Two-Unit Duplex with
For Sale
$374,900
24 & 26 KRISTIN LANE 24 & 26, Eustis, FL 32726
Both residences offer two bedrooms, two bathrooms, indoor laundry, and fenced yards.
Property Size2,444 SF
Price / SF$153.40
Days on Market833
Property Features for 24 & 26 KRISTIN LANE 24 & 26
General Information
Standard status
Active
Size
2,444 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,912
Amenities
carport
porch
indoor laundry
fenced backyard
Building Details
Year Built
1985
Listing Agency:
SLOANE REALTY, LLC
(407) 758-3166
Listed By:
Matt White · License #3106449
(407) 758-3166
Source:
Exitrealty
Added: May 21, 2024
Changed: Aug 31
Last Checked: Aug 31 at 5:57PM
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 SLOANE REALTY, LLC
Investment Insights
Based on property information with market context.
Built in 1985, this 2,444-square-foot duplex contains two separate residences, each configured with two bedrooms and two bathrooms. Both sides include a kitchen with pantry and cabinet storage, indoor laundry, a carport, a porch, and a fenced backyard with mature shade. Unit 24 is leased, while Unit 26 is leased through 8/31/25.
The property includes copper supply plumbing, PVC waste lines, HVAC systems installed in 2015, and water heaters dating to 2014 and 2019. The roof is approximately 10 years old, and the major systems are described as operational. Located in Eustis, the duplex is near lakes and conservation areas with access to outdoor recreation opportunities.
The property includes copper supply plumbing, PVC waste lines, HVAC systems installed in 2015, and water heaters dating to 2014 and 2019. The roof is approximately 10 years old, and the major systems are described as operational. Located in Eustis, the duplex is near lakes and conservation areas with access to outdoor recreation opportunities.
Key Highlights
- 2,444‑square‑foot duplex with two separate 2‑bedroom, 2‑bathroom residences
- Each unit includes a carport, porch, kitchen pantry, cabinet storage, and indoor laundry
- Fenced backyards with mature natural shade
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
$32,597
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
8.69%
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%
$651,940
$651.9K
Cap Rate 7%
$465,671
$465.7K
Cap Rate 9%
$362,189
$362.2K
Market Conditions
NOI Build-Up for 2,444 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
$49.9K $20.40/SF
− Vacancy
−$3.3K −$1.35/SF
EGI
$46.6K $19.05/SF
− OpEx
−$14.0K −$5.72/SF
NOI
$32.6K $13.34/SF
Area
Lake County, FL
Vacancy
6.60%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
30.00%
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%
$651,940
Cap Rate 7%
$465,671
Cap Rate 9%
$362,189
Alternative Uses
Best Use
Multifamily LT 5
$465.7K
$407.5K – $543.3K
NOI $32,597 @ 7.0% cap · market cap 8.69%
Second Best
Apartment 5plus
$428.8K
$375.2K – $500.2K
NOI $30,013 @ 7.0% cap · market cap 8.01%
Theoretical Best
Office A
$695.5K
$608.6K – $811.4K
NOI $48,684 @ 7.0% cap · market cap 12.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
64
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer two bedrooms, two bathrooms, indoor laundry, and fenced yards.
Where is this duplex located?
The property is located at 24 & 26 KRISTIN LANE 24 & 26 Eustis, FL.
What is the asking price?
The asking price for this property is $374,900.
What are key features of this property?
This property features: 2,444‑square‑foot duplex with two separate 2‑bedroom, 2‑bathroom residences; Each unit includes a carport, porch, kitchen pantry, cabinet storage, and indoor laundry; Fenced backyards with mature natural shade
