF
NOI
$36.0K $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%
$720,080
Cap Rate 7%
$514,343
Cap Rate 9%
$400,044
Alternative Uses
Best Use
Multifamily LT 5
$514.3K
$450.1K – $600.1K
NOI $36,004 @ 7.0% cap · market cap 5.50%
Second Best
Apartment 5plus
$471.9K
$412.9K – $550.6K
NOI $33,033 @ 7.0% cap · market cap 5.04%
Theoretical Best
Specialty Retail
$886.2K
$775.4K – $1.03M
NOI $62,035 @ 7.0% cap · market cap 9.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
273
Businesses Nearby
Explore this area
Business Placement
Demographics for 34448, FL
10,889
Population
6,437
Households
1.7
Avg Household Size
59
Median Age
18%
College-Educated
86%
High-School Grad
72.3 sq mi
ZIP Area
151
Density / Sq Mi
$47,526
Median Household Income
$23,452
Median Earnings
$941
Median Rent
$166,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four leased residences offer two-bedroom layouts, private screened patios, carports, and individual laundry hookups.
Where is this quadplex located?
The property is located at 8071 W HOMOSASSA TRAIL Homosassa, FL.
What is the asking price?
The asking price for this property is $655,000.
What are key features of this property?
This property features: Four residences, each with 2 bedrooms, 2 baths, and 986 square feet; All units are leased on annual terms; Each unit includes a utility room with washer and dryer hookups
