Two-Unit Duplex
2278 MAINE STREET Eustis, FL 32726
2278 MAINE STREET, Eustis, FL, 32726
$229,000
For Sale
$229,000
Duplex with two 1-bedroom, 1-bath apartments and attached carports, sold as-is and needing updates.
Property Size1,408 SF
Lot Size0.50 Acres
Price / SF$162.64
Days on Market506
Property Features for 2278 MAINE STREET
General Information
- Standard status
- Active
- Size
- 1,408 SF
- Lot size
- 0.50 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1958
Listing agency
LPT REALTY, LLC
(419) 351-3755
Listed by
Jami Robinson · License #3425886
(419) 351-3755
Source
Exitrealty
Added: Mar 3, 2025 Updated: Jul 21 at 7:50AM Checked: Jul 21 at 7:50AM
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 LPT REALTY, LLC
Investment Insights
Based on property information with market context.
This duplex includes two separate 1-bedroom, 1-bath apartments. Each unit has an attached carport. Unit 1 is noted to have central heat and air. The property sits on nearly half an acre with a chainlink-fenced backyard.
The seller states the units need updating and rehab, and notes that Unit 2 has a foundation crack. The property is being sold as-is, where-is, and cash-only.
Overall, the configuration supports straightforward rental use as a two-unit residential income property, with condition identified as the primary consideration for buyers.
The seller states the units need updating and rehab, and notes that Unit 2 has a foundation crack. The property is being sold as-is, where-is, and cash-only.
Overall, the configuration supports straightforward rental use as a two-unit residential income property, with condition identified as the primary consideration for buyers.
Key Highlights
- Duplex built in 1958 with two 1‑bedroom, 1‑bath apartments
- Each unit has an attached carport
- Almost 1/2‑acre lot with a chainlink‑fenced backyard
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 | $28.7k | $20.40 |
| − Vacancy | −$1.9k | −$1.35 |
| EGI | $26.8k | $19.05 |
| − OpEx | −$8.0k | −$5.72 |
| NOI | $18.8k | $13.34 |
1,408 SF · lease $20.40/SF/yr · vacancy 6.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$268.3K
$234.7K – $313.0K
NOI $18,779 @ 7.0% cap · market cap 8.20%
Second Best
Apartment 5plus
$247.0K
$216.1K – $288.2K
NOI $17,291 @ 7.0% cap · market cap 7.55%
Theoretical Best
Office A
$400.7K
$350.6K – $467.5K
NOI $28,047 @ 7.0% cap · market cap 12.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex with two 1-bedroom, 1-bath apartments and attached carports, sold as-is and needing updates.
Where is this duplex located?
The property is located at 2278 MAINE STREET Eustis, FL.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: Duplex built in 1958 with two 1‑bedroom, 1‑bath apartments; Each unit has an attached carport; Almost 1/2‑acre lot with a chainlink‑fenced backyard
