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Six-Unit Apartment Building
New
For Sale
$599,900

527 E LEMON, Eustis, FL 32726

Historic multifamily property near downtown Eustis with a varied residential unit mix and established rental operations.

Property Size5,415 SF
Days on Market7

Property Features for 527 E LEMON

General Information

Standard status Active
Size 5,415 SF
Property subtype Commercial

Units

Unit Mix 1 x 3BR/2BA, 1 x 2BR/1BA, 4 x 1BR/1BA
Multifamily Units 6

Taxes and HOA fees

Annual Taxes $7,283

Building Details

Building Size 5,415 SF
Year Built 1919
Units 6
Listing Agency: ORISON PROPERTIES INC.
Listed By: Stephanie Frederick · License #3157535
Source: Elliman
Added: Aug 26 Changed: Aug 29 Last Checked: Aug 31 at 5:36PM

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 ORISON PROPERTIES INC.

Investment Insights

Based on property information with market context.

This six-unit apartment property dates to 1919 and includes a balanced mix of residential layouts: one three-bedroom, two-bath unit; one two-bedroom, one-bath unit; and four one-bedroom, one-bath units. The configuration provides a range of apartment sizes within a single multifamily asset, while tenant arrangements include both longer-term occupancy and month-to-month tenancy.

The property is located at 527 E Lemon in Eustis, close to historic downtown, waterfront parks, shopping, dining, and entertainment. The area also offers access to major transportation corridors. BikeScore is 38, categorized as Somewhat Bikeable, and WalkScore is 24, categorized as Car-Dependent. Showings are by appointment, and tenants should not be disturbed.

Key Highlights

  • Six residential units in a single multifamily property
  • Built in 1919
  • Unit mix includes one 3‑bedroom/2‑bath, one 2‑bedroom/1‑bath, and four 1‑bedroom/1‑bath units

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Storage Facility (Bike/Boat/Book/etc) Store Catering Service Veterinary Clinic Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

848
Businesses Nearby

Demographics for 32726, FL

23,012
Population
11,168
Households
2.1
Avg Household Size
45
Median Age
21%
College-Educated
88%
High-School Grad
11.5 sq mi
ZIP Area
2,001
Density / Sq Mi
$60,750
Median Household Income
$37,197
Median Earnings
$1,027
Median Rent
$230,400
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Historic multifamily property near downtown Eustis with a varied residential unit mix and established rental operations.
Where is this apartment building located?
The property is located at 527 E LEMON Eustis, FL.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Six residential units in a single multifamily property; Built in 1919; Unit mix includes one 3‑bedroom/2‑bath, one 2‑bedroom/1‑bath, and four 1‑bedroom/1‑bath units
More about this property
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