2023 Duplex with Screened Back
New
For Sale
$399,000
9198/9200 N PEACHTREE WAY, Citrus Springs, FL 34434
Block-built duplex with two 2-bedroom, 2-bath units and screened back porches, connected to county water.
Property Size2,284 SF
Price / SF$174.69
Days on Market5
Property Features for 9198/9200 N PEACHTREE WAY
General Information
Standard status
Active
Size
2,284 SF
Property subtype
Duplex
Additional Details
Utilities to Site
Yes
Building Details
Year Built
2023
Buildings
1
Construction
block
Tenancy
Multi
Listing Agency:
PARRISH REALTY GROUP INC
(352) 267-6046
Listed By:
Samantha Tillman · License #3605865
Source:
Endlesssummerrealty
Added: Jul 27
Changed: Jul 30
Last Checked: Jul 31 at 5:35AM
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 newer construction duplex at 9198/9200 N Peachtree Way in Citrus Springs, FL features solid block construction and two spacious 2-bedroom, 2-bath units. Each unit offers an open-concept layout with cathedral ceilings and includes a private primary suite with a walk-in shower. A guest bathroom with a tub/shower combination serves the main living area.
Both units have sliding glass doors that lead to a screened-in back porch, providing an indoor-outdoor space for relaxing or entertaining. The property is connected to county water, and each unit has its own separate septic system. There are no HOA restrictions.
With its well-designed, rental-friendly floor plans and practical separation of utilities, the duplex can support an investor strategy for rental income or an owner-occupant setup where one unit is lived in and the other is rented.
Both units have sliding glass doors that lead to a screened-in back porch, providing an indoor-outdoor space for relaxing or entertaining. The property is connected to county water, and each unit has its own separate septic system. There are no HOA restrictions.
With its well-designed, rental-friendly floor plans and practical separation of utilities, the duplex can support an investor strategy for rental income or an owner-occupant setup where one unit is lived in and the other is rented.
Key Highlights
- Built in 2023 duplex with solid block construction
- Two 2‑bedroom, 2‑bath units in an approximately 2,284 SF property
- Open‑concept layout with cathedral ceilings in each unit
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.5k | $13.80 |
| − Vacancy | −$1.7k | −$0.76 |
| EGI | $29.8k | $13.04 |
| − OpEx | −$8.9k | −$3.91 |
| NOI | $20.8k | $9.13 |
2,284 SF · lease $13.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$297.9K
$260.6K – $347.5K
NOI $20,850 @ 7.0% cap · market cap 5.23%
Second Best
Apartment 5plus
$273.3K
$239.1K – $318.8K
NOI $19,129 @ 7.0% cap · market cap 4.79%
Theoretical Best
Specialty Retail
$513.2K
$449.1K – $598.8K
NOI $35,925 @ 7.0% cap · market cap 9.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
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 - Block-built duplex with two 2-bedroom, 2-bath units and screened back porches, connected to county water.
Where is this duplex located?
The property is located at 9198/9200 N PEACHTREE WAY Citrus Springs, FL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Built in 2023 duplex with solid block construction; Two 2‑bedroom, 2‑bath units in an approximately 2,284 SF property; Open‑concept layout with cathedral ceilings in each unit
