527 Lemon Avenue, FL527 Lemon Avenue, FL527 Lemon Avenue, FL
Stellar MLS
1 / 80

$629,000

527 Lemon Avenue

Eustis, FL 32726

Listing updated: June 24, 2026 at 11:05 AM ET

Active
Stellar MLSListing courtesy of Orison Properties Inc. · Stephanie Frederick · MLS #G5113226 · Active · 352-729-3811
0
Baths
5,415
Sq Ft
0.57
Acres
1919
Built
$107/sqft360° tour
Multi-Family 5+

Property type

1919

Year built

24,804 sqft

Lot size

$107

Price / sq ft

No HOA

HOA dues

4

Days on market

X

Flood zone

About this home

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.

Local Insight

At $107/sqft for a 5,415-sqft multi-family building from 1919, you're looking at significant upside potential if this property is structurally sound — that's well below Lake County's current per-sqft average and positioned in a genuinely affordable lakefront community with real boating and residential appeal rather than tourist inflation. The main risk here is the age and condition of a century-old structure, so inspection costs and deferred maintenance could quickly erode what looks like a bargain, but if you're handy or connected to contractors, the bones of Eustis's historic core are increasingly attractive to investors priced out of Mount Dora. The no-HOA setup and X flood zone are genuine wins for this location.

AI-generated insight based on listing data and neighborhood context. Verify independently.

Estimated monthly payment

Principal & interest$3,181
Property taxes$607
Home insurance (est.)$288

Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.

Price & listing history4 days on market

  1. Status: Active
    Jun 21, 2026
  2. Listed$629,000
    Jun 20, 2026
  3. Price increased$629,000

Facts & features

Property type
Commercial Sale
Sub type
Multi-Family 5+
Status
Active
Days on market
4
Subdivision
Eustis
County
Lake
Year built
1919
Living area
5,415 sq ft
Price/sq ft
$107
Building area
5,855 sq ft (Public Records)
Lot size
24,804 sq ft
Lot category
1/2 to less than 1
Flood zone
X (12069C0356E)
Annual taxes
$7,283 (2025)
Parcel #
11-19-26-0100-076-00007
Zoning
SR
MLS #
G5113226

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Interior Details

Stories / Levels
Two

Heating & Cooling

Heating
Natural Gas
Cooling
Wall/Window Unit(s)

HOA & Financial

Total monthly fees
$0/mo
Total annual fees
$0
Listing terms
Cash
Ownership
Fee Simple

Exterior & Construction

Construction materials
Frame
Roof
Metal, Shingle
Foundation
Crawlspace
Road surface
Asphalt

Utilities

Sewer
Public Sewer
Water source
Public
Utilities
Electricity Available, Natural Gas Available

Listing Details

Listing date
2026-06-19
On market date
2026-06-20
Original list price
$629,000
Occupant type
Tenant
MLS area
32726 - Eustis
Listing AOR
Lake and Sumter
Status changed
2026-06-21
Tax legal description
EUSTIS E 138 FT OF S 179.5 FT BLK 76 PB 1 PG 79 ORB 5187 PG 1441

Flood risk

Minimal riskFEMA Zone XPanel 12069C0356E

Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.

Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.

Location

Directions

US-441 S, Take the FL-19 N ramp, Turn right onto E Key Ave, Turn left onto S Mary St, Destination will be on the left

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MLS GRID

Listings courtesy of Stellar MLS as distributed by MLS GRID

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.

Based on information submitted to the MLS GRID as of June 24, 2026 at 11:05 AM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA