4-Unit Quadplex with Community
New
For Sale
$655,000
8071 W HOMOSASSA Trail, Homosassa, FL 34448
Residential Income, HOMOSASSA, FL
Property Size3,944 SF
Lot Size0.60 Acres
Price / SF$166.08
Days on Market5
Property Features for 8071 W HOMOSASSA Trail
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
GNC
Bedrooms
8
Bathrooms
8
Full bathrooms
8
Rooms
Bathroom 4, Bedroom 7, Bedroom 1, Bathroom 2, Bathroom 5, Bedroom 3, Bathroom 6, Bathroom 3, Bathroom 7, Bathroom 8, Laundry Room, Bedroom 8, Bedroom 5, Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 6
Parking features
Covered
Patio and Porch features
Patio
Pool private
1
Interior features
Ceiling Fans(s), Walk-In Closet(s)
Exterior features
Rain Gutters, Storage
Fireplace
1
Appliances
Range, Refrigerator
Subdivision
FOREST GLENN PHASE I TO VI
Directions
From RTE 19 go east on Homosassa Trail approximately 2 miles to property on left
Standard status
Active
APN
17E195220050 02050 0190
Size
3,944 SF
Lot size
0.60 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
UNIT 5 OF HOMOSASSA PB1 PG47 LOT 19,20,21,22 BLK 205
Tax Annual Amount
9552
Legal Description
UNIT 5 OF HOMOSASSA PB1 PG47 LOT 19,20,21,22 BLK 205
Utilities
Sewer type
Septic Tank
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Water source
Well
Amenities
private screened patio
carport
wood burning fireplace
ceiling fans
walk-in closets
community pool
washer/dryer hookup
Building Details
Year built
1981
Number of units
4
Building materials
Frame, Wood Siding
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
RE/MAX FOXFIRE - HWY 40
(352) 732-3344
Listed By:
Ray Ivory · License #0699505
(352) 804-2468
Added: Sep 29
Changed: Oct 3
Last Checked: Oct 3 at 10:06AM
MLS# OM733162
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 1981 quadplex contains four 2-bedroom, 2-bath units, each measuring 986 square feet. Individual features include a utility room with washer and dryer hookups, a screened patio, a carport, and a wood-burning fireplace. The property also has a 19-by-40-foot pool, privacy fencing, and patio space. Total building area is 3,944 square feet on a 0.6-acre parcel.
All four units are occupied under annual leases. The property is served by a well and septic system and has GNC zoning. Shopping, restaurants, boat ramps, and the Suncoast Parkway are identified as nearby area conveniences.
All four units are occupied under annual leases. The property is served by a well and septic system and has GNC zoning. Shopping, restaurants, boat ramps, and the Suncoast Parkway are identified as nearby area conveniences.
Key Highlights
- Four 2‑bedroom, 2‑bath units, each with 986 square feet
- 3,944 square feet of total building area on 0.6 acres
- 19‑by‑40‑foot community pool with privacy fencing and patio space
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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Open Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - All four residences are leased on annual terms and include private outdoor space.
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 2‑bedroom, 2‑bath units, each with 986 square feet; 3,944 square feet of total building area on 0.6 acres; 19‑by‑40‑foot community pool with privacy fencing and patio space
