Updated Residential Income
204 LOUIS Street Leesburg, FL 34748
New
For Sale
$345,000
MULTI_FAMILY - LEESBURG, FL
Property Size1,840 SF
Lot Size0.21 Acres
Price / SF$187.50
Days on Market3
Property Features for 204 LOUIS Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- R-1
- Interior features
- Ceiling Fans(s)
- Exterior features
- Fence, Private Yard
- Fencing
- Fenced
- Standard status
- Active
- APN
- 27-19-24-1200-00C-01800
- Size
- 1,840 SF
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LEESBURG LAKEWOOD PARK LOT 18 BLK C PB 12 PG 63 ORB 6123 PG 86
- Tax Annual Amount
- 2513
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1954
- Floors in Building
- 1
- Building materials
- Block
- Roof type
- Shingle, Membrane
Listing Agency:
CHARLES RUTENBERG REALTY ORLANDO
(407) 622-2122
Listed By:
Husain Jaffer · License #3293364
(407) 923-7642
Added: Jul 23
Changed: Jul 25
Last Checked: Jul 25 at 1:06PM
MLS# O6427592
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This residential income property is set up as a duplex-style configuration, with a main house plus an additional 4th bedroom being rented as a studio. The home has been fully updated cosmetically and is described as move-in ready for the next owner. The property also features a fenced lot and reported improvements including a 2025 AC and water heater, with the roof described as in great shape.
Located in Leesburg, Florida in an R-1 zoning area, the offering is occupied. Current tenants have a lease through Sept 2027 and request that appointments be scheduled in advance; please do not disturb.
Additional details provided include a lot size listed as over 9,000 square feet and a total property size of 1,840 square feet.
Located in Leesburg, Florida in an R-1 zoning area, the offering is occupied. Current tenants have a lease through Sept 2027 and request that appointments be scheduled in advance; please do not disturb.
Additional details provided include a lot size listed as over 9,000 square feet and a total property size of 1,840 square feet.
Key Highlights
- 4‑bedroom home on an over 9,000+ sq ft fenced lot with a private yard
- Net income reported at 8.1%: $2,900 gross per month per public remarks
- Includes a 4th bed rented as a studio plus the main house, with tenants under a lease through Sept 2027
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 | $37.5k | $20.40 |
| − Vacancy | −$2.5k | −$1.35 |
| EGI | $35.1k | $19.05 |
| − OpEx | −$10.5k | −$5.72 |
| NOI | $24.5k | $13.34 |
1,840 SF · lease $20.40/SF/yr · vacancy 6.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$350.6K
$306.8K – $409.0K
NOI $24,541 @ 7.0% cap · market cap 7.11%
Second Best
Apartment 5plus
$322.8K
$282.5K – $376.6K
NOI $22,596 @ 7.0% cap · market cap 6.55%
Theoretical Best
Office A
$523.6K
$458.2K – $610.9K
NOI $36,653 @ 7.0% cap · market cap 10.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Cosmetically updated residential income property with fenced lot, 2025 AC and water heater, and a tenant lease through Sept 2027.
Where is this duplex located?
The property is located at 204 LOUIS Street Leesburg, FL.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: 4‑bedroom home on an over 9,000+ sq ft fenced lot with a private yard; Net income reported at 8.1%: $2,900 gross per month per public remarks; Includes a 4th bed rented as a studio plus the main house, with tenants under a lease through Sept 2027
