1502 High St Leesburg, FL 34748
Estimated payment $2,661/month
Highlights
- 0.64 Acre Lot
- Wood Flooring
- No HOA
About This Home
Under contract-accepting backup offers. Here is a chance to convert this nine-unit property into a cash-flowing, 10-unit multifamily residence. Located in Leesburg, a market with strong tenant demand and long-term growth, this property holds tremendous potential to address an undersupplied rental market and achieve significant returns. A complete renovation, estimated at $400,000, will be required to achieve its maximum potential. Repairs and upgrades will include reroofing, general system maintenance, cosmetic improvements, updated floor plans, and modern interiors. While this project will require significant work, it presents an opportunity for incredible returns, with an After-Repair Value (ARV) of $1,700,000. This property is a fantastic opportunity to provide value for tenants in a location where demand is strong. Don't miss out on this chance to create affordable and comfortable housing for 10 families. Contact your EquityPro Advisor today.
Listing Agent
EQUITYPRO LLC Brokerage Phone: 407-203-6860 License #3324657 Listed on: 10/24/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,357
Year Built
- Built in 1910
Lot Details
- 0.64 Acre Lot
- Lot Dimensions are 140x199
Home Design
- Fixer Upper
- Slab Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 10,883 Sq Ft Home
- Wood Flooring
Utilities
- No Cooling
- No Heating
Community Details
- No Home Owners Association
- 11,363 Sq Ft Building
- Leesburg Archbell Sub Subdivision
Listing and Financial Details
- Legal Lot and Block 11 / 002
- Assessor Parcel Number 27-19-24-0200-002-01100
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $3,357 | $247,366 | $176,911 | $70,455 |
| 2025 | $2,922 | $117,153 | $53,073 | $64,080 |
| 2024 | $2,922 | $126,765 | $53,073 | $73,692 |
| 2023 | $2,922 | $100,783 | $33,711 | $67,072 |
| 2022 | $1,227 | $32,932 | $30,646 | $2,286 |
| 2021 | $1,011 | $27,860 | $0 | $0 |
| 2020 | $1,042 | $27,860 | $0 | $0 |
| 2019 | $1,164 | $27,860 | $0 | $0 |
| 2018 | $1,005 | $19,502 | $0 | $0 |
| 2017 | $1,007 | $19,502 | $0 | $0 |
| 2016 | $1,166 | $27,860 | $0 | $0 |
| 2015 | $1,319 | $39,004 | $0 | $0 |
| 2014 | $5,244 | $273,895 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/26/2025 12/26/25 | Pending | -- | -- | -- | |
| 12/04/2025 12/04/25 | Price Changed | $459,900 | -7.1% | $42 / Sq Ft | |
| 11/21/2025 11/21/25 | Price Changed | $495,000 | -3.9% | $45 / Sq Ft | |
| 10/24/2025 10/24/25 | For Sale | $515,000 | +66.1% | $47 / Sq Ft | |
| 04/01/2024 04/01/24 | Sold | $310,000 | -11.4% | $28 / Sq Ft | View Prior Sale |
| 02/25/2024 02/25/24 | Pending | -- | -- | -- | |
| 02/22/2024 02/22/24 | For Sale | $349,900 | -- | $32 / Sq Ft |
Source: Stellar MLS
MLS Number: O6355283
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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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