475 UMATILLA BOULEVARD, Umatilla, FL 32784
Quadruplex - UMATILLA, FL
- Added:
- Jun 12, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 14 at 4:06 am
Property Features for 475 UMATILLA BOULEVARD
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Zoning
- C
- Exterior features
- Level, Paved, Sidewalk
- Standard status
- Active
- APN
- 12-18-26-0600-024-01800
- Size
- 10,080 SF
- Lot size
- 0.53 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 21242.22
Utilities
- Heating system
- Electric (Heating), Heat Pump (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1930
- Number of units
- 16
- Building materials
- Block
- Roof type
- Shake
- Architectural style
- Other
Listing agent Victor Avila License #3372973 (407) 962-5738
Listing office LPT REALTY, LLC 1400 South International Parkw, Lake Mary, FL (877) 366-2213
Listing date Jun 12, 2026
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.
HighLights
- Fully renovated 16‑unit multifamily property, currently 100% occupied with long‑term tenants
- Unit mix: 4 two‑bedroom/one‑bath, 11 one‑bedroom/one‑bath, and 1 studio; each unit includes in‑unit laundry
- Extensive upgrades include updated electrical, newer HVAC units, and upgraded water heaters
- Heating and cooling: electric heating and heat pump, with central air
- Exterior features include level site, paved areas, sidewalk, and block construction; roof is shake
- Zoned for short‑term and long‑term rental strategies
Overview
Located at 475 Umatilla Boulevard in Umatilla, Florida, the property sits on a 0.53-acre lot and totals 10,080 square feet. Public remarks indicate the building is zoned “C” and that it is currently 100% occupied with long-term tenants.
For investors or operators seeking a stabilized rental setup, the combination of unit mix, in-unit laundry, and completed interior and systems upgrades is positioned to support day-to-day leasing. The zoning information provided also notes suitability for both short-term and long-term rental strategies, offering flexibility depending on ownership goals.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $240.7k | $23.88 |
| − Vacancy | −$15.6k | −$1.55 |
| EGI | $225.1k | $22.33 |
| − OpEx | −$101.3k | −$10.05 |
| NOI | $123.8k | $12.28 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Umatilla
- County
- Lake
- State
- Florida
- Longitude
- -81.667923
- Latitude
- 28.932631
