Updated East Orlando
For Sale
$315,000
2483 LONG MEADOW Way, Orlando, FL 32817
Residential, ORLANDO, FL
Property Size981 SF
Lot Size0.13 Acres
Price / SF$321.10
Days on Market10
Property Features for 2483 LONG MEADOW Way
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-2
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 1, Bedroom 2, Bathroom 1
Window features
Blinds, Drapes
Patio and Porch features
Porch
Pets allowed
Yes
Interior features
Ceiling Fans(s), Split Bedroom, Thermostat, Walk-In Closet(s)
Exterior features
Lighting, Private Mailbox
Fencing
Fenced
Appliances
Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
Subdivision
CARMEL PARK
Lot features
Paved
Elementary school
Arbor Ridge Elem
Middle school
Union Park Middle
High school
Winter Park High
Directions
Head toward N Thornton Ave on E Colonial Dr (US-17/US-92). Continue on E Colonial Dr (SR-50). Turn left onto N Dean Rd. Turn left onto Carmel Park Dr. Turn left onto Long Meadow Way.
Standard status
Active
APN
18-22-31-1200-00-230
Size
981 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CARMEL PARK 15/92 LOT 23 A
Tax Annual Amount
3783
Legal Description
CARMEL PARK 15/92 LOT 23 A
Utilities
Utilities
Electricity Available
Sewer type
Septic Tank
Heating system
Electric (Heating), Central
Cooling system
Central Air
Amenities
screen room
Building Details
Year built
1986
Floors in Building
1
Flooring type
Vinyl, Tile - Ceramic
Building materials
Block, Concrete, Stucco
Roof type
Shingle
Architectural style
Other
Listing Agency:
KELLER WILLIAMS REALTY AT THE LAKES
(407) 566-1800
Listed By:
Juan Jose JR Sanchez, PA
(407) 234-6525
Added: Sep 14
Changed: Sep 21
Last Checked: Sep 23 at 5:06PM
MLS# O6440888
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 East Orlando duplex offers a refreshed residential layout with two bedrooms and two bathrooms across 981 square feet. Interior improvements include 2024 paint, new blinds, updated lighting and ceiling fans, plus bathroom renovations completed in 2025. The kitchen includes a 2026 dishwasher and range, a 2025 microwave, and updated sink and disposal. A new washer and dryer were added in 2026.
Major systems include a 2026 water heater, 2024 air conditioning, 2023 roof, and septic servicing completed in 2024. Additional improvements include a 2025 front door, freshly finished garage interiors, and a 2025 screened room. The property is located in Orlando near UCF, Full Sail University, Central Florida Research Park, SR 50, Dean Road, SR 417, SR 408, and Jay Blanchard Park. R-2 zoning, a fenced yard, central cooling, electric heat, and septic service are also provided.
Major systems include a 2026 water heater, 2024 air conditioning, 2023 roof, and septic servicing completed in 2024. Additional improvements include a 2025 front door, freshly finished garage interiors, and a 2025 screened room. The property is located in Orlando near UCF, Full Sail University, Central Florida Research Park, SR 50, Dean Road, SR 417, SR 408, and Jay Blanchard Park. R-2 zoning, a fenced yard, central cooling, electric heat, and septic service are also provided.
Key Highlights
- 2‑bedroom, 2‑bath duplex with 981 square feet of property size
- 0.13‑acre lot in East Orlando
- 2023 shingle roof and 2024 central A/C
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
$13,918
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
4.42%
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%
$278,360
$278.4K
Cap Rate 7%
$198,829
$198.8K
Cap Rate 9%
$154,644
$154.6K
Market Conditions
NOI Build-Up for 981 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
$21.2K $21.60/SF
− Vacancy
−$1.3K −$1.33/SF
EGI
$19.9K $20.27/SF
− OpEx
−$6.0K −$6.08/SF
NOI
$13.9K $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%
$278,360
Cap Rate 7%
$198,829
Cap Rate 9%
$154,644
Alternative Uses
Best Use
Multifamily LT 5
$198.8K
$174.0K – $232.0K
NOI $13,918 @ 7.0% cap · market cap 4.42%
Second Best
Apartment 5plus
$181.6K
$158.9K – $211.9K
NOI $12,713 @ 7.0% cap · market cap 4.04%
Theoretical Best
Office A
$316.0K
$276.5K – $368.7K
NOI $22,121 @ 7.0% cap · market cap 7.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
135
Businesses Nearby
Explore this area
Business Placement
Demographics for 32817, FL
40,376
Population
13,747
Households
2.9
Avg Household Size
29
Median Age
36%
College-Educated
92%
High-School Grad
11.7 sq mi
ZIP Area
3,451
Density / Sq Mi
$78,546
Median Household Income
$34,316
Median Earnings
$1,741
Median Rent
$327,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Refreshed residential property with upgraded systems, appliances, bathrooms, and a screened outdoor room.
Where is this duplex located?
The property is located at 2483 LONG MEADOW Way Orlando, FL.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: 2‑bedroom, 2‑bath duplex with 981 square feet of property size; 0.13‑acre lot in East Orlando; 2023 shingle roof and 2024 central A/C
