A Rare Walk-to-Downtown Mount Dora Investment Opportunity Perfectly positioned in the heart of picturesque Mount Dora, this beautifully maintained income-producing property featuring two private residences offers an exceptional opportunity to own a turnkey investment in one of Florida's most beloved small towns. Just a short stroll from both Historic Downtown Mount Dora and the vibrant Uptown District, you'll enjoy the very best of this award-winning community. Consistently recognized by national publications as one of Florida's most charming destinations—including being named Florida's "Most Picturesque Small Town" by USA Today and celebrated by Southern Living, Travel + Leisure, and Country Living for its historic charm, boutique shopping, lakefront beauty, festivals, and exceptional quality of life—Mount Dora continues to attract residents and visitors alike. Leave the car behind and explore award-winning restaurants, cozy cafés, breweries, art galleries, live music, waterfront parks, year-round festivals, the Mount Dora Center for the Arts, tennis courts, the community pool, and the city's vibrant downtown—all just minutes from your front door. Situated on a generously sized corner lot with a beautiful park-like setting, the property offers mature landscaping, expansive green space, and a peaceful setting rarely found this close to downtown. Each of the two residences features a spacious 2-bedroom, 1.5-bath floor plan thoughtfully designed for comfortable living. Both residences enjoy their own fully fenced private backyard, providing an uncommon level of privacy and outdoor living space that tenants truly appreciate. One residence also includes the convenience of an attached garage, while the other benefits from a large storage shed, offering abundant space for tools, lawn equipment, bicycles, hobbies, or additional owner storage. Lovingly maintained over the years, the property reflects true pride of ownership and has attracted exceptional long-term tenants who have cared for the homes as their own. Whether you're looking to expand your real estate portfolio, seeking a turnkey investment with immediate income, or envision living in one residence while generating rental income from the other in the future, this versatile property offers outstanding flexibility and lasting value. With both residences occupied by exceptional long-term tenants, the new owner can begin enjoying reliable rental income from the day of closing—a rare advantage in today's market. Properties of this caliber, in this location, rarely become available. Combining immediate income, an unbeatable walk-to-town location, and the enduring appeal of Mount Dora, this is a truly exceptional investment opportunity. Investment opportunities offering two private residences, established long-term tenants, private fenced backyards, a beautiful corner lot, and an unbeatable walk-to-downtown Mount Dora location are exceptionally rare. Don't miss the chance to own a truly special property in one of Central Florida's most treasured communities. Approximately 25 minutes from Orlando and less than an hour from Florida's beautiful Atlantic beaches, this is more than an investment—it is an opportunity to own a piece of the Mount Dora lifestyle.
For sale
Price cut: $26K (10/3)
$499,000
125 N RHODES STREET, MOUNT DORA, FL 32757
4beds
4baths
1,570sqft
Duplex, Multi Family
Built in 1978
-- sqft lot
$488,800 Zestimate®
$318/sqft
$-- HOA
What's special
Attached garageLarge storage shedGenerously sized corner lotFully fenced private backyardMature landscapingExpansive green spaceBeautiful park-like setting
- 95 days
- 575
- 61
Zillow last checked:
Listing updated:
Listed by:
Elizabeth Downes 352-223-9326,
HEIRLOOM REALTY INTERNATIONAL 352-720-5962
Source: Stellar MLS,MLS#: O6422725
Originating MLS: Orlando Regional

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Central, Electric
Cooling
- Central Air
Appliances
- Laundry: In Garage
Features
- Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Walk-In Closet(s)
- Flooring: Ceramic Tile, Engineered Hardwood
- Windows: Window Treatments
- Has fireplace: No
Interior area
- Total interior livable area: 1,570 sqft
Property
Parking
- Total spaces: 1
- Parking features: Garage - Attached
- Attached garage spaces: 1
Lot
- Size: 10,200 Square Feet
Details
- Additional structures: Outbuilding
- Parcel number: 321927110000A00H00
- Zoning: RESIDENTIA
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex, Multi Family
- Attached to another structure: Yes
Materials
- Block, Brick
- Foundation: Slab
- Roof: Shingle
Condition
- New construction: No
- Year built: 1978
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected, Electricity Connected, Fiber Optics, Street Lights
Community & HOA
Community
- Pet fee: $0 monthly
- Subdivision: JAMESON'S PLAT
HOA
- Has HOA: No
Location
- Region: Mount Dora
Financial & listing details
- Price per square foot: $318/sqft
- Annual tax amount: $6,259
- Date on market: 7/9/2026
- Cumulative days on market: 95 days
- Ownership: Fee Simple
- Total actual rent: 0
- Electric utility on property: Yes
- Road surface type: Asphalt
Estimated market value
$488,800
$464,000 - $513,000
$1,623/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/3/2026 | Price change | $499,000-5%$318/sqft |
Source: | ||
| 9/8/2026 | Price change | $525,000-4.5%$334/sqft |
Source: | ||
| 7/9/2026 | Listed for sale | $550,000+96.4%$350/sqft |
Source: | ||
| 2/25/2020 | Listing removed | $1,100$1/sqft |
Source: GUNN PROPERTY SERVICES, LLC #G5026146 Report a problem | ||
| 2/14/2020 | Listed for rent | $1,100+10%$1/sqft |
Source: GUNN PROPERTY SERVICES, LLC #G5026146 Report a problem | ||
| 2/5/2019 | Listing removed | $1,000$1/sqft |
Source: Gunn Property Services, LLC Report a problem | ||
| 1/25/2019 | Listed for rent | $1,000$1/sqft |
Source: Gunn Property Services, LLC Report a problem | ||
| 12/17/2018 | Sold | $280,000-1.8%$178/sqft |
Source: Stellar MLS #G5007659 Report a problem | ||
| 10/19/2018 | Listed for sale | $285,000+58.3%$182/sqft |
Source: DAVE LOWE REALTY, INC. #G5007659 Report a problem | ||
| 7/13/2015 | Sold | $180,000-1.9%$115/sqft |
Source: Stellar MLS #G4811957 Report a problem | ||
| 4/30/2015 | Listed for sale | $183,500-0.8%$117/sqft |
Source: ERA GRIZZARD REAL ESTATE #G4811957 Report a problem | ||
| 12/2/2014 | Listing removed | $185,000$118/sqft |
Source: Owner Report a problem | ||
| 9/3/2014 | Listed for sale | $185,000$118/sqft |
Source: Owner Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment








