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:
$187/SF- Added:
- Feb 19, 2026
- Days on Market:
- 87
- Last Refresh:
- May 17 at 3:06 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 home with three bedrooms and one bathroom, along with an adjacent duplex at 1305 S Dewey St, all situated on a single tax parcel. The property is located minutes from downtown Eustis. The single-family home has been renovated and features a layout with new interior and exterior paint, new flooring, granite counters, and a laundry room with hookups. The duplex contains two units. One unit upstairs has been fully renovated with new paint, floors, kitchen cabinets, granite counters, and fixtures. The downstairs unit is currently occupied under a signed lease. A shared laundry space is available for tenants, along with an outdoor covered rear porch. Situated on a lot of 0.23 acres, the property is fenced. New roofs on both buildings are planned for completion in May 2025. Located in a growing area of Lake County, the property is near schools, parks, shopping, and public transit, with access to US-441. The property offers potential for reliable cash flow and long-term upside.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$346.9K
NOI $31,223 @ 9.00% cap · cautious / downside scenario
Moderate
$446.0K
NOI $31,223 @ 7.00% cap · market / base-case scenario
Aggressive
$624.5K
NOI $31,223 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| 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 Use Scenarios
Best Use
Multifamily LT 5
$446.0K
$390.3K – $520.4K
NOI $31,223 @ 7.0% cap · market cap 7.11%
Second Best
Apartment 5plus
$410.7K
$359.4K – $479.1K
NOI $28,748 @ 7.0% cap · market cap 6.55%
Theoretical Best
Office A
$666.2K
$582.9K – $777.2K
NOI $46,633 @ 7.0% cap · market cap 10.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
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 $439,000.
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.**
