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    Downtown Orlando Multifamily Investment Opportunity

    2222 W SOUTH STREET Orlando, FL 32805

    2222 W SOUTH STREET, Orlando, FL, 32805
    $4,500,000
    For Sale
    Claim this Listing
    $4,500,000

    Multi-Family 5+ - ORLANDO, FL

    Property Size19,392 SF
    Lot Size6.33 Acres
    Price / SF$232.05
    AddedMar 11
    Days on Market128
    Last RefreshJul 16 at 8:06 am

    Property Features for 2222 W SOUTH STREET

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R-1A
    Bedrooms
    38
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Exterior features
    Courtyard
    Standard status
    Active
    APN
    28-22-29-9200-10-010
    Size
    19,392 SF
    Lot size
    6.33 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    23125

    Utilities

    Heating system
    Ductless (Heating)
    Cooling system
    Multi Units, Wall/Window Unit(s), Window Unit(s)
    Water front features
    Lake Front, Waterfront
    Water front
    1

    Building Details

    Year built
    1960
    Number of units
    37
    Building materials
    Block
    Roof type
    Shingle
    Architectural style
    Other

    Listing agent Tito Urbano Perez License #3470017

    Listing office FLORIDA REALTY INVESTMENTS 3451 Technological Ave #11, Orlando, FL

    Listing date Mar 11, 2026

    MLS# TB8485557 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.

    Sunset Apartments presents a multifamily investment opportunity in Downtown Orlando, featuring 37 units: 36 one-bedroom units and 1 two-bedroom unit. Situated on a 6.33-acre lot, the property offers potential for future development or expansion. Approximately $300,000 has been invested in renovations over the past two years. Several units offer views of Sunset Lake. The units are separately metered for water and electric. The property currently operates with below-market rents, presenting a value-add opportunity through future rent growth. Located in the urban core, the property provides access to John Young Parkway, SR-408, Florida’s Turnpike, and I-4. It is located within a mile of Camping World Stadium and minutes from the Kia Center and Inter&Co Stadium, supporting rental demand driven by nearby employment, entertainment, and continued growth in Downtown Orlando. The property is zoned R-1A.

    Key Highlights

    • Value‑add opportunity through below‑market rents with potential for future rent growth.
    • Prime location in Downtown Orlando with convenient access to major transportation corridors.
    • Significant recent renovations of approximately $300,000 over the past two years.

    Local Financial Insights For Apartment 5plus

    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 $488.7k $25.20
    − Vacancy −$31.8k −$1.64
    EGI $456.9k $23.56
    − OpEx −$205.6k −$10.60
    NOI $251.3k $12.96
    19,392 SF · lease $25.20/SF/yr · vacancy 6.50% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $3.59M
    $3.14M – $4.19M (±1% cap)
    NOI $251,303 @ 7.0% cap · market cap 5.58%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $6.25M
    $5.47M – $7.29M (±1% cap)
    NOI $437,279 @ 7.0% cap · market cap 9.72%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Dental Office Real Estate Agency Storage Facility (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Catering Service (Bike/Boat/Book/etc) Store Garden Center Electrical Service Clothing & Fashion Store

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

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    FAQs

    What type of property is this?
    Apartment building - 37-unit apartment complex on 6.33 acres near downtown Orlando.
    Where is this apartment building located?
    The property is located at 2222 W SOUTH STREET Orlando, FL.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: Value‑add opportunity through below‑market rents with potential for future rent growth.; Prime location in Downtown Orlando with convenient access to major transportation corridors.; Significant recent renovations of approximately $300,000 over the past two years.
    Contact an agent
    (407) 907-0350
    We can help!
    Contact an agent
    Tito Urbano Perez
    Real Estate License ID: 3470017
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