CRYSTAL RIVER, FL 34428 75 NW 5TH STREET

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Presented By: AMY ROBINSON REAL ESTATE LLC with 941-346-7000. - 941-346-7000
  • MLS# A4655392
  • 06/10/2025
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  • Beds • 8
  • Baths • 6
  • SQFT • 4,480

Home Details

***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***
Presented By: AMY ROBINSON REAL ESTATE LLC with 941-346-7000. - 941-346-7000

Interior Features for 75 NW 5TH STREET

Bedrooms

Total Bedrooms8

Bathrooms

Total Baths6

Other Interior Features

LivingAreaSourcepublic records
Air Conditioning Y/NYes
Fireplace Y/NNo
Flooringceramic tile
Heating Y/NYes
Interior Amenitiesliving room/dining room combo, open floorplan, walk-in closet(s)
Laundry Featurescommon area, laundry room

General for 75 NW 5TH STREET

Additional Parcels Y/NNo
Building Area Unitssquare feet
Carport Y/NNo
Citycrystal river
Construction Materialsblock
Coolingcentral air
Countycitrus
Directionshwy 19 to citrus ave, west on citrus ave to right nw 5th street - on the corner of nw 5th and nw 1st. on the way to the crab plant.
Flood Zone Codea
Garage Y/NNo
HOANo
Heatingcentral
Land Lease Y/NNo
Legal Descriptionsylvan glen add pb 1 pg 26 all of lts 76 & 77 & w 150 ft of that pt of lt 93 lying e of nw 1st ave (f/k/a front st) & n of nw 5th st in sylvan glenn add desc in or bk 1001 pg 488 or bk 2308 pg 165
Living Area Unitssquare feet
Lot Size Square Feet22750
Lot Size Unitssquare feet
MLS Area34428 - crystal river
ModificationTimestamp2025-06-10t22:33:29.000z
New ConstructionNo
Number Of Units Total6
Ownershipfee simple
Property Subtypemulti family
Property Typeresidential income
Roofshingle
Senior Community Y/NNo
Sewerpublic sewer
Standard Statusactive
Statusactive
Subdivision Namedowntown crystal river district
Tax Annual Amount9396
Tax Lot0
Tax Year2024
Utilitieswater connected
Water Access Y/NNo
Water Viewbay/harbor - partial
Water View Y/NYes
Year Built1973
Zoningcg / uc-1

Exterior for 75 NW 5TH STREET

Building Area Total4480
Exterior Amenitiesoutdoor grill
Foundation Detailsslab
Lot Featurescorner lot, historic district, city lot, oversized lot
Lot Size Acres0.52
Lot Size Area22750
Number of Buildings2
Number of Separate Electric Meters7
Number of Separate Water Meters7
Private PoolNo
Road Frontage Typestreet paved
Road Responsibilitypublic maintained road
Road Surface Typepaved, asphalt
Water Sourcepublic
Waterfront Y/NNo

Additional Details

Price History

Andre LaFountain

Realtor / Coach
Price $873,000
MLS#A4655392
List Date 06/10/2025
Property Type Income
Phone 518.569.7173
Request Tour
Request Info
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Location
  • Babcock Ranch