Fully Occupied Triplex with Updated
New
For Sale
$850,000
5214 JOSEPHINE Street, Orlando, FL 32803
MULTI_FAMILY - ORLANDO, FL
Property Size2,472 SF
Lot Size0.27 Acres
Price / SF$343.85
Days on Market6
Property Features for 5214 JOSEPHINE Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R-2
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Bedroom 3, Dining Room, Laundry Room, Bedroom 6, Bedroom 2, Bathroom 2, Bedroom 1, Bathroom 3, Bedroom 4, Bathroom 1
Interior features
Living Room/Dining Room Combo, Open Floorplan, Stone Counters
Exterior features
Courtyard
Subdivision
SECOND ADD
Elementary school
Baldwin Park Elementary
Middle school
Glenridge Middle
High school
Winter Park High
Directions
From 408 exit Semoran Blvd (436) towards S. Semoram blvd, left onto Old Cheney Hwy, righ onto Josephime St to the property
Standard status
Active
APN
21-22-30-3944-03-010
Size
2,472 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SECOND ADDITION TO JAMAJO J/133 LOT 1 &N 33.5 FT OF LOT 2 BLK C SEE 4030/913
Tax Annual Amount
7226
Legal Description
SECOND ADDITION TO JAMAJO J/133 LOT 1 &N 33.5 FT OF LOT 2 BLK C SEE 4030/913
Utilities
Sewer type
Septic Tank
Cooling system
Central Air
Water source
Public
Amenities
separate laundry room
Building Details
Year built
1979
Flooring type
Tile - Ceramic
Building materials
Block, Stucco
Roof type
Shingle
Listing Agency:
LPT REALTY, LLC
(877) 366-2213
Listed By:
Jackie Cavada-Barrero
(407) 443-7776
Added: Aug 4
Changed: Aug 9
Last Checked: Aug 9 at 5:06PM
MLS# O6430470
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 single-story block triplex contains three separately rented residences, each with two bedrooms, one bathroom, a living room/dining room combination, open floor plan, stone counters, ceramic tile flooring, and a dedicated laundry room. The property provides approximately 2,472 square feet on an approximately 0.27-acre corner lot and was built in 1979. Public water and septic service support the building, which also includes a courtyard and central air. R-2 zoning applies.
All three units are occupied. Capital work includes repiping and electrical updates across the units in 2021, replacement of one septic system in 2022, and servicing and pumping of the second septic system in 2025. The property is near Baldwin Park restaurants, shopping, parks, and recreation, with Downtown Orlando nearby. Access to Colonial Drive and SR 408 connects the property with destinations throughout Central Florida. Showings are by appointment only; tenants should not be disturbed.
All three units are occupied. Capital work includes repiping and electrical updates across the units in 2021, replacement of one septic system in 2022, and servicing and pumping of the second septic system in 2025. The property is near Baldwin Park restaurants, shopping, parks, and recreation, with Downtown Orlando nearby. Access to Colonial Drive and SR 408 connects the property with destinations throughout Central Florida. Showings are by appointment only; tenants should not be disturbed.
Key Highlights
- Three occupied 2‑bedroom, 1‑bath units
- Approximately 2,472 square feet on an approximately 0.27‑acre corner lot
- Repiping and electrical updates completed across all three units in 2021
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
$35,071
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
4.13%
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%
$701,420
$701.4K
Cap Rate 7%
$501,014
$501.0K
Cap Rate 9%
$389,678
$389.7K
Market Conditions
NOI Build-Up for 2,472 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
$53.4K $21.60/SF
− Vacancy
−$3.3K −$1.33/SF
EGI
$50.1K $20.27/SF
− OpEx
−$15.0K −$6.08/SF
NOI
$35.1K $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%
$701,420
Cap Rate 7%
$501,014
Cap Rate 9%
$389,678
Alternative Uses
Best Use
Multifamily LT 5
$501.0K
$438.4K – $584.5K
NOI $35,071 @ 7.0% cap · market cap 4.13%
Second Best
Apartment 5plus
$457.6K
$400.4K – $533.9K
NOI $32,035 @ 7.0% cap · market cap 3.77%
Theoretical Best
Office A
$796.3K
$696.8K – $929.0K
NOI $55,742 @ 7.0% cap · market cap 6.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,649
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?
Triplex - Three separate two-bedroom residences offer private laundry rooms, ceramic tile flooring, and distinct living spaces.
Where is this triplex located?
The property is located at 5214 JOSEPHINE Street Orlando, FL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Three occupied 2‑bedroom, 1‑bath units; Approximately 2,472 square feet on an approximately 0.27‑acre corner lot; Repiping and electrical updates completed across all three units in 2021
