Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1318 Neely Dr Leesburg, FL 34748

    Pending
    For Sale
    $650,000

    Multi Family - LEESBURG, FL

    Property size:
    4,618 SF
    Lot size:
    4.43 Acres
    Days on Market:
    68
    Last Refresh:
    Dec 13 at 3:06 pm

    Property Features for 1318 Neely Dr

    General Information

    Property type
    Residential Multi Family
    Standard status
    Pending
    Zoning
    R-2
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    14
    APN
    34-19-24-0002-000-03100
    Interior features
    Ninguno
    Size
    4,618 SF
    Lot size
    4.43 Acres

    Utilities

    Heating system
    Ductless (Heating)
    Cooling system
    Ductless, Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1946
    Number of units
    6
    Building materials
    Frame
    Roof type
    Shingle
    Architectural style
    Other

    Lawhun Enterprises, LLC (407) 207-2220 [email protected]

    Listing agent Tito Urbano Perez (407) 207-2220 License #3470017

    Listing date Oct 7, 2025

    MLS# TB8416432 Listing URL

    Copyright © 2025 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Leesburg Multifamily Property on 4.43 Acres

    The Neely Drive Portfolio is a six-unit multifamily property located at 1318, 1325, 1324 and 1330 Neely Drive in Leesburg, Florida. Situated on 4.43 acres, the portfolio includes six single-story buildings totaling 4,618 square feet. Constructed between 1942 and 1956, the property features a low-density layout with a strong land-to-unit ratio and potential for future development or expansion. All units are individually metered for electric and water. The buildings are wood frame construction with shingle roofs. Three units have window A/C units, two units have mini-split A/C units and one unit has Central A/C. All roofs have been replaced within the last two years. Three of the six units located at 1318, 1320, and 1324 Neely Drive have been recently renovated, providing updated interiors and minimizing immediate maintenance needs. Located in Lake County, Leesburg offers a mix of affordability and access to major economic centers. The area benefits from consistent population growth, a strengthening rental market, and proximity to employment hubs throughout the Orlando metro area. The Neely Drive Portfolio offers a compelling opportunity for investors seeking a stable asset with long-term upside in a growing Florida market.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Leesburg
    County
    Lake
    State
    Florida
    Longitude
    -81.896365
    Latitude
    28.799024

    Nearby Similar for Sale

    • $1,295,000
      7,339 SF

      Leesburg Island Multifamily Investment

      Unique island property with diverse income potential near Harris Chain.
      11325 Ocklawaha Dr, Leesburg, FL 34788
      View Details
    • $6,500,000
      Pending

      Leesburg Multifamily Investment Opportunity

      48-unit apartment complex near downtown Leesburg, fully leased by college.
      600 W Oak Terrace Dr, Leesburg, FL 34748
      View Details
    • $2,600,000
      Pending

      Leesburg Mobile Home/RV Park

      41-unit mobile home and RV park in Leesburg, Florida.
      28313 Us Highway 27, Leesburg, FL 34748
      View Details
    • $599,000
      2,968 SF

      Downtown Leesburg Professional Office Building

      Well-maintained office building in downtown Leesburg with tenant in place.
      1029 W Magnolia St, Leesburg, FL 34748
      View Details
    • New
      $449,900
      3,382 SF

      Income-Generating Leesburg Multi-Family Property

      Fully occupied 6-plex near downtown Leesburg with income potential.
      1120 Webster St, Leesburg, FL 34748
      View Details
    • $525,000
      2,622 SF

      New Leesburg Duplex Under Construction

      New income-producing duplex near schools with modern features and durable construction.
      2108 & 2110 St SOUTH, Leesburg, FL 34748
      View Details

    FAQs

    What type of property is this?
    Apartment building - Six-unit multifamily property in Leesburg, Florida, with development potential.
    Where is this apartment building located?
    The property is located at 1318 Neely Dr Leesburg, FL.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: - Six-unit multifamily property in Leesburg, Florida.; - Large 4.43-acre lot with low-density layout and potential for future development.; - All roofs have been replaced within the last two years.
    (407) 207-2220
    Request Owner's contact information
    1318 Neely Dr Leesburg, FL 34748
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1318 Neely Dr
    Leesburg, FL 34748
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1318 Neely Dr Leesburg, FL 34748
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.