Browse All Leesburg FL Multi-Family Properties for Sale

4 Beds ⋅ 2 Baths ⋅ Leesburg Birchwood Sub SubDv. ⋅ 34748 Zip Code

Investor opportunity in Leesburg with two separate 2 bedroom, 1 bath units, each offering approximately 770 square feet of living space. Whether you're looking to add another rental to your portfolio or live in one side while generating income from the other, this duplex offers a flexible setup with an established rental history. The units feature comfortable, efficient floor plans with central heat and air and equipped kitchens with range, refrigerator, dishwasher and disposal. Updated interior finishes include refreshed cabinetry, countertops and durable flooring, while one unit also includes an enclosed rear porch and separate laundry area. Located in an established Leesburg neighborhood with convenient access to shopping, schools, medical facilities and downtown Leesburg, the property offers the combination investors look for: manageable unit sizes, straightforward layouts and continued rental demand. With two 2 bedroom units under one property, 1703 Birchwood Circle provides multiple options for long term rental income, multigenerational living or an owner occupant looking to offset their monthly housing expense.

1703 Birchwood Circle, Leesburg

$645,000

34748 Zip Code

This fully furnished former 20-bed assisted living facility is vacant and ready for repositioning. The property is currently partially approved for either a 19-bed Room & Boarding House (including manager) or an 18-bed Assisted Living Facility. It offers a flexible platform for multiple congregate uses subject to buyer verification with local authorities. PROPERTY HIGHLIGHTS: - Previously licensed ALF for 20 residents - 11 actual bedrooms FULLY FURNISHED AND IMPROVED WITH: – Fire sprinklers and fire alarm system – Automatic generator – Renovated kitchen – Some new flooring – New water heater – One new HVAC unit The current owners renovated the property with the intention of operating it as an independent living facility under the name Rosefield Commons. The building is now available for immediate repositioning. APPROVED & POTENTIAL USES: Room & Boarding House – 19 residents (including manager). Boarding houses are not licensed by the state, resulting in significantly lower overhead. Residents typically pay a fixed monthly rate for a private or shared room and share common areas, bathrooms, outdoor spaces, and laundry. Services usually include utilities, cable, phone, and common-area cleaning (residents maintain their own rooms). Continental breakfast is common; full meal service is optional. Assisted Living Facility – 18 beds (requires parking reconfiguration). Other potential congregate uses (buyer must independently verify with the City of Leesburg and applicable agencies): Independent Living, Memory Care, Day Care, Group Home, Foster Home, APD Group Home, Halfway House, and similar uses. PARKING REQUIREMENTS (PER CITY OF LEESBURG) Boarding House: Add approximately 6 parking spaces. Owner has an estimate of ~$5,900 to construct them. Assisted Living (18 beds): Reconfigure the parking lot to add three spaces, one of which must be ADA-compliant. Buyer should consult city planners, an architect/engineer, or contractor to confirm feasibility. Seller may consider a lease-to-own structure for a qualified buyer. Terms would be negotiated directly between the parties. IMPORTANT BUYER NOTE: Prior to the expiration of any due diligence period, the buyer is solely responsible for independently verifying all permits, zoning, allowed uses, parking requirements, capacity, market rents, regulations, financials, proformas, and any other factors related to their intended use of the property and building. This is a rare downtown Leesburg opportunity to acquire a turnkey-furnished former ALF with multiple potential paths forward and relatively modest capital improvements needed to resume operations.

201 Rosefield Avenue, Leesburg

$569,000

8 Beds ⋅ 7 Baths ⋅ Leesburg Hansons Sub SubDv. ⋅ 34748 Zip Code

Turn Key recently updated Investor opportunity in the heart of Leesburg! Located at 400 S. 6th Street, this income-producing property features two duplexes on one lot, providing four turnkey rental units with established long-term tenants already in place. The property offers strong, consistent cash flow from day one, with no immediate lease-up or renovation period required. This is an excellent addition to any rental portfolio, offering multiple income streams, operational efficiency, and long-term investment potential in a growing Central Florida market.

400 S 6th Street, Leesburg

$279,900

4 Beds ⋅ 2 Baths ⋅ Leesburg Beulah Heights SubDv. ⋅ 34748 Zip Code

Great investment opportunity with this recently renovated duplex. Each unit offers 2 beds and 1 bath, 768 Square feet of living in each unit for a total of 4 bedrooms, 2 baths with 1536 heated Sq Ft living area. Both units come with, wood cabinets including refrigerators, stove, and microwave. All renovations were completed 12/2024 & 01/2025. Luxury vinyl plank flooring throughout and freshly painted inside and out in Dec.2024 & Jan. 2025. Bathrooms fully updated. Roof is 2019, AC and electrical lines from Panel box to Air handlers, electrical update in 2015, outlet switches, Lights, Fans, interior electric panel. New Hot Water Heaters in July 2026. No HOA fees, all utilities are separately metered. Nice lawn (front & back), each unit has it’s own driveway with ample room for parking. Shed is divided so each unit has a place for storage, shed installed in 2025. Conveniently located just minutes from the Historic Nature Park, Lake Griffin, schools, shopping, restaurants with easy access to the 441/US27/I75 for quick trips. This is a turnkey investment as both units are currently leased.

2307 Mispah Avenue Unit A + B, Leesburg

$345,000

Leesburg Lakewood Park SubDv. ⋅ 34748 Zip Code

8.1% NET INCOME AT ASKING - $2900 GROSS PER MONTH - Amazing investment opportunity that includes a 4th bed being rented as a studio as well as the main house - amazing tenants (please do not disturb - call for appointment). Home is on an over 9000sqft lot, fenced in, 2025 AC and water heater, roof in great shape and ready for the next investor! Home has been fully updated cosmetically to bring the best rental value and the tenants have a lease through Sept 2027 and would love to stay!

204 Louis Street, Leesburg

$850,000

10 Beds ⋅ 8 Baths ⋅ Leesburg Palmora Green SubDv. ⋅ 34748 Zip Code

Prime Investment Opportunity: Leesburg Quadplex- Boost your portfolio with this highly attractive, four-townhome community in the City of Leesburg. Built in 1987 with durable block & stucco construction, this well-maintained property sits on a spacious 119’ x 138’ lot (Zoned R-2) and features desirable two-story layouts with lofts. The property offers an excellent unit mix, featuring two large 3BR/2BA middle units (1,752 SF each) and two 2BR/2BA end units (1,322 SF each). All units have been updated and well maintained and feature LVP and come with 2 assigned parking spots each. Management is highly efficient, as all units are separately metered for all city utilities. This turn-key asset boasts an excellent rental history and three units convey with current, executed leases, ensuring immediate, reliable cash flow from day one.

904 Sumter Street, Leesburg

$279,000

4 Beds ⋅ 2 Baths ⋅ Leesburg Birchwood Sub SubDv. ⋅ 34748 Zip Code

A home like this doesn’t just offer space — it offers opportunity. This four-bedroom income property at 1720 Birchwood blends comfort, charm, and smart investment potential in one inviting package. Step inside and you’re greeted by a warm, welcoming living area designed to make anyone feel instantly at home. Natural light fills the space, creating an atmosphere perfect for relaxing, hosting, or showcasing to future tenants. The highlight of the home is the beautifully updated bathroom, featuring modern finishes, clean lines, and a spa-like feel that adds a touch of luxury to everyday living. It’s the kind of bathroom that makes people stop and say wow. Each of the four bedrooms offers generous space and flexibility —ideal for families, roommates, or maximizing rental income. Whether you’re an investor or a homeowner looking to offset your mortgage, this property delivers both comfort and cash-flow potential. Outside, the lot provides room to enjoy the outdoors while keeping maintenance simple and manageable.

1702 Birchwood Circle, Leesburg

$500,000

8 Beds ⋅ 8 Baths ⋅ Leesburg Village Square Leesburg Condo SubDv. ⋅ 34748 Zip Code

Under contract-accepting backup offers. Excellent investment opportunity in one of Florida's fastest growing counties! This well-established, income-producing property includes four 2BR/2BA condos (approx. 1,089 sq. ft. each). The units feature a spacious split-bedroom floor plan, private screened patios, and in-unit washer/dryer hookups. The HOA provides low-maintenance ownership covering exterior walls and roof maintenance, lawn care, and common area insurance. Each unit is assigned an onsite parking space and there are 4 open unassigned spaces. The property location is a significant asset, benefiting from its proximity to Beacon College, UF Hospital, public transportation and historic downtown Leesburg where residents can enjoy local restaurants, shops, and Ski Beach/Venetian Gardens Park on Lake Harris. Lake County ranks as one of Florida's most rapidly expanding counties, with considerable population growth in recent years that has increased the need for rental units and affordable housing. This is an excellent opportunity for an investor seeking consistent rental income from all four units or an owner-occupant looking to live in one unit and receive income from the remaining three units. Don't miss this turnkey multi-unit opportunity.

643 W Oak Terrace Drive Unit B1,B2,B3,B4, Leesburg

$395,000

6 Beds ⋅ 3 Baths ⋅ Indian Hill SubDv. ⋅ 34748 Zip Code

Investor opportunity in Leesburg, Florida. This fully rented single-family property offers three separate income-producing spaces, including a pool home, providing immediate rental performance from day one. The property is turnkey with stable tenants in place, partial interior updates, and a 30-day notice requirement for renewals or non-renewals. Utility, lawn, pool, and internet services are already incorporated into the operating structure for easy management. Located in the heart of Leesburg near Downtown Leesburg, Lake Harris, Venetian Gardens, UF Health Leesburg Hospital, Highway 27, and local retail and employment centers, this area continues to show strong rental demand and consistent occupancy. This is a rare chance to acquire a centrally located income-producing property in an established Lake County rental corridor. Financials and full property details available upon request. Property is being sold with tenants in place. Showings by appointment only.

1611 Indian Trail, Leesburg

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