Leesburg Quadruplex Investment
643 W OAK TERRACE DRIVE, Leesburg, FL 34748
- Added:
- Jan 24, 2026
- Days on Market:
- 123
- Last Refresh:
- May 27 at 12:06 pm
Property Features for 643 W OAK TERRACE DRIVE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Zoning
- R-2
- Bedrooms
- 8
- Rooms
- Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Pets allowed
- Yes
- Exterior features
- Fence
- Fencing
- Fenced
- Standard status
- Pending
- APN
- 23-19-24-1630-000-0030B
- Size
- 4,356 SF
- Lot size
- 0.01 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 1068
- Expense value
- 1312
- Expense
- Home Owner Assessments Fee
- Expense freq.
- Monthly
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1980
- Number of units
- 4
- Building materials
- Block
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Jonathan Martin License #3402836 (407) 443-5491
Listing office CARLINO REAL ESTATE GROUP INC 1001 S 14th Street, Leesburg, FL (352) 326-2662
Listing date Jan 24, 2026
MLS# G5107035
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 four 2BR/2BA condos, perfect for immediate rental income.
- Located in fast‑growing Lake County, Florida, suggesting strong rental demand.
- Close to Beacon College, UF Hospital, public transportation, and historic downtown Leesburg.
- Low‑maintenance ownership: HOA covers exterior upkeep, lawn care, and common area insurance.
- Spacious split‑bedroom floor plan in each unit with private screened patios and in‑unit washer/dryer hookups.
- Offers flexibility: consistent rental income from all four units or owner‑occupancy with income from three units.
Overview
This income-producing property features four 2-bedroom, 2-bathroom condos, each approximately 1,089 square feet. The units include a split-bedroom floor plan, private screened patios, and in-unit washer/dryer hookups. The Homeowners Association (HOA) provides low-maintenance ownership, covering exterior walls and roof maintenance, lawn care, and common area insurance. Each unit has an assigned on-site parking space, with an additional four open, unassigned spaces available. The property is zoned R-2 and is located near Beacon College, UF Hospital, public transportation, and historic downtown Leesburg, offering residents access to local restaurants, shops, and Ski Beach/Venetian Gardens Park on Lake Harris. This property is located in Lake County, which is experiencing rapid population growth and an increased need for rental units and affordable housing. This property is suitable for investors seeking consistent rental income from all four units or for an owner-occupant looking to live in one unit and receive income from the remaining three units. The lot size is 0.01 acres.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Leesburg
- County
- Lake
- State
- Florida
- Longitude
- -81.8779701
- Latitude
- 28.8188258
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Income-producing quadruplex near Beacon College and historic downtown Leesburg.
Where is this quadplex located?
The property is located at 643 W OAK TERRACE DRIVE Leesburg, FL.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Income‑producing property featuring four 2BR/2BA condos, perfect for immediate rental income.; Located in fast‑growing Lake County, Florida, suggesting strong rental demand.; Close to Beacon College, UF Hospital, public transportation, and historic downtown Leesburg.
