Tenant-Occupied
For Sale
$415,000
260 S CENTRAL Avenue, Umatilla, FL 32784
Residential Income, UMATILLA, FL
Property Size2,160 SF
Lot Size0.15 Acres
Price / SF$192.13
Days on Market183
Property Features for 260 S CENTRAL Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bathroom 1, Bathroom 3, Bedroom 2, Bathroom 4, Bedroom 1, Family Room, Bathroom 2, Bedroom 3
Parking features
Driveway
Window features
Blinds
Patio and Porch features
Porch
Pets allowed
Yes
Interior features
Ceiling Fans(s), Kitchen/Family Room Combo
Exterior features
Rain Gutters, Storage
Appliances
Dishwasher, Dryer, Electric Water Heater, Exhaust Fan
Subdivision
MITCHENORS ADD
Lot features
Near Public Transit
View
Lake, Water
Elementary school
Umatilla Elem
Middle school
Umatilla Middle
High school
Umatilla High
Directions
From Eustis head North, make a U turn the property will be on your right once you make a U Turn on the West side of the road.
Standard status
Active
APN
13-18-26-050000A00501
Size
2,160 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
UMATILLA, MITCHENORS ADD S 48 FT OF LOT 5, N 25 FT OF LOT 6 BLK A PB 1 PG 56 ORB 2628 PG 851
Tax Annual Amount
3500
Legal Description
UMATILLA, MITCHENORS ADD S 48 FT OF LOT 5, N 25 FT OF LOT 6 BLK A PB 1 PG 56 ORB 2628 PG 851
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
central air
lake views
Building Details
Year built
1998
Floors in Building
2
Number of units
2
Flooring type
Laminate, Tile - Ceramic
Building materials
Block
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
RLW REALTY
Listed By:
Logan Wilson · License #3248440
(352) 771-2560
Added: Apr 16
Changed: Oct 15
Last Checked: Oct 15 at 8:06PM
MLS# G5111096
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 2,160-square-foot duplex, built in 1998, contains two 2-bedroom, 2-bathroom residences on a 0.15-acre lot. Both units are tenant-occupied and professionally managed, with separate utilities. Block construction, ceramic tile and laminate flooring, and central air serve the property. Lake Enola views are also noted. The duplex was previously operated as a furnished short-term rental; long-term and furnished mid-term rental use are also identified as options.
The property is in Flood Zone AE. Its location is described as close to downtown Umatilla and SR 19. The sale requires a lot split, and final lot dimensions and property taxes are estimates. The adjoining lakefront home is separately offered for sale; acquiring both properties would avoid the split.
The property is in Flood Zone AE. Its location is described as close to downtown Umatilla and SR 19. The sale requires a lot split, and final lot dimensions and property taxes are estimates. The adjoining lakefront home is separately offered for sale; acquiring both properties would avoid the split.
Key Highlights
- Two units, each with 2 bedrooms and 2 bathrooms
- 2,160 square feet on a 0.15‑acre lot
- Separate utilities; both units are tenant‑occupied and professionally managed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,809
Cap Rate
6.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$576,180
$576.2K
Cap Rate 7%
$411,557
$411.6K
Cap Rate 9%
$320,100
$320.1K
Market Conditions
NOI Build-Up for 2,160 SF
Gross rent
$44.1K $20.40/SF
− Vacancy
−$2.9K −$1.35/SF
EGI
$41.2K $19.05/SF
− OpEx
−$12.3K −$5.72/SF
NOI
$28.8K $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%
$576,180
Cap Rate 7%
$411,557
Cap Rate 9%
$320,100
Alternative Uses
Best Use
Multifamily LT 5
$411.6K
$360.1K – $480.2K
NOI $28,809 @ 7.0% cap · market cap 6.94%
Second Best
Apartment 5plus
$378.9K
$331.6K – $442.1K
NOI $26,525 @ 7.0% cap · market cap 6.39%
Theoretical Best
Office A
$614.7K
$537.8K – $717.1K
NOI $43,027 @ 7.0% cap · market cap 10.37%
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
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
238
Businesses Nearby
Explore this area
Business Placement
Demographics for 32784, FL
11,212
Population
4,971
Households
2.3
Avg Household Size
45
Median Age
12%
College-Educated
88%
High-School Grad
92.8 sq mi
ZIP Area
121
Density / Sq Mi
$69,633
Median Household Income
$40,247
Median Earnings
$1,082
Median Rent
$237,300
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?
Duplex - Each residence offers two bedrooms, two bathrooms, and separate utility service.
Where is this duplex located?
The property is located at 260 S CENTRAL Avenue Umatilla, FL.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 2 bathrooms; 2,160 square feet on a 0.15‑acre lot; Separate utilities; both units are tenant‑occupied and professionally managed
