Updated Triplex with Private
For Sale
Under Contract
$349,000
708 N SAINT CLAIR ABRAMS Avenue, Tavares, FL 32778
Residential Income, TAVARES, FL
Property Size2,549 SF
Lot Size0.25 Acres
Price / SF$136.92
Days on Market223
Property Features for 708 N SAINT CLAIR ABRAMS Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
RMF-2
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Laundry Room, Bedroom 4, Bedroom 2, Bathroom 3, Bedroom 5, Bathroom 1, Bedroom 1, Bathroom 2
Patio and Porch features
Patio
Pets allowed
Dogs OK, Cats OK
Interior features
Ceiling Fans(s), Eat-in Kitchen
Exterior features
Private Mailbox, Private Yard, Storage
Appliances
Cooktop, Range, Range Hood, Refrigerator
Subdivision
TAVARES NUTTS SUB
Lot features
City Limits, Level, Paved
Elementary school
Tavares Elem
Middle school
Tavares Middle
High school
Tavares High
Directions
From US-441 in Tavares, head east on E Burleigh Boulevard. Turn left onto N Saint Clair Abrams Avenue. Continue north-property will be on your right at 708 N Saint Clair Abrams Ave.
Standard status
Active Under Contract
APN
29-19-26-0900-094-00400
Size
2,549 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
TAVARES NUTT'S SUB LOT 5 S 35 FT OF LOT 4 BLK 94 PB 5 PG 51 ORB 4588 PG 1279 ORB 6331 PG 1352
Tax Annual Amount
4220
Legal Description
TAVARES NUTT'S SUB LOT 5 S 35 FT OF LOT 4 BLK 94 PB 5 PG 51 ORB 4588 PG 1279 ORB 6331 PG 1352
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1949
Floors in Building
1
Number of units
3
Flooring type
Tile
Building materials
Concrete
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
ALL REAL ESTATE & INVESTMENTS
(407) 917-8206
Listed By:
Yvette Hoover · License #3497170
(352) 474-7202
Added: Feb 2
Changed: Sep 12
Last Checked: Sep 13 at 4:06AM
MLS# O6373379
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.
Investment Insights
Based on property information with market context.
This 2,549-square-foot triplex at 708 N Saint Clair Abrams Avenue includes three separate units: two 2-bedroom, 1-bath residences and one 1-bedroom, 1-bath residence. Each unit has its own private entrance. Unit A includes interior laundry, while Unit B has laundry in an exterior shed. Units A and C include fenced yards with patios. The property was built in 1949 and has concrete construction, tile flooring, shingle roofing, central air, electric heating, and updated electrical systems. New hot water heaters serve all three units.
The 0.25-acre property provides front and rear parking and includes a private mailbox, storage, public water, and public sewer. Interior features include ceiling fans and eat-in kitchens, with appliances including cooktops, ranges, range hoods, and refrigerators. RMF-2 zoning applies to the property.
The 0.25-acre property provides front and rear parking and includes a private mailbox, storage, public water, and public sewer. Interior features include ceiling fans and eat-in kitchens, with appliances including cooktops, ranges, range hoods, and refrigerators. RMF-2 zoning applies to the property.
Key Highlights
- 2,549‑square‑foot triplex on 0.25 acres
- Three units: two 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit
- Private entrances serve all three units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,302
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$626,040
$626.0K
Cap Rate 7%
$447,171
$447.2K
Cap Rate 9%
$347,800
$347.8K
Market Conditions
NOI Build-Up for 2,549 SF
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.
Gross rent
$60.9K $23.88/SF
− Vacancy
−$4.0K −$1.55/SF
EGI
$56.9K $22.33/SF
− OpEx
−$25.6K −$10.05/SF
NOI
$31.3K $12.28/SF
Area
Lake County, FL
Vacancy
6.50%
Lease Rate
$23.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$626,040
Cap Rate 7%
$447,171
Cap Rate 9%
$347,800
Alternative Uses
Best Use
Multifamily LT 5
$485.7K
$425.0K – $566.6K
NOI $33,997 @ 7.0% cap · market cap 9.74%
Second Best
Apartment 5plus
$447.2K
$391.3K – $521.7K
NOI $31,302 @ 7.0% cap · market cap 8.97%
Theoretical Best
Office A
$725.4K
$634.7K – $846.3K
NOI $50,776 @ 7.0% cap · market cap 14.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
909
Businesses Nearby
Explore this area
Business Placement
Demographics for 32778, FL
23,993
Population
12,720
Households
1.9
Avg Household Size
52
Median Age
25%
College-Educated
88%
High-School Grad
25.4 sq mi
ZIP Area
945
Density / Sq Mi
$61,815
Median Household Income
$40,942
Median Earnings
$1,384
Median Rent
$241,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three separately accessed units with fenced yards, patios, parking, and public water and sewer service.
Where is this triplex located?
The property is located at 708 N SAINT CLAIR ABRAMS Avenue Tavares, FL.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 2,549‑square‑foot triplex on 0.25 acres; Three units: two 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit; Private entrances serve all three units
