Block-Construction
238 CHESTNUT STREET A & B, Clermont, FL 34711
For Sale
New
$275,000
Two one-bedroom residences include a recently updated vacant unit and a tenant-occupied unit.
Property Size884 SF
Price / SF$311.09
Days on Market6
Property Features for 238 CHESTNUT STREET A & B
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Utilities to Site
Tenant in Place
Amenities
0.12 acres, City Limits, Sidewalk, Paved
Membrane
Public Sewer
Additional parcels description:, Parcel Number: 24-22-25-0100-017-01800, Public Survey Range: 25, Public Survey Section: 24, Annual Amount: $3,157, Tax Block: 017, Tax Book Number: 8-17, Legal Description: CLERMONT LOT 18 BLK 17 PB 8 PG 17 ORB 5431 PG 899, Lot: 18, Year: 2025, Zoning: C-1
Mini-Split Unit(s)
Electric
Listing ID: MFRG5119905, Standard Status: Active, MLS Status: Active, Property Subtype: Duplex, On market as of 2026-11-06, 1 day on market, Special Conditions: None
Open
2 total bedrooms
Built in 1960, Living area: 884, Living area units: Square Feet, Levels: One, Construction Materials: Block
Subdivision: CLERMONT, MLS Area (Major): 34711 - Clermont, County/Parish: Lake
2 total bathrooms
Electricity Connected, Sewer Connected, Water Connected, Water Source: Public
Slab
Allowed: Yes
Road Surface: Asphalt
Sidewalk
Ceiling Fans(s)
Range, Refrigerator
Building Details
Year Built
Construction
Listing Agency:
KELLER WILLIAMS ELITE PARTNERS III REALTY
(321) 527-5111
Listed By:
Brandie Mathison-Klein · License FL #3039546
(407) 488-3446
Source:
Miharaandassociates
Added: Nov 6
Changed: Nov 10
Last Checked: Nov 10 at 2:26PM
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 KELLER WILLIAMS ELITE PARTNERS III REALTY
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 884 SF duplex contains two separate one-bedroom, one-bathroom units. One residence is vacant and has updated flooring, kitchen finishes, and a renovated bathroom; the other is occupied by a tenant and received renovations in 2019. The building has block construction and public utilities, with no HOA. A new roof and exterior paint were completed in 2026.
The property is on Chestnut Street in Clermont, near Historic Downtown Clermont, retail, restaurants, parks, and everyday services.
The property is on Chestnut Street in Clermont, near Historic Downtown Clermont, retail, restaurants, parks, and everyday services.
Key Highlights
- Two units, each with 1 bedroom and 1 bathroom
- 884 SF duplex with block construction and public utilities
- Vacant unit updated with luxury vinyl plank flooring, kitchen, and bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,207
Cap Rate
3.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$204,140
$204.1K
Cap Rate 7%
$145,814
$145.8K
Cap Rate 9%
$113,411
$113.4K
Market Conditions
NOI Build-Up for 884 SF
Gross rent
$15.4K $17.40/SF
− Vacancy
−$800 −$0.90/SF
EGI
$14.6K $16.50/SF
− OpEx
−$4.4K −$4.95/SF
NOI
$10.2K $11.55/SF
Area
Lake County, FL
Vacancy
5.20%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$204,140
Cap Rate 7%
$145,814
Cap Rate 9%
$113,411
Alternative Uses
Best Use
Multifamily LT 5
$145.8K
$127.6K – $170.1K
NOI $10,207 @ 7.0% cap · market cap 3.71%
Second Best
Apartment 5plus
$132.1K
$115.6K – $154.1K
NOI $9,244 @ 7.0% cap · market cap 3.36%
Theoretical Best
Office A
$285.1K
$249.4K – $332.6K
NOI $19,954 @ 7.0% cap · market cap 7.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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
$369,900
Median Home Value
Market
Average Price Trend$/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 - Two one-bedroom residences include a recently updated vacant unit and a tenant-occupied unit.
Where is this duplex located?
The property is located at 238 CHESTNUT STREET A & B 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 units, each with 1 bedroom and 1 bathroom; 884 SF duplex with block construction and public utilities; Vacant unit updated with luxury vinyl plank flooring, kitchen, and bathroom
