Six-Unit Apartment Building with
7306 EARLWOOD Avenue, Mount Dora, FL 32757
For Sale
$749,000
Residential Income, MOUNT DORA, FL
Property Size4,072 SF
Lot Size0.12 Acres
Price / SF$183.94
Days on Market46
Property Features for 7306 EARLWOOD Avenue
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Interior features
Exterior features
Subdivision
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
courtyard deck
on-site laundry
Building Details
Year built
Building materials
Roof type
Listing Agency:
OPTIMA ONE REALTY, INC.
(352) 243-6784
Listed By:
Tony Stanley · License FL #3052266
(407) 883-9694
Added: Sep 29
Changed: Nov 12
Last Checked: Nov 13 at 7:06PM
MLS# G5117406
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 4,072-square-foot, six-unit apartment property was built in 1900 and occupies a 0.12-acre site. The frame building has central heating and air conditioning, a metal roof, and a courtyard with a deck completed in 2026. A shared utility room contains a washer and dryer, and each unit has appliances installed in 2020.
Improvements include a roof replacement in 2021, more than 30 replacement windows, interior painting in 2020, and exterior painting in 2019. Bathrooms were updated with new vanities and shower units in 2020; exterior doors and awnings were also replaced that year. Flooring updates were completed in several units in 2019 and 2020. The property is zoned C-1 and is professionally managed, with management available to transfer to a new owner.
Improvements include a roof replacement in 2021, more than 30 replacement windows, interior painting in 2020, and exterior painting in 2019. Bathrooms were updated with new vanities and shower units in 2020; exterior doors and awnings were also replaced that year. Flooring updates were completed in several units in 2019 and 2020. The property is zoned C-1 and is professionally managed, with management available to transfer to a new owner.
Key Highlights
- Six apartment units in a 4,072‑square‑foot building on 0.12 acres
- C‑1 zoning
- Roof replaced in 2021; more than 30 windows replaced
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,581
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$851,620
$851.6K
Cap Rate 7%
$608,300
$608.3K
Cap Rate 9%
$473,122
$473.1K
Market Conditions
NOI Build-Up for 4,072 SF
Gross rent
$83.1K $20.40/SF
− Vacancy
−$5.6K −$1.39/SF
EGI
$77.4K $19.01/SF
− OpEx
−$34.8K −$8.56/SF
NOI
$42.6K $10.46/SF
Area
Lake County, FL
Vacancy
6.80%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$851,620
Cap Rate 7%
$608,300
Cap Rate 9%
$473,122
Alternative Uses
Best Use
Apartment 5plus
$608.3K
$532.3K – $709.7K
NOI $42,581 @ 7.0% cap · market cap 5.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,913 @ 7.0% cap · market cap 12.27%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
48
Businesses Nearby
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Business Placement
Demographics for 32757, FL
30,315
Population
14,625
Households
2.1
Avg Household Size
49
Median Age
36%
College-Educated
92%
High-School Grad
35.3 sq mi
ZIP Area
859
Density / Sq Mi
$73,327
Median Household Income
$40,565
Median Earnings
$1,474
Median Rent
$325,800
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Lake County, FL
Properties on Market for Apartment buildings in Lake County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - C-1 zoning and a shared courtyard complement the building’s apartment configuration.
Where is this apartment building located?
The property is located at 7306 EARLWOOD Avenue Mount Dora, FL.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Six apartment units in a 4,072‑square‑foot building on 0.12 acres; C‑1 zoning; Roof replaced in 2021; more than 30 windows replaced
