Fully Leased Duplex with Separate
For Sale
$330,000
9261 N Peachtree Way, Citrus Springs, FL 34434
MULTI_FAMILY - Other - Citrus Springs, FL
Property Size1,750 SF
Lot Size0.23 Acres
Price / SF$188.57
Days on Market61
Property Features for 9261 N Peachtree Way
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
PDR
Parking features
Driveway
Exterior features
ConcreteDriveway
Appliances
Dishwasher, ElectricCooktop, ElectricOven, ElectricRange, Refrigerator
Subdivision
Citrus Springs
Lot features
Cleared, Flat, Rectangular
Elementary school
Citrus Springs Elementary
Middle school
Citrus Springs Middle
High school
Lecanto High
Directions
From Ocala: Take FL-40 West to US-41 South. Turn left onto W Citrus Springs Boulevard, left onto N Deltona Boulevard, right onto N Bertin Drive, and then right onto N Peachtree Way. The property will be on the left.
Standard status
Active
APN
1222028
Size
1,750 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CITRUS SPRINGS UNIT 1 PLAT BK 5 PG 89 LOT 3 BLK 69
Tax Annual Amount
2956
Legal Description
CITRUS SPRINGS UNIT 1 PLAT BK 5 PG 89 LOT 3 BLK 69
Utilities
Sewer type
Septic Tank
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
2008
Floors in Building
1
Number of units
1
Flooring type
Vinyl
Building materials
Block, Concrete, Stucco
Roof type
Shingle, Asphalt
Architectural style
Other
Listing Agency:
Keller Williams Cornerstone RE
(352) 369-4044
Listed By:
John Telford · License #3507170
(407) 492-9954
Added: Jun 1
Changed: Jul 28
Last Checked: Jul 31 at 8:06AM
MLS# 855261
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.
Built in 2008, this duplex includes two separate 2-bedroom, 2-bathroom units. Each unit offers approximately 875 square feet of living space. The property is fully leased, with both units occupied by long-term tenants on month-to-month leases. Separate electric and water meters allow tenants to pay all utilities.
Located at 9261 N Peachtree Way in Citrus Springs, Florida, the property sits on a 0.23-acre lot. The listing is under PDR zoning, and the duplex is described as being on a quiet multi-family-zoned street. Current rent is $1,115 per month per unit, and the remarks note market rent in the area supports approximately $1,200 to $1,250 per month or greater.
For investors, this setup provides immediate, tenant-paid utility structure with month-to-month tenancy while keeping day-to-day management straightforward. For owner-occupants, the layout supports living in one unit while renting the other to help offset housing costs. The seller is also offering the neighboring duplex at 9271 N Peachtree Way; that duplex is described as having the same floor plan, and one unit there is vacant and available for showing. Please note the interior photos in this listing are from the next-door duplex, and the identical floor plan can be viewed by scheduling a showing of the vacant unit via ShowingTime.
Located at 9261 N Peachtree Way in Citrus Springs, Florida, the property sits on a 0.23-acre lot. The listing is under PDR zoning, and the duplex is described as being on a quiet multi-family-zoned street. Current rent is $1,115 per month per unit, and the remarks note market rent in the area supports approximately $1,200 to $1,250 per month or greater.
For investors, this setup provides immediate, tenant-paid utility structure with month-to-month tenancy while keeping day-to-day management straightforward. For owner-occupants, the layout supports living in one unit while renting the other to help offset housing costs. The seller is also offering the neighboring duplex at 9271 N Peachtree Way; that duplex is described as having the same floor plan, and one unit there is vacant and available for showing. Please note the interior photos in this listing are from the next-door duplex, and the identical floor plan can be viewed by scheduling a showing of the vacant unit via ShowingTime.
Key Highlights
- 2008‑built duplex with two 2‑bedroom, 2‑bath units, each with approx. 875 SF of living space
- Both units are currently leased to long‑term tenants on month‑to‑month leases
- Current rent is $1,115 per month per unit; market rent supports approx. $1,200–$1,250 per month or greater
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 | $24.2k | $13.80 |
| − Vacancy | −$1.3k | −$0.76 |
| EGI | $22.8k | $13.04 |
| − OpEx | −$6.8k | −$3.91 |
| NOI | $16.0k | $9.13 |
1,750 SF · lease $13.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$228.2K
$199.7K – $266.3K
NOI $15,975 @ 7.0% cap · market cap 4.84%
Second Best
Apartment 5plus
$209.4K
$183.2K – $244.3K
NOI $14,657 @ 7.0% cap · market cap 4.44%
Theoretical Best
Specialty Retail
$393.2K
$344.1K – $458.8K
NOI $27,525 @ 7.0% cap · market cap 8.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
53
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 - Two occupied 2BR/2BA units with separately metered electric and water, supporting tenant-paid utilities and turnkey income.
Where is this duplex located?
The property is located at 9261 N Peachtree Way Citrus Springs, FL.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: 2008‑built duplex with two 2‑bedroom, 2‑bath units, each with approx. 875 SF of living space; Both units are currently leased to long‑term tenants on month‑to‑month leases; Current rent is $1,115 per month per unit; market rent supports approx. $1,200–$1,250 per month or greater
