Three-Bedroom Half Duplex With
For Sale
$229,000
305 W FOUNTAIN Street, Fruitland Park, FL 34731
MULTI_FAMILY - Other - FRUITLAND PARK, FL
Property Size1,303 SF
Lot Size0.18 Acres
Price / SF$175.75
Days on Market130
Property Features for 305 W FOUNTAIN Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-P
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Dining Room, Bedroom 2, Bathroom 1, Bedroom 3, Bathroom 2
Parking features
Driveway
Window features
Blinds
Patio and Porch features
Porch
Interior features
Ceiling Fans(s), Walk-In Closet(s)
Exterior features
Rain Gutters, Sliding Doors
Appliances
Dishwasher, Microwave, Range, Refrigerator
Subdivision
FRUITLAND PARK
Lot features
City Limits, Paved
Directions
Going North on Hwy 441/27, turn left on E Berkman St, turn right Victoria Ave, turn left on Fountain St, house is on the left.
Standard status
Active
APN
09-19-24-0400-019-02300
Size
1,303 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
FRUITLAND PARK LOT 23 BLK 19 PB 3 PGS 8-9 ORB 5143 PG 927
Tax Annual Amount
3013
Legal Description
FRUITLAND PARK LOT 23 BLK 19 PB 3 PGS 8-9 ORB 5143 PG 927
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2006
Floors in Building
1
Flooring type
Carpet, Laminate, Tile
Building materials
Block, Stucco
Roof type
Shingle
Architectural style
Other
Listing Agency:
CENTURY 21 ALTON CLARK · Century 21 Real Estate
(352) 728-2121
Listed By:
Regina Rodriguez · License #3125022
(352) 269-0450
Added: Mar 31
Changed: Aug 2
Last Checked: Aug 7 at 4:06AM
MLS# G5110329
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 three-bedroom, two-bath half duplex includes a one-car garage and an open floor plan connecting the dining and living areas. The kitchen offers ample counter space and mostly stainless steel appliances, and interior comforts include ceiling fans and walk-in closets. The primary suite features a private ensuite bathroom with dual sinks and a walk-in shower with a built-in seat. Exterior features include rain gutters and sliding doors, along with a porch for outdoor relaxation.
Constructed with block and stucco and served by public water and public sewer, the home is heated and cooled with central systems. Appliances included are a dishwasher, microwave, range, and refrigerator. Additional utility support includes cable availability, and the roof is shingle.
Built in 2006 and situated on a 0.18-acre lot totaling 1,303 square feet, this R-P zoned home provides a practical, low-maintenance residential layout for day-to-day living.
Constructed with block and stucco and served by public water and public sewer, the home is heated and cooled with central systems. Appliances included are a dishwasher, microwave, range, and refrigerator. Additional utility support includes cable availability, and the roof is shingle.
Built in 2006 and situated on a 0.18-acre lot totaling 1,303 square feet, this R-P zoned home provides a practical, low-maintenance residential layout for day-to-day living.
Key Highlights
- 1,303 SF half duplex built in 2006 with block and stucco construction
- Three bedrooms and two bathrooms with walk‑in closet and primary ensuite with dual sinks
- Open floor plan connects dining and spacious living areas
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,379
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.59%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$347,580
$347.6K
Cap Rate 7%
$248,271
$248.3K
Cap Rate 9%
$193,100
$193.1K
Market Conditions
NOI Build-Up for 1,303 SF
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.
Gross rent
$26.6K $20.40/SF
− Vacancy
−$1.8K −$1.35/SF
EGI
$24.8K $19.05/SF
− OpEx
−$7.4K −$5.72/SF
NOI
$17.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$347,580
Cap Rate 7%
$248,271
Cap Rate 9%
$193,100
Alternative Uses
Best Use
Multifamily LT 5
$248.3K
$217.2K – $289.7K
NOI $17,379 @ 7.0% cap · market cap 7.59%
Second Best
Apartment 5plus
$228.6K
$200.0K – $266.7K
NOI $16,001 @ 7.0% cap · market cap 6.99%
Theoretical Best
Office A
$370.8K
$324.5K – $432.6K
NOI $25,956 @ 7.0% cap · market cap 11.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
278
Businesses Nearby
Explore this area
Business Placement
Demographics for 34731, FL
12,111
Population
6,370
Households
1.9
Avg Household Size
50
Median Age
17%
College-Educated
95%
High-School Grad
15.8 sq mi
ZIP Area
767
Density / Sq Mi
$63,329
Median Household Income
$36,057
Median Earnings
$1,157
Median Rent
$185,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Three-bedroom, two-bath half duplex on a public sewer and water setup with central HVAC, a porch, and a driveway.
Where is this duplex located?
The property is located at 305 W FOUNTAIN Street Fruitland Park, FL.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: 1,303 SF half duplex built in 2006 with block and stucco construction; Three bedrooms and two bathrooms with walk‑in closet and primary ensuite with dual sinks; Open floor plan connects dining and spacious living areas
