$629K
527 Lemon Avenue
Eustis, FL 32726
Listing updated: June 26, 2026 at 2:35 PM ET
Property type
Year built
Building size
Lot size
Price / SF
Units
Zoning
Days on market
Investment & cash flow
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
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