Updated Duplex in Lake
292 S 3RD Street Lake Mary, FL 32746
292 S 3RD Street, Lake Mary, FL, 32746
$429,900
Pending
For Sale
$429,900
Pending
MULTI_FAMILY - LAKE MARY, FL
Property Size1,929 SF
Lot Size0.34 Acres
Days on Market88
Property Features for 292 S 3RD Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- R-2
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bedroom 2, Bedroom 4, Bedroom 3, Bedroom 1, Bedroom 5, Bathroom 3, Bathroom 2
- Parking features
- Driveway
- Pets allowed
- Yes
- Interior features
- Stone Counters, Thermostat
- Exterior features
- Sliding Doors
- Standard status
- Pending
- APN
- 16-20-30-503-0000-0110
- Size
- 1,929 SF
- Lot size
- 0.34 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- LOT 11 EVANSDALE NO 3 LAKE MARY PB 10 PG 54
- Tax Annual Amount
- 3571
Utilities
- Sewer type
- Septic Tank
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1976
- Floors in Building
- 1
- Building materials
- Block
- Roof type
- Shingle
Listing agency
SAND DOLLAR REALTY GROUP INC
(407) 389-7318
Listed by
Zach Mitchell · License #3294931
(407) 920-6440
Added: Apr 26 Updated: Jul 20 at 8:50PM Checked: Jul 22 at 11:06PM
MLS# O6402371
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 duplex presents an opportunity for either an owner-occupant or an investor. Unit B features three bedrooms and two bathrooms and has been updated with a new kitchen including custom shaker cabinets, quartz counters, and stainless steel appliances. The unit also includes updated bathrooms with new vanities, tile, fixtures, mirrors, and toilets, along with LVP flooring and fresh paint. Unit A offers two bedrooms and one bathroom with partial updates, new quartz counters, tile floors, indoor laundry, and new fixtures. The entire building benefits from new windows and new patio sliders. The roof was replaced in 2021. The property, situated on a 0.34-acre lot, is currently vacant and move-in ready. The property contains 1929 square feet. It is located in Lake Mary, Florida.
Key Highlights
- Fully renovated 3 bedroom, 2 bathroom unit (Unit B) with new kitchen (custom shaker cabinets, quartz counters, stainless steel appliances) and bathrooms.
- Duplex offers flexibility for owner‑occupancy or investment with income potential.
- New windows and patio sliders throughout the entire building for improved appeal and efficiency.
Local Financial Insights For Multifamily LT 5
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 | $39.4k | $20.40 |
| − Vacancy | −$2.6k | −$1.35 |
| EGI | $36.8k | $19.05 |
| − OpEx | −$11.0k | −$5.72 |
| NOI | $25.7k | $13.34 |
1,929 SF · lease $20.40/SF/yr · vacancy 6.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$367.5K
$321.6K – $428.8K
NOI $25,728 @ 7.0% cap · market cap 5.98%
Second Best
Apartment 5plus
$338.4K
$296.1K – $394.8K
NOI $23,689 @ 7.0% cap · market cap 5.51%
Theoretical Best
Office A
$548.9K
$480.3K – $640.4K
NOI $38,426 @ 7.0% cap · market cap 8.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Move-in ready duplex with updated units and new windows.
Where is this duplex located?
The property is located at 292 S 3RD Street Lake Mary, FL.
What is the asking price?
The asking price for this property is $429,900.
What are key features of this property?
This property features: Fully renovated 3 bedroom, 2 bathroom unit (Unit B) with **new kitchen** (custom shaker cabinets, quartz counters, stainless steel appliances) and bathrooms.; Duplex offers flexibility for owner‑occupancy or investment with income potential.; New windows and patio sliders throughout the entire building for improved appeal and efficiency.
