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527 Lemon Avenue, FL
Stellar MLS

$629K

527 Lemon Avenue

Eustis, FL 32726

Listing updated: June 26, 2026 at 2:35 PM ET

Active
Stellar MLSListing courtesy of Orison Properties Inc. · Stephanie Frederick · MLS #G5113226 · Active · 352-729-3811
5,855
Building SF
0.57
Acres
6
Units
1919
Built
$107.43
Per SF
Multi-Family 5+7.95% cap rate$107.43/SF360° tour
Multi-Family 5+

Property type

1919

Year built

5,855 SF

Building size

24,804 sqft

Lot size

$107.43

Price / SF

6

Units

SR

Zoning

6

Days on market

Investment & cash flow

7.95%
Cap rate
$50K
NOI / yr
$75K
Gross income (Projected)
$25K
Annual expenses
8.4
GRM
$107.43
Price / SF

Figures provided by the listing broker — verify independently.

Lease terms

Occupancy
Tenant

About this property

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.

Virtual tour

Facts & features

Property type
Commercial Sale
Sub type
Multi-Family 5+
Status
Active
Days on market
6
Subdivision
Eustis
County
Lake
Year built
1919
Building area
5,855 sq ft
Price/sq ft
$107.43
Lot size
24,804 sq ft
Units
6
Buildings
1
Stories
2
Electric meters
1
Water meters
1
Road frontage
City Street
Annual taxes
$7K (2025)
Parcel #
11-19-26-0100-076-00007
Zoning
SR
MLS #
G5113226

Utilities

Utilities
Electricity Available, Natural Gas Available
Water source
Public
Sewer
Public Sewer

Listing details

Listing date
2026-06-19
On market date
2026-06-20
MLS area
32726 - Eustis
Status changed
2026-06-21
Tax legal description
EUSTIS E 138 FT OF S 179.5 FT BLK 76 PB 1 PG 79 ORB 5187 PG 1441

Location

Directions

US-441 S, Take the FL-19 N ramp, Turn right onto E Key Ave, Turn left onto S Mary St, Destination will be on the left

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 June 26, 2026 at 2:35 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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