Occupied Quadplex with Storage
426 E CITRUS Avenue Eustis, FL 32726
For Sale
Under Contract
$490,000
MULTI_FAMILY - EUSTIS, FL
Property Size2,304 SF
Lot Size0.32 Acres
Price / SF$212.67
Days on Market183
Property Features for 426 E CITRUS Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
SR
Bedrooms
4
Bathrooms
4
Rooms
Bedroom 3, Bathroom 1, Bedroom 4, Bedroom 2, Bathroom 4, Bedroom 1, Bathroom 2, Dining Room, Bathroom 3
Parking features
Guest, Open, Assigned
Window features
Blinds, Aluminum Frames, Window Treatments
Patio and Porch features
Patio, Porch
Pets allowed
Size Limit, Breed Restrictions, Number Limit, Yes
Interior features
Built-in Features, Ceiling Fans(s), Living Room/Dining Room Combo, Primary Bedroom Main Floor, PrimaryBedroom Upstairs, Split Bedroom, Thermostat, Walk-In Closet(s), Window Treatments
Exterior features
Outbuildings, Awning(s), Lighting, Sidewalk, Storage
Appliances
Electric Water Heater, Range, Range Hood, Refrigerator
Standard status
Active Under Contract
APN
11-19-26-0100-076-00403
Size
2,304 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
EUSTIS E 61.36 FT OF LOT 4 BLK 76 PB 1 PG 79 ORB 5291 PG 2443 "AND" EUSTIS BEG 79 FT E OF SW COR OF LOT 4 BLK 76, RUN N TO PT 44 FT S OF N LINE OF LOT 4, E 4 FT, N 44 FT, E 51 FT, S TO S LINE LOT 4, W TO POB PB 1 PG 79 ORB 5011 PG 2109
Tax Annual Amount
3645
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Water source
Public
Building Details
Year built
1925
Floors in Building
2
Number of units
4
Flooring type
Laminate, Wood, Vinyl
Building materials
Stucco, Frame
Roof type
Membrane
Additional Structures
Storage, Outbuilding
Listing Agency:
ROCK SPRINGS REALTY, LLC
(877) 333-2811
Listed By:
Joel Bornstein · License #3211229
(407) 252-8092
Added: Jan 26
Changed: Jul 24
Last Checked: Jul 28 at 12:06AM
MLS# G5107267
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 for-sale multifamily property includes a four-unit quadplex plus a detached four-unit rental storage building. The quadplex unit layout features a living/dining area, full kitchen, full bathroom, primary bedroom, a second bedroom/bonus room, and a rear porch. Each unit has two dedicated parking spaces. The quadplex was fully remodeled and updated in 2019, and the property is reported as fully occupied with all tenants on annual leases. The detached storage building has roll-up doors and generates monthly income.
The property is located in the historic district of Eustis and is described as about three blocks from downtown. The City of Eustis provides water and sewer service, and the property has no HOA.
For inquiries, please do not disturb tenants; all requests should be directed to the listing agent. (The quadplex next door at 422 E. Citrus Ave. is also listed for sale.)
The property is located in the historic district of Eustis and is described as about three blocks from downtown. The City of Eustis provides water and sewer service, and the property has no HOA.
For inquiries, please do not disturb tenants; all requests should be directed to the listing agent. (The quadplex next door at 422 E. Citrus Ave. is also listed for sale.)
Key Highlights
- Quad‑plex apartment building plus a detached 4‑unit storage rental building with roll‑up doors
- All units 100% occupied with tenants on annual leases
- Remodeled and updated in 2019
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 | $47.0k | $20.40 |
| − Vacancy | −$3.1k | −$1.35 |
| EGI | $43.9k | $19.05 |
| − OpEx | −$13.2k | −$5.72 |
| NOI | $30.7k | $13.34 |
2,304 SF · lease $20.40/SF/yr · vacancy 6.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$439.0K
$384.1K – $512.2K
NOI $30,730 @ 7.0% cap · market cap 6.27%
Second Best
Apartment 5plus
$404.2K
$353.7K – $471.6K
NOI $28,294 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$655.7K
$573.7K – $764.9K
NOI $45,896 @ 7.0% cap · market cap 9.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Quadplex with (4) on-site rental storage units, 2 parking spaces per unit, and annual leases in SR zoning.
Where is this quadplex located?
The property is located at 426 E CITRUS Avenue Eustis, FL.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: Quad‑plex apartment building plus a detached 4‑unit storage rental building with roll‑up doors; All units 100% occupied with tenants on annual leases; Remodeled and updated in 2019
