Pool Triplex with
For Sale
$395,000
1611 INDIAN Trail, Leesburg, FL 34748
Residential Income, LEESBURG, FL
Property Size1,454 SF
Lot Size0.32 Acres
Price / SF$271.66
Days on Market311
Property Features for 1611 INDIAN Trail
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
SFR
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bedroom 6, Bedroom 3, Bathroom 3, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 5
Patio and Porch features
Deck
Pool private
1
Interior features
Primary Bedroom Main Floor
Exterior features
Lighting
Subdivision
INDIAN HILL
Directions
From Clermont heading northbound on US 27, turn right on Indian Trail. The property is on the right
Standard status
Active
APN
15-19-24-0100-007-00100
Size
1,454 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
INDIAN HILL LOTS 1 2 BLK 7 PB 8 PG 28 ORB 6294 PG 556
Tax Annual Amount
1924
Legal Description
INDIAN HILL LOTS 1 2 BLK 7 PB 8 PG 28 ORB 6294 PG 556
Utilities
Sewer type
Septic Tank
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Well
Amenities
pool
Building Details
Year built
1945
Number of units
3
Building materials
Metal Frame
Roof type
Shingle
Listing Agency:
KELLER WILLIAMS ELITE PARTNERS III REALTY · Keller Williams Realty
(321) 527-5111
Listed By:
Tania Matthews · License #3232332
(407) 497-9660
Added: Dec 9, 2025
Changed: Oct 15
Last Checked: Oct 16 at 8:06AM
MLS# G5105201
Copyright © 2026 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.
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Investment Insights
Based on property information with market context.
This 1,454-square-foot triplex sits on a 0.32-acre parcel and is being offered with tenants in place. The property contains three separate income-producing spaces, including a pool home, and has received partial interior updates. A private pool, deck, central heating and cooling, electric heat, shingle roofing, and metal-frame construction are among the documented improvements. The home was built in 1945 and is served by a well and septic tank. SFR zoning applies.
The property is located at 1611 Indian Trail in Leesburg, near Downtown Leesburg, Lake Harris, Venetian Gardens, UF Health Leesburg Hospital, Highway 27, and local retail and employment centers. Utility, lawn, pool, and internet services are incorporated into the current operating structure, while renewals or non-renewals require 30 days' notice.
The property is located at 1611 Indian Trail in Leesburg, near Downtown Leesburg, Lake Harris, Venetian Gardens, UF Health Leesburg Hospital, Highway 27, and local retail and employment centers. Utility, lawn, pool, and internet services are incorporated into the current operating structure, while renewals or non-renewals require 30 days' notice.
Key Highlights
- Three separate income‑producing spaces with tenants in place
- 1,454 square feet on 0.32 acres
- Private pool with deck
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,393
Cap Rate
4.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$387,860
$387.9K
Cap Rate 7%
$277,043
$277.0K
Cap Rate 9%
$215,478
$215.5K
Market Conditions
NOI Build-Up for 1,454 SF
Gross rent
$29.7K $20.40/SF
− Vacancy
−$2.0K −$1.35/SF
EGI
$27.7K $19.05/SF
− OpEx
−$8.3K −$5.72/SF
NOI
$19.4K $13.34/SF
Area
Lake County, FL
Vacancy
6.60%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$387,860
Cap Rate 7%
$277,043
Cap Rate 9%
$215,478
Alternative Uses
Best Use
Multifamily LT 5
$277.0K
$242.4K – $323.2K
NOI $19,393 @ 7.0% cap · market cap 4.91%
Second Best
Apartment 5plus
$255.1K
$223.2K – $297.6K
NOI $17,856 @ 7.0% cap · market cap 4.52%
Theoretical Best
Office A
$413.8K
$362.1K – $482.7K
NOI $28,964 @ 7.0% cap · market cap 7.33%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
523
Businesses Nearby
Explore this area
Business Placement
Demographics for 34748, FL
45,481
Population
25,740
Households
1.8
Avg Household Size
60
Median Age
24%
College-Educated
90%
High-School Grad
39.4 sq mi
ZIP Area
1,154
Density / Sq Mi
$53,768
Median Household Income
$30,762
Median Earnings
$1,181
Median Rent
$226,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Fully rented three-space property with a private pool, central air, and established operating services.
Where is this triplex located?
The property is located at 1611 INDIAN Trail Leesburg, FL.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Three separate income‑producing spaces with tenants in place; 1,454 square feet on 0.32 acres; Private pool with deck
