3-Unit Triplex with Private
220 RIDGECREST Loop, Minneola, FL 34715
For Sale
$619,900
Residential Income, MINNEOLA, FL
Property Size2,700 SF
Lot Size0.26 Acres
Price / SF$229.59
Days on Market220
Property Features for 220 RIDGECREST Loop
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Window features
Pets allowed
Interior features
Subdivision
Directions
Standard status
APN
Size
Lot size
Additional Details
Individually Metered Utilities
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
private backyard
laundry
tile flooring
ceiling fans
updated vanities
eat-in kitchens
vaulted ceilings
Building Details
Year built
Floors in Building
Building materials
Roof type
Buildings
Listing Agency:
RE/MAX PRIME PROPERTIES · RE/MAX International
(407) 347-4512
Listed By:
Steven Horner · License #3262014
(321) 226-8499
Added: Apr 1
Changed: Nov 6
Last Checked: Nov 6 at 11:06PM
MLS# O6395627
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.
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Investment Insights
Based on property information with market context.
This 2,700-square-foot triplex contains three separate residences, each configured with two bedrooms and one full bathroom. Individual laundry and backyard areas serve each unit. Interior features include tile flooring, vaulted ceilings, ceiling fans, and eat-in kitchen space. The property sits on a 0.26-acre lot and has an extended driveway with multiple parking spaces.
Each unit has separate water and electric meters, along with newer HVAC equipment and water heaters. The roof was fully replaced in August 2025, and front windows and patio sliding doors have been updated. The property is served by public water and two septic systems, and is zoned RMF-1. There is no HOA.
Each unit has separate water and electric meters, along with newer HVAC equipment and water heaters. The roof was fully replaced in August 2025, and front windows and patio sliding doors have been updated. The property is served by public water and two septic systems, and is zoned RMF-1. There is no HOA.
Key Highlights
- Three residences, each with 2 bedrooms and 1 full bathroom
- 2,700 square feet on a 0.26‑acre lot
- Separate water and electric meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,011
Cap Rate
5.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$720,220
$720.2K
Cap Rate 7%
$514,443
$514.4K
Cap Rate 9%
$400,122
$400.1K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$55.1K $20.40/SF
− Vacancy
−$3.6K −$1.35/SF
EGI
$51.4K $19.05/SF
− OpEx
−$15.4K −$5.72/SF
NOI
$36.0K $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 Rate 5%
$720,220
Cap Rate 7%
$514,443
Cap Rate 9%
$400,122
Alternative Uses
Best Use
Multifamily LT 5
$514.4K
$450.1K – $600.2K
NOI $36,011 @ 7.0% cap · market cap 5.81%
Second Best
Apartment 5plus
$473.7K
$414.5K – $552.6K
NOI $33,157 @ 7.0% cap · market cap 5.35%
Theoretical Best
Office A
$768.3K
$672.3K – $896.4K
NOI $53,784 @ 7.0% cap · market cap 8.68%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
3
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
443
Businesses Nearby
Explore this area
Business Placement
Demographics for 34715, FL
22,763
Population
8,877
Households
2.6
Avg Household Size
40
Median Age
27%
College-Educated
89%
High-School Grad
31.5 sq mi
ZIP Area
723
Density / Sq Mi
$97,644
Median Household Income
$46,750
Median Earnings
$2,067
Median Rent
$407,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Each residence includes two bedrooms, a full bath, laundry, and its own backyard area.
Where is this triplex located?
The property is located at 220 RIDGECREST Loop Minneola, FL.
What is the asking price?
The asking price for this property is $619,900.
What are key features of this property?
This property features: Three residences, each with 2 bedrooms and 1 full bathroom; 2,700 square feet on a 0.26‑acre lot; Separate water and electric meters for each unit
