Updated Duplex with Two-Car
New
For Sale
$379,900
3109 BRIDGEFORD Drive, Orlando, FL 32812
MULTI_FAMILY - ORLANDO, FL
Property Size1,624 SF
Lot Size0.10 Acres
Price / SF$233.93
Days on Market2
Property Features for 3109 BRIDGEFORD Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-3A/AN
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 2, Family Room, Bedroom 1, Bedroom 2, Bathroom 3, Bedroom 3, Bathroom 1
Pets allowed
Cats OK, Dogs OK
Interior features
Ceiling Fans(s), High Ceilings, Kitchen/Family Room Combo, Open Floorplan, Vaulted Ceiling(s), Walk-In Closet(s)
Exterior features
Sliding Doors
Fireplace
1
Appliances
Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Subdivision
ESSEX POINT SOUTH
Elementary school
Lake George Elem
Middle school
Conway Middle
High school
Boone High
Directions
From S Semoran Blvd/SR 436; head west on Michigan St, left on Dixie Belle Dr, right on Halifax Dr, right on Bridgeford Dr.
Standard status
Active
APN
04-23-30-2523-00-150
Size
1,624 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ESSEX POINT SOUTH 19/119 LOT 15
Tax Annual Amount
4025
Legal Description
ESSEX POINT SOUTH 19/119 LOT 15
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Amenities
pool
tennis court
picnic pavilion
fireplace
Building Details
Year built
1989
Floors in Building
2
Flooring type
Carpet, Tile - Ceramic
Building materials
Block, Cement Siding
Roof type
Shingle
Listing Agency:
TOP FLORIDA HOMES
(855) 919-0458
Listed By:
Isabelle Goncalves
(407) 495-8970
Added: Aug 13
Last Checked: Aug 14 at 5:06AM
MLS# O6431022
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 two-story duplex property offers 1,624 square feet on a 0.1-acre lot, with three bedrooms arranged upstairs and the main living areas below. The interior includes a great room with a wood-burning fireplace, a kitchen with granite countertops, stainless steel appliances, espresso cabinetry, under-cabinet lighting, and a breakfast bar. Additional features include a formal dining room, vaulted ceilings, ceramic tile flooring, a renovated primary bathroom, central heating and cooling, and a two-car garage. The residence has been freshly painted inside and out, with updated landscaping, a fenced backyard, and a paver patio. Washer and dryer convey.
Essex Point South provides a community pool, tennis court, covered picnic pavilion, brick barbecue grills, and sidewalks along oak-lined streets. The property is located in Orlando near SR 408 and SR 528, approximately 10 minutes from Orlando International Airport and 15 minutes from Downtown Orlando. Zoning is R-3A/AN, with public sewer service and a shingle roof.
Essex Point South provides a community pool, tennis court, covered picnic pavilion, brick barbecue grills, and sidewalks along oak-lined streets. The property is located in Orlando near SR 408 and SR 528, approximately 10 minutes from Orlando International Airport and 15 minutes from Downtown Orlando. Zoning is R-3A/AN, with public sewer service and a shingle roof.
Key Highlights
- 1,624 square feet on a 0.1‑acre lot
- Three upstairs bedrooms, including an oversized primary suite
- Renovated primary bath with quartz counters, dual vanities, and rainfall shower
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
$23,040
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
6.06%
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%
$460,800
$460.8K
Cap Rate 7%
$329,143
$329.1K
Cap Rate 9%
$256,000
$256.0K
Market Conditions
NOI Build-Up for 1,624 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
$35.1K $21.60/SF
− Vacancy
−$2.2K −$1.33/SF
EGI
$32.9K $20.27/SF
− OpEx
−$9.9K −$6.08/SF
NOI
$23.0K $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%
$460,800
Cap Rate 7%
$329,143
Cap Rate 9%
$256,000
Alternative Uses
Best Use
Multifamily LT 5
$329.1K
$288.0K – $384.0K
NOI $23,040 @ 7.0% cap · market cap 6.06%
Second Best
Apartment 5plus
$300.7K
$263.1K – $350.8K
NOI $21,046 @ 7.0% cap · market cap 5.54%
Theoretical Best
Office A
$523.1K
$457.8K – $610.3K
NOI $36,620 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
534
Businesses Nearby
Explore this area
Business Placement
Demographics for 32812, FL
34,586
Population
15,007
Households
2.3
Avg Household Size
39
Median Age
38%
College-Educated
92%
High-School Grad
8.5 sq mi
ZIP Area
4,069
Density / Sq Mi
$74,245
Median Household Income
$43,993
Median Earnings
$1,561
Median Rent
$342,800
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 - Two-story property with three upstairs bedrooms, renovated baths, fenced yard, and community pool and tennis amenities.
Where is this duplex located?
The property is located at 3109 BRIDGEFORD Drive Orlando, FL.
What is the asking price?
The asking price for this property is $379,900.
What are key features of this property?
This property features: 1,624 square feet on a 0.1‑acre lot; Three upstairs bedrooms, including an oversized primary suite; Renovated primary bath with quartz counters, dual vanities, and rainfall shower
