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Inverness, FL

Residential Income

Inverness, FL Residential Income Properties for Sale

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Hernando, FL Floral City, FL Lecanto, FL Beverly Hills, FL Lake Panasoffkee, FL Citrus Springs, FL Homosassa, FL Holder, FL

Renovated Waterfront Apartment Building

Updated: Oct 4, 2025

Renovated Waterfront Apartment Building

1259 S ELMWOOD Drive, Inverness, FL 34450

$1,200,000

5,400 sqft 0.66 AC lot

Waterfront property with boat ramp access to a chain of lakes, offering potential for high income through Airbnb.
Ten completely renovated units (efficiency, eight 1‑bedroom, one 2‑bedroom) ready for immediate rental income.
Two additional 2‑bedroom units framed and ready to be finished, providing opportunity for increased income.
Substantial investment in new infrastructure: septic system, electrical system (sub panel per unit), plumbing system, AC units with foam insulation, water tanks and filtration system.
Significant upgrades to interiors including cabinets, flooring, fixtures, appliances, and painting.

This listing looks promising.

Here's a quick look at some key insights for

1259 S ELMWOOD Drive, Inverness, FL 34450

View Property Analytics

Est. Cap Rate

3.8%
NOI ÷ price
Est. NOI

$45K
Annual
Price @ 7% Cap

$646K
Suggested
Property Type

Multi-Family Dwellings
Built 1970

View Property Analytics

Three-Unit Triplex Income Property

Updated: Jun 24

Three-Unit Triplex Income Property

1516 Tuttle Street, Inverness, FL 34452

$425,000

2,730 sqft 0.31 AC lot

Income‑producing triplex with three 2‑bedroom, 1‑bath units
All three units are currently occupied
Built in 1982 with stucco construction
Electric and central HVAC with central air
Public water and public sewer connected

New Inverness Duplex Investment Opportunity

New Inverness Duplex Investment Opportunity

111 E HARVARD St, Inverness, FL 34452

$409,900

0.22 AC lot

Newly built duplex with tenants, ideal for investors.

Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 3 Active listings in Inverness, FL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 69 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Waterfront Multi-Family Compound

Waterfront Multi-Family Compound

12881 E Big Buck Trail, Floral City, FL 34436

$525,000

1,278 sqft 3.88 AC lot

Three homes on three separate parcels with private wells and septic, plus four docks providing water access in Floral City.

Zoned Development Land with Road Frontage

Zoned Development Land with Road Frontage

589 S LEONA Avenue, Lecanto, FL 34461

$699,900

7.36 AC lot

Zoned MDR-MH with 331 feet of frontage, partially cleared acreage, and an existing residence needing demolition of other structures.

Live-Work Property with Retail Front

Live-Work Property with Retail Front

3729 S Lecanto Highway, Lecanto, FL 34461

$1,100,000

4,812 sqft 2.00 AC lot

Two CBS buildings, 23-space paved parking, horse stalls, and a 3-bedroom home on a GNC-zoned site.

Income Triplex with Fenced Yard

Income Triplex with Fenced Yard

7545 S Old Oaks Drive, Floral City, FL 34436

$350,000

2,658 sqft 2.11 AC lot

Triplex with three separate power meters, newer HVAC units, and fenced outdoor space on 2+ acres.

Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Downtown Inverness Commercial Land Parcel

Downtown Inverness Commercial Land Parcel

116 Dr Martin Luther King Jr Ave, Inverness, FL 34450

$269,000

0.37 AC lot

Vacant commercial land in Downtown Inverness, development potential.

Downtown Commercial Land Parcel

Downtown Commercial Land Parcel

116 Dr. Martin Luther King Jr Ave, Inverness, FL 34450

$269,000

0.37 AC lot

Vacant CBD-zoned lot with an existing curb cut and mostly cleared, flat site ready for development.

Inverness Mixed-Use Development Opportunity

Inverness Mixed-Use Development Opportunity

2300 U.S. Hwy 41, Inverness, FL 34450

Contact for pricing

54.50 AC lot

54.5-acre site with mixed-use zoning in Inverness, Florida.

Inverness Highlands South Homesite

Inverness Highlands South Homesite

913 E Inverness Boulevard, Inverness, FL 34452

Contact for pricing

0.22 AC lot

0.22-acre homesite in Inverness Highlands South.

Off-Market Properties in Inverness, FL

Consider similar Off-Market properties in Inverness, FL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

4949 Anna Jo Dr

APARTMENT HOUSE (5+ UNITS)

4949 Anna Jo Dr, Inverness, FL 34452-8311

$1,485,000

Estimated value

9,402 sqft 1.62 AC lot

6003 Turner Cp Rd

APARTMENT HOUSE (5+ UNITS)

6003 Turner Cp Rd, Inverness, FL 34453-7092

Value Estimation by Request

8,726 sqft 0.45 AC lot

5321 Pleasant Grv Rd

APARTMENT HOUSE (5+ UNITS)

5321 Pleasant Grv Rd, Inverness, FL 34452-7804

Value Estimation by Request

9,402 sqft 1.80 AC lot

216 Dr Martin Luther King Jr Ave

CAMPGROUND, RV PARK

216 Dr Martin Luther King Jr Ave, Inverness, FL 34450-4338

Value Estimation by Request

1,472 sqft 0.51 AC lot

2110 Milton St

Land

2110 Milton St, Inverness, FL 34453

Value Estimation by Request

2606 Reagan St

Land

2606 Reagan St, Inverness, FL 34453

Value Estimation by Request

2108 Mistletoe St

Land

2108 Mistletoe St, Inverness, FL 34453

Value Estimation by Request

10459 Lucas Trl

Farms

10459 Lucas Trl, Inverness, FL 34450

Value Estimation by Request

58.00 AC lot

2308 Jefferson St

Land

2308 Jefferson St, Inverness, FL 34453

Value Estimation by Request

1909 Milton St

Land

1909 Milton St, Inverness, FL 34453

Value Estimation by Request

2107 Milton St

Land

2107 Milton St, Inverness, FL 34453

Value Estimation by Request

3011 Taylor St

Land

3011 Taylor St, Inverness, FL 34453

Value Estimation by Request

2402 Garfield St

Land

2402 Garfield St, Inverness, FL 34453

Value Estimation by Request

3009 Polk St

Land

3009 Polk St, Inverness, FL 34453

Value Estimation by Request

2814 Polk St

Land

2814 Polk St, Inverness, FL 34453

Value Estimation by Request

2412 Reagan St

Land

2412 Reagan St, Inverness, FL 34453

Value Estimation by Request

2215 Madison St

Land

2215 Madison St, Inverness, FL 34453

Value Estimation by Request

2525 Hugo St

Land

2525 Hugo St, Inverness, FL 34452

Value Estimation by Request

806 Breezewood Ave

Land

806 Breezewood Ave, Inverness, FL 34453

Value Estimation by Request

4375 Archer Ln

Residential income properties

4375 Archer Ln, Inverness, FL 34452

Value Estimation by Request

5,580 sqft 1.58 AC lot

3009 Taylor St

Land

3009 Taylor St, Inverness, FL 34453

Value Estimation by Request

Inverness, FL Residential Income Properties Market Trends and Statistics

Explore 72 residential income properties for sale in Inverness, FL, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 8,130 square feet of properties for sale, with an estimated market value of $2,034,900.

Sale prices for residential income properties in Inverness, FL start at $409,900, averaging $678,300, and reaching up to $1,200,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 35K

Population Growth (5Y) +3.0%

Median Household Income $55,378

College Educated 18.7%

High-Yield Neighborhoods for Investment

Identify Inverness submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
34453	$245K
34452	$425K
34450	$1.2M

Taxes & Financing

Tax Rate (average for all types) 1.55%

Property Tax per SF $39.20 per SF

Tax Rate vs County Average 0.01 pp above county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Citrus County

New Delisted

Total CRE Inventory on Market (SF)

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