Two-Unit Duplex Income
9271 N Peachtree Way Citrus Springs, FL 34434
9271 N Peachtree Way, Citrus Springs, FL, 34434
$330,000
For Sale
$330,000
MULTI_FAMILY - Other - Citrus Springs, FL
Property Size1,750 SF
Lot Size0.23 Acres
Price / SF$188.57
Days on Market48
Property Features for 9271 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
- Standard status
- Active
- APN
- 1222010
- 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 2 BLK 69
- Tax Annual Amount
- 2956
Utilities
- Sewer type
- Septic Tank
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 2008
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Vinyl
- Building materials
- Stucco
- Roof type
- Shingle, Asphalt
- Architectural style
- Other
Listing Agency
Keller Williams Cornerstone RE
(352) 369-4044
1918 SE 17th Street, FL
Listed by
John Telford · License #3507170
(407) 492-9954
Added: Jun 1 Checked: Jul 18 at 10:06 am
MLS# 855259
Listing URL
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 well-maintained duplex includes two separate 2-bedroom, 2-bathroom units. The property is configured for rental income with each unit offering approximately 875 square feet of living space. One unit is occupied by a long-term tenant on a month-to-month lease, supporting immediate cash flow, while the second unit is vacant for straightforward showings. Separate electric and water meters allow tenants to pay their own utilities, helping keep day-to-day operating costs more predictable.
The duplex is located on a quiet, multi-family-zoned street in Citrus Springs. The listing notes strong rental demand supported by ongoing population growth and housing shortages in Citrus County, with continued interest from buyers and renters seeking more affordable housing options. Access is described as convenient to major Central Florida markets, supporting long-term rental demand.
Designed for investors seeking stability with manageable maintenance, the duplex presents an income-focused opportunity with room for rent growth. The combination of a current tenant on a month-to-month arrangement and separately metered utilities supports efficient operations. For owner-occupants, the layout offers a practical option to live in one unit while offsetting housing expenses with income from the other. The seller is also offering a neighboring duplex with a similar floor plan and rental profile, enabling potential portfolio expansion or simplified management.
The duplex is located on a quiet, multi-family-zoned street in Citrus Springs. The listing notes strong rental demand supported by ongoing population growth and housing shortages in Citrus County, with continued interest from buyers and renters seeking more affordable housing options. Access is described as convenient to major Central Florida markets, supporting long-term rental demand.
Designed for investors seeking stability with manageable maintenance, the duplex presents an income-focused opportunity with room for rent growth. The combination of a current tenant on a month-to-month arrangement and separately metered utilities supports efficient operations. For owner-occupants, the layout offers a practical option to live in one unit while offsetting housing expenses with income from the other. The seller is also offering a neighboring duplex with a similar floor plan and rental profile, enabling potential portfolio expansion or simplified management.
Key Highlights
- 2008‑built duplex with 2 units: each 2 bed, 2 bath with approx. 875 SF living space
- Currently fully leased: one unit on a month‑to‑month tenant lease and the other unit is vacant for easy showings
- Current rents are $1,115 per month per unit (market rents reported at approx. $1,200–$1,250+)
Local 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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Turnkey, fully leased duplex with separate utilities and month-to-month flexibility in each unit.
Where is this duplex located?
The property is located at 9271 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 2 units: each 2 bed, 2 bath with approx. 875 SF living space; Currently fully leased: one unit on a month‑to‑month tenant lease and the other unit is vacant for easy showings; Current rents are $1,115 per month per unit (market rents reported at approx. $1,200–$1,250+)
