Six-Unit Apartment Building with
New
For Sale
$749,000
7306 EARLWOOD Avenue, Mount Dora, FL 32757
Residential Income, MOUNT DORA, FL
Property Size4,072 SF
Lot Size0.12 Acres
Price / SF$183.94
Days on Market4
Property Features for 7306 EARLWOOD Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
C-1
Bedrooms
9
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 4, Bathroom 5, Bedroom 3, Bedroom 8, Bedroom 7, Bathroom 6, Bedroom 2, Bedroom 6, Bathroom 3, Bedroom 1, Laundry Room, Bedroom 5, Bathroom 2, Bathroom 1, Bedroom 4, Bedroom 9
Interior features
Window Treatments
Exterior features
Courtyard
Subdivision
MAROTS ADD
Directions
Traveling on 441, turn West onto Earlwood Avenue. Home will be on the NE corner of Earlwood and Lake Street.
Standard status
Active
APN
08-20-27-5512-01-011
Size
4,072 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
MAROTS ADDITION TO TANGERINE MTG E/506 N87 FT OF E 120 FT OF LOT 1 (LESS RD R/WPER RD BOND BK 3/9 & 3/19)
Tax Annual Amount
11758
Legal Description
MAROTS ADDITION TO TANGERINE MTG E/506 N87 FT OF E 120 FT OF LOT 1 (LESS RD R/WPER RD BOND BK 3/9 & 3/19)
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
laundry facility
courtyard deck
Building Details
Year built
1900
Building materials
Frame
Roof type
Metal
Listing Agency:
OPTIMA ONE REALTY, INC.
(352) 243-6784
Listed By:
Tony Stanley · License #3052266
(407) 883-9694
Added: Sep 29
Changed: Oct 2
Last Checked: Oct 2 at 5:06PM
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.
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 = 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
$50,005
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
6.68%
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%
$1,000,100
$1.0M
Cap Rate 7%
$714,357
$714.4K
Cap Rate 9%
$555,611
$555.6K
Market Conditions
NOI Build-Up for 4,072 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
$97.2K $23.88/SF
− Vacancy
−$6.3K −$1.55/SF
EGI
$90.9K $22.33/SF
− OpEx
−$40.9K −$10.05/SF
NOI
$50.0K $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%
$1,000,100
Cap Rate 7%
$714,357
Cap Rate 9%
$555,611
Alternative Uses
Best Use
Apartment 5plus
$714.4K
$625.1K – $833.4K
NOI $50,005 @ 7.0% cap · market cap 6.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.16M
$1.01M – $1.35M
NOI $81,114 @ 7.0% cap · market cap 10.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
48
Businesses Nearby
Explore this area
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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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?
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
