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$1,900,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 16 Units
  • 0.53 Acres
  • Updated 2 days ago
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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.

Full Property Details for 475 Umatilla Blvd

General

  • Price: $1,900,000
  • Taxes: $21,242 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: MidFloridaRegionalMLS
  • MLS ID: S5151887
  • Updated: 6/14/2026
  • Added to Site: 3 day(s) ago

Interior

  • Interior Features: Other

Rooms

Other Rooms

  • Laundry: Inside

Exterior

  • Exterior Features: Irrigation System, Sidewalk

Parking

  • Parking Features: None

Location

  • Area: 32784 - Umatilla / Dona Vista
  • County: Lake
  • Development Name: 32784 - Umatilla / Dona Vista
  • Subdivision: NORTH UMATILLA
  • Driving Directions: Take 19 from Eustis into Umatilla at light 450 bear to the left on Umatilla apt building on left.

Community

  • Community Name: 32784 - Umatilla / Dona Vista
  • Community Features: Sidewalks

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Electric, Heat Pump

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Other

Structural Information

  • # Buildings: 1
  • Exterior Const.: Block
  • Roof: Other, Shake
  • Square Feet: 10,080
  • Sq. Ft. Source: Public Records
  • Year Built: 1930

Additional Structures

  • Other Structures: Shed(s)

Lot Features

  • Lot Size (Acres): 0.53
  • Lot Size (Sq. Ft.): 23,141
  • Lot Size: 23141
  • Lot Dimensions: 200 x 100
  • Frontage: Street Paved
  • Street/Road Desc.: Paved, Other

Financial Considerations

  • Assoc Fee Desc.: None
  • Tax Amount: $21,242.22
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: None
  • Legal Description: UMATILLA, NORTH UMATILLA LOTS 18 TO 24 INCL BLK 24 PB 6 PGS 35-37 ORB 2439 PG 1247
  • Flood Zone Info: X
  • APN: 121826060002401800
  • Property ID: 121826060002401800
  • Block/Lot/Section: 24

Listed by Lpt Realty, Llc

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Listing agent

— 475 Umatilla Blvd —

  • Lpt Realty, Llc

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 475 Umatilla Blvd

School District:Lake County School District
NameGradesDistance
Umatilla Elementary School
401 Lake Street, Umatilla, FL 32784
PK-50.4 mi
Umatilla Middle School
305 East Lake Street, Umatilla, FL 32784
6-80.5 mi
Umatilla High School
320 North Trowell Avenue, Umatilla, FL 32784
9-120.2 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 475 Umatilla Blvd Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/13/2026
Listed
$1,900,000
104.3%
MLS
11/28/2022
Sold
$930,000
—
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 475 Umatilla Blvd

Year
Property Taxes
Change
Tax Assessment
Change
2024
$19,354
—
$830,216
4%
2024
$19,354
—
$797,054
—
2023
$19,259
26%
$799,352
21%
2021
$15,253
-10%
$661,600
-9%
2022
$16,893
11%
$727,777
23%
2021
$15,253
71%
$591,020
117%
2019
$8,896
20%
$272,169
10%
2018
$7,444
56%
$247,426
9%
2017
$4,761
3%
$226,993
4%
2016
$4,629
-3%
$217,704
—
2015
$4,785
-1%
$217,704
—
2014
$4,815
6%
$217,704
—
2013
$4,555
—
$217,704
—
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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475 Umatilla Boulevard, Umatilla, FL 32784 (MLS# S5151887) is a Multi-Family property with 16 units containing 0 bedrooms and 0 full bathrooms. 475 Umatilla Boulevard is currently listed for $1,900,000 and was received on June 13, 2026. Want to learn more about 475 Umatilla Boulevard? Do you have questions about finding other Multi-Family real estate for sale in Umatilla? You can browse all Umatilla real estate or contact a Coldwell Banker agent to request more information.

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