Commercial Sale · Multi Family (5+)
61 N CENTRAL AVENUE, UMATILLA, FL, 32784
Active91 days on marketListed May 5, 2026MLS #G5111453
About this property
The property at a glance
Positioned in the heart of downtown Umatilla, this versatile mixed-use property presents a strong income-producing opportunity with both residential and commercial components. The second-floor features three well-maintained 1-bedroom, 1-bath apartments, all updated with interior paint and remodeling completed in 2015, offering comfortable living spaces ideal for steady rental income. The ground floor is currently configured as a salon/hair studio, with excellent visibility and storefront presence. The layout provides flexibility to accommodate a single user or be demised into two separate commercial units, each with its own entrance and display windows ideal for retail or service-oriented tenants. Additional value is found at the rear of the property, where a detached garage offers potential for supplemental rental income or on-site storage. Parking is conveniently available both curbside and behind the building. Capital improvements include a roof replacement in 2014, along with new gutters and downspouts, and exterior stucco and paint completed in 2015—reducing near-term maintenance concerns. With its central location, multiple income streams, and adaptable layout, this property represents an excellent opportunity for investors or owner-users seeking a foothold in a growing downtown market.
4,071
Building sq ft
$116
Price / sq ft
0.09
Lot acres
1941
Year built
4
Units
1
Building
C-1
Zoning
Multi Family (5+)
Property type
The numbers
Investment snapshot
7.43%
Cap rate
$35,264
Net operating income
$49,200
Gross income (yr)
$118,500
Price / unit
4
Units
Estimated payment (illustrative)
Estimated payment
$2,819/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 Kelly 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
53
Population
$70,023
Median income
49
Median age
2
Avg household
$243,924
Median home value
$1,054/mo
Median rent
8%
Households w/ kids
Consumer profile
Do you know where your food comes from? These people do, and they want to share their love for farming and simple living with the community.
The only thing more beautiful than handmade decor? The hands that made it. This population appreciates the time and care put into one-of-a-kind pieces.
Passionate about animal welfare, this population wants to know how best to care for their own pets (with toys and training) and help other animals find their fur-ever home.
These people are hunting discounts, contests, and promotions. The population loves a good sale, and they can't wait to share their bargain finds and winnings with friends and family.
These folks are conscious about what they eat. They're looking for ingredients that not only taste great, but also have great nutritional benefits.
Passionate about style, smart chic searches high and low for the perfect look - but not one that will break the bank.
Recent sales
What actually sold near 61 N CENTRAL AVENUE
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$415,000
41333 STATE ROAD 19
3,086 sqft · $134/sqft · Sold Dec 17, 2024
$600,000
2599 W COUNTY ROAD 44
2,400 sqft · $250/sqft · Sold Oct 14, 2025
$598,000
243 S CENTRAL AVENUE
1,961 sqft · $305/sqft · Sold Jul 1, 2026
Your team
The pros in your corner
Your agent
Kelly Baker
Sales associate · CENTURY 21 Edge
Tours, offers, and every question about 61 N CENTRAL AVENUE — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 61 N CENTRAL AVENUE.
See it in person
Schedule a tour
Pick a day that works — this goes straight to Kelly's phone and CRM.
Listing courtesy of EXP REALTY LLC · Monica McDonald. MLS #G5111453.
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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