Two-Unit
238 CHESTNUT Street, Clermont, FL 34711
For Sale
New
$275,000
Residential Income, CLERMONT, FL
Property Size884 SF
Lot Size0.12 Acres
Price / SF$311.09
Days on Market2
Property Features for 238 CHESTNUT Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Pets allowed
Interior features
Exterior features
Appliances
Subdivision
Lot features
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Water source
Building Details
Year built
Floors in Building
Building materials
Roof type
Buildings
Listing Agency:
KELLER WILLIAMS ELITE PARTNERS III REALTY · Keller Williams Realty
(321) 527-5111
Listed By:
Brandie Mathison-Klein · License #3039546
(407) 488-3446
Added: Nov 6
Changed: Nov 7
Last Checked: Nov 7 at 6:06PM
MLS# G5119905
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 884-square-foot duplex contains two one-bedroom, one-bathroom apartments. Unit A is vacant and has updated flooring, kitchen, and bathroom finishes. Unit B is occupied by a tenant and was renovated in 2019. The building dates to 1960 and features block construction, a membrane roof, electric heat, and open parking. Public water and sewer serve the property, which has a 0.12-acre lot and no HOA.
Located on Chestnut Street in Clermont, the property is zoned C-1. Recent exterior work includes a roof installed in October 2026 and exterior painting in 2026. Appliances include a range and refrigerator; other noted features include ceiling fans and a sidewalk.
Located on Chestnut Street in Clermont, the property is zoned C-1. Recent exterior work includes a roof installed in October 2026 and exterior painting in 2026. Appliances include a range and refrigerator; other noted features include ceiling fans and a sidewalk.
Key Highlights
- Two 1‑bedroom, 1‑bathroom apartments in an 884‑square‑foot duplex
- Unit A is vacant with updated flooring, kitchen, and bathroom
- Unit B is tenant‑occupied; renovation completed in 2019
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,790
Cap Rate
4.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$235,800
$235.8K
Cap Rate 7%
$168,429
$168.4K
Cap Rate 9%
$131,000
$131.0K
Market Conditions
NOI Build-Up for 884 SF
Gross rent
$18.0K $20.40/SF
− Vacancy
−$1.2K −$1.35/SF
EGI
$16.8K $19.05/SF
− OpEx
−$5.1K −$5.72/SF
NOI
$11.8K $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%
$235,800
Cap Rate 7%
$168,429
Cap Rate 9%
$131,000
Alternative Uses
Best Use
Multifamily LT 5
$168.4K
$147.4K – $196.5K
NOI $11,790 @ 7.0% cap · market cap 4.29%
Second Best
Apartment 5plus
$155.1K
$135.7K – $180.9K
NOI $10,856 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$251.6K
$220.1K – $293.5K
NOI $17,609 @ 7.0% cap · market cap 6.40%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,156
Businesses Nearby
Explore this area
Business Placement
Demographics for 34711, FL
67,980
Population
28,127
Households
2.4
Avg Household Size
45
Median Age
36%
College-Educated
95%
High-School Grad
39.2 sq mi
ZIP Area
1,734
Density / Sq Mi
$88,474
Median Household Income
$46,456
Median Earnings
$1,817
Median Rent
$369,900
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Lake County, FL
Properties on Market for Duplexes in Lake County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The two-unit layout pairs a vacant, updated apartment with a tenant-occupied unit and C-1 zoning.
Where is this duplex located?
The property is located at 238 CHESTNUT Street Clermont, FL.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two 1‑bedroom, 1‑bathroom apartments in an 884‑square‑foot duplex; Unit A is vacant with updated flooring, kitchen, and bathroom; Unit B is tenant‑occupied; renovation completed in 2019
