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    St. Cloud Triplex Investment Title is generated by Realmo AI

    1015 OHIO AVENUE, Saint Cloud, FL 34769

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    Pending
    $325,000

    Triplex - ST CLOUD, FL

    Type:Triplex
    Property size:
    1,444 SF
    Lot size:
    0.16 Acres
    Added:
    Jan 8, 2026
    Days on Market:
    130
    Last Refresh:
    May 18 at 7:06 am

    Property Features for 1015 OHIO AVENUE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Triplex
    Zoning
    SR3
    Bedrooms
    2
    Rooms
    Bedroom 1, Bedroom 2
    Pets allowed
    Yes
    Interior features
    Open Floorplan, Primary Bedroom Main Floor
    Exterior features
    Paved
    Appliances
    Range, Refrigerator
    Standard status
    Pending
    APN
    01-26-30-0001-0165-0170
    Size
    1,444 SF
    Lot size
    0.16 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    4308.54

    Utilities

    Heating system
    Central
    Cooling system
    Central Air, Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1922
    Number of units
    3
    Flooring type
    Vinyl
    Building materials
    Block, Frame
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Kevin Kendrick
    Kevin Kendrick

    Listing agent Kevin Kendrick License #3234759

    Listing office EXP REALTY LLC 9145 Narcoossee Rd #A206, Jacksonville, FL

    Listing date Jan 8, 2026

    MLS# O6371886 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime Investment Opportunity: Triplex with income‑generating potential.
    • Desirable Location: Close to Key Food Fresh Supermarket, Centennial Park, and St. Cloud High School.
    • Three Comfortable Units: Includes one 2‑bedroom, 1‑bathroom unit.
    • Smart Floor Plans: Maximize space, attract quality renters.
    • Steady Rental Demand: Consistent occupancy rates in the established St. Cloud community.
    • Durable Construction: Built with block and frame, featuring vinyl flooring and shingle roof.

    Overview

    Located in St. Cloud, Florida, this triplex presents an investment opportunity. The multi-family property features three units, with one unit containing two bedrooms and one bathroom. The floor plans are designed to maximize space. Residents have convenient access to Key Food Fresh Supermarket and Centennial Park. St. Cloud High School is also nearby. The property is situated within the established St. Cloud community, which experiences steady demand for rental housing. The lot size is 0.16 acres, and the property size is 1444 square feet. The property is zoned SR3.

    Financial Insights

    Value Estimation Calculated for Multifamily LT 5

    Conservative
    $214.0K
    NOI $19,259 @ 9.00% cap · cautious / downside scenario
    Moderate
    $275.1K
    NOI $19,259 @ 7.00% cap · market / base-case scenario
    Aggressive
    $385.2K
    NOI $19,259 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.
         Calculated for Multifamily LT 5

    Component $ $/SF
    Gross rent $29.5k $20.40
    − Vacancy −$1.9k −$1.35
    EGI $27.5k $19.05
    − OpEx −$8.3k −$5.72
    NOI $19.3k $13.34
    1,444 SF · lease $20.40/SF/yr · vacancy 6.60% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Multifamily LT 5
    $275.1K
    $240.7K – $321.0K (±1% cap)
    NOI $19,259 @ 7.0% cap · market cap 5.93%
    Second Best
    Apartment 5plus
    $253.3K
    $221.7K – $295.6K (±1% cap)
    NOI $17,733 @ 7.0% cap · market cap 5.46%
    Theoretical Best
    Specialty Retail
    $446.5K
    $390.7K – $520.9K (±1% cap)
    NOI $31,255 @ 7.0% cap · market cap 9.62%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Saint Cloud
    County
    Osceola
    State
    Florida
    Longitude
    -81.279805
    Latitude
    28.248339

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    FAQs

    What type of property is this?
    Triplex - Triplex in St. Cloud with income potential.
    Where is this triplex located?
    The property is located at 1015 OHIO AVENUE Saint Cloud, FL.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: Prime Investment Opportunity: Triplex with income‑generating potential.; Desirable Location: Close to Key Food Fresh Supermarket, Centennial Park, and St. Cloud High School.; Three Comfortable Units: Includes one 2‑bedroom, 1‑bathroom unit.
    (407) 271-1854
    We can help!
    Listing Contact
    Kevin Kendrick
    Kevin Kendrick
    Real Estate License ID: 3234759
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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