Duplex-Ready Townhome with Separate In-Law
For Sale
$260,000
135 Orchid Dr., Davenport, FL 33897
MULTI_FAMILY - Other - Davenport, FL
Property Size1,748 SF
Lot Size0.02 Acres
Price / SF$148.74
Days on Market133
Property Features for 135 Orchid Dr.
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 3, Bathroom 3, Bedroom 1, Laundry Room
Patio and Porch features
Patio
Interior features
Walk-In Closet(s), Entrance Foyer
Directions
FROM KISSIMMEE, HEAD WEST ON IRLO BRONSON MEMORIAL BLVD 9HWY 192). STAY ON THE LEFT LANE TOWARDS DAVENPORT. DRIVE SOUTH ON HWY 27 FOR ABOUT 3 MILES. TURN RIGHT ON SAND MINE RD. TURN RIGHT IN TO ISLAND CLUB WEST (CARIBBEAN DR). TURN LEFT ON ORCHID DRIVE. PROPERTY WILL BE ON THE LEFT HAND SIDE. FROM ORLANDO, TAKE I-4 WEST. TAKE EXIT 55. STAY ON THE LEFT LANE TOWARDS NORTH HWY 27. TURN LEFT ON HWY 27. TURN LEFT ON SAND MINE RD. TURN RIGHT IN TO ISLAND CLUB WEST (CARIBBEAN DR). TURN LEFT ON ORCHID DRIVE. PROPERTY WILL BE ON THE LEFT HAND SIDE.
Standard status
Active
APN
26-25-14-999986-220850
Size
1,748 SF
Lot size
0.02 Acres
Taxes and HOA fees
HOA Fee
$220 Monthly
Utilities
Heating system
Electric (Heating), Hot Water(Heating)
Water source
Public
Amenities
heated pool
heated spa
steam room
sauna
fitness center
tennis court
pickleball court
basketball court
sand volleyball
clubhouse
washer/dryer
Building Details
Year built
2002
Flooring type
Vinyl, Laminate
Building materials
Stucco
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Elite Realty Agency, LLC
(407) 536-7854
Listed By:
Zoraya Colon
(407) 536-7854
Added: Apr 7
Changed: Aug 4
Last Checked: Aug 17 at 4:06AM
MLS# 11687221
Copyright © 2026 My State 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 duplex-ready townhome features four bedrooms and three bathrooms, with an open layout that includes an eat-in kitchen space. An in-law suite is located downstairs with a private outside entrance and a separate bathroom, supporting a duplex-style setup if converted. Interior conveniences include an attached washer and dryer, and primary-level details such as a skylight in the master bath, plus additional storage space in the primary bathroom area. The second-floor layout includes the master and two additional bedrooms, with a second-floor bathroom positioned between two of the bedrooms.
Built in 2002, the home has stucco construction and an asphalt roof, with laminate and vinyl flooring throughout. Heating is electric with hot water, and the property includes public water and a patio.
Set in Island Club West, residents have access to an in-house association office inside the community clubhouse, along with amenities including a heated pool, heated spa, steam room, sauna, fitness center, tennis court, pickleball court, basketball court, and sand volleyball.
Conveniently located near shops, banks, restaurants, and medical offices, the community is less than 4 miles to Hwy 192 and less than 7 miles to I-4.
Built in 2002, the home has stucco construction and an asphalt roof, with laminate and vinyl flooring throughout. Heating is electric with hot water, and the property includes public water and a patio.
Set in Island Club West, residents have access to an in-house association office inside the community clubhouse, along with amenities including a heated pool, heated spa, steam room, sauna, fitness center, tennis court, pickleball court, basketball court, and sand volleyball.
Conveniently located near shops, banks, restaurants, and medical offices, the community is less than 4 miles to Hwy 192 and less than 7 miles to I-4.
Key Highlights
- Duplex‑ready setup with an attached in‑law suite and private outside entrance
- 4 bedrooms and 3 bathrooms with an eat‑in kitchen and open main layout
- 1,748 SF townhome on a 0.02‑acre lot, built in 2002
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
$18,534
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
7.13%
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%
$370,680
$370.7K
Cap Rate 7%
$264,771
$264.8K
Cap Rate 9%
$205,933
$205.9K
Market Conditions
NOI Build-Up for 1,748 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
$28.3K $16.20/SF
− Vacancy
−$1.8K −$1.05/SF
EGI
$26.5K $15.15/SF
− OpEx
−$7.9K −$4.54/SF
NOI
$18.5K $10.60/SF
Area
Polk County, FL
Vacancy
6.50%
Lease Rate
$16.20 /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%
$370,680
Cap Rate 7%
$264,771
Cap Rate 9%
$205,933
Alternative Uses
Best Use
Multifamily LT 5
$264.8K
$231.7K – $308.9K
NOI $18,534 @ 7.0% cap · market cap 7.13%
Second Best
Apartment 5plus
$236.5K
$207.0K – $276.0K
NOI $16,557 @ 7.0% cap · market cap 6.37%
Theoretical Best
Office A
$420.1K
$367.6K – $490.1K
NOI $29,404 @ 7.0% cap · market cap 11.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
345
Businesses Nearby
Explore this area
Business Placement
Demographics for 33897, FL
25,352
Population
13,291
Households
1.9
Avg Household Size
38
Median Age
28%
College-Educated
94%
High-School Grad
41.8 sq mi
ZIP Area
607
Density / Sq Mi
$73,457
Median Household Income
$36,154
Median Earnings
$1,880
Median Rent
$279,100
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 - Townhome with an attached in-law suite and private entrance that can be converted into a duplex for flexible living.
Where is this duplex located?
The property is located at 135 Orchid Dr. Davenport, FL.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Duplex‑ready setup with an attached in‑law suite and private outside entrance; 4 bedrooms and 3 bathrooms with an eat‑in kitchen and open main layout; 1,748 SF townhome on a 0.02‑acre lot, built in 2002
