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    Orlando Duplex with High Income

    1612 & 1614 FERRIS AVENUE Orlando, FL 32803

    1612 & 1614 FERRIS AVENUE, Orlando, FL, 32803
    $699,000
    For Sale
    Claim this Listing
    $699,000

    Duplex - ORLANDO, FL

    Property Size1,825 SF
    Lot Size0.15 Acres
    Price / SF$383.01
    AddedFeb 20
    Days on Market146
    Last RefreshJul 16 at 11:06 am

    Property Features for 1612 & 1614 FERRIS AVENUE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Zoning
    R2
    Parking features
    Carport, Driveway
    Security features
    Fire Alarm
    Pets allowed
    Cats OK, Dogs OK, Yes
    Interior features
    Ceiling Fans(s), Living Room/Dining Room Combo
    Exterior features
    Balcony
    Appliances
    Cooktop, Dryer, Microwave, Refrigerator
    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 Annual Amount
    6392

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1960
    Number of units
    2
    Flooring type
    Tile, Tile - Ceramic, Vinyl
    Building materials
    Stucco
    Roof type
    Slate
    Architectural style
    Other

    Listing agent Andres Ospina Rivera License #3293879

    Listing office LPT REALTY, LLC 1400 South International Parkw, Lake Mary, FL

    Listing date Feb 20, 2026

    MLS# O6382905 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.

    Investment Insights

    Based on property information with market context.

    This duplex property, located in a prime Orlando location, presents a multifamily investment opportunity. The property consists of two units. One unit features 3 bedrooms and 1 bathroom and is currently rented for $3,500 per month. The second unit includes 2 bedrooms and 1 bathroom and is rented for $3,300 per month. The property size is 1825 square feet, situated on a 0.15-acre lot. Located just a 2-minute walk from S Lake Formosa Dr, the property is near Harry P. Leu Gardens, the Orlando Science Center, the Mannello Museum of American Art, and the Orlando Shakespeare Theatre, as well as various bars, restaurants, and cafes in the Mills 50 district. The property is zoned R2. The sale price does not include the furniture, but it is negotiable for an additional cost, offering a turnkey opportunity for immediate occupancy or rental. Seller financing is available.

    Key Highlights

    • High Rental Income Potential: Earn $6,800 per month from both units.
    • Prime Location: A 2‑minute walk to S Lake Formosa Dr and near attractions in the Mills 50 district.
    • Two Units: Features a 3‑bedroom, 1‑bathroom unit and a 2‑bedroom, 1‑bathroom unit.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    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.

    Component $ $/SF
    Gross rent $39.4k $21.60
    − Vacancy −$2.4k −$1.33
    EGI $37.0k $20.27
    − OpEx −$11.1k −$6.08
    NOI $25.9k $14.19
    1,825 SF · lease $21.60/SF/yr · vacancy 6.17% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $369.9K
    $323.6K – $431.5K (±1% cap)
    NOI $25,891 @ 7.0% cap · market cap 3.70%
    Second Best
    Apartment 5plus
    $337.9K
    $295.6K – $394.2K (±1% cap)
    NOI $23,650 @ 7.0% cap · market cap 3.38%
    Theoretical Best
    Office A
    $587.9K
    $514.4K – $685.9K (±1% cap)
    NOI $41,153 @ 7.0% cap · market cap 5.89%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Locksmith (Bike/Boat/Book/etc) Store Electrical Service (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Pet Store Pet Store & Service Restaurant Tanning Salon

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

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    FAQs

    What type of property is this?
    Duplex - Duplex in prime location with high rental income potential.
    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: High Rental Income Potential: Earn $6,800 per month from both units.; Prime Location: A 2‑minute walk to S Lake Formosa Dr and near attractions in the Mills 50 district.; Two Units: Features a 3‑bedroom, 1‑bathroom unit and a 2‑bedroom, 1‑bathroom unit.
    Contact an agent
    (321) 821-8446
    We can help!
    Contact an agent
    Andres Ospina Rivera
    Real Estate License ID: 3293879
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