Two-Unit Duplex with
For Sale
Under Contract
$535,000
1402 & 1404 PLEASANT OAK Lane, Orlando, FL 32804
Residential Income, ORLANDO, FL
Property Size2,113 SF
Lot Size0.25 Acres
Price / SF$253.19
Days on Market67
Property Features for 1402 & 1404 PLEASANT OAK Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-2
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 4, Bedroom 2, Bathroom 4, Bathroom 3
Parking features
Driveway, On Street
Patio and Porch features
Porch
Pets allowed
Yes
Interior features
Ceiling Fans(s), Eat-in Kitchen, Thermostat
Exterior features
Fence, Sidewalk
Fencing
Fenced
Appliances
Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator
Subdivision
TWIN OAKS
Lot features
In County, Sidewalk, Paved, Unincorporated
Elementary school
Killarney Elem
Middle school
College Park Middle
High school
Edgewater High
Directions
From Lee Rd and Edgewater head Southeast on Edgewater. Take a left onto Goddard Ave and an immediate right onto Pleasant Oak. Duplex is down on the right. Park on the left side driveway and do not disturb the tenants on the right. From Edgewater and Fairbanks head Northwest on Edgewater. Turn right on Goddard Ave and an immediate right onto Pleasant Oak. Duplex is down on the right. Park on the left side driveway and do not disturb the tenants on the right.
Standard status
Active Under Contract
APN
03-22-29-8810-00-350
Size
2,113 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
TWIN OAKS 12/23 LOT 35
Tax Annual Amount
6339
Legal Description
TWIN OAKS 12/23 LOT 35
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Amenities
attached garage
screened-in patios
fenced backyards
Building Details
Year built
1983
Floors in Building
1
Number of units
2
Flooring type
Tile
Building materials
Block, Stucco
Roof type
Shingle
Listing Agency:
ONE OAK REALTY CORP
(407) 906-1625
Listed By:
Neil Payne
(407) 301-9065
Added: Jul 3
Changed: Sep 4
Last Checked: Sep 7 at 3:06AM
MLS# O6422684
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 1983 duplex contains two residences with a combined 2,113 square feet. Each side offers over 1,050 square feet, arranged with two bedrooms and two bathrooms. Both units include an attached single-car garage, a screened patio, and a fully fenced private backyard. Interior features include tile flooring, ceiling fans, eat-in kitchens, thermostats, dishwashers, ranges, refrigerators, microwaves, and electric water heaters. The building has block and stucco construction, shingle roofing, central air, and central electric heating.
The property is located at 1402 & 1404 Pleasant Oak Lane in Orlando’s 32804 ZIP code. Downtown College Park dining and boutiques are approximately 5 minutes away, while Winter Park Village, Park Avenue, Downtown Orlando, and Lake Eola are listed at approximately 10 minutes. Wekiwa Springs is approximately 17 minutes away, and Orlando International Airport is approximately 25 minutes away. Public water, septic service, and cable availability are provided.
The property is located at 1402 & 1404 Pleasant Oak Lane in Orlando’s 32804 ZIP code. Downtown College Park dining and boutiques are approximately 5 minutes away, while Winter Park Village, Park Avenue, Downtown Orlando, and Lake Eola are listed at approximately 10 minutes. Wekiwa Springs is approximately 17 minutes away, and Orlando International Airport is approximately 25 minutes away. Public water, septic service, and cable availability are provided.
Key Highlights
- Two‑unit duplex with 2,113 square feet of total property size
- Each unit offers over 1,050 square feet with 2 bedrooms and 2 bathrooms
- Attached single‑car garage included with both units
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
$29,977
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
5.60%
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%
$599,540
$599.5K
Cap Rate 7%
$428,243
$428.2K
Cap Rate 9%
$333,078
$333.1K
Market Conditions
NOI Build-Up for 2,113 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
$45.6K $21.60/SF
− Vacancy
−$2.8K −$1.33/SF
EGI
$42.8K $20.27/SF
− OpEx
−$12.8K −$6.08/SF
NOI
$30.0K $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%
$599,540
Cap Rate 7%
$428,243
Cap Rate 9%
$333,078
Alternative Uses
Best Use
Multifamily LT 5
$428.2K
$374.7K – $499.6K
NOI $29,977 @ 7.0% cap · market cap 5.60%
Second Best
Apartment 5plus
$391.2K
$342.3K – $456.4K
NOI $27,383 @ 7.0% cap · market cap 5.12%
Theoretical Best
Office A
$680.7K
$595.6K – $794.1K
NOI $47,647 @ 7.0% cap · market cap 8.91%
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
1,097
Businesses Nearby
Explore this area
Business Placement
Demographics for 32804, FL
19,084
Population
10,127
Households
1.9
Avg Household Size
40
Median Age
61%
College-Educated
97%
High-School Grad
7.2 sq mi
ZIP Area
2,651
Density / Sq Mi
$113,466
Median Household Income
$61,227
Median Earnings
$1,717
Median Rent
$498,700
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 - R-2 duplex with private fenced yards, screened patios, and separate attached garages for each residence.
Where is this duplex located?
The property is located at 1402 & 1404 PLEASANT OAK Lane Orlando, FL.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,113 square feet of total property size; Each unit offers over 1,050 square feet with 2 bedrooms and 2 bathrooms; Attached single‑car garage included with both units
