For Sale
Under Contract
$950,000
202 S BUMBY Avenue, Orlando, FL 32803
Residential Income, ORLANDO, FL
Property Size2,346 SF
Lot Size0.29 Acres
Price / SF$404.94
Days on Market13
Property Features for 202 S BUMBY Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
O-1/T/AN
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 6, Bathroom 3, Bedroom 5, Bedroom 3, Bedroom 4
Interior features
Ceiling Fans(s)
Exterior features
Outbuildings
Fireplace
1
Subdivision
HIGHPOINT
Lot features
City Limits
Directions
408 to Bumby exit to 202 S. Bumby ave.
Standard status
Active Under Contract
APN
30-22-30-3584-00-170
Size
2,346 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
HIGHPOINT K/102 LOTS 17 & 18 (LESS E 10FT FOR RD R/W)
Tax Annual Amount
6876
Legal Description
HIGHPOINT K/102 LOTS 17 & 18 (LESS E 10FT FOR RD R/W)
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1941
Floors in Building
2
Building materials
Block
Roof type
Shingle
Additional Structures
Outbuilding
Listing Agency:
ALL REAL ESTATE & INVESTMENTS
(407) 917-8206
Listed By:
Patti-Jo Jungreis · License #3128547
(352) 874-8909
Added: Aug 29
Changed: Sep 3
Last Checked: Sep 10 at 7:06AM
MLS# O6437607
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.
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
$33,283
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
3.50%
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%
$665,660
$665.7K
Cap Rate 7%
$475,471
$475.5K
Cap Rate 9%
$369,811
$369.8K
Market Conditions
NOI Build-Up for 2,346 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
$50.7K $21.60/SF
− Vacancy
−$3.1K −$1.33/SF
EGI
$47.5K $20.27/SF
− OpEx
−$14.3K −$6.08/SF
NOI
$33.3K $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%
$665,660
Cap Rate 7%
$475,471
Cap Rate 9%
$369,811
Alternative Uses
Best Use
Multifamily LT 5
$475.5K
$416.0K – $554.7K
NOI $33,283 @ 7.0% cap · market cap 3.50%
Second Best
Apartment 5plus
$434.3K
$380.0K – $506.7K
NOI $30,402 @ 7.0% cap · market cap 3.20%
Theoretical Best
Office A
$755.7K
$661.3K – $881.7K
NOI $52,901 @ 7.0% cap · market cap 5.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
983
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
Where is this multifamily property located?
The property is located at 202 S BUMBY Avenue Orlando, FL.
What is the asking price?
The asking price for this property is $950,000.
