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$873,000

Est. payment - /mo

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8 Beds

6 Baths

4,480 SqFt

New

75 NW 5TH ST Crystal River, FL 34428

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Pam G. Inhofer

paminhofer@gmail.com +1(917) 217-1303

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,480 sqft

Price per Sqft $194

Subdivision Downtown Crystal River District

MLS Listing ID A4655392

Bedrooms 8

HOA Y/N No

Year Built 1973

Annual Tax Amount $9,396

Lot Size 0.520 Acres

Acres 0.52

Property Sub-Type Multi Family

Source Stellar MLS

Property Description

***All Marketing PRE-Helene***Rare opportunity to acquire a solid 6-unit concrete block multifamily property located in the heart of downtown Crystal River, just steps from Kings Bay, Hunter Springs Park, and the restaurants and shops of Citrus Avenue. This prime location offers walkability, charm, and consistent long-term rental demand in one of Florida's fastest-growing coastal communities. Currently Zoned Hotel/Motel, can be converted back to Residential. Though the property did flood during Hurricane Helene, it has been professionally mitigated and is ready to be reimagined! Large spacious units each with their own private patio, shaded by gorgeous Oak trees, permanent fire pit, BBQ, communal laundry, assigned parking. The existing configuration includes 2 spacious two-bedroom/one-bath units and 4 one-bedroom/one-bath units, plus a shared laundry room. Units feature ceramic tile flooring throughout and were professionally mitigated after Hurricane Helene, offering peace of mind and durability for investors. The property spans three lots, providing future flexibility, outdoor common space, or the opportunity to add a third building of similar size (subject to approval). With CG/UC-1 zoning, this site offers long-term stability now with potential for future redevelopment. Ideally located just over an hour from Tampa/St. Pete via the new Suncoast Parkway extension, and centrally positioned near Ocala, Gainesville, The Villages, and Orlando, Crystal River continues to experience steady population and economic growth fueled by eco-tourism, retirement migration, and small-town charm. Whether you're building your rental portfolio or seeking a high-demand, low-supply downtown multifamily property, this 6-unit asset checks all the boxes. ***All Marketing PRE-Helene***

Location

State FL

County Citrus

Community Downtown Crystal River District

Area 34428 - Crystal River

Zoning CG / UC-1

Interior

Interior Features Living Room/Dining Room Combo, Open Floorplan, Walk-In Closet(s)

Heating Central

Cooling Central Air

Flooring Ceramic Tile

Fireplace false

Laundry Common Area, Laundry Room

Exterior

Exterior Feature Outdoor Grill

Utilities Available Water Connected

View Y/N Yes

Roof Type Shingle

Garage false

Private Pool No

Building

Lot Description Corner Lot, Historic District, City Limits, Oversized Lot, Paved

Foundation Slab

Lot Size Range 1/2 to less than 1

Sewer Public Sewer

Water Public

Structure Type Block

New Construction false

Others

Senior Community No

Ownership Fee Simple

Special Listing Condition None

Listed by AMY ROBINSON REAL ESTATE LLC

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Pam G. Inhofer

Agent | License ID: SL 3510449

+1(917) 217-1303

75 NW 5TH ST Crystal River, FL 34428

Pam G. Inhofer

Key Details

Location

Interior

Exterior

Building

Others

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75 NW 5TH ST