Duplex with
For Sale
$699,000
1612 & 1614 FERRIS Avenue, Orlando, FL 32803
Residential Income, ORLANDO, FL
Property Size1,825 SF
Lot Size0.15 Acres
Price / SF$383.01
Days on Market196
Property Features for 1612 & 1614 FERRIS Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R2
Rooms
Dining Room
Parking features
Driveway
Window features
Shutters
Pets allowed
Dogs OK, Cats OK, Yes
Interior features
Ceiling Fans(s), Living Room/Dining Room Combo
Exterior features
Balcony
Appliances
Cooktop, Dryer, Microwave, Refrigerator, Washer
Subdivision
WISSAHICKON H/44 LOT 40 BLK A
Directions
From Orange Ave, near Lake Ivanhoe, go east on Virginia Dr, then left on Ferris Ave. House on Left.
Standard status
Active
APN
13-22-29-9429-01-400
Size
1,825 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
WISSAHICKON H/44 LOT 40 BLK A
Tax Annual Amount
6392
Legal Description
WISSAHICKON H/44 LOT 40 BLK A
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1960
Floors in Building
1
Number of units
2
Flooring type
Tile - Ceramic, Vinyl
Building materials
Stucco
Roof type
Slate
Listing Agency:
LPT REALTY, LLC
(877) 366-2213
Listed By:
Andres Ospina Rivera · License #3293879
(321) 821-8446
Added: Feb 20
Changed: Aug 28
Last Checked: Sep 4 at 1:06AM
MLS# O6382905
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 duplex contains 1,825 square feet across two residential units. One unit provides three bedrooms and one bathroom, while the second offers two bedrooms and one bathroom. Interior features include ceiling fans and a combined living and dining area, with ceramic tile and vinyl flooring throughout the property. Central heating and central air serve the building, and the exterior includes a balcony, stucco construction, a slate roof, and driveway parking.
Built in 1960, the property occupies 0.15 acres and is served by public water and public sewer. It is located on Ferris Avenue in Orlando, near S Lake Formosa Dr and the Harry P. Leu Gardens, Orlando Science Center, Mannello Museum of American Art, and Orlando Shakespeare Theatre. The Mills 50 district, with bars, restaurants, and cafes, is also nearby.
Built in 1960, the property occupies 0.15 acres and is served by public water and public sewer. It is located on Ferris Avenue in Orlando, near S Lake Formosa Dr and the Harry P. Leu Gardens, Orlando Science Center, Mannello Museum of American Art, and Orlando Shakespeare Theatre. The Mills 50 district, with bars, restaurants, and cafes, is also nearby.
Key Highlights
- Two‑unit duplex totaling 1,825 square feet
- Unit mix includes 3 bedrooms/1 bathroom and 2 bedrooms/1 bathroom
- 0.15‑acre property built in 1960
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
$25,891
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
3.70%
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%
$517,820
$517.8K
Cap Rate 7%
$369,871
$369.9K
Cap Rate 9%
$287,678
$287.7K
Market Conditions
NOI Build-Up for 1,825 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
$39.4K $21.60/SF
− Vacancy
−$2.4K −$1.33/SF
EGI
$37.0K $20.27/SF
− OpEx
−$11.1K −$6.08/SF
NOI
$25.9K $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%
$517,820
Cap Rate 7%
$369,871
Cap Rate 9%
$287,678
Alternative Uses
Best Use
Multifamily LT 5
$369.9K
$323.6K – $431.5K
NOI $25,891 @ 7.0% cap · market cap 3.70%
Second Best
Apartment 5plus
$337.9K
$295.6K – $394.2K
NOI $23,650 @ 7.0% cap · market cap 3.38%
Theoretical Best
Office A
$587.9K
$514.4K – $685.9K
NOI $41,153 @ 7.0% cap · market cap 5.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,071
Businesses Nearby
Explore this area
Business Placement
Demographics for 32803, FL
21,003
Population
12,225
Households
1.7
Avg Household Size
38
Median Age
59%
College-Educated
96%
High-School Grad
6.8 sq mi
ZIP Area
3,089
Density / Sq Mi
$101,401
Median Household Income
$61,439
Median Earnings
$1,823
Median Rent
$421,300
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 - R2-zoned residential income property with central air, driveway parking, and public water and sewer.
Where is this duplex located?
The property is located at 1612 & 1614 FERRIS Avenue Orlando, FL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,825 square feet; Unit mix includes 3 bedrooms/1 bathroom and 2 bedrooms/1 bathroom; 0.15‑acre property built in 1960
