Listing provided courtesy of ORISON PROPERTIES INC.as Distributed by MLSGrid- MLS# MFRG5113226MLS Provider

527 E LEMON AVENUEEUSTIS, FL 32726

Commercial · 5,415 Sq. ft. | 0.57 Acres
$629,000 Active

527 E LEMON AVENUE Overview

Time on Site:
10 days
Visits:
0

Investment Opportunity – 6-Unit Multifamily Property Near Historic Downtown Eustis. Great opportunity to acquire a 6-unit multifamily property located just minutes from historic downtown Eustis, waterfront parks, shopping, dining, and entertainment. Originally built in 1919, this income-producing property offers historic character combined with significant upside potential. The property consists of six residential units with four units currently occupied and two vacant units currently available for lease, providing an immediate opportunity to increase cash flow. Unit mix includes one 3-bedroom/2-bath unit, one 2-bedroom/1-bath unit, and four 1-bedroom/1-bath units. Several tenants have established rental histories, with a combination of long-term occupants and month-to-month tenancy providing flexibility for future management strategies. Conveniently located within close proximity to downtown Eustis and major transportation corridors, the property is well-positioned to benefit from continued growth throughout Lake County. With two vacant units ready for lease-up and several existing rents offering potential for future adjustment, investors have the opportunity to increase income and maximize returns. This property presents an excellent opportunity for investors seeking a value-add multifamily asset with much of the heavy lifting already completed. Rent roll, lease information, and operating expense summary available upon request. Buyer to verify all measurements, zoning, future use, financial projections, and all information deemed important to the buyer. Do not disturb tenants. Showings by appointment only.

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527 E LEMON AVENUE Facts & Features

  • Type Commercial
  • Sq. ft. 5,415
  • Price/Sq.ft. $116
  • Lot 0.57 Acres

Details

General

Income/Expenses

  • Gross Income: 75000
  • Gross Scheduled Income: 75000
  • Net Operating Income: 50000

Building Information

  • New Construction: No
  • Year Built: 1919

Location/Region

  • Country: US
  • County Or Parish: Lake
  • MLS Area Major: 32726 - Eustis
  • Subdivision Name: EUSTIS
  • Township: 19S

Community/Development

  • Community Features: Sidewalks

Tax Information

  • Tax Annual Amount: 7283
  • Tax Year: 2025

General Information

  • Listing Terms: Cash
  • Ownership: Fee Simple
  • Parcel Number: 11-19-26-0100-076-00007
  • Property Sub Type: Multi-Family 5+
  • Property Type: Commercial Sale
  • Special Listing Conditions: None
  • Zoning: SR

Interior

Beds/Baths

  • Bathrooms Total: 0

Building Interior

  • Building Area Source: Public Records
  • Building Area Total: 5855
  • Building Area Units: Square Feet

General Information

  • Cooling: Wall/Window Unit(s)
  • Foundation Details: Crawlspace
  • Heating: Natural Gas
  • Levels: Two
  • Living Area: 5415
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Stories Total: 2

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Features: Corner Lot,Sidewalk
  • Lot Size Acres: 0.57
  • Lot Size Dimensions: 138x180
  • Lot Size Square Feet: 24804
  • Road Responsibility: Public Maintained Road
  • Road Surface Type: Asphalt
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Frame
  • Roof: Metal,Shingle

General Information

  • Number Of Units Total: 6
  • Road Frontage Type: City Street
  • Sewer: Public Sewer
  • Utilities: Electricity Available,Natural Gas Available

527 E LEMON AVENUE Neighborhood

Community

32726 (EUSTIS) Demographics

39
Median Age
1,683
Population Density (per sq. mile)
27%
College Educated
$50,439
Estimated Median Income
5,908
Estimated Total Home Owners
3,193
Estimated Total Renters
65% / 35%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

527 E LEMON AVENUE Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

527 E LEMON AVENUE Market Data

Based on the last 30 days in this zip code

$376,766
Average List Price
$200
Average Price per Square Foot
31
Properties Sold
107
Average Days on Market
181
Properties for Sale
Calculations provided by Reliance Network

527 E LEMON AVENUE History

Date Event Value Agent
6/20/2026Source: My Florida Regional MLS Added to Database
June 20, 2026
10/14/2022Source: My Florida Regional MLS Added to Database
October 14, 2022
10/14/2022Source: My Florida Regional MLS Added to Database
October 14, 2022
10/14/2022Source: My Florida Regional MLS Added to Database
October 14, 2022