Commercial Sale · Multi Family (5+)
1502 HIGH STREET, LEESBURG, FL, 34748
Active6 days on marketListed Sep 17, 2026MLS #A4706558
About this property
The property at a glance
Exceptional value-add opportunity in Leesburg with the potential to transform this nine-unit property into a fully renovated 10-unit multifamily community. Located in a growing Central Florida market with continued demand for rental housing, this property offers significant upside for an experienced investor, developer, or nonprofit organization looking to create quality, affordable housing. The property will require a substantial renovation to reach its full potential. Based on a recent estimate obtained from one of the seller’s contractors, approximately $600,000 in repairs and improvements should be anticipated. Renovations may include roofing, building systems, general repairs and maintenance, interior and exterior improvements, updated floor plans, and modernization of the individual units. Once renovated and stabilized, the property has an estimated After-Repair Value (ARV) of approximately $1.8 million, creating a compelling opportunity for an investor willing to complete the necessary improvements. This property may also be particularly attractive to a nonprofit or affordable-housing organization seeking an opportunity to provide safe, comfortable, and reasonably priced housing for up to 10 families. With the right renovation plan and ownership structure, the property could serve both an important community need and a long-term investment objective. For buyers looking for a project with substantial value-add potential, multiple units, and a clear repositioning strategy, this Leesburg property deserves serious consideration.
11,363
Building sq ft
$34
Price / sq ft
0.66
Lot acres
1910
Year built
9
Units
1
Building
R-2
Zoning
Multi Family (5+)
Property type
The numbers
Investment snapshot
$43,222
Price / unit
9
Units
Estimated payment (illustrative)
Estimated payment
$2,351/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask Darrick to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
45,960
Population
$53,768
Median income
60.4
Median age
2.14
Avg household
$226,200
Median home value
$1,181/mo
Median rent
3,516
Households w/ kids
Recent sales
What actually sold near 1502 HIGH STREET
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$1,400,000
1818 GREENLEAF LANE
10,170 sqft · $138/sqft · Sold Nov 25, 2025
$122,040
1818 GREENLEAF LANE
10,170 sqft · $12/sqft · Sold Jun 16, 2026
$10,200
2115 CITRUS BOULEVARD
12,160 sqft · $1/sqft · Sold Jun 22, 2026
Your team
The pros in your corner
Your agent
Darrick Cook
REALTOR® · CENTURY 21 Edge
Tours, offers, and every question about 1502 HIGH STREET — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 1502 HIGH STREET.
See it in person
Schedule a tour
Live availability from Darrick's calendar — pick a time and it's booked.
Keep looking
Similar properties nearby
Listing courtesy of WAGNER REALTY · John Rojas, PA. MLS #A4706558.
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. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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