EUSTIS Triplex Investment
301 E ATWATER AVENUE, Eustis, FL 32726
Triplex - EUSTIS, FL
Type:Triplex
Property size:
2,341 SFLot size:
0.23 AcresPrice / SF:
$183/SF- Added:
- Feb 19, 2026
- Days on Market:
- 99
- Last Refresh:
- May 29 at 2:06 pm
Property Features for 301 E ATWATER AVENUE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Zoning
- SR
- Bedrooms
- 5
- Rooms
- Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Interior features
- Ceiling Fans(s), Solid Surface Counters, Thermostat
- Exterior features
- Fence, Private Yard, Sidewalk, Storage
- Fencing
- Fenced
- Standard status
- Active
- APN
- 11-19-26-0100-144-00311
- Size
- 2,341 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4104
Utilities
- Heating system
- Heat Pump (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1949
- Number of units
- 3
- Building materials
- Block
- Roof type
- Shingle
- Architectural style
- Other
- Additional Structures
- Storage
Listing agent Braden Verkaik License #3601219 (352) 931-4117
Listing office NARROW ROAD REALTY 811 South Bay Street, Eustis, FL (352) 589-8100
Listing date Feb 19, 2026
MLS# G5108348
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.
HighLights
- Income‑producing property featuring a single‑family home (3/1) and a duplex (2/2) on one tax parcel.
- New roofs on both buildings (completed May 2025).
- Renovated units: The single‑family home and one duplex unit boast new paint, flooring, and granite counters.
- Located in a growing area of Lake County, close to schools, parks, shopping, and public transit with easy access to US‑441.
- Generously sized, fenced‑in lot.
- Ideal for investors or house‑hackers due to strong rental potential and unit mix.
Overview
Located in the heart of Eustis, this property at 301 E Atwater Ave presents an investment opportunity. It features a single-family 3-bedroom, 1-bath home and an adjacent 2-unit duplex at 1305 S Dewey St, all included on one tax parcel. The property is situated minutes from downtown Eustis. The 3-bedroom house at 301 E Atwater has been renovated and features an open layout, a laundry room with hookups, new interior and exterior paint, new flooring, and granite counters. The duplex at 1305 S Dewey contains two 1-bedroom, 1-bath units with a shared laundry space and a covered rear porch. Apartment #1, located upstairs, has been fully renovated with new paint, floors, kitchen cabinets, granite counters, and fixtures. Apartment #2, located downstairs, is currently occupied under a signed lease. The property sits on a fenced lot of 0.23 acres. Located in a growing area of Lake County, the property is near schools, parks, shopping, public transit, and US-441. New roofs are planned for both buildings in May 2025. The property offers a total of 2341 square feet of living space. The zoning is SR.
Local 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 | $47.8k | $20.40 |
| − Vacancy | −$3.2k | −$1.35 |
| EGI | $44.6k | $19.05 |
| − OpEx | −$13.4k | −$5.72 |
| NOI | $31.2k | $13.34 |
2,341 SF · lease $20.40/SF/yr · vacancy 6.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$446.0K
$390.3K – $520.4K
NOI $31,223 @ 7.0% cap · market cap 7.26%
Second Best
Apartment 5plus
$410.7K
$359.4K – $479.1K
NOI $28,748 @ 7.0% cap · market cap 6.69%
Theoretical Best
Office A
$666.2K
$582.9K – $777.2K
NOI $46,633 @ 7.0% cap · market cap 10.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Anthony's Pro Lawn ...
Landscaping
Location Insight
- Map
- Local Demand
- City
- Eustis
- County
- Lake
- State
- Florida
- Longitude
- -81.682347
- Latitude
- 28.84042
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Income-producing triplex near downtown Eustis with strong rental potential.
Where is this triplex located?
The property is located at 301 E ATWATER AVENUE Eustis, FL.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Income‑producing property featuring a single‑family home (3/1) and a duplex (2/2) on one tax parcel.; New roofs on both buildings (completed May 2025).; Renovated units: **The single‑family home and one duplex unit boast new paint, flooring, and granite counters.**
