Inverness, FL Apartment buildings for sale

Updated: Oct 4, 2025

Waterfront Apartment Building

1259 S ELMWOOD Drive, Inverness, FL 34450

$699,000

5,400 sqft 0.66 AC lot

5,400 square feet on 0.66 acres
10 renovated units: 1 efficiency, 8 one‑bedroom, and 1 two‑bedroom
2 additional two‑bedroom units framed with washer and dryer hookups
Waterfront setting with boat ramp access to the chain of lakes
New electrical, plumbing, septic, AC, water tanks, and filtration system

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This listing looks promising.

Here's a quick look at some key insights for

1259 S ELMWOOD Drive, Inverness, FL 34450

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Est. Cap Rate

6.5%
Above avg (5.9%)
Est. NOI

$45K
Annual
Price @ 7% Cap

$646K
Suggested
Property Type

Multi-Family Dwellings
Built 1970

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Updated: Oct 2, 2025

Renovated Waterfront Apartment Building

1259 ELMWOOD Drive, Inverness, FL 34450

$699,000

5,400 sqft

10 renovated units: 1 efficiency, 8 one‑bedroom, and 1 two‑bedroom
Two additional 2‑bedroom units framed and ready for completion
5,400 SF apartment building constructed in 1970
New septic, electrical, plumbing, AC, water tanks, and filtration system
Foam insulation added at the roof; interiors updated with cabinets, flooring, fixtures, and appliances

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Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 2 Active listings in Inverness, FL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 7 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Income Property Near College

2621 SW 33 Avenue, Ocala, FL 34474

$1,399,000

5,236 sqft

Eight-unit income property near College of Central Florida.

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Southern Pines Townhome-Style Apartments

3041 SW 20TH St, Ocala, FL 34474

$1,175,000

0.50 AC lot

Well-maintained apartment community near College of Central Florida.

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Renovated 10-Unit Multifamily Portfolio

7464 W Miss Maggie Dr, Homosassa, FL 34448

Contact for pricing

Ten renovated units feature brand-new vinyl floors, white shaker cabinets, and newer AC, plus kitchenettes and a fish cleaning station.

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21.35 Acres in Homosassa, FL

110 Cypress Circle, Homosassa, FL 34446

$2,100,000

21.35 AC lot

21.35 acre assemblage suitable for luxury townhomes and commercial development.

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Off-Market Properties in Inverness, FL

Consider similar Off-Market properties in Inverness, FL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

APARTMENT HOUSE (5+ UNITS)

4949 Anna Jo Dr, Inverness, FL 34452-8311

$1,415,000

Estimated value

9,402 sqft 1.62 AC lot

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APARTMENT HOUSE (5+ UNITS)

6003 Turner Cp Rd, Inverness, FL 34453-7092

$265,000

Estimated value

8,726 sqft 0.45 AC lot

View details

APARTMENT HOUSE (5+ UNITS)

5321 Pleasant Grv Rd, Inverness, FL 34452-7804

$320,000

Estimated value

9,402 sqft 1.80 AC lot

View details

APARTMENT HOUSE (5+ UNITS)

300 Washington Ave, Inverness, FL 34450-4909

$610,000

Estimated value

4,768 sqft 5.30 AC lot

View details

APARTMENT HOUSE (5+ UNITS)

409 Vine St, Inverness, FL 34450-4342

$305,000

Estimated value

2,952 sqft 0.42 AC lot

View details

APARTMENT HOUSE (5+ UNITS)

210 Seminole Ave, Inverness, FL 34450-4169

$310,000

Estimated value

4,032 sqft 0.75 AC lot

View details

APARTMENT HOUSE (5+ UNITS)

222 Pleasant Grv Rd, Inverness, FL 34452-4447

$315,000

Estimated value

3,492 sqft 0.76 AC lot

View details

Inverness, FL Apartment Buildings Market Trends and Statistics

Explore 9 apartment buildings for sale in Inverness, FL on our real estate platform. These investment opportunities span a total of 10,800 square feet of properties for sale, with an estimated market value of $1,398,000.

Sale prices for two-family homes in Inverness, FL average $699,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
34450	$1.2M

Neighborhood

Average Price

34450

$1.2M