Eustis Triplex Investment
525 E ORANGE AVENUE Eustis, FL 32726
525 E ORANGE AVENUE, Eustis, FL, 32726
$429,000
Pending
For Sale
$429,000
Pending
Income-producing triplex near downtown Eustis with strong rental potential.
Property Size2,386 SF
Days on Market440
Property Features for 525 E ORANGE AVENUE
General Information
- Standard status
- Pending
- Size
- 2,386 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1953
Listing Agency
NARROW ROAD REALTY
(352) 931-4117
Listed by
Braden Verkaik · License #3601219
(352) 931-4117
Source
Exitrealty
Added: May 6, 2025 Checked: Jul 17 at 5:29 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NARROW ROAD REALTY
Investment Insights
Based on property information with market context.
Located minutes from downtown Eustis, this triplex at 525 E Orange Ave presents an investment opportunity. The property is fully occupied and income-producing, making it suitable for investors or house-hackers. A new roof was installed in 2024. The triplex includes Unit A, a 3-bedroom, 1-bath unit with an open layout, and Units B and C, each featuring 2 bedrooms and 1 bath with living spaces. A 2-car garage is included, with potential for a fourth unit. The property also features a shared laundry room for tenants attached to the garage, separate electric meters, and private entrances. Situated on a generously sized fenced lot, the property is located in a growing area of Lake County, close to schools, parks, shopping, and public transit, with easy access to US-441. The property size is 2386 square feet.
Key Highlights
- Income‑producing triplex, fully occupied.
- New roof installed in 2024.
- Located minutes from downtown Eustis in a growing area.
Local 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 | $48.7k | $20.40 |
| − Vacancy | −$3.2k | −$1.35 |
| EGI | $45.5k | $19.05 |
| − OpEx | −$13.6k | −$5.72 |
| NOI | $31.8k | $13.34 |
2,386 SF · lease $20.40/SF/yr · vacancy 6.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$454.6K
$397.8K – $530.4K
NOI $31,823 @ 7.0% cap · market cap 7.42%
Second Best
Apartment 5plus
$418.6K
$366.3K – $488.4K
NOI $29,301 @ 7.0% cap · market cap 6.83%
Theoretical Best
Office A
$679.0K
$594.1K – $792.2K
NOI $47,529 @ 7.0% cap · market cap 11.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Income-producing triplex near downtown Eustis with strong rental potential.
Where is this triplex located?
The property is located at 525 E ORANGE AVENUE Eustis, FL.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Income‑producing triplex, fully occupied.; New roof installed in 2024.; Located minutes from downtown Eustis in a growing area.
