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75 NW 5th Street

Crystal River, FL 34428

8 beds
6 baths
4,480 sqft
~1/2 acre lot
$194 per sqft
1973 build
– on site

***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***

Listing courtesy of STELLAR_MLS / AMY ROBINSON REAL ESTATE LLC

Last checked: Checking… • Last updated Jun 10, 2025 •

MLS# A4655392 —

The Building

Year Built:

1973
New Construction:

false
Construction Materials:

Block
Roof:

Shingle
Foundation Details:

Slab
# of Buildings:

2
Building Area Total:

4480
Building Area Units:

Square Feet
Building Area Source:

Public Records

Interior

Interior Features:

Living Room/Dining Room Combo
Flooring:

Ceramic Tile
Fireplace:

false

Room Dimensions

Living Area:

4480
Living Area Units:

Square Feet
Living Area Source:

Public Records

Location

Directions:

HWY 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.
Latitude:

28.898359
Longitude:

-82.593876
Coordinates:

-82.593876, 28.898359

The Property

Parcel Number:

17E18S210060 0760
Property Type:

Residential Income
Property Subtype:

Multi Family
Lot Features:

Corner Lot
Lot Size Acres:

0.52
Lot Size Area:

22750
Lot Size SqFt:

22750
Lot Size Units:

Square Feet
Total Acres:

1/2 to less than 1
Zoning:

CG / UC-1
View:

false
Exterior Features:

Outdoor Grill
Water Source:

Public
Road Responsibility:

Public Maintained Road
Road Surface Type:

Paved
Road Frontage Type:

Street Paved
Flood Zone Code:

A
Additional Parcels:

false
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Legal Description:

SYLVAN 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 1656 SYLVAN 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 1656
Tax Annual Amount:

$9,396

Beds

Bedrooms Total:

8

Baths

Total Baths:

6

The Listing

Special Listing Conditions:

None

Heating & Cooling

Heating:

Central
Heating:

true
Cooling:

Central Air
Cooling:

true

Utilities

Utilities:

Water Connected
Sewer:

Public Sewer

Appliances

Laundry Features:

Common Area

The Community

Subdivision Name:

DOWNTOWN CRYSTAL RIVER DISTRICT
Senior Community:

false
Waterview:

Bay/Harbor - Partial
Waterview:

true
Water Access:

false
Waterfront:

false
Pool Private:

false
Association:

false
Ownership:

Fee Simple
Additional Water Information:

Directly across the Street from King's Bay; and 0.3 Miles from Hunter Springs Beach Park

Parking

Garage:

false
Carport:

false

Extra Units

# of Units Total:

6

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Max Internet Speed

Spectrum

Provided by BroadbandNow®

Sale history

Date	Event	Source	Price	% Change
6/10/25 Jun 10, 2025	Listed / Active	STELLAR_MLS	$873,000

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This multifamily located in Downtown Crystal River, Crystal River, FL 34428 is currently for sale for $873,000. 75 NW 5th Street is a 4,480 square foot multifamily with 8 beds and 6 baths that has been on Estately for 5 days. 75 NW 5th Street is in the Downtown Crystal River neighborhood of Crystal River and has a WalkScore® of 65, making it somewhat walkable. This multifamily is in the attendance area of Crystal River Middle School, Crystal River High School, and Crystal River Primary School.

Listing Courtesy of: STELLAR_MLS and AMY ROBINSON REAL ESTATE LLC.

Based on information from the My Florida Regional MLS DBA Stellar MLS 2025.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Stellar MLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Stellar MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. For any questions please call (407) 499-8911.