Triplex Income
1611 INDIAN Trail Leesburg, FL 34748
For Sale
$425,000
MULTI_FAMILY - LEESBURG, FL
Property Size1,454 SF
Lot Size0.32 Acres
Price / SF$292.30
Days on Market232
Property Features for 1611 INDIAN Trail
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
SFR
Bedrooms
6
Bathrooms
3
Rooms
Bedroom 4, Bathroom 1, Bedroom 5, Bedroom 2, Bedroom 6, Bedroom 1, Bathroom 3, Bathroom 2, Bedroom 3
Patio and Porch features
Deck
Pool private
1
Interior features
Primary Bedroom Main Floor
Exterior features
Lighting
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
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Well
Building Details
Year built
1945
Number of units
3
Building materials
Metal Frame
Roof type
Shingle
Listing Agency:
KELLER WILLIAMS ELITE PARTNERS III REALTY
(321) 527-5111
Listed By:
Tania Matthews · License #3232332
(407) 497-9660
Added: Dec 9, 2025
Changed: Jul 29
Last Checked: Jul 29 at 10:06PM
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.
Investment Insights
Based on property information with market context.
This fully rented single-family income property is configured as three separate, income-producing spaces, including a pool home. The offering is described as turnkey, with partial interior updates already completed. The operating structure includes utility, lawn, pool, and internet services, supporting streamlined management.
Showings are by appointment only, and the property is being sold with tenants in place. A 30-day notice requirement applies for renewals or non-renewals.
Located in Leesburg, Florida, the property is positioned near Downtown Leesburg, Lake Harris, Venetian Gardens, UF Health Leesburg Hospital, Highway 27, and nearby retail and employment centers. Financials and full property details are available upon request.
Showings are by appointment only, and the property is being sold with tenants in place. A 30-day notice requirement applies for renewals or non-renewals.
Located in Leesburg, Florida, the property is positioned near Downtown Leesburg, Lake Harris, Venetian Gardens, UF Health Leesburg Hospital, Highway 27, and nearby retail and employment centers. Financials and full property details are available upon request.
Key Highlights
- Fully rented single‑family property with tenants in place
- Three separate income‑producing spaces, including a pool home
- Private pool and a deck
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.7k | $20.40 |
| − Vacancy | −$2.0k | −$1.35 |
| EGI | $27.7k | $19.05 |
| − OpEx | −$8.3k | −$5.72 |
| NOI | $19.4k | $13.34 |
1,454 SF · lease $20.40/SF/yr · vacancy 6.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$277.0K
$242.4K – $323.2K
NOI $19,393 @ 7.0% cap · market cap 4.56%
Second Best
Apartment 5plus
$255.1K
$223.2K – $297.6K
NOI $17,856 @ 7.0% cap · market cap 4.20%
Theoretical Best
Office A
$413.8K
$362.1K – $482.7K
NOI $28,964 @ 7.0% cap · market cap 6.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Fully rented single-family triplex with three separate income-producing spaces, including a pool home, and partial interior updates.
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 $425,000.
What are key features of this property?
This property features: Fully rented single‑family property with tenants in place; Three separate income‑producing spaces, including a pool home; Private pool and a deck
