Duplex Property with Adjacent
For Sale
$239,000
6833 LONGMEADE Lane, Orlando, FL 32822
Residential, ORLANDO, FL
Property Size998 SF
Lot Size0.09 Acres
Price / SF$239.48
Days on Market59
Property Features for 6833 LONGMEADE Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-2
Bedrooms
3
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 3
Interior features
Thermostat
Exterior features
Sidewalk
Appliances
Dishwasher, Range, Refrigerator
Subdivision
MEADOW COVE
Elementary school
Three Points Elem
Middle school
Liberty Middle
High school
Colonial High
Directions
Head south on Semoran Blvd (SR-436) from Colonial Dr. Continue south on Semoran past Curry Ford Rd. Turn right on Pershing Ave. Turn right on Redditt Rd. Turn right on Edgefield Ln. Turn left on Longmeade Ln. The property will be on your left
Standard status
Active
APN
15-23-30-5566-00-300
Size
998 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
MEADOW COVE UNIT 2 10/62 THE W1/2 LOT 30
Tax Annual Amount
2927
Legal Description
MEADOW COVE UNIT 2 10/62 THE W1/2 LOT 30
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1981
Floors in Building
1
Flooring type
Tile
Building materials
Block, Concrete
Roof type
Shingle
Listing Agency:
CREEGAN GROUP
(407) 622-1111
Listed By:
Timothy W Boon, PLLC · License #SL3277151
(321) 246-7930
Added: Jul 10
Changed: Sep 3
Last Checked: Sep 6 at 4:06AM
MLS# O6423441
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.
The property at 6833 Longmeade Lane is a 998-square-foot concrete-block residence built in 1981. The home includes three bedrooms, one bathroom, tile flooring, central air, electric heating, a shingle roof, and a fully enclosed 0.09-acre lot. Interior features include a thermostat, while the kitchen is equipped with a dishwasher, range, and refrigerator. Public water and public sewer serve the property, and a sidewalk is included among the exterior features.
The residence is in Orlando’s 32822 ZIP code near Orlando International Airport, with access to State Roads 408, 417, and 528. Publix, Miller’s Ale House, Turnbull Park, and Ventura Country Club are identified in the surrounding area. Unit 6835 next door is also available separately, creating an opportunity to acquire both sides of the duplex.
The residence is in Orlando’s 32822 ZIP code near Orlando International Airport, with access to State Roads 408, 417, and 528. Publix, Miller’s Ale House, Turnbull Park, and Ventura Country Club are identified in the surrounding area. Unit 6835 next door is also available separately, creating an opportunity to acquire both sides of the duplex.
Key Highlights
- 998‑square‑foot concrete‑block residence built in 1981
- Three‑bedroom, one‑bath layout with tile flooring
- Fully enclosed 0.09‑acre lot
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
$14,109
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
5.90%
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%
$282,180
$282.2K
Cap Rate 7%
$201,557
$201.6K
Cap Rate 9%
$156,767
$156.8K
Market Conditions
NOI Build-Up for 998 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
$21.6K $21.60/SF
− Vacancy
−$1.4K −$1.40/SF
EGI
$20.2K $20.20/SF
− OpEx
−$6.0K −$6.06/SF
NOI
$14.1K $14.14/SF
Area
ZIP 32822
Vacancy
6.50%
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%
$282,180
Cap Rate 7%
$201,557
Cap Rate 9%
$156,767
Alternative Uses
Best Use
Multifamily LT 5
$201.6K
$176.4K – $235.2K
NOI $14,109 @ 7.0% cap · market cap 5.90%
Second Best
Apartment 5plus
$183.8K
$160.8K – $214.4K
NOI $12,864 @ 7.0% cap · market cap 5.38%
Theoretical Best
Specialty Retail
$300.0K
$262.5K – $350.0K
NOI $20,997 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
281
Businesses Nearby
Explore this area
Business Placement
Demographics for 32822, FL
64,120
Population
27,437
Households
2.3
Avg Household Size
37
Median Age
26%
College-Educated
88%
High-School Grad
13.6 sq mi
ZIP Area
4,715
Density / Sq Mi
$52,944
Median Household Income
$31,368
Median Earnings
$1,609
Median Rent
$222,000
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 - Concrete-block residence with tile flooring, public utilities, and convenient access to Orlando’s major routes.
Where is this duplex located?
The property is located at 6833 LONGMEADE Lane Orlando, FL.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: 998‑square‑foot concrete‑block residence built in 1981; Three‑bedroom, one‑bath layout with tile flooring; Fully enclosed 0.09‑acre lot
