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Leesburg Duplex Near Historic District

1317 MAIN STREET, Leesburg, FL 34748

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For Sale

$395,900

Well-maintained two-unit property in downtown Leesburg with recent upgrades.

Type:Commercial

Property size:

1,960 SF

Lot size:

0.14 Acres

Price / SF:

$201/SF

HighLights

Two separate units, each with private entrances, offering rental income potential or multi‑generational living.
Fully remodeled units with laminate floors, new appliances, and fresh paint.
Prime downtown Leesburg location near the historic district.
New metal roof (2024) and newer AC units (2nd floor 2025, 1st floor 2018).
Upgraded kitchens and bathrooms in both units.
In‑unit laundry for both units.

We can help!

Listing Contact

NOEL LAWRENCE

For Sale

$395,900

Well-maintained two-unit property in downtown Leesburg with recent upgrades.

Type:Commercial

Property size:

1,960 SF

Lot size:

0.14 Acres

Price / SF:

$201/SF

Added:: Sep 27, 2025
Days on Market:: 258
Last Refresh:: May 10 at 9:10 pm

Property Features for 1317 MAIN STREET

General Information

Standard status: Active
Size: 1,960 SF
Lot size: 0.14 Acres
Property subtype: Commercial

Building Details

Year Built: 1910

We can help!

Listing Contact

NOEL LAWRENCE

Listing agent NOEL LAWRENCE

Listing office TRI COAST REALTY LLC

Listing date Sep 27, 2025

Source Corcoran

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 TRI COAST REALTY LLC

HighLights

Two separate units, each with private entrances, offering rental income potential or multi‑generational living.
Fully remodeled units with laminate floors, new appliances, and fresh paint.
Prime downtown Leesburg location near the historic district.
New metal roof (2024) and newer AC units (2nd floor 2025, 1st floor 2018).
Upgraded kitchens and bathrooms in both units.
In‑unit laundry for both units.

Overview

Located in downtown Leesburg, near the historic district, this well-maintained two-story property features two units, each with separate front and rear entrances. The first floor includes a gathering room with an electric fireplace and large closet, providing access to two private rooms. It also hosts a recently upgraded kitchen and a full bath that has also been upgraded. A wash and dryer are located near the rear exit. The second floor features a large living room, three bedrooms, an eat-in kitchen, a laundry closet, and a full bathroom. Both units are fully remodeled with laminate floors, new appliances, and fresh paint. The property has a metal roof installed in 2024, and the second-floor AC unit is scheduled for replacement in 2025, while the first-floor AC unit was installed in 2018. The property offers an investment opportunity.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$40.0k	$20.40
− Vacancy	−$2.6k	−$1.35
EGI	$37.3k	$19.05
− OpEx	−$11.2k	−$5.72
NOI	$26.1k	$13.34

1,960 SF · lease $20.40/SF/yr · vacancy 6.60% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$373.5K

$326.8K – $435.7K (±1% cap)

NOI $26,142 @ 7.0% cap · market cap 6.60%

Second Best

Apartment 5plus

$343.8K

$300.9K – $401.2K (±1% cap)

NOI $24,069 @ 7.0% cap · market cap 6.08%

Theoretical Best

Office A

$557.8K

$488.0K – $650.7K (±1% cap)

NOI $39,043 @ 7.0% cap · market cap 9.86%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Leesburg
County: Lake
State: Florida
Longitude: -81.8866
Latitude: 28.811

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For sale
Duplexes
FL
Leesburg
34748
1317 MAIN STREET

What type of property is this?

Duplex - Well-maintained two-unit property in downtown Leesburg with recent upgrades.

Where is this duplex located?

The property is located at 1317 MAIN STREET Leesburg, FL.

What is the asking price?

The asking price for this property is $395,900.

What are key features of this property?

This property features: Two separate units, each with private entrances, offering rental income potential or multi‑generational living.; Fully remodeled units with laminate floors, new appliances, and fresh paint.; Prime downtown Leesburg location near the historic district.