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    EUSTIS Multifamily Investment Opportunity

    205 S GROVE STREET Eustis, FL 32726

    205 S GROVE STREET, Eustis, FL, 32726
    $749,000
    For Sale
    Claim this Listing
    $749,000

    Multi-Family 5+ - EUSTIS, FL

    Property Size4,066 SF
    Lot Size0.40 Acres
    Price / SF$184.21
    AddedDec 24, 2025
    Days on Market203
    Last RefreshJul 15 at 1:06 pm

    Property Features for 205 S GROVE STREET

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    RT
    Standard status
    Active
    APN
    11-19-26-0100-077-00700
    Size
    4,066 SF
    Lot size
    0.40 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    4475.98

    Utilities

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

    Building Details

    Year built
    1924
    Building materials
    Wood Siding
    Architectural style
    Other

    Listing agent Juan Vazquez

    Listing office LPT REALTY, LLC 1400 South International Parkw, Lake Mary, FL

    Listing date Dec 24, 2025

    MLS# O6367864 Listing URL

    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 is a fully occupied, renovated 7-unit multifamily property located in Eustis, Florida. The property is currently generating $7,210 in monthly gross rent with a consistent rental history. Offered at nearly a 10% cap rate after taxes and insurance, it provides cash flow. The property has been renovated, reducing near-term capital expenditure needs and allowing a new owner to benefit from immediate income with minimal deferred maintenance. All units are 100% occupied, offering instant returns with no lease-up period required. The property is conveniently located within the Eustis rental market near local amenities, employment centers, and major roadways. This asset is well-suited for investors seeking a stabilized multifamily property, portfolio expansion, or a 1031 exchange opportunity. The lot size is 0.4 acres and the property size is 4,066 square feet. The zoning is RT.

    Key Highlights

    • Fully occupied 7‑unit multifamily property generating $7,210 monthly gross rent.
    • Offered at nearly a 10% cap rate after taxes and insurance, providing attractive cash flow.
    • Fully renovated, reducing near‑term capital expenditure needs.

    Local Financial Insights For Apartment 5plus

    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 $97.1k $23.88
    − Vacancy −$6.3k −$1.55
    EGI $90.8k $22.33
    − OpEx −$40.9k −$10.05
    NOI $49.9k $12.28
    4,066 SF · lease $23.88/SF/yr · vacancy 6.50% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $713.3K
    $624.2K – $832.2K (±1% cap)
    NOI $49,932 @ 7.0% cap · market cap 6.67%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.16M
    $1.01M – $1.35M (±1% cap)
    NOI $80,995 @ 7.0% cap · market cap 10.81%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Sunbright Designs Hardware & Home Improvement

    Suggested Use

    Law Firm Storage Facility (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Catering Service Veterinary Clinic Auto Parts Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Butcher

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

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    FAQs

    What type of property is this?
    Apartment building - Fully occupied, renovated 7-unit property in Eustis, Florida.
    Where is this apartment building located?
    The property is located at 205 S GROVE STREET Eustis, FL.
    What is the asking price?
    The asking price for this property is $749,000.
    What are key features of this property?
    This property features: Fully occupied 7‑unit multifamily property generating $7,210 monthly gross rent.; Offered at nearly a 10% cap rate after taxes and insurance, providing attractive cash flow.; **Fully renovated, reducing near‑term capital expenditure needs.**
    Contact an agent
    (321) 274-7264
    We can help!
    Contact an agent
    Juan Vazquez
    Real Estate License ID: 3554435
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