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$749,000 -$1,000 (-0.13%) Price Reduced

  • For Sale
  • Active
  • Commercial Multi-Family
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Fully rehabbed and fully occupied 7-unit multifamily property located in Eustis, FL. This stabilized investment is currently generating $7,210 in monthly gross rent with a strong and consistent rental history. After taxes and insurance, the property is being offered at nearly a 10% cap rate, providing attractive in-place cash flow. The property has been renovated, reducing near-term capital expenditure needs and allowing a new owner to benefit from immediate income with minimal deferred maintenance. All units are 100% occupied, offering instant returns with no lease-up period required. Conveniently located within the Eustis rental market near local amenities, employment centers, and major roadways. This asset is well-suited for investors seeking a stabilized multifamily property, portfolio expansion, or a 1031 exchange opportunity. Financials available upon request. Showings by appointment only - please do not disturb tenants.

Full Property Details for 205 S Grove St

General

  • Price: $749,000
  • Taxes: $4,475 (2025)
  • Status: Active
  • Type: Commercial Multi-Family
  • Source: MidFloridaRegionalMLS
  • MLS ID: O6367864
  • Updated: 1/15/2026
  • Added to Site: 20 day(s) ago

Location

  • Area: 32726 - Eustis
  • County: Lake
  • Development Name: 32726 - Eustis
  • Subdivision: EUSTIS
  • Driving Directions: From US-441 in Eustis, head east on W Orange Ave. Turn right onto S Grove St. Continue south; the property is located at 205 S Grove St, Eustis, FL, on the right.

Community

  • Community Name: 32726 - Eustis

Heating & Cooling

  • Cooling Type: Mini-Split Unit(s), Wall/Window Unit(s)

Structural Information

  • # Buildings: 2
  • Exterior Const.: Wood Siding
  • Square Feet: 4,066
  • Year Built: 1924

Lot Features

  • Lot Size (Acres): 0.4
  • Lot Size (Sq. Ft.): 17,424
  • Lot Size: 17424
  • Lot Dimensions: 79 x 242
  • Frontage: City Street
  • Street/Road Desc.: Other

Financial Considerations

  • Tax Amount: $4,475.98
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Corporation
  • Special Conditions: None
  • Legal Description: EUSTIS LOT 7 BLK 77--LESS S 78.5 FT--PB 1 PG 79 ORB 6098 PG 2034
  • Flood Zone Info: X
  • APN: 111926010007700700
  • Property ID: 111926010007700700
  • Block/Lot/Section: 77

Listed by Lpt Realty, Llc

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Listing agent

— 205 S Grove St —

  • Lpt Realty, Llc

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 205 S Grove St

School District:Lake County School District
NameGradesDistance
Eustis Elementary School
714 Citrus Avenue, Eustis, FL 32726
PK-50.4 mi
Eustis Middle School
18725 Bates Avenue, Eustis, FL 32736
6-82.4 mi
Eustis High School
1300 East Washington Avenue, Eustis, FL 32726
9-120.7 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 205 S Grove St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/15/2026
Price Reduced
$749,000
-0.13%
MLS
12/26/2025
Listed
$750,000
87.5%
MLS
5/03/2022
Sold
$400,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 205 S Grove St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,709
—
$225,351
-3%
2024
$4,709
7%
$233,376
6%
2023
$4,393
23%
$219,638
26%
2022
$3,562
44%
$174,383
43%
2021
$2,474
1%
$121,737
6%
2018
$2,454
1%
$114,810
2%
2017
$2,424
-1%
$113,050
—
2016
$2,457
5%
$113,050
8%
2015
$2,331
-7%
$104,692
-10%
2019
$2,511
31%
$115,959
11%
2014
$1,910
9%
$104,380
—
2013
$1,746
—
$103,976
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Lpt Realty, Llc

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205 S Grove Street, Eustis, FL 32726 (MLS# O6367864) is a Commercial Multi-Family property. 205 S Grove Street is currently listed for $749,000 and was received on December 26, 2025. Want to learn more about 205 S Grove Street? Do you have questions about finding other Commercial Multi-Family real estate for sale in Eustis? You can browse all Eustis real estate or contact a Coldwell Banker agent to request more information.

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