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61 Central Avenue, FL
Stellar MLS

$474K

61 Central Avenue

Umatilla, FL 32784

Listing updated: August 12, 2026 at 1:13 PM ET

Active
Stellar MLSListing courtesy of Exp Realty Llc · Monica McDonald · MLS #G5111453 · Active · 888-883-8509
4,071
Building SF
0.09
Acres
4
Units
1941
Built
$116.43
Per SF
Multi-Family 5+7.44% cap rate$116.43/SF360° tour
Multi-Family 5+

Property type

1941

Year built

4,071 SF

Building size

4,071 sqft

Lot size

$116.43

Price / SF

4

Units

C-1

Zoning

99

Days on market

Investment & cash flow

7.44%
Cap rate
$35K
NOI / yr
$49K
Gross income (Actual)
$14K
Annual expenses
9.6
GRM
$116.43
Price / SF

Income includes: Rent Only

Figures provided by the listing broker — verify independently.

Lease terms

Occupancy
Tenant

About this property

Positioned in the heart of downtown Umatilla, this versatile mixed-use property presents a strong income-producing opportunity with both residential and commercial components. The second-floor features three well-maintained 1-bedroom, 1-bath apartments, all updated with interior paint and remodeling completed in 2015, offering comfortable living spaces ideal for steady rental income. The ground floor is currently configured as a salon/hair studio, with excellent visibility and storefront presence. The layout provides flexibility to accommodate a single user or be demised into two separate commercial units, each with its own entrance and display windows ideal for retail or service-oriented tenants. Additional value is found at the rear of the property, where a detached garage offers potential for supplemental rental income or on-site storage. Parking is conveniently available both curbside and behind the building. Capital improvements include a roof replacement in 2014, along with new gutters and downspouts, and exterior stucco and paint completed in 2015—reducing near-term maintenance concerns. With its central location, multiple income streams, and adaptable layout, this property represents an excellent opportunity for investors or owner-users seeking a foothold in a growing downtown market.

Virtual tour

Facts & features

Property type
Commercial Sale
Sub type
Multi-Family 5+
Status
Active
Days on market
99
Subdivision
Umatilla Yanceys Add
County
Lake
Year built
1941
Building area
4,071 sq ft
Price/sq ft
$116.43
Lot size
4,071 sq ft
Units
4
Buildings
1
Road frontage
Highway
Annual taxes
$6K (2025)
Parcel #
13-18-26-1200-00G-00201
Zoning
C-1
MLS #
G5111453

Listing details

Listing date
2026-04-20
On market date
2026-05-05
MLS area
32784 - Umatilla / Dona Vista
Status changed
2026-05-05
Tax legal description
UMATILLA, YANCEY'S ADD S 30 FT OF LOT 2, N 3.5 FT OF LOT 3 BLK G--LESS W'LY 15 FT-- PB 1 PG 30 ORB 3957 PG 85

Location

Directions

North on CR19 to Umatilla, Building past City Hall on the opposite side of the street

MLS GRID

Listings courtesy of Stellar MLS as distributed by MLS GRID

IDX information 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.

Based on information submitted to the MLS GRID as of August 12, 2026 at 1:13 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Ryan Solberg, Licensed Real Estate Broker · MaxLife Realty, LLC · FL Lic. #BK3354351 · Equal Housing Opportunity · Terms · DMCA

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61 Central Avenue — $474K | MaxLife Commercial