Duplex With Screened
For Sale
$399,999
9342 N PEACHTREE Way, Citrus Springs, FL 34434
Residential Income, CITRUS SPRINGS, FL
Property Size2,282 SF
Lot Size0.23 Acres
Price / SF$175.28
Days on Market9
Property Features for 9342 N PEACHTREE Way
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
PDR
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bathroom 1, Bathroom 4, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 3
Patio and Porch features
Patio, Porch
Pets allowed
Yes
Interior features
High Ceilings, Split Bedroom
Exterior features
Fence
Fencing
Fenced
Appliances
Dishwasher, Disposal, Microwave, Range, Refrigerator
Subdivision
CITRUS SPGS UNIT 01
Elementary school
Central Ridge Elementary School
Middle school
Citrus Springs Middle School
High school
Lecanto High School
Directions
US 41n, Right on Mendoza, left on Bertin, Right on Peachtree
Standard status
Active
APN
18E-17S-10-0010-00540-0060
Size
2,282 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CITRUS SPGS UNIT 1 PB 5 PG 89 LOT 6 BLK 54
Tax Annual Amount
4774
Legal Description
CITRUS SPGS UNIT 1 PB 5 PG 89 LOT 6 BLK 54
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2023
Floors in Building
1
Flooring type
Tile - Ceramic
Building materials
Stucco
Roof type
Shingle
Listing Agency:
LPT REALTY, LLC
(877) 366-2213
Listed By:
Jehn McCartney · License #281544283
(941) 289-4514
Added: Aug 20
Changed: Aug 28
Last Checked: Aug 28 at 5:06AM
MLS# A4704050
Copyright © 2026 Stellar MLS. 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.
Completed in 2023, this 2,282-square-foot duplex contains two independent residences, each with two bedrooms and two bathrooms. Both units feature open living areas, cathedral ceilings, a private primary suite with a walk-in shower, a second full bathroom with a walk-in shower, and sliding doors opening to a screened rear porch. Ceramic tile, central heating and cooling, and kitchen appliances are provided throughout the property.
The 0.23-acre parcel includes a fenced backyard, public water service, and a separate septic tank for each unit. There is no HOA, and the property is zoned PDR. Located in Citrus Springs, the duplex is near shopping, dining, medical facilities, schools, and the Withlacoochee State Trail, with access to Crystal River, Dunnellon, and Ocala.
The 0.23-acre parcel includes a fenced backyard, public water service, and a separate septic tank for each unit. There is no HOA, and the property is zoned PDR. Located in Citrus Springs, the duplex is near shopping, dining, medical facilities, schools, and the Withlacoochee State Trail, with access to Crystal River, Dunnellon, and Ocala.
Key Highlights
- 2023‑built duplex totaling 2,282 square feet
- Two 2‑bedroom, 2‑bathroom units with separate living spaces
- Each residence includes a screened rear porch and private primary suite
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
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer flexible occupancy, private outdoor space, and independent septic systems.
Where is this duplex located?
The property is located at 9342 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: 2023‑built duplex totaling 2,282 square feet; Two 2‑bedroom, 2‑bathroom units with separate living spaces; Each residence includes a screened rear porch and private primary suite
