Quadplex with Rental
426 E CITRUS Avenue, Eustis, FL 32726
For Sale
$469,800
Residential Income, EUSTIS, FL
Property Size2,304 SF
Lot Size0.32 Acres
Price / SF$203.91
Days on Market288
Property Features for 426 E CITRUS Avenue
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Window features
Patio and Porch features
Pets allowed
Interior features
Exterior features
Appliances
Subdivision
Lot features
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Property Use
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Additional Structures
Buildings
Listing Agency:
ROCK SPRINGS REALTY, LLC
(877) 333-2811
Listed By:
Joel Bornstein · License #3211229
(407) 252-8092
Added: Jan 26
Changed: Nov 6
Last Checked: Nov 9 at 4:06AM
MLS# G5107267
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 2,304-square-foot quadplex occupies a 0.32-acre parcel in Eustis. The four residential units were remodeled in 2019, and each includes living and dining areas, a full kitchen, a full bathroom, a primary bedroom, a second bedroom or bonus room, and a rear porch. The property also has a detached storage building with four rental units and roll-up doors. Two dedicated parking spaces are provided.
The property is in Eustis’s historic district, three blocks from downtown. City water and public sewer serve the property. All four residences are occupied under annual leases, with a stated 6.82% cap rate.
The property is in Eustis’s historic district, three blocks from downtown. City water and public sewer serve the property. All four residences are occupied under annual leases, with a stated 6.82% cap rate.
Key Highlights
- Four residential units in a 2,304‑square‑foot building
- Separate rental storage building with 4 units and roll‑up doors
- 0.32‑acre parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,730
Cap Rate
6.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$614,600
$614.6K
Cap Rate 7%
$439,000
$439.0K
Cap Rate 9%
$341,444
$341.4K
Market Conditions
NOI Build-Up for 2,304 SF
Gross rent
$47.0K $20.40/SF
− Vacancy
−$3.1K −$1.35/SF
EGI
$43.9K $19.05/SF
− OpEx
−$13.2K −$5.72/SF
NOI
$30.7K $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%
$614,600
Cap Rate 7%
$439,000
Cap Rate 9%
$341,444
Alternative Uses
Best Use
Multifamily LT 5
$439.0K
$384.1K – $512.2K
NOI $30,730 @ 7.0% cap · market cap 6.54%
Second Best
Apartment 5plus
$404.2K
$353.7K – $471.6K
NOI $28,294 @ 7.0% cap · market cap 6.02%
Theoretical Best
Office A
$655.7K
$573.7K – $764.9K
NOI $45,896 @ 7.0% cap · market cap 9.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
874
Businesses Nearby
Explore this area
Business Placement
Demographics for 32726, FL
23,012
Population
11,168
Households
2.1
Avg Household Size
45
Median Age
21%
College-Educated
88%
High-School Grad
11.5 sq mi
ZIP Area
2,001
Density / Sq Mi
$60,750
Median Household Income
$37,197
Median Earnings
$1,027
Median Rent
$230,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residences are complemented by a separate storage building with roll-up doors.
Where is this quadplex located?
The property is located at 426 E CITRUS Avenue Eustis, FL.
What is the asking price?
The asking price for this property is $469,800.
What are key features of this property?
This property features: Four residential units in a 2,304‑square‑foot building; Separate rental storage building with 4 units and roll‑up doors; 0.32‑acre parcel
