475 UMATILLA BOULEVARD
UMATILLA, FL 32784
About this home
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.
Facts & features
Interior
- Bedrooms
- 0
- Living area
- 10,080 sqft
- Heating
- Electric, Heat Pump
- Cooling
- Central Air
- Features
- Other
Exterior & lot
- Lot size
- 23,141 sqft (0.53 ac)
- Roof
- Other, Shake
- Construction
- Block
- Exterior
- Sidewalk
Financial
- Annual tax
- $21,242 (2025)
- Price / sqft
- $184/sqft
Utilities
- Water
- Public
- Sewer
- Public Sewer
- Utilities
- Other
Property
- Property type
- Multi-Family
- Year built
- 1930
- Subdivision
- NORTH UMATILLA
- County
- Lake
Listing
- Status
- Active
- Days on market
- 45 days
- MLS #
- MFR793512916
- Source
- Stellar MLS
Listed by Victor Avila · LPT REALTY, LLC
Listing data provided by Stellar MLS. Information deemed reliable but not guaranteed.
Sample estimate — not an appraisal
Based on 21 comparable sales within 4 miles of UMATILLA, FL. priced over RENA ValiQ.
Reference only. Estimates blend public sale comps, neighbourhood trend and the listing’s own metrics. Final price moves on diligence, terms and timing — RENA is your second read, not your agent.
Estimate your monthly cost
PITI + HOA- Principal & interest
- $9,846/mo
- Property tax
- $1,388/mo
- Home insurance
- $200/mo
Tax, insurance and HOA are editable estimates with Florida-typical defaults — Florida homeowners insurance in particular varies widely by location and elevation. Confirm exact figures with a lender and insurer.
Price historySample data
Reference timeline for $1,850,000. Live MLS history swaps in with the Stellar feed.
| Date | Event | Price | Change |
|---|---|---|---|
| 2026-08 | Listing updated | $1,850,000 | — |
| 2026-05 | Price changed | $1,850,000 | −$55,500 |
| 2026-03 | Listed | $1,905,500 | — |
NeighbourhoodSample data
Reference scores for UMATILLA, FL. Schools, mobility and amenities feed live data once the dedicated provider connection lands.
Location
Similar homes nearby
Homes for sale in UMATILLA within the same price band.
