454 LAKEPORT COVE, Casselberry, FL 32707
Quadruplex - CASSELBERRY, FL
- Added:
- Mar 30, 2026
- Days on Market:
- 90
- Last Refresh:
- Jun 27 at 1:06 pm
Property Features for 454 LAKEPORT COVE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Zoning
- R-1A
- Bedrooms
- 8
- Rooms
- Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Exterior features
- Paved
- Standard status
- Active
- APN
- 08-21-30-501-0000-001A
- Size
- 4,040 SF
- Lot size
- 0.85 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 9906.93
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1948
- Number of units
- 4
- Building materials
- Block
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Bo Julian License #641125 (407) 694-5843
Listing office JULIAN PROPERTIES, INC. 7491 Conroy Windermere Rd #A, Orlando, FL (407) 694-5843
Listing date Mar 30, 2026
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.
HighLights
- 4‑unit income property with four detached rental homes on a 0.85‑acre parcel
- Durable masonry/block construction; year built 1948
- Central heating and central air conditioning
- Shingle roof with reported newer roofs (approximately 4 years old)
- Current rent roll of approximately $71,000 annually; average rents of approximately $1,650 per unit
- Favorable insurance costs of approximately $6,000 per year; paved exterior
Overview
The homes sit on an expansive 0.85-acre parcel at 454 Lakeport Cove in Casselberry, Florida (Seminole County). The size of the land component is noted as a meaningful characteristic of the property, and the presentation highlights favorable operating economics, including insurance costs of approximately $6,000 per year.
For investors or owner-operators seeking a manageable, small residential income asset, the configuration of four detached units can support straightforward operations and tenant turnover planning. The current rent levels are described as below market at approximately $1,650 per unit, with the marketing noting that comparable properties support higher rent rates. The offering is positioned for buyers looking for steady in-place income with potential for additional income through rent adjustments, alongside limited near-term capital expenditure needs as described in the remarks.
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 | $82.4k | $20.40 |
| − Vacancy | −$5.4k | −$1.35 |
| EGI | $77.0k | $19.05 |
| − OpEx | −$23.1k | −$5.72 |
| NOI | $53.9k | $13.34 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Casselberry
- County
- Seminole
- State
- Florida
- Longitude
- -81.332512
- Latitude
- 28.681283
