Block Duplex with Fenced
For Sale
$278,000
2501 LONG MEADOW Way, Orlando, FL 32817
Residential, ORLANDO, FL
Property Size1,079 SF
Lot Size0.13 Acres
Price / SF$257.65
Days on Market108
Property Features for 2501 LONG MEADOW Way
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-2
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 2, Family Room, Bedroom 1, Bathroom 1, Bathroom 2
Parking features
Open, Driveway
Window features
Blinds, Double Pane Windows, Skylight(s)
Patio and Porch features
Porch, Patio
Pets allowed
Yes
Interior features
Ceiling Fans(s), Kitchen/Family Room Combo, Open Floorplan, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Vaulted Ceiling(s)
Exterior features
Rain Gutters, Sidewalk
Fireplace
1
Appliances
Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
Subdivision
CARMEL PARK
Lot features
In County, Landscaped, Level, Near Public Transit, Sidewalk, Paved, Unincorporated
Elementary school
Arbor Ridge Elem
Middle school
Glenridge Middle
High school
Winter Park High
Directions
From University Blvd go South on Dean Rd. Right - Carmel Park Dr. Right - Long Meadow Wy. House on Right.
Standard status
Active
APN
18-22-31-1200-00-235
Size
1,079 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Carmel Park 15/92 Lot 23 B
Tax Annual Amount
3306
Legal Description
Carmel Park 15/92 Lot 23 B
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Amenities
ceramic tile flooring
wood-burning fireplace
sliding glass door
fenced backyard
washer and dryer in garage
Building Details
Year built
1986
Floors in Building
1
Flooring type
Tile - Ceramic
Building materials
Block, Stucco
Roof type
Shingle
Architectural style
Other
Listing Agency:
RE/MAX 200 REALTY · RE/MAX International
(407) 629-6330
Listed By:
Hazel Sun · License #554103
(800) 458-6863
Added: Jun 12
Changed: Sep 13
Last Checked: Sep 27 at 8:06PM
MLS# O6415787
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 block-built half-duplex includes 3 bedrooms, 2 bathrooms, and a 1-car garage within 1079 square feet. The interior has an open floor plan, ceramic tile flooring, vaulted ceilings, solid wood cabinetry, and a great room with a wood-burning fireplace. The kitchen connects directly with the family room, while the garage includes a washer and dryer. A sliding glass door leads to a private fenced backyard with patio and porch areas. Built in 1986, the property has central heating and cooling, a shingle roof, public water, and a septic tank.
The home is in East Orlando near UCF, Valencia East Campus, Blanchard Park, Waterford Lakes, and University Boulevard. Access is available to SR 408, SR 417, SR 436, and Highway 50. Nearby schools include Arbor Ridge Elementary, Glenridge Middle, and Winter Park High.
The home is in East Orlando near UCF, Valencia East Campus, Blanchard Park, Waterford Lakes, and University Boulevard. Access is available to SR 408, SR 417, SR 436, and Highway 50. Nearby schools include Arbor Ridge Elementary, Glenridge Middle, and Winter Park High.
Key Highlights
- 3 bedrooms and 2 bathrooms
- 1079 square feet with an open floor plan
- 1‑car garage with washer and dryer
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
$15,308
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
5.51%
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%
$306,160
$306.2K
Cap Rate 7%
$218,686
$218.7K
Cap Rate 9%
$170,089
$170.1K
Market Conditions
NOI Build-Up for 1,079 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
$23.3K $21.60/SF
− Vacancy
−$1.4K −$1.33/SF
EGI
$21.9K $20.27/SF
− OpEx
−$6.6K −$6.08/SF
NOI
$15.3K $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%
$306,160
Cap Rate 7%
$218,686
Cap Rate 9%
$170,089
Alternative Uses
Best Use
Multifamily LT 5
$218.7K
$191.4K – $255.1K
NOI $15,308 @ 7.0% cap · market cap 5.51%
Second Best
Apartment 5plus
$199.8K
$174.8K – $233.1K
NOI $13,983 @ 7.0% cap · market cap 5.03%
Theoretical Best
Office A
$347.6K
$304.1K – $405.5K
NOI $24,331 @ 7.0% cap · market cap 8.75%
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
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 - Open-plan interior with ceramic tile flooring and direct access to a fenced backyard.
Where is this duplex located?
The property is located at 2501 LONG MEADOW Way Orlando, FL.
What is the asking price?
The asking price for this property is $278,000.
What are key features of this property?
This property features: 3 bedrooms and 2 bathrooms; 1079 square feet with an open floor plan; 1‑car garage with washer and dryer
