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    1921 E Jefferson St Orlando, FL 32803

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    Sponsored
    For Sale
    $739,000

    Triplex - ORLANDO, FL

    Type:Triplex
    Property size:
    1,699 SF
    Lot size:
    0.19 Acres
    Days on Market:
    8
    Last Refresh:
    Mar 30 at 3:06 am

    Property Features for 1921 E Jefferson St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Triplex
    Standard status
    Active
    Zoning
    R-2A/T/HP/
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    APN
    30-22-30-7656-01-250
    Interior features
    Ceiling Fans(s), Open Floorplan
    Exterior features
    Awning(s)
    Fireplace
    1
    Appliances
    Microwave, Range, Refrigerator
    Size
    1,699 SF
    Lot size
    0.19 Acres

    Utilities

    Heating system
    Electric (Heating), Fireplace(s)
    Cooling system
    Central Air

    Building Details

    Year built
    1940
    Number of units
    3
    Flooring type
    Carpet, Tile
    Building materials
    Block, Concrete
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Drew Belani

    Compass

    Listing agent Drew Belani License #3235743

    Listing date Mar 23, 2026

    MLS# O6391055 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.

    Learn more

    Property Insight Report

    Overview

    Turn-Key Triplex in Orlando's Milk District

    This triplex presents a turn-key investment opportunity in Orlando’s Milk District. Situated on a corner lot, this multi-family property generates $59,000 in gross annual revenue. The property consists of a duplex with a detached Accessory Dwelling Unit (ADU) and offers street and driveway parking. The two-bedroom, one-bathroom unit in the duplex was updated in 2022 with new cabinets, quartz countertops, carpet, and bathroom vanity, along with fresh paint. The one-bedroom, one-bathroom unit features newer kitchen cabinets and countertop, quality appliances, and a fireplace. The duplex has central AC, which was replaced in 2023. The detached studio ADU includes tile flooring, a renovated bathroom, AC installed in 2024, and a new water heater from 2023. All units share an onsite laundry room equipped with a new washer and dryer replaced in 2024. A shared courtyard with a bird fountain provides a common area. The property is located near Milk District establishments such as Sideward Brewing, Otto's, and Stasio's Italian Kitchen, and is walkable to cultural venues like Festival Park & the Plaza Live, as well as Thornton Park & Lake Eola. Colonial Town Plaza, Publix, and Aldi are nearby. The property offers access to the 408 Expressway and is a 20-25 minute drive from Orlando International Airport. The property is located in Orlando, Florida, and is zoned R-2A/T/HP/.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Law Firm Nail Salon Building Supply Daycare Center Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Brevard
    State
    Florida
    Longitude
    -81.356251
    Latitude
    28.54522

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    FAQs

    What type of property is this?
    Triplex - Triplex in Orlando's Milk District, generating $59,000 gross revenue.
    Where is this triplex located?
    The property is located at 1921 E Jefferson St Orlando, FL.
    What is the asking price?
    The asking price for this property is $739,000.
    What are key features of this property?
    This property features: - Turn-key tri-plex investment property in Orlando's Milk District generating $59,000 gross annual revenue.; - Prime location within walking distance to Milk District establishments, cultural events, Thornton Park, and Lake Eola.; - Updated units: Two-bedroom unit renovated in 2022; ADU with renovated bathroom and new AC (2024).
    (407) 203-9441
    Request Owner's contact information
    1921 E Jefferson St Orlando, FL 32803
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    Orlando, FL 32803
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1921 E Jefferson St Orlando, FL 32803
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    Listing Contact
    Drew Belani
    Real Estate License ID: 3235743
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