Updated Duplex with Separate Private
For Sale
$565,000
2513 MUSSELWHITE Avenue, Orlando, FL 32804
MULTI_FAMILY - ORLANDO, FL
Property Size1,716 SF
Lot Size0.18 Acres
Price / SF$329.25
Days on Market129
Property Features for 2513 MUSSELWHITE Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-2A/T/W
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Dining Room, Laundry Room, Bathroom 2, Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 1
Interior features
Ceiling Fans(s), Living Room/Dining Room Combo, Primary Bedroom Main Floor
Exterior features
Lighting, Permeable Paving, Private Entrance, Private Mailbox
Appliances
Dishwasher, Range, Refrigerator
Subdivision
HILLCREST HEIGHTS 2ND ADD
Elementary school
Princeton Elem
Middle school
College Park Middle
High school
Edgewater High
Directions
From Princeton turn onto Musselwhite and home will be on the right.
Standard status
Active
APN
14-22-29-3628-00-900
Size
1,716 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
HILLCREST HEIGHTS 2ND ADDITION J/1 LOT 90
Tax Annual Amount
5972
Legal Description
HILLCREST HEIGHTS 2ND ADDITION J/1 LOT 90
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
firepit area
entertaining deck
storage sheds
private backyard
washer and dryer
Building Details
Year built
1959
Floors in Building
1
Building materials
Block
Roof type
Shingle
Listing Agency:
CHARLES RUTENBERG REALTY ORLANDO
(407) 622-2122
Listed By:
Vonda Fields · License #3174892
(321) 438-6906
Added: Apr 9
Changed: Aug 14
Last Checked: Aug 15 at 2:06AM
MLS# O6397581
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 updated duplex features two units with private entrances and separate backyard access. The main home includes a 2-bedroom, 1-bath layout with two living areas, a living room/dining room combo, and a large family room off the back with backyard views. The guest unit is a 1-bedroom, 1-bath with its own private entrance.
Recent improvements include a fully replumbed home, with an AC system from 2018 and a roof from 2018. Both kitchens and bathrooms have been updated, and the original main home flooring is terrazzo in good condition. The main kitchen has been opened to the dining and living areas, and each unit has its own washer and dryer access.
Outside, the backyard is fenced and offers entertaining space with a paver deck and firepit area, plus room for gardening and two sheds for storage. A patio area is pre-wired for jacuzzi electric. The property is zoned R-2A/T/W and includes a 2-car carport. It is served by public water and public sewer, with block construction and central HVAC.
Recent improvements include a fully replumbed home, with an AC system from 2018 and a roof from 2018. Both kitchens and bathrooms have been updated, and the original main home flooring is terrazzo in good condition. The main kitchen has been opened to the dining and living areas, and each unit has its own washer and dryer access.
Outside, the backyard is fenced and offers entertaining space with a paver deck and firepit area, plus room for gardening and two sheds for storage. A patio area is pre-wired for jacuzzi electric. The property is zoned R-2A/T/W and includes a 2-car carport. It is served by public water and public sewer, with block construction and central HVAC.
Key Highlights
- Fully replumbed duplex with AC (2018) and roof (2018)
- Two units: 2BR/1BA main plus 1BR/1BA guest with private entrance
- Updated kitchens with newer appliances and updated bathrooms
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
$24,345
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
4.31%
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%
$486,900
$486.9K
Cap Rate 7%
$347,786
$347.8K
Cap Rate 9%
$270,500
$270.5K
Market Conditions
NOI Build-Up for 1,716 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
$37.1K $21.60/SF
− Vacancy
−$2.3K −$1.33/SF
EGI
$34.8K $20.27/SF
− OpEx
−$10.4K −$6.08/SF
NOI
$24.3K $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%
$486,900
Cap Rate 7%
$347,786
Cap Rate 9%
$270,500
Alternative Uses
Best Use
Multifamily LT 5
$347.8K
$304.3K – $405.8K
NOI $24,345 @ 7.0% cap · market cap 4.31%
Second Best
Apartment 5plus
$317.7K
$278.0K – $370.6K
NOI $22,238 @ 7.0% cap · market cap 3.94%
Theoretical Best
Office A
$552.8K
$483.7K – $644.9K
NOI $38,695 @ 7.0% cap · market cap 6.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,327
Businesses Nearby
Explore this area
Business Placement
Demographics for 32804, FL
19,084
Population
10,127
Households
1.9
Avg Household Size
40
Median Age
61%
College-Educated
97%
High-School Grad
7.2 sq mi
ZIP Area
2,651
Density / Sq Mi
$113,466
Median Household Income
$61,227
Median Earnings
$1,717
Median Rent
$498,700
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 - Well-maintained duplex with two private units, updated kitchens and bathrooms, and separate backyard access.
Where is this duplex located?
The property is located at 2513 MUSSELWHITE Avenue Orlando, FL.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: Fully replumbed duplex with AC (2018) and roof (2018); Two units: 2BR/1BA main plus 1BR/1BA guest with private entrance; Updated kitchens with newer appliances and updated bathrooms
