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CRYSTAL RIVER, FL 34428 740 NE 5TH AVENUE

740 NE 5TH AVENUE CRYSTAL RIVER, FL - Image 1740 NE 5TH AVENUE CRYSTAL RIVER, FL - Image 2740 NE 5TH AVENUE CRYSTAL RIVER, FL - Image 3
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740 NE 5TH AVENUE CRYSTAL RIVER, FL - Image 4
Presented By: PREMIERE PROPERTIES with 352-293-1908. - 352-293-1908
  • MLS# W7883744
  • 03/09/2026
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  • SQFT • 20,648

Home Details

Short Sale. Investor Opportunity in Crystal River – 19 Unit Apartment Complex Rare redevelopment opportunity in the heart of Crystal River. This 19-unit apartment building offers incredible potential for investors, developers, or builders looking to capitalize on the growing demand for housing in this highly desirable Gulf Coast community. The property sustained significant hurricane damage and is being sold as-is, presenting a prime chance to renovate, rebuild, or reimagine the site to maximize its income potential. Situated in an area known for its natural beauty, tourism, and waterfront lifestyle, the location continues to attract residents, seasonal visitors, and long-term tenants alike. With strong rental demand in Citrus County and limited multifamily inventory, this property provides the opportunity to restore a 19-unit income-producing asset or redevelop the site entirely. Conveniently located near local shops, dining, marinas, and the famous springs and outdoor attractions that make Crystal River such a sought-after destination. Property consists of (2) 7 PLEXES, (2) DUPLEXES, (1) SFR
Presented By: PREMIERE PROPERTIES with 352-293-1908. - 352-293-1908

Interior Features for 740 NE 5TH AVENUE

Bathrooms

Total Baths

Other Interior Features

LivingAreaSourcePublic Records
Air Conditioning Y/NYes
Heating Y/NYes
Total Stories1

General for 740 NE 5TH AVENUE

Additional Parcels Y/NNo
Building Area UnitsSquare Feet
Building FeaturesBathrooms
CityCRYSTAL RIVER
Construction MaterialsBlock
CoolingCentral Air
CountyCitrus
DirectionsUS 19 N to Crystal River. Right on NE Third Ave. Right on NE Crystal St. Right in NE 5th Ave. Properties are on the Right.
DockY/NNo
Flood Zone CodeAE
HeatingCentral
Legal DescriptionCRYSTAL TERRACE CONDO AKA TOWNSITE OF CRYSTAL PARK LOTS 35 36 37 38 & 39
Listing TermsAssumable, Cash, Other, Private Financing Available
Living Area UnitsSquare Feet
Lot Size Square Feet44711
Lot Size UnitsAcres
MLS Area34428 - Crystal River
New ConstructionNo
Number Of Units Total19
Occupancy TypeVacant
OwnershipCorporation
PossessionClose Of Escrow
Property ConditionFixer
Property SubtypeMulti Family (5+)
Property TypeCommercial Sale
RoofShingle
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameCRYSTAL PARK
Tax Annual Amount9139.54
Tax Lot35
Tax Year2025
UtilitiesElectricity Available, Water Nearby
Virtual TourClick here
Water Access Y/NNo
Water View Y/NNo
Year Built1972
ZoningR3

Exterior for 740 NE 5TH AVENUE

Building Area Total20648
Foundation DetailsSlab
Lot Dimensions100 x 182
Lot Size Acres1.03
Lot Size Area1.0264
Number of Buildings4
Parking FeaturesCommon
Road Frontage TypeCity Street
Road Surface TypeAsphalt
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Steven Silcock

Broker Owner
Price $1,285,000
MLS#W7883744
List Date 03/09/2026
Property Type Commercial
Phone 407.574.0218
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