475 UMATILLA BOULEVARD Umatilla, FL 32784
Quadruplex - UMATILLA, FL
Property Features for 475 UMATILLA BOULEVARD
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Zoning
- C
- Exterior features
- Level, Paved, Sidewalk
- Standard status
- Active
- APN
- 12-18-26-0600-024-01800
- Size
- 10,080 SF
- Lot size
- 0.53 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 21242.22
Utilities
- Heating system
- Electric (Heating), Heat Pump (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1930
- Number of units
- 16
- Building materials
- Block
- Roof type
- Shake
- Architectural style
- Other
Listing agent Victor Avila License #3372973 (407) 962-5738
Listing office LPT REALTY, LLC 1400 South International Parkw, Lake Mary, FL (877) 366-2213
Listing date Jun 12, 2026
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.
Located at 475 Umatilla Boulevard in Umatilla, Florida, the property sits on a 0.53-acre lot and totals 10,080 square feet. Public remarks indicate the building is zoned “C” and that it is currently 100% occupied with long-term tenants.
For investors or operators seeking a stabilized rental setup, the combination of unit mix, in-unit laundry, and completed interior and systems upgrades is positioned to support day-to-day leasing. The zoning information provided also notes suitability for both short-term and long-term rental strategies, offering flexibility depending on ownership goals.
Key Highlights
- Fully renovated 16‑unit multifamily property, currently 100% occupied with long‑term tenants
- Unit mix: 4 two‑bedroom/one‑bath, 11 one‑bedroom/one‑bath, and 1 studio; each unit includes in‑unit laundry
- Extensive upgrades include updated electrical, newer HVAC units, and upgraded water heaters
Local Financial Insights For Apartment 5plus
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 | $240.7k | $23.88 |
| − Vacancy | −$15.6k | −$1.55 |
| EGI | $225.1k | $22.33 |
| − OpEx | −$101.3k | −$10.05 |
| NOI | $123.8k | $12.28 |
