Well-Maintained Duplex with Separate
For Sale
$235,000
9325 N TRAVIS DRIVE, Citrus Springs, FL 34434
Fully occupied 2007-built duplex with private entrances, washer/dryer hookups, and separate utilities for each unit.
Property Size1,300 SF
Lot Size0.25 Acres
Price / SF$180.77
Days on Market51
Property Features for 9325 N TRAVIS DRIVE
General Information
Standard status
Active
Size
1,300 SF
Lot size
0.25 Acres
Property subtype
Duplex
Occupancy
100%
Additional Details
Road Access
Yes
Multifamily Units
2
Amenities
private entrances
separate utilities
washer and dryer hookups
backs to conservation
0.23 acres, Dimensions: 80x125, Paved
Shingle
Septic Tank
Additional parcels description:, Parcel Number: 18E-17S-10-0010-00720-0030, Public Survey Range: 18E, Public Survey Section: 14, Annual Amount: $2,995.9, Tax Block: 72, Tax Book Number: 5-89, Legal Description: CITRUS SPGS UNIT 1 PB 5 PG 89 LOT 3 BLK 72, Lot: 3, Year: 2025, Zoning: PDR
Luxury Vinyl
Gross Income: $22,680
Central Air
Central
Electric Dryer Hookup, In Kitchen, Washer Hookup
Listing ID: MFRTB8500172, Standard Status: Active, MLS Status: Active, Property Subtype: Duplex, On market as of 2026-07-21, 30 days on market, Special Conditions: None
Elementary School: Citrus Springs Elementar, Middle School: Citrus Springs Middle School, High School: Lecanto High School
2 total bedrooms
Built in 2007, Living area: 1300, Living area units: Square Feet, Construction Materials: Stucco, Frame
Subdivision: CITRUS SPGS UNIT 01, MLS Area (Major): 34434 - Dunnellon/Citrus Springs, County/Parish: Citrus
Completed
2 total bathrooms
Cable Available, Water - Multiple Meters, Water Source: Public
Slab
Close Of Escrow
Electricity, Sewer, Trash Collection, Water
Road Surface: Asphalt
Patio/Porch Features: Front Porch, None
Ceiling Fans(s), Stone Counters
Smoke Detector(s)
Range, Refrigerator, Other equipment: None
Building Details
Year Built
2007
Tenancy
Multi
Listing Agency:
DENNIS REALTY & INV. CORP.
(813) 949-7444
Listed By:
Cynthia Stratton · License #701742
(813) 300-9511
Source:
Miharaandassociates
Added: Jul 21
Changed: Sep 8
Last Checked: Sep 8 at 4:53AM
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 DENNIS REALTY & INV. CORP.
Investment Insights
Based on property information with market context.
This well-maintained duplex was built in 2007 and is fully occupied. Each unit offers 1 bedroom and 1 bathroom with private entrances and separate utilities, along with washer and dryer hookups. Recent interior improvements include upgraded finishes in Unit 1, and Unit 2 has durable vinyl plank flooring installed in 2025. The exterior was painted in 2026.
The property is situated on nearly a quarter-acre lot on a paved road, with the rear backing up to conservation for added privacy. Yard maintenance is covered by the landlord, while tenants pay their own utilities.
The straightforward duplex configuration, separate utility setups, and maintenance-covered yard responsibilities support a low-touch operating profile for an owner seeking rental income from two individually metered units.
The property is situated on nearly a quarter-acre lot on a paved road, with the rear backing up to conservation for added privacy. Yard maintenance is covered by the landlord, while tenants pay their own utilities.
The straightforward duplex configuration, separate utility setups, and maintenance-covered yard responsibilities support a low-touch operating profile for an owner seeking rental income from two individually metered units.
Key Highlights
- 2007‑built, fully occupied duplex with 1 bed/1 bath units and about 650 SF living space each
- Private entrances and separate utilities for each unit
- Unit 1 upgrades include granite countertops and luxury plank flooring
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
$11,867
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
5.05%
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%
$237,340
$237.3K
Cap Rate 7%
$169,529
$169.5K
Cap Rate 9%
$131,856
$131.9K
Market Conditions
NOI Build-Up for 1,300 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
$17.9K $13.80/SF
− Vacancy
−$987 −$0.76/SF
EGI
$17.0K $13.04/SF
− OpEx
−$5.1K −$3.91/SF
NOI
$11.9K $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%
$237,340
Cap Rate 7%
$169,529
Cap Rate 9%
$131,856
Alternative Uses
Best Use
Multifamily LT 5
$169.5K
$148.3K – $197.8K
NOI $11,867 @ 7.0% cap · market cap 5.05%
Second Best
Apartment 5plus
$155.5K
$136.1K – $181.5K
NOI $10,888 @ 7.0% cap · market cap 4.63%
Theoretical Best
Specialty Retail
$292.1K
$255.6K – $340.8K
NOI $20,448 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
23
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 - Fully occupied 2007-built duplex with private entrances, washer/dryer hookups, and separate utilities for each unit.
Where is this duplex located?
The property is located at 9325 N TRAVIS DRIVE Citrus Springs, FL.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: 2007‑built, fully occupied duplex with 1 bed/1 bath units and about 650 SF living space each; Private entrances and separate utilities for each unit; Unit 1 upgrades include granite countertops and luxury plank flooring
