Income-Producing Sixplex Near Downtown
613 E 2ND STREET, Sanford, FL 32771
- Added:
- Jan 27, 2026
- Days on Market:
- 126
- Last Refresh:
- Jun 2 at 2:06 am
Property Features for 613 E 2ND STREET
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RMOI
- Bedrooms
- 10
- Rooms
- Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Interior features
- Open Floorplan
- Exterior features
- Sidewalk
- Standard status
- Pending
- APN
- 30-19-31-512-0000-0030
- Size
- 4,272 SF
- Lot size
- 0.26 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 6225.24
Utilities
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1949
- Number of units
- 6
- Building materials
- Frame
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Robert Foutz License #3098392 (407) 227-0321
Listing office ASSIST 2 SELL FOUTZ REALTY 3256 W. Lake Mary Blvd, Suite, Lake Mary, FL (407) 330-4343
Listing date Jan 27, 2026
MLS# O6376821
Listing URL
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
- Prime location in Historic Downtown Sanford, steps from restaurants, shops, breweries, and the waterfront.
- Income‑producing sixplex with all units currently rented for immediate cash flow.
- Desirable unit mix: four 1‑bedroom/1‑bathroom and two 3‑bedroom/1‑bathroom apartments.
- Extensively updated units since 2017.
- Low‑maintenance design.
- Easy access to I‑4 and 417 toll road for convenient commuting.
Overview
This income-producing sixplex at 613 E. 2nd Street is located steps from the culture of Historic Downtown Sanford. The property provides access to restaurants, shops, craft breweries, and the waterfront at Mellon Park. The asset is positioned to capture the value of a rising development tide. The property features a unit mix of four one-bedroom, one-bathroom apartments and two three-bedroom, one-bathroom residences. All units have been updated since 2017. All units are currently rented for immediate cash flow. The location offers convenience to local shopping, entertainment, and major commute routes like I-4 and the 417 toll road. The property is located in Sanford, FL 32771. The lot size is 0.26 acres and the property size is 4272 square feet. The property is zoned RMOI.
Local Financial Insights For Apartment 5plus
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 | $102.0k | $23.88 |
| − Vacancy | −$6.6k | −$1.55 |
| EGI | $95.4k | $22.33 |
| − OpEx | −$42.9k | −$10.05 |
| NOI | $52.5k | $12.28 |
4,272 SF · lease $23.88/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$749.4K
$655.8K – $874.4K
NOI $52,461 @ 7.0% cap · market cap 6.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.22M
$1.06M – $1.42M
NOI $85,098 @ 7.0% cap · market cap 10.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Sanford
- County
- Seminole
- State
- Florida
- Longitude
- -81.262266
- Latitude
- 28.810159
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Updated sixplex near Historic Downtown Sanford with immediate cash flow.
Where is this apartment building located?
The property is located at 613 E 2ND STREET Sanford, FL.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Prime location in Historic Downtown Sanford, steps from restaurants, shops, breweries, and the waterfront.; Income‑producing sixplex with all units currently rented for immediate cash flow.; Desirable unit mix: four 1‑bedroom/1‑bathroom and two 3‑bedroom/1‑bathroom apartments.
