Quadplex with Covered
For Sale
$173,000
8324 W Earl Loop, Homosassa, FL 34446
Residential, Homosassa, FL
Property Size1,026 SF
Lot Size0.05 Acres
Price / SF$168.62
Days on Market163
Property Features for 8324 W Earl Loop
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
HDR
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 1
Parking
2
Parking features
Carport
Window features
Blinds, Skylight(s)
Interior features
BreakfastBar, LaminateCounters, MultiplePrimarySuites, Pantry, SplitBedrooms, Skylights, WindowTreatments, FirstFloorEntry, SlidingGlassDoors
Exterior features
Landscaping
Appliances
Dryer, ElectricOven, Microwave, Refrigerator, WaterHeater, Washer
Subdivision
Homosassa Springs Gardens
Lot features
Flat, Rectangular, Trees
Elementary school
Homosassa Elementary
Middle school
Crystal River Middle
High school
Crystal River High
Directions
Hwy 19 south to left on Perwinkle Lane to right on Marquis to left on Earl. Home on right. *No Sign
Standard status
Active
APN
2513888
Size
1,026 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
HOMOSASSA SPRINGS GARDENS UNIT NO. 2 UNREC SUB UNIT 18 MORE PART DESC AS FOLLOWS: COM AT SE COR OF TRACT "A" HOMOSASSA SPRINGS GARDENS UNIT NO. 1 PB 12 PG 40 & 41; THN N 89 DEG 37M 7S E 204.67 FT THN N 0 DEG 3M 58S E 198.24 FT TO POB; THN CONT N 0 DE G 3M 58S E 55 FT THN N 89 DEG 56M 2S W 36.33 FT THN S 0 DEG 3M 58S W 55 FT THN S 89 DEG 56M 2S E 36.33 FT TO POB.
Tax Annual Amount
1326
HOA Fee
$190 Monthly
Legal Description
HOMOSASSA SPRINGS GARDENS UNIT NO. 2 UNREC SUB UNIT 18 MORE PART DESC AS FOLLOWS: COM AT SE COR OF TRACT "A" HOMOSASSA SPRINGS GARDENS UNIT NO. 1 PB 12 PG 40 & 41; THN N 89 DEG 37M 7S E 204.67 FT THN N 0 DEG 3M 58S E 198.24 FT TO POB; THN CONT N 0 DE G 3M 58S E 55 FT THN N 89 DEG 56M 2S W 36.33 FT THN S 0 DEG 3M 58S W 55 FT THN S 89 DEG 56M 2S E 36.33 FT TO POB.
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Amenities
community pool
clubhouse
Building Details
Year built
1986
Flooring type
Tile, Carpet
Building materials
Stucco
Roof type
Asphalt, Shingle
Architectural style
Other
Listing Agency:
Wave Elite Realty LLC
(352) 699-9283
Listed By:
Megan Cortez · License #3357542
(352) 586-7993
Added: Apr 2
Changed: Sep 9
Last Checked: Sep 11 at 12:06PM
MLS# 853582
Copyright © 2026 REALTORS Association of Citrus County, Inc. 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 HDR-zoned quadplex is arranged as four side-by-side residences in a townhome-style configuration. The property includes two primary bedroom suites, high ceilings, an enclosed Florida room, laminate counters, a pantry, skylights, sliding glass doors, tile and carpet flooring, and a central electric HVAC system. Appliances include a washer, dryer, refrigerator, electric oven, microwave, and water heater. Recent improvements include a roof installed in 2023, a sunroom roof completed in 2024, and a new AC system dated 12/2025.
The property occupies 0.05 acres at 8324 W Earl Loop in Homosassa, Florida. Public water and sewer serve the property, while stucco construction, shingle and asphalt roofing, landscaping, and covered parking are included. Community amenities include a pool and clubhouse, with grounds maintenance provided through the condominium association.
The property occupies 0.05 acres at 8324 W Earl Loop in Homosassa, Florida. Public water and sewer serve the property, while stucco construction, shingle and asphalt roofing, landscaping, and covered parking are included. Community amenities include a pool and clubhouse, with grounds maintenance provided through the condominium association.
Key Highlights
- Quadplex configured as four side‑by‑side residences
- Two primary bedroom suites with split‑bedroom layout
- Enclosed Florida room expands the living area
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
$9,366
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
5.41%
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%
$187,320
$187.3K
Cap Rate 7%
$133,800
$133.8K
Cap Rate 9%
$104,067
$104.1K
Market Conditions
NOI Build-Up for 1,026 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
$14.2K $13.80/SF
− Vacancy
−$779 −$0.76/SF
EGI
$13.4K $13.04/SF
− OpEx
−$4.0K −$3.91/SF
NOI
$9.4K $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%
$187,320
Cap Rate 7%
$133,800
Cap Rate 9%
$104,067
Alternative Uses
Best Use
Multifamily LT 5
$133.8K
$117.1K – $156.1K
NOI $9,366 @ 7.0% cap · market cap 5.41%
Second Best
Apartment 5plus
$122.8K
$107.4K – $143.2K
NOI $8,593 @ 7.0% cap · market cap 4.97%
Theoretical Best
Specialty Retail
$230.5K
$201.7K – $269.0K
NOI $16,138 @ 7.0% cap · market cap 9.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
385
Businesses Nearby
Explore this area
Business Placement
Demographics for 34446, FL
18,431
Population
9,588
Households
1.9
Avg Household Size
62
Median Age
18%
College-Educated
89%
High-School Grad
29.8 sq mi
ZIP Area
618
Density / Sq Mi
$60,625
Median Household Income
$41,423
Median Earnings
$938
Median Rent
$231,700
Median Home Value
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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 - Four attached residences offer a townhome-style configuration with shared community amenities and private primary suites.
Where is this quadplex located?
The property is located at 8324 W Earl Loop Homosassa, FL.
What is the asking price?
The asking price for this property is $173,000.
What are key features of this property?
This property features: Quadplex configured as four side‑by‑side residences; Two primary bedroom suites with split‑bedroom layout; Enclosed Florida room expands the living area
