475 UMATILLA BOULEVARD, UMATILLA, FL 32784
NORTH UMATILLA · Lake County
Key Facts
Description
Exceptional investment opportunity offering a strong 9.5% cap rate! This fully renovated multifamily property has undergone extensive upgrades, including updated electrical systems, newer HVAC units, and upgraded water heaters. Featuring a total of 16 units, the property consists of 4 two-bedroom/one-bath units, 11 one-bedroom/one-bath units, and 1 studio unit. Every unit has been remodeled on the interior and includes the convenience of in-unit laundry. The property offers ample on-site parking and is currently 100% occupied with long-term tenants, providing immediate and stable cash flow. Zoned and suitable for both short-term and long-term rental strategies, allowing future ownership flexibility. A truly turnkey asset with significant capital improvements already completed and minimal deferred maintenance.
Property Information
Property Type
Residential Income
Sub-Type
Quadruplex
Year Built
1930
Living Area
10,320 sq ft
Lot Size
0.53 acres
Lot Dimensions
200x100
Ownership
Fee Simple
Zoning
C
Days on Market
1
MLS® Listing#
S5151887
Property Features
Interior
Cooling
Heating
Parking
Laundry
Lot Features
Construction
Foundation
Roof
Other Structures
Community
Utilities
Sewer
Water Source
Financial Details
HOA
None
Annual Taxes
$21,242
Tax year 2025
Parcel Number
12-18-26-0600-024-01800
Directions
Take 19 from Eustis into Umatilla at light 450 bear to the left on Umatilla apt building on left.
Affordability Calculator
$380,000
Estimated monthly payment
$10,113/mo
Principal $1,520,000 · Est. interest $2,120,535 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in UMATILLA, FL
- $382,051
- Median Listing Price
- 97
- Median Days on Market
- 1,700
- Median Sq Ft
- $223
- Median Price / Sq Ft
- 87
- Active Listings
- This home’s price is 397% above the area median.
- Its price per sq ft is 17% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in UMATILLA, FL.
Location
Points of Interest in UMATILLA, FL
Showing the UMATILLA area map.
Nearby Schools
Umatilla High School
Secondary · 0.2 mi away
Sonshine School
School · 0.4 mi away
Umatilla Elementary School
Elementary · 0.4 mi away
Umatilla Middle School
Secondary · 0.6 mi away
Alee Academy
School · 1.4 mi away
Altoona School
Elementary · 2.9 mi away
Living Word Academy
School · 2.9 mi away
Alee Academy
School · 4.0 mi away
Eustis Middle School
Secondary · 5.2 mi away
Amazing Kids Academy
School · 5.5 mi away
Eustis Elementary School
Elementary · 5.6 mi away
Eustis High School
Secondary · 5.9 mi away
A Kid's Corner Learning Center
School · 6.3 mi away
Eustis Heights Elementary School
Elementary · 6.7 mi away
Lake County Virtual School
School · 6.8 mi away
Lake Academy Eustis
School · 6.9 mi away
Faith Lutheran School
Elementary · 7.3 mi away
Gateway Christian School
School · 7.6 mi away
Liberty Christian Preparatory School
School · 8.1 mi away
The Preparatory School at National Deaf
School · 8.3 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1080 DUCK BOX ROAD, UMATILLA, FL | $1,376,000 | — | — | — |
| 24920 SE HIGHWAY 450, UMATILLA, FL | $1,380,000 | 3 | 3 | 3,424 |
| 38361 LAKE MEADOW COURT, UMATILLA, FL | $1,500,000 | 4 | 4 | 3,359 |
| 30 WAFFORD STREET, UMATILLA, FL | $1,800,000 | 33 | 17 | 13,600 |
| 24601 SE HIGHWAY 42, UMATILLA, FL | $1,999,995 | — | — | — |
Moving Cost Estimate
EXIT Agents in UMATILLA
Listing Courtesy: LPT REALTY, LLC - 877-366-2213
Last Updated: 2026-06-12