Renovated Duplex with Tile
907 NEBRASKA Street, Leesburg, FL 34748
For Sale
$250,000
Residential Income, LEESBURG, FL
Property Size1,168 SF
Lot Size0.21 Acres
Price / SF$214.04
Days on Market9
Property Features for 907 NEBRASKA Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Interior features
Exterior features
Subdivision
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Number of units
Building materials
Roof type
Buildings
Listing Agency:
COMPASS FLORIDA LLC
(727) 380-2067
Listed By:
Kim Meredith-Hampton · License #601196
(407) 448-6679
Added: Oct 30
Changed: Nov 7
Last Checked: Nov 7 at 11:06AM
MLS# TB8561111
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 1,168-square-foot duplex was built in 1983 and renovated in 2024. Tile flooring runs throughout, with ceiling fans in the bedrooms and living room. Updates completed in 2024 include the electrical panel, air conditioning, and water heater. A storage closet accommodates washer and dryer hookups, and the property has a private parking space.
The 0.21-acre parcel is zoned R-2 and served by public water and sewer. The building is block construction with a shingle roof.
The 0.21-acre parcel is zoned R-2 and served by public water and sewer. The building is block construction with a shingle roof.
Key Highlights
- 1,168‑square‑foot duplex on a 0.21‑acre parcel
- Renovated in 2024; electrical panel, air conditioning, and water heater updated that year
- Tile flooring throughout and ceiling fans in bedrooms and living room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,578
Cap Rate
6.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$311,560
$311.6K
Cap Rate 7%
$222,543
$222.5K
Cap Rate 9%
$173,089
$173.1K
Market Conditions
NOI Build-Up for 1,168 SF
Gross rent
$23.8K $20.40/SF
− Vacancy
−$1.6K −$1.35/SF
EGI
$22.3K $19.05/SF
− OpEx
−$6.7K −$5.72/SF
NOI
$15.6K $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%
$311,560
Cap Rate 7%
$222,543
Cap Rate 9%
$173,089
Alternative Uses
Best Use
Multifamily LT 5
$222.5K
$194.7K – $259.6K
NOI $15,578 @ 7.0% cap · market cap 6.23%
Second Best
Apartment 5plus
$204.9K
$179.3K – $239.1K
NOI $14,343 @ 7.0% cap · market cap 5.74%
Theoretical Best
Office A
$332.4K
$290.8K – $387.8K
NOI $23,267 @ 7.0% cap · market cap 9.31%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
267
Businesses Nearby
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Business Placement
Demographics for 34748, FL
45,481
Population
25,740
Households
1.8
Avg Household Size
60
Median Age
24%
College-Educated
90%
High-School Grad
39.4 sq mi
ZIP Area
1,154
Density / Sq Mi
$53,768
Median Household Income
$30,762
Median Earnings
$1,181
Median Rent
$226,200
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Lake County, FL
Properties on Market for Duplexes in Lake County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The property includes private parking and a storage closet with washer and dryer hookups.
Where is this duplex located?
The property is located at 907 NEBRASKA Street Leesburg, FL.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 1,168‑square‑foot duplex on a 0.21‑acre parcel; Renovated in 2024; electrical panel, air conditioning, and water heater updated that year; Tile flooring throughout and ceiling fans in bedrooms and living room
