New Duplex with Screened
For Sale
$392,500
9144/9146 N PEACHTREE WAY, Citrus Springs, FL 34434
A 2023-built duplex offering two 2-bedroom, 2-bath units with open layouts and screened-in back porches.
Property Size2,284 SF
Price / SF$171.85
Days on Market50
Property Features for 9144/9146 N PEACHTREE WAY
General Information
Standard status
Active
Size
2,284 SF
Property subtype
Duplex
Amenities
0.23 acres, Dimensions: 80x125
Shingle
Aerobic Septic
Additional parcels description:, Parcel Number: 18E-17S-10-0010-00680-0120, Public Survey Range: 18E, Public Survey Section: 14, Annual Amount: $5,202.34, Tax Block: 68, Tax Book Number: 5-89, Legal Description: CITRUS SPRINGS UNIT 1 PLAT BK 5 PG 89 LOT 12 BLK 68, Lot: 12, Year: 2025, Zoning: PDR
Luxury Vinyl
Central Air
Electric
Electric Dryer Hookup, Laundry Room, Washer Hookup
Listing ID: MFRG5115328, Standard Status: Active, MLS Status: Active, Property Subtype: Duplex, On market as of 2026-07-20, 29 days on market, Special Conditions: None
Driveway
4 total bedrooms
Built in 2023, Living area: 2284, Living area units: Square Feet, Levels: One, Construction Materials: Block
Subdivision: CITRUS SPGS UNIT 01, MLS Area (Major): 34434 - Dunnellon/Citrus Springs, County/Parish: Citrus
Completed
4 total bathrooms
BB/HS Internet Available, Electricity Connected, Public, Underground Utilities, Water Connected, Water Source: Public, 2 separate electric meters, 2 separate water meters
Slab
Road Responsibility: Public Maintained Road, Road Surface: Asphalt
Patio/Porch Features: Covered, Front Porch, Patio, Rear Porch, Screened, Private Mailbox, Sliding Doors
Cathedral Ceiling(s), Ceiling Fans(s)
Electric Water Heater, Microwave, Range, Refrigerator
Building Details
Year Built
2023
Listing Agency:
PARRISH REALTY GROUP INC
(352) 267-6046
Listed By:
Samantha Tillman · License #3605865
(352) 598-6065
Source:
Miharaandassociates
Added: Jul 20
Changed: Sep 7
Last Checked: Sep 6 at 8:13AM
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 PARRISH REALTY GROUP INC
Investment Insights
Based on property information with market context.
Built in 2023, this block-construction duplex contains two spacious 2-bedroom, 2-bath units. Each unit features an open-concept layout with cathedral ceilings, a private primary suite with a walk-in shower, and a guest bathroom with a tub/shower combination. Sliding glass doors lead to a screened-in back porch, supporting indoor-outdoor living.
The property is served by county water, and each unit has its own separate septic system. There are no HOA restrictions.
Located in the Citrus Springs community, the duplex is positioned for convenience to shopping, dining, medical facilities, schools, and the Withlacoochee State Trail, with access to Crystal River, Dunnellon, and Ocala.
The property is served by county water, and each unit has its own separate septic system. There are no HOA restrictions.
Located in the Citrus Springs community, the duplex is positioned for convenience to shopping, dining, medical facilities, schools, and the Withlacoochee State Trail, with access to Crystal River, Dunnellon, and Ocala.
Key Highlights
- Duplex built in 2023 with two 2‑bedroom, 2‑bath units
- Each unit features an open‑concept layout with cathedral ceilings
- Private primary suite in each unit with a walk‑in shower
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
$20,850
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
5.31%
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%
$417,000
$417.0K
Cap Rate 7%
$297,857
$297.9K
Cap Rate 9%
$231,667
$231.7K
Market Conditions
NOI Build-Up for 2,284 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
$31.5K $13.80/SF
− Vacancy
−$1.7K −$0.76/SF
EGI
$29.8K $13.04/SF
− OpEx
−$8.9K −$3.91/SF
NOI
$20.8K $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%
$417,000
Cap Rate 7%
$297,857
Cap Rate 9%
$231,667
Alternative Uses
Best Use
Multifamily LT 5
$297.9K
$260.6K – $347.5K
NOI $20,850 @ 7.0% cap · market cap 5.31%
Second Best
Apartment 5plus
$273.3K
$239.1K – $318.8K
NOI $19,129 @ 7.0% cap · market cap 4.87%
Theoretical Best
Specialty Retail
$513.2K
$449.1K – $598.8K
NOI $35,925 @ 7.0% cap · market cap 9.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
55
Businesses Nearby
Explore this area
Business Placement
Demographics for 34434, FL
9,582
Population
4,559
Households
2.1
Avg Household Size
47
Median Age
17%
College-Educated
90%
High-School Grad
26.3 sq mi
ZIP Area
364
Density / Sq Mi
$56,553
Median Household Income
$35,245
Median Earnings
$1,226
Median Rent
$211,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - A 2023-built duplex offering two 2-bedroom, 2-bath units with open layouts and screened-in back porches.
Where is this duplex located?
The property is located at 9144/9146 N PEACHTREE WAY Citrus Springs, FL.
What is the asking price?
The asking price for this property is $392,500.
What are key features of this property?
This property features: Duplex built in 2023 with two 2‑bedroom, 2‑bath units; Each unit features an open‑concept layout with cathedral ceilings; Private primary suite in each unit with a walk‑in shower
