Duplex with Courtyard
For Sale
$1,600,000
3306 HARRISON AVENUE, Orlando, FL 32804
Residential Income, ORLANDO, FL
Property Size3,707 SF
Lot Size0.21 Acres
Price / SF$431.62
Days on Market75
Property Features for 3306 HARRISON AVENUE
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
X
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bathroom 3, Bathroom 2, Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 1, Family Room, Bedroom 6, Bedroom 2, Bedroom 5
Pets allowed
Yes
Pool private
1
Interior features
Cathedral Ceiling(s), High Ceilings, Kitchen/Family Room Combo, Open Floorplan, Primary Bedroom Main Floor, Split Bedroom, Tray Ceiling(s), Walk-In Closet(s)
Fireplace
1
Appliances
Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Subdivision
COLLEGE PARK CASTLE CONDO
Elementary school
Princeton Elem
Middle school
College Park Middle
High school
Edgewater High
Directions
Take I-4 to Exit 85 for Par Street. From the exit ramp, head west on W. Par Street. Continue on W. Par Street for approximately 1-1.5 miles. Turn right onto Harrison Avenue. Continue a short distance on Harrison Avenue. 3310 Harrison Avenue will be on your right.
Standard status
Active
APN
14-22-29-1537-00-020
Size
3,707 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
COLLEGE PARK CASTLE CONDO 7096/1734 UNIT 2 & COLLEGE PARK CASTLE CONDO 7096/1734 UNIT 1
Tax Annual Amount
13030
Legal Description
COLLEGE PARK CASTLE CONDO 7096/1734 UNIT 2 & COLLEGE PARK CASTLE CONDO 7096/1734 UNIT 1
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
courtyard pool
Building Details
Year built
1950
Floors in Building
2
Flooring type
Vinyl, Tile
Building materials
Block, Stucco
Roof type
Tile
Listing Agency:
KELLER WILLIAMS WINTER PARK · Keller Williams Realty
(407) 545-6430
Listed By:
Joseph Sipp · License #3494121
(407) 820-7016
Added: Jul 20
Changed: Oct 2
Last Checked: Oct 2 at 5:06AM
MLS# O6443845
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 3,707-square-foot duplex contains two residences, each with three bedrooms and two bathrooms. The front home spans more than 2,000 square feet and has been fully updated; its features include an open floor plan, a one-car garage, and access to the courtyard pool. The rear residence measures just over 1,600 square feet and has its own backyard. Built in 1950, the property also includes central air conditioning and heating, tile and vinyl flooring, and public water and sewer.
The 0.21-acre property is in Orlando’s College Park area, within walking distance of Dubsdread Golf Course. Zoning is designated X.
The 0.21-acre property is in Orlando’s College Park area, within walking distance of Dubsdread Golf Course. Zoning is designated X.
Key Highlights
- Two‑residence duplex with 3,707 square feet of building area
- 0.21‑acre lot in Orlando’s College Park area
- Each residence has 3 bedrooms and 2 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
$52,592
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
3.29%
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%
$1,051,840
$1.1M
Cap Rate 7%
$751,314
$751.3K
Cap Rate 9%
$584,356
$584.4K
Market Conditions
NOI Build-Up for 3,707 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
$80.1K $21.60/SF
− Vacancy
−$4.9K −$1.33/SF
EGI
$75.1K $20.27/SF
− OpEx
−$22.5K −$6.08/SF
NOI
$52.6K $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%
$1,051,840
Cap Rate 7%
$751,314
Cap Rate 9%
$584,356
Alternative Uses
Best Use
Multifamily LT 5
$751.3K
$657.4K – $876.5K
NOI $52,592 @ 7.0% cap · market cap 3.29%
Second Best
Apartment 5plus
$686.3K
$600.5K – $800.7K
NOI $48,039 @ 7.0% cap · market cap 3.00%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,591 @ 7.0% cap · market cap 5.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,199
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom residences offer separate outdoor areas, including a private rear yard.
Where is this duplex located?
The property is located at 3306 HARRISON AVENUE Orlando, FL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Two‑residence duplex with 3,707 square feet of building area; 0.21‑acre lot in Orlando’s College Park area; Each residence has 3 bedrooms and 2 bathrooms
