Duplex with Fenced
For Sale
$284,000
2501 LONG MEADOW Way, Orlando, FL 32817
MULTI_FAMILY - Other - ORLANDO, FL
Property Size1,079 SF
Lot Size0.13 Acres
Price / SF$263.21
Days on Market63
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
Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 2, Family Room, Bedroom 1
Parking features
Open, Driveway
Window features
Blinds, Skylight(s), Double Pane Windows
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, Sliding Doors
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
4044
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
wood-burning fireplace
washer and dryer in garage
fenced backyard
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
(407) 629-6330
Added: Jun 12
Changed: Aug 1
Last Checked: Aug 13 at 11:06AM
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 half-duplex features a split-bedroom layout with an open floor plan, 3 bedrooms, and 2 bathrooms, plus a 1-car garage. Interior finishes include ceramic tile flooring throughout, vaulted ceilings, ceiling fans, and solid wood cabinetry with solid surface counters. The great room includes a wood-burning fireplace, and the kitchen offers a window over the sink with easy access to the main living areas. A sliding glass door leads to a private, fenced backyard with patio space for outdoor use.
The home includes a washer and dryer in the garage, electric central heat and central air conditioning, and rain gutters. It is zoned R-2 and sits on a 0.13-acre lot with public water and a septic tank. Cable is available, and the roof is shingle.
Built in 1986, the property is positioned for convenient access to UCF and nearby commuter routes, including SR 408, SR 417, SR 436, and Highway 50, with shopping and dining nearby.
The home includes a washer and dryer in the garage, electric central heat and central air conditioning, and rain gutters. It is zoned R-2 and sits on a 0.13-acre lot with public water and a septic tank. Cable is available, and the roof is shingle.
Built in 1986, the property is positioned for convenient access to UCF and nearby commuter routes, including SR 408, SR 417, SR 436, and Highway 50, with shopping and dining nearby.
Key Highlights
- 3 bedrooms and 2 bathrooms in a block half‑duplex with open floor plan
- Wood‑burning fireplace in the great room
- Private fenced backyard with sliding glass door plus patio space
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
5.39%
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 5.39%
Second Best
Apartment 5plus
$199.8K
$174.8K – $233.1K
NOI $13,983 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$347.6K
$304.1K – $405.5K
NOI $24,331 @ 7.0% cap · market cap 8.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Block half-duplex with an open layout, wood-burning fireplace, and fenced backyard, zoned R-2 in East Orlando.
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 $284,000.
What are key features of this property?
This property features: 3 bedrooms and 2 bathrooms in a block half‑duplex with open floor plan; Wood‑burning fireplace in the great room; Private fenced backyard with sliding glass door plus patio space
