Duplex with Screened
New
For Sale
$399,999
9342/9344 N Peachtree Way, Citrus Springs, FL 34434
Two independent residences offer flexible ownership and rental use with private outdoor space.
Property Size2,282 SF
Price / SF$175.28
Days on Market4
Property Features for 9342/9344 N Peachtree Way
General Information
Standard status
Active
Size
2,282 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Amenities
screened-in back porch
fenced backyard
cathedral ceilings
walk-in showers
sliding glass doors
open-concept floor plan
Building Details
Year Built
2022
Buildings
1
Construction
Block
Listing Agency:
LPT Realty, LLC
Listed By:
Jehn McCartney · License #281544283
(941) 289-4514
Source:
Swfloridapropertiesforsale
Added: Sep 14
Changed: Sep 17
Last Checked: Sep 16 at 7:34PM
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 LPT Realty, LLC
Investment Insights
Based on property information with market context.
This duplex at 9342/9344 N Peachtree Way includes two separate 2-bedroom, 2-bathroom residences in solid block construction. Each unit has an open-concept layout, cathedral ceilings, a primary suite with walk-in shower, a second full bathroom with walk-in shower, and sliding glass doors opening to a private screened-in back porch. The property also includes a fenced backyard.
County water serves the property, with a separate septic system for each unit, and there is no HOA. The Citrus Springs setting provides access to shopping, dining, medical facilities, schools, and the Withlacoochee State Trail, with Crystal River, Dunnellon, and Ocala within convenient reach. The separate unit configuration supports owner occupancy, rental use, or multi-generational living arrangements.
County water serves the property, with a separate septic system for each unit, and there is no HOA. The Citrus Springs setting provides access to shopping, dining, medical facilities, schools, and the Withlacoochee State Trail, with Crystal River, Dunnellon, and Ocala within convenient reach. The separate unit configuration supports owner occupancy, rental use, or multi-generational living arrangements.
Key Highlights
- Two independent 2‑bedroom, 2‑bathroom units
- Solid block construction with open‑concept interiors
- Cathedral ceilings in both residences
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
$20,832
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
5.21%
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%
$416,640
$416.6K
Cap Rate 7%
$297,600
$297.6K
Cap Rate 9%
$231,467
$231.5K
Market Conditions
NOI Build-Up for 2,282 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%
$416,640
Cap Rate 7%
$297,600
Cap Rate 9%
$231,467
Alternative Uses
Best Use
Multifamily LT 5
$297.6K
$260.4K – $347.2K
NOI $20,832 @ 7.0% cap · market cap 5.21%
Second Best
Apartment 5plus
$273.0K
$238.9K – $318.6K
NOI $19,113 @ 7.0% cap · market cap 4.78%
Theoretical Best
Specialty Retail
$512.8K
$448.7K – $598.2K
NOI $35,893 @ 7.0% cap · market cap 8.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
53
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two independent residences offer flexible ownership and rental use with private outdoor space.
Where is this duplex located?
The property is located at 9342/9344 N Peachtree Way Citrus Springs, FL.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: Two independent 2‑bedroom, 2‑bathroom units; Solid block construction with open‑concept interiors; Cathedral ceilings in both residences
