Duplex with Screened
For Sale
$496,000
607-609 CALIFORNIA Avenue, Saint Cloud, FL 34769
Residential Income, ST CLOUD, FL
Property Size2,028 SF
Lot Size0.26 Acres
Price / SF$244.58
Days on Market192
Property Features for 607-609 CALIFORNIA Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
SR2
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 3, Bedroom 4, Bathroom 4, Bedroom 2
Parking features
RV
Patio and Porch features
Porch
Interior features
Ceiling Fans(s)
Exterior features
Sliding Doors
Appliances
Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator, Washer
Subdivision
ST CLOUD 2ND TOWN OF
Directions
192 East to California, left onto California. Property will be on the right.
Standard status
Active
APN
01-26-30-0001-0036-0160
Size
2,028 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ST CLOUD PB B PG 34 BLK 36 LOTS 16-18 3/26/30
Tax Annual Amount
4278
Legal Description
ST CLOUD PB B PG 34 BLK 36 LOTS 16-18 3/26/30
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
attached screened porch
updated appliances
washer/dryer
Building Details
Year built
1985
Number of units
2
Flooring type
Tile
Building materials
Block
Roof type
Shingle
Listing Agency:
IRON VALLEY REAL ESTATE OSCEOLA
(407) 698-4663
Listed By:
Patricia McCabe · License #3348267
(407) 729-6837
Added: Feb 12
Changed: Aug 19
Last Checked: Aug 23 at 1:06PM
MLS# S5143820
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 contains 2028 square feet on a 0.26-acre parcel, with two residences that each offer two bedrooms, two bathrooms, and an open floor plan. Both units include screened porches, updated appliances, and in-unit washer and dryer setups. Tile flooring, central heating and central air, ceiling fans, sliding doors, and block construction add to the physical profile. The property was built in 1985 and includes RV parking, a shingle roof, and public water and sewer service. Long-term tenants are already in place.
The property is located in St. Cloud near the lakefront, walking paths, shopping, entertainment, dining, and medical services. Zoning is SR2. Each residence includes a range, refrigerator, dishwasher, microwave, and electric water heater.
The property is located in St. Cloud near the lakefront, walking paths, shopping, entertainment, dining, and medical services. Zoning is SR2. Each residence includes a range, refrigerator, dishwasher, microwave, and electric water heater.
Key Highlights
- Duplex with two 2‑bedroom, 2‑bathroom residences
- 2028 square feet on a 0.26‑acre parcel
- Screened porch attached to each unit
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
$27,048
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
5.45%
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%
$540,960
$541.0K
Cap Rate 7%
$386,400
$386.4K
Cap Rate 9%
$300,533
$300.5K
Market Conditions
NOI Build-Up for 2,028 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
$41.4K $20.40/SF
− Vacancy
−$2.7K −$1.35/SF
EGI
$38.6K $19.05/SF
− OpEx
−$11.6K −$5.72/SF
NOI
$27.0K $13.34/SF
Area
Osceola County, FL
Vacancy
6.60%
Lease Rate
$20.40 /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%
$540,960
Cap Rate 7%
$386,400
Cap Rate 9%
$300,533
Alternative Uses
Best Use
Multifamily LT 5
$386.4K
$338.1K – $450.8K
NOI $27,048 @ 7.0% cap · market cap 5.45%
Second Best
Apartment 5plus
$355.8K
$311.3K – $415.1K
NOI $24,904 @ 7.0% cap · market cap 5.02%
Theoretical Best
Specialty Retail
$627.1K
$548.7K – $731.6K
NOI $43,896 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
669
Businesses Nearby
Explore this area
Business Placement
Demographics for 34769, FL
27,594
Population
11,070
Households
2.5
Avg Household Size
40
Median Age
24%
College-Educated
89%
High-School Grad
10.6 sq mi
ZIP Area
2,603
Density / Sq Mi
$58,764
Median Household Income
$35,776
Median Earnings
$1,400
Median Rent
$271,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two separately configured residences provide two bedrooms, two bathrooms, and a screened porch apiece.
Where is this duplex located?
The property is located at 607-609 CALIFORNIA Avenue Saint Cloud, FL.
What is the asking price?
The asking price for this property is $496,000.
What are key features of this property?
This property features: Duplex with two 2‑bedroom, 2‑bathroom residences; 2028 square feet on a 0.26‑acre parcel; Screened porch attached to each unit
