EUSTIS Quadplex with Storage
426 E CITRUS AVENUE, Eustis, FL 32726
Quadruplex - EUSTIS, FL
Type:Quadruplex
Property size:
2,304 SFLot size:
0.32 AcresPrice / SF:
$212/SF- Added:
- Jan 26, 2026
- Days on Market:
- 111
- Last Refresh:
- May 17 at 1:06 pm
Property Features for 426 E CITRUS AVENUE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Zoning
- SR
- Bedrooms
- 4
- Rooms
- Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
- Parking features
- Assigned, Garage, Guest, Open
- Security features
- Smoke Detector(s)
- Pets allowed
- Breed Restrictions, Number Limit, Size 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
- Level, Paved, Outbuildings, Awning(s), Lighting, Sidewalk, Storage
- Appliances
- Range, Refrigerator
- Standard status
- Active
- APN
- 11-19-26-0100-076-00403
- Size
- 2,304 SF
- Lot size
- 0.32 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3645
Utilities
- Heating system
- Central, Electric (Heating)
- Cooling system
- Ductless, Multi Units
Building Details
- Year built
- 1925
- Number of units
- 4
- Flooring type
- Laminate, Vinyl, Wood
- Building materials
- Frame, Stucco
- Roof type
- Membrane
- Architectural style
- Other
- Additional Structures
- Outbuilding, Storage
Listing agent Joel Bornstein License #3211229 (877) 333-2811
Listing office ROCK SPRINGS REALTY, LLC 3780 Rochelle Lane, Apopka, FL (877) 333-2811
Listing date Jan 26, 2026
MLS# G5107267
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
- Turnkey investment: 100% occupied quad‑plex delivering a 6.16% CAP rate.
- Includes a detached 4‑unit rental storage building generating $500 monthly income.
- Located in the historic district of Eustis, 3 blocks from downtown.
- All units were fully remodeled and updated in 2019.
- No HOA fees.
- Each unit features a living/dining room combo, full kitchen, full bathroom, primary bedroom, bonus/bedroom#2, and a rear porch, plus 2 dedicated parking spaces.
Overview
This property features a quadplex apartment building and a detached four-unit rental storage building. Located in the historic district of Eustis, Florida, it is situated three blocks from downtown. The property is currently delivering a 6.16% CAP Rate with additional revenue potential. All units were fully remodeled and updated in 2019. The quadplex includes units with living/dining rooms, full kitchens, full bathrooms, a primary bedroom, a bonus/bedroom #2, and a rear porch. Each unit has two dedicated parking spaces. The rental storage building generates $500.00 in monthly income. The property is located within close proximity and walking distance to Downtown Eustis & Bay Street, Lake Eustis lakefront, lots of restaurants, shops, city parks & just 5-minutes to the Lake County Mall, Target, Walmart, etc. and a variety of other conveniences for the tenants and their guests. The property size is 2304 square feet on a lot of 0.32 acres. The zoning is SR. The property is 100% occupied, and all tenants are on annual leases. City of Eustis provides water and sewer services. This is a turnkey investment opportunity.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$341.4K
NOI $30,730 @ 9.00% cap · cautious / downside scenario
Moderate
$439.0K
NOI $30,730 @ 7.00% cap · market / base-case scenario
Aggressive
$614.6K
NOI $30,730 @ 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 | $47.0k | $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 Use Scenarios
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 local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Eustis
- County
- Lake
- State
- Florida
- Longitude
- -81.6805751
- Latitude
- 28.8515776
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Quadplex with four storage units in historic Eustis, Florida.
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: Turnkey investment: 100% occupied quad‑plex delivering a 6.16% CAP rate.; Includes a detached 4‑unit rental storage building generating $500 monthly income.; Located in the historic district of Eustis, 3 blocks from downtown.
