Duplex with Detached
For Sale
$625,000
3701 VIRGINIA Drive, Orlando, FL 32803
Residential Income, ORLANDO, FL
Property Size2,044 SF
Lot Size0.19 Acres
Price / SF$305.77
Days on Market77
Property Features for 3701 VIRGINIA Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-1A
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Dining Room, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 2, Bedroom 3
Parking features
Driveway
Pets allowed
Yes
Interior features
Ceiling Fans(s), Eat-in Kitchen, Living Room/Dining Room Combo, Open Floorplan, Walk-In Closet(s)
Exterior features
Garden, Lighting, Private Entrance, Private Mailbox
Appliances
Convection Oven, Cooktop, Disposal, Refrigerator
Subdivision
AUDUBON PARK TANAGER SEC
Elementary school
Audubon Park K8
High school
Winter Park High
Directions
From Downtown Orlando, take E Colonial Drive (SR 50) east and turn left onto N Bumby Avenue. Continue north and turn right onto Corrine Drive, then left onto Virginia Drive. The property will be on your right at 3701 Virginia Drive, Orlando, FL 32803. Conveniently located near Downtown Orlando, Winter Park, Baldwin Park, and major roadways including SR 50 and I-4.
Standard status
Active
APN
19-22-30-0324-09-110
Size
2,044 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
AUDUBON PARK TANAGER SECTION T/37 LOT 11BLK I
Tax Annual Amount
7924
Legal Description
AUDUBON PARK TANAGER SECTION T/37 LOT 11BLK I
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
fully fenced backyard
string lighting
raised garden beds
vegetable gardens
dimmable outlets and lighting controls
comprehensive security system
Building Details
Year built
1954
Floors in Building
1
Number of units
2
Flooring type
Vinyl, Tile - Ceramic, Laminate
Building materials
Block, Metal Siding, Vinyl Siding
Roof type
Shingle
Listing Agency:
KELLER WILLIAMS WINTER PARK · Keller Williams Realty
(407) 545-6430
Listed By:
Liam Glover PA · License #3526590
(954) 804-7579
Added: Jun 15
Changed: Aug 24
Last Checked: Aug 30 at 6:06PM
MLS# O6417195
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-style property comprises a 1,420-square-foot primary residence and a detached 688-square-foot ADU on a 0.19-acre parcel. The main home includes three bedrooms, two bathrooms, a split floor plan, updated systems, porcelain tile flooring, a kitchen with dual built-in ovens, and a renovated primary bathroom. Its fenced outdoor area includes raised garden beds, vegetable plantings, and lighting for outdoor use.
The detached ADU has one bedroom, one bathroom, a full kitchen, laundry facilities, and a private entrance. Improvements include a 2025 roof and mini-split system, along with a bathroom exhaust fan added in 2026. The ADU has previously been used for both short-term and long-term rentals. Additional features include a security system, dimmable lighting controls, driveway parking, public water and sewer, and R-1A zoning. The property is located on Virginia Drive in Orlando’s Audubon Park Garden District, near restaurants, shops, breweries, parks, and local businesses.
The detached ADU has one bedroom, one bathroom, a full kitchen, laundry facilities, and a private entrance. Improvements include a 2025 roof and mini-split system, along with a bathroom exhaust fan added in 2026. The ADU has previously been used for both short-term and long-term rentals. Additional features include a security system, dimmable lighting controls, driveway parking, public water and sewer, and R-1A zoning. The property is located on Virginia Drive in Orlando’s Audubon Park Garden District, near restaurants, shops, breweries, parks, and local businesses.
Key Highlights
- Two residences totaling 2,044 square feet on a 0.19‑acre parcel
- Main residence measures 1,420 sq. ft. with 3 bedrooms and 2 bathrooms
- Detached ADU measures approximately 688 sq. ft. with 1 bedroom and 1 bathroom
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
$28,998
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
4.64%
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%
$579,960
$580.0K
Cap Rate 7%
$414,257
$414.3K
Cap Rate 9%
$322,200
$322.2K
Market Conditions
NOI Build-Up for 2,044 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
$44.2K $21.60/SF
− Vacancy
−$2.7K −$1.33/SF
EGI
$41.4K $20.27/SF
− OpEx
−$12.4K −$6.08/SF
NOI
$29.0K $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%
$579,960
Cap Rate 7%
$414,257
Cap Rate 9%
$322,200
Alternative Uses
Best Use
Multifamily LT 5
$414.3K
$362.5K – $483.3K
NOI $28,998 @ 7.0% cap · market cap 4.64%
Second Best
Apartment 5plus
$378.4K
$331.1K – $441.5K
NOI $26,488 @ 7.0% cap · market cap 4.24%
Theoretical Best
Office A
$658.4K
$576.1K – $768.2K
NOI $46,091 @ 7.0% cap · market cap 7.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,474
Businesses Nearby
Explore this area
Business Placement
Demographics for 32803, FL
21,003
Population
12,225
Households
1.7
Avg Household Size
38
Median Age
59%
College-Educated
96%
High-School Grad
6.8 sq mi
ZIP Area
3,089
Density / Sq Mi
$101,401
Median Household Income
$61,439
Median Earnings
$1,823
Median Rent
$421,300
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 residences share one parcel, with separate entrances and established short-term and long-term rental use.
Where is this duplex located?
The property is located at 3701 VIRGINIA Drive Orlando, FL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Two residences totaling 2,044 square feet on a 0.19‑acre parcel; Main residence measures 1,420 sq. ft. with 3 bedrooms and 2 bathrooms; Detached ADU measures approximately 688 sq. ft. with 1 bedroom and 1 bathroom
