Commercial Sale · Multi Family (5+)
527 E LEMON AVENUE, EUSTIS, FL, 32726
Active29 days on marketListed Jun 20, 2026MLS #G5113226
About this property
The property at a glance
Investment Opportunity – 6-Unit Multifamily Property Near Historic Downtown Eustis. Great opportunity to acquire a 6-unit multifamily property located just minutes from historic downtown Eustis, waterfront parks, shopping, dining, and entertainment. Originally built in 1919, this income-producing property offers historic character combined with significant upside potential. The property consists of six residential units with four units currently occupied and two vacant units currently available for lease, providing an immediate opportunity to increase cash flow. Unit mix includes one 3-bedroom/2-bath unit, one 2-bedroom/1-bath unit, and four 1-bedroom/1-bath units. Several tenants have established rental histories, with a combination of long-term occupants and month-to-month tenancy providing flexibility for future management strategies. Conveniently located within close proximity to downtown Eustis and major transportation corridors, the property is well-positioned to benefit from continued growth throughout Lake County. With two vacant units ready for lease-up and several existing rents offering potential for future adjustment, investors have the opportunity to increase income and maximize returns. This property presents an excellent opportunity for investors seeking a value-add multifamily asset with much of the heavy lifting already completed. Rent roll, lease information, and operating expense summary available upon request. Buyer to verify all measurements, zoning, future use, financial projections, and all information deemed important to the buyer. Do not disturb tenants. Showings by appointment only.
5,855
Building sq ft
$107
Price / sq ft
0.57
Lot acres
1919
Year built
6
Units
1
Building
SR
Zoning
Multi Family (5+)
Property type
The numbers
Investment snapshot
7.9%
Cap rate
$50,000
Net operating income
$75,000
Gross income (yr)
$104,833
Price / unit
6
Units
Estimated payment (illustrative)
Estimated payment
$3,595/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask Rui to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
Drive times
What’s nearby
The area
Who's around this property
23,885
Population
$60,750
Median income
40.6
Median age
2.38
Avg household
$230,400
Median home value
$1,027/mo
Median rent
2,736
Households w/ kids
Recent sales
What actually sold near 527 E LEMON AVENUE
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$775,000
1540 KURT STREET
5,040 sqft · $154/sqft · Sold May 20, 2026
$850,000
3425 LAKE CENTER DRIVE UNIT 1
5,800 sqft · $147/sqft · Sold Jul 7, 2025
$850,000
3725 W OLD US HIGHWAY 441
5,806 sqft · $146/sqft · Sold Jul 23, 2025
Your team
The pros in your corner
Your agent
Rui Ma
REALTOR® · CENTURY 21 Edge
Tours, offers, and every question about 527 E LEMON AVENUE — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 527 E LEMON AVENUE.
See it in person
Schedule a tour
Pick a day that works — this goes straight to Rui's phone and CRM.
Keep looking
Similar properties nearby
Listing courtesy of ORISON PROPERTIES INC. · Stephanie Frederick. MLS #G5113226.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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