Updated Duplex Unit with Fenced
For Sale
Under Contract
$229,000
20644 MACON Parkway, Orlando, FL 32833
Residential, ORLANDO, FL
Property Size1,062 SF
Lot Size0.12 Acres
Price / SF$215.63
Days on Market11
Property Features for 20644 MACON Parkway
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-3
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1
Patio and Porch features
Deck, Patio, Porch
Pets allowed
Yes
Interior features
Ceiling Fans(s), High Ceilings
Exterior features
Sidewalk
Fencing
Fenced
Appliances
Dishwasher, Microwave, Range, Refrigerator
Subdivision
WEDGEFIELD/ROCKET CITY
Lot features
In County, Near Golf Course, Sidewalk, Paved, Unincorporated
Elementary school
Wedgefield
Middle school
Wedgefield
High school
East River High
Directions
From SR-520, turn onto Macon Parkway and continue on Macon Parkway to 20644 Macon Parkway. Property will be on the right.
Standard status
Active Under Contract
APN
01-23-32-7597-21-051
Size
1,062 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ROCKET CITY UNIT 1 Z/29 A/K/A CAPE ORLANDO ESTATES UNIT 1 1855/292 THE E1/2 OF LOT 5 BLK 21
Tax Annual Amount
3646
Legal Description
ROCKET CITY UNIT 1 Z/29 A/K/A CAPE ORLANDO ESTATES UNIT 1 1855/292 THE E1/2 OF LOT 5 BLK 21
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1990
Floors in Building
1
Flooring type
Laminate, Tile
Building materials
Frame
Roof type
Shingle
Listing Agency:
KELLER WILLIAMS WINTER PARK · Keller Williams Realty
(407) 545-6430
Listed By:
Logan Coon
(407) 775-1904
Added: Aug 28
Changed: Sep 3
Last Checked: Sep 7 at 3:06AM
MLS# O6437741
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 1,062-square-foot portion of a duplex, built in 1990, includes two bedrooms and two bathrooms. The interior features high ceilings, ceiling fans, laminate and tile flooring, and a kitchen equipped with a dishwasher, microwave, range, and refrigerator. Central heating and cooling, public water, public sewer, and cable availability are in place. Outdoor features include a deck, patio, porch, sidewalk, and a large fully fenced yard on a 0.12-acre lot.
The property is located in the Wedgefield community of East Orlando, with access to SR 520 and SR 528. Wedgefield Park and Hal Scott Regional Preserve and Park are nearby, while Orlando International Airport, Lake Nona, Orlando, and the Space Coast are accessible from the area. Major updates include a roof replacement in 2018 and re-piped plumbing in 2019. The property is zoned R-3 and has no HOA.
The property is located in the Wedgefield community of East Orlando, with access to SR 520 and SR 528. Wedgefield Park and Hal Scott Regional Preserve and Park are nearby, while Orlando International Airport, Lake Nona, Orlando, and the Space Coast are accessible from the area. Major updates include a roof replacement in 2018 and re-piped plumbing in 2019. The property is zoned R-3 and has no HOA.
Key Highlights
- One‑half of a duplex with 1,062 square feet and two bedrooms and two bathrooms
- 0.12‑acre lot with a fully fenced backyard
- Roof replaced in 2018 and plumbing re‑piped in 2019
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
$15,067
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
6.58%
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%
$301,340
$301.3K
Cap Rate 7%
$215,243
$215.2K
Cap Rate 9%
$167,411
$167.4K
Market Conditions
NOI Build-Up for 1,062 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
$22.9K $21.60/SF
− Vacancy
−$1.4K −$1.33/SF
EGI
$21.5K $20.27/SF
− OpEx
−$6.5K −$6.08/SF
NOI
$15.1K $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%
$301,340
Cap Rate 7%
$215,243
Cap Rate 9%
$167,411
Alternative Uses
Best Use
Multifamily LT 5
$215.2K
$188.3K – $251.1K
NOI $15,067 @ 7.0% cap · market cap 6.58%
Second Best
Apartment 5plus
$196.6K
$172.0K – $229.4K
NOI $13,763 @ 7.0% cap · market cap 6.01%
Theoretical Best
Office A
$342.1K
$299.4K – $399.1K
NOI $23,948 @ 7.0% cap · market cap 10.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
66
Businesses Nearby
Explore this area
Business Placement
Demographics for 32833, FL
10,542
Population
3,892
Households
2.7
Avg Household Size
42
Median Age
32%
College-Educated
90%
High-School Grad
34.1 sq mi
ZIP Area
309
Density / Sq Mi
$91,277
Median Household Income
$48,901
Median Earnings
$1,422
Median Rent
$390,500
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 - One side of a duplex with public utilities, central systems, and flexible outdoor space without HOA restrictions.
Where is this duplex located?
The property is located at 20644 MACON Parkway Orlando, FL.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: One‑half of a duplex with 1,062 square feet and two bedrooms and two bathrooms; 0.12‑acre lot with a fully fenced backyard; Roof replaced in 2018 and plumbing re‑piped in 2019
