Renovated Two-Bedroom
For Sale
Under Contract
$235,500
12225 CORAL REEF Drive, Orlando, FL 32826
Residential, ORLANDO, FL
Property Size837 SF
Lot Size0.13 Acres
Price / SF$281.36
Days on Market25
Property Features for 12225 CORAL REEF Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-2
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Bedroom 1, Dining Room, Bedroom 2
Interior features
Ceiling Fans(s), Living Room/Dining Room Combo, Open Floorplan, Solid Surface Counters
Exterior features
Lighting, Sidewalk, Sliding Doors
Appliances
Dishwasher, Microwave, Range
Subdivision
UNIVERSITY PLACE
Directions
Get on FL-417 N in Hunters Creek from John Young Pkwy. Follow FL-417 N and FL-408 E to Challenger Pkwy in Alafaya. Continue on Challenger Pkwy. Drive to Coral Reef Dr in University.
Standard status
Active Under Contract
APN
15-22-31-8810-00-450
Size
837 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
UNIVERSITY PLACE UNIT 1 10/137 THE W1/2OF LOT 45
Tax Annual Amount
3201
Legal Description
UNIVERSITY PLACE UNIT 1 10/137 THE W1/2OF LOT 45
Utilities
Utilities
Water Available
Sewer type
Septic Tank
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
private driveway
patio
outdoor storage closet
Building Details
Year built
1982
Floors in Building
1
Flooring type
Vinyl
Building materials
Concrete
Roof type
Shingle
Listing Agency:
PROFESSIONAL REAL ESTATE TEAM
(407) 483-4964
Listed By:
Diana Perez · License #3187927
(407) 483-4964
Added: Jul 31
Changed: Aug 20
Last Checked: Aug 24 at 5:06AM
MLS# S5154562
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.
Investment Insights
Based on property information with market context.
This renovated duplex offers 837 square feet with two bedrooms and two bathrooms. Improvements include a new roof, HVAC system, water heater, cabinetry, quartz countertops, stainless steel appliances, flooring, paint, and light fixtures. The interior combines living and dining areas in an open arrangement, with vinyl flooring, ceiling fans, solid surface counters, and central air. Concrete construction, a shingle roof, public water, and septic service are also provided.
Exterior features include a private driveway, patio, sliding doors, sidewalk access, lighting, and an outdoor storage closet. The property sits on 0.13 acres and is zoned R-2. Its Orlando setting places it near the University of Central Florida, Valencia College, and Waterford Lakes Town Center.
Exterior features include a private driveway, patio, sliding doors, sidewalk access, lighting, and an outdoor storage closet. The property sits on 0.13 acres and is zoned R-2. Its Orlando setting places it near the University of Central Florida, Valencia College, and Waterford Lakes Town Center.
Key Highlights
- Renovated duplex with 837 square feet, two bedrooms, and two bathrooms
- New roof, HVAC system, water heater, flooring, paint, and light fixtures
- Kitchen and bathroom cabinetry upgraded with quartz countertops
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,875
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$237,500
$237.5K
Cap Rate 7%
$169,643
$169.6K
Cap Rate 9%
$131,944
$131.9K
Market Conditions
NOI Build-Up for 837 SF
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.
Gross rent
$18.1K $21.60/SF
− Vacancy
−$1.1K −$1.33/SF
EGI
$17.0K $20.27/SF
− OpEx
−$5.1K −$6.08/SF
NOI
$11.9K $14.19/SF
Area
Orlando, FL
Vacancy
6.17%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$237,500
Cap Rate 7%
$169,643
Cap Rate 9%
$131,944
Alternative Uses
Best Use
Multifamily LT 5
$169.6K
$148.4K – $197.9K
NOI $11,875 @ 7.0% cap · market cap 5.04%
Second Best
Apartment 5plus
$155.0K
$135.6K – $180.8K
NOI $10,847 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$269.6K
$235.9K – $314.6K
NOI $18,874 @ 7.0% cap · market cap 8.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
440
Businesses Nearby
Explore this area
Business Placement
Demographics for 32826, FL
33,065
Population
10,714
Households
3.1
Avg Household Size
25
Median Age
34%
College-Educated
90%
High-School Grad
7.3 sq mi
ZIP Area
4,529
Density / Sq Mi
$61,784
Median Household Income
$27,066
Median Earnings
$1,478
Median Rent
$224,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Open-plan layout with a private driveway, patio, and exterior storage closet in R-2 zoning.
Where is this duplex located?
The property is located at 12225 CORAL REEF Drive Orlando, FL.
What is the asking price?
The asking price for this property is $235,500.
What are key features of this property?
This property features: Renovated duplex with 837 square feet, two bedrooms, and two bathrooms; New roof, HVAC system, water heater, flooring, paint, and light fixtures; Kitchen and bathroom cabinetry upgraded with quartz countertops
