Updated Triplex with Private
For Sale
$349,000
708 N SAINT CLAIR ABRAMS Avenue, Tavares, FL 32778
Residential Income, TAVARES, FL
Property Size2,549 SF
Lot Size0.25 Acres
Price / SF$136.92
Days on Market202
Property Features for 708 N SAINT CLAIR ABRAMS Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
RMF-2
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Laundry Room, Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 3
Patio and Porch features
Patio
Pets allowed
Dogs OK, Cats OK
Interior features
Ceiling Fans(s), Eat-in Kitchen
Exterior features
Private Mailbox, Private Yard, Storage
Appliances
Cooktop, Range, Range Hood, Refrigerator
Subdivision
TAVARES NUTTS SUB
Lot features
City Limits, Level, Paved
Elementary school
Tavares Elem
Middle school
Tavares Middle
High school
Tavares High
Directions
From US-441 in Tavares, head east on E Burleigh Boulevard. Turn left onto N Saint Clair Abrams Avenue. Continue north-property will be on your right at 708 N Saint Clair Abrams Ave.
Standard status
Active
APN
29-19-26-0900-094-00400
Size
2,549 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
TAVARES NUTT'S SUB LOT 5 S 35 FT OF LOT 4 BLK 94 PB 5 PG 51 ORB 4588 PG 1279 ORB 6331 PG 1352
Tax Annual Amount
4220
Legal Description
TAVARES NUTT'S SUB LOT 5 S 35 FT OF LOT 4 BLK 94 PB 5 PG 51 ORB 4588 PG 1279 ORB 6331 PG 1352
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
front & rear parking
laundry
fenced yards with patios
separate private entrances
Building Details
Year built
1949
Floors in Building
1
Number of units
3
Flooring type
Tile
Building materials
Concrete
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
ALL REAL ESTATE & INVESTMENTS
(407) 917-8206
Listed By:
Yvette Hoover · License #3497170
(352) 474-7202
Added: Feb 2
Changed: Aug 20
Last Checked: Aug 23 at 4:06PM
MLS# O6373379
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 RMF-2 triplex contains 2,549 square feet on a 0.25-acre parcel in Tavares. The unit mix includes two two-bedroom, one-bath residences and one one-bedroom, one-bath residence, with separate entrances for each. Electrical systems have been updated, and all three units have new water heaters. Interior features include tile flooring, ceiling fans, eat-in kitchens, central air, and electric heating. Unit A includes indoor laundry, Unit B has laundry in an exterior shed, and Units A and C offer fenced yards with patios.
The property is located at 708 N Saint Clair Abrams Avenue in Tavares, Florida, near shopping, dining, and major roadways. Front and rear parking, private mailboxes, storage, public water, and public sewer are included. The building was constructed in 1949 and has a shingle roof, concrete construction, and appliances including cooktops, ranges, range hoods, and refrigerators.
The property is located at 708 N Saint Clair Abrams Avenue in Tavares, Florida, near shopping, dining, and major roadways. Front and rear parking, private mailboxes, storage, public water, and public sewer are included. The building was constructed in 1949 and has a shingle roof, concrete construction, and appliances including cooktops, ranges, range hoods, and refrigerators.
Key Highlights
- 2,549‑square‑foot triplex on 0.25 acres
- Unit mix includes two 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit
- RMF‑2 zoning in Tavares, FL
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
$31,302
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
8.97%
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%
$626,040
$626.0K
Cap Rate 7%
$447,171
$447.2K
Cap Rate 9%
$347,800
$347.8K
Market Conditions
NOI Build-Up for 2,549 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
$60.9K $23.88/SF
− Vacancy
−$4.0K −$1.55/SF
EGI
$56.9K $22.33/SF
− OpEx
−$25.6K −$10.05/SF
NOI
$31.3K $12.28/SF
Area
Lake County, FL
Vacancy
6.50%
Lease Rate
$23.88 /SF/Yr
Expense Ratio
45.00%
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%
$626,040
Cap Rate 7%
$447,171
Cap Rate 9%
$347,800
Alternative Uses
Best Use
Multifamily LT 5
$485.7K
$425.0K – $566.6K
NOI $33,997 @ 7.0% cap · market cap 9.74%
Second Best
Apartment 5plus
$447.2K
$391.3K – $521.7K
NOI $31,302 @ 7.0% cap · market cap 8.97%
Theoretical Best
Office A
$725.4K
$634.7K – $846.3K
NOI $50,776 @ 7.0% cap · market cap 14.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
909
Businesses Nearby
Explore this area
Business Placement
Demographics for 32778, FL
23,993
Population
12,720
Households
1.9
Avg Household Size
52
Median Age
25%
College-Educated
88%
High-School Grad
25.4 sq mi
ZIP Area
945
Density / Sq Mi
$61,815
Median Household Income
$40,942
Median Earnings
$1,384
Median Rent
$241,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three separately accessed units with parking, patios, and flexible month-to-month leasing potential.
Where is this triplex located?
The property is located at 708 N SAINT CLAIR ABRAMS Avenue Tavares, FL.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 2,549‑square‑foot triplex on 0.25 acres; Unit mix includes two 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit; RMF‑2 zoning in Tavares, FL
