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Eustis Quad-Plex with Storage Units

426 Citrus Ave, Eustis, FL 32726

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For Sale

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Turnkey investment opportunity: quad-plex plus four storage rental units.

Type:Multifamily

Property size:

2,592 SF

Price / SF:

$189/SF

HighLights

Turnkey quad‑plex apartment building with additional 4‑unit storage rental, 100% occupied with annual leases.
Currently delivering a 6.16% CAP Rate with additional revenue potential.
Located in the historic district of Eustis, just 3 blocks from downtown, offering convenient access to amenities.
All units fully remodeled and updated in 2019.
Includes a detached 4‑unit rental storage building generating $500 monthly income.
No HOA fees.

We can help!

Contact an agent

Joel Bornstein

For Sale

Contact for pricing

Turnkey investment opportunity: quad-plex plus four storage rental units.

Type:Multifamily

Property size:

2,592 SF

Price / SF:

$189/SF

Added:: Jan 26, 2026
Days on Market:: 152
Last Refresh:: Mar 16 at 1:39 pm

Property Features for 426 Citrus Ave

General Information

Standard status: Active
Size: 2,592 SF
Property subtype: Multifamily

Building Details

Year Built: 1925

We can help!

Contact an agent

Joel Bornstein

Listing office Rock Springs Realty

Listing date Jan 26, 2026

Source Crexi

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 Rock Springs Realty

HighLights

Turnkey quad‑plex apartment building with additional 4‑unit storage rental, 100% occupied with annual leases.
Currently delivering a 6.16% CAP Rate with additional revenue potential.
Located in the historic district of Eustis, just 3 blocks from downtown, offering convenient access to amenities.
All units fully remodeled and updated in 2019.
Includes a detached 4‑unit rental storage building generating $500 monthly income.
No HOA fees.

Overview

This is a quad-plex apartment building with four storage rental units located in Eustis, Florida. Situated in the historic district of Eustis, it is just three blocks from downtown. The property is currently delivering a 6.16% CAP Rate with additional revenue potential. This turnkey investment opportunity is 100% occupied, and all tenants are on annual leases. There is no HOA. The city provides water and sewer services. Each unit includes living and dining rooms, a full kitchen, a full bathroom, a primary bedroom, a bonus bedroom, and a rear porch. Each unit has two dedicated parking spaces. All units were fully remodeled and updated in 2019. The property also includes a detached four-unit rental storage building with roll-up doors that generates $500.00 in monthly income. The property is located within close proximity and walking distance to Downtown Eustis and Bay Street, Lake Eustis lakefront, lots of restaurants, shops, city parks and just 5-minutes to the Lake County Mall, Target, Walmart, etc. and a variety of other conveniences for the tenants and their guests. The property size is 2592 square feet. The quad-plex next door is also listed for sale.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$52.9k	$20.40
− Vacancy	−$3.5k	−$1.35
EGI	$49.4k	$19.05
− OpEx	−$14.8k	−$5.72
NOI	$34.6k	$13.34

2,592 SF · lease $20.40/SF/yr · vacancy 6.60% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$493.9K

$432.1K – $576.2K (±1% cap)

NOI $34,571 @ 7.0% cap · market cap 7.06%

Second Best

Apartment 5plus

$454.7K

$397.9K – $530.5K (±1% cap)

NOI $31,831 @ 7.0% cap · market cap 6.50%

Theoretical Best

Office A

$737.6K

$645.4K – $860.6K (±1% cap)

NOI $51,633 @ 7.0% cap · market cap 10.54%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Location Insight

Map
Local Demand

City: Eustis
County: Lake
State: Florida
Longitude: -81.6805498
Latitude: 28.8515332

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View Details

For sale
Quadplexes
FL
Eustis
32726
426 Citrus Ave

What type of property is this?

Quadplex - Turnkey investment opportunity: quad-plex plus four storage rental units.

Where is this quadplex located?

The property is located at 426 Citrus Ave Eustis, FL.

What is the asking price?

The asking price for this property is $490,000.

What are key features of this property?

This property features: Turnkey quad‑plex apartment building with additional 4‑unit storage rental, 100% occupied with annual leases.; Currently delivering a **6.16% CAP Rate** with additional revenue potential.; Located in the historic district of Eustis, just 3 blocks from downtown, offering convenient access to amenities.