Concrete Block
For Sale
Under Contract
$325,000
826 19TH Street, Orlando, FL 32805
Residential Income, ORLANDO, FL
Property Size1,604 SF
Lot Size0.15 Acres
Price / SF$202.62
Days on Market29
Property Features for 826 19TH Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-2
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 3, Bedroom 4, Bedroom 1, Bathroom 2, Bedroom 2
Subdivision
ANGEBILT ADD
Directions
Take ramp onto I-4 W (SR-400) toward Tampa. Take exit 81 toward US-17 N/US-92 E/US-441 N onto W Michigan St. Turn right onto S Westmoreland Dr. Turn right onto 19th St.
Standard status
Active Under Contract
APN
03-23-29-0180-14-020
Size
1,604 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ANGEBILT ADDITION H/79 LOT 2 BLK 14 SEE3868/134
Tax Annual Amount
5471
Legal Description
ANGEBILT ADDITION H/79 LOT 2 BLK 14 SEE3868/134
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1988
Floors in Building
1
Flooring type
Linoleum, Tile - Ceramic
Building materials
Block
Roof type
Shingle
Listing Agency:
KELLER WILLIAMS REALTY AT THE PARKS
(407) 629-4420
Listed By:
Thomas Nickley, Jr · License #3275393
(321) 945-1152
Added: Aug 7
Changed: Sep 2
Last Checked: Sep 4 at 4:06AM
MLS# O6430969
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 Orlando duplex contains two 2-bedroom, 1-bathroom units within a 1,604-square-foot residential income property built in 1988. Concrete block construction, central heating and cooling, ceramic tile and linoleum flooring, shingle roofing, and functional kitchen and living areas support straightforward occupancy and maintenance. The property sits on a 0.15-acre lot and includes outdoor space for landscaping or tenant use.
Both units are tenant occupied. Unit 826 is leased through April 2027, while Unit 828 is leased through June 2027. The property is located near Downtown Orlando with access to I-4, SR 408, and John Young Parkway. It is also near employment centers, shopping, dining, parks, schools, and entertainment. Public water and public sewer serve the property, which is zoned R-2.
Both units are tenant occupied. Unit 826 is leased through April 2027, while Unit 828 is leased through June 2027. The property is located near Downtown Orlando with access to I-4, SR 408, and John Young Parkway. It is also near employment centers, shopping, dining, parks, schools, and entertainment. Public water and public sewer serve the property, which is zoned R-2.
Key Highlights
- Two 2‑bedroom, 1‑bathroom units in a duplex configuration
- 1,604 square feet on a 0.15‑acre lot
- Concrete block construction built in 1988
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
$22,756
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
7.00%
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%
$455,120
$455.1K
Cap Rate 7%
$325,086
$325.1K
Cap Rate 9%
$252,844
$252.8K
Market Conditions
NOI Build-Up for 1,604 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
$34.6K $21.60/SF
− Vacancy
−$2.1K −$1.33/SF
EGI
$32.5K $20.27/SF
− OpEx
−$9.8K −$6.08/SF
NOI
$22.8K $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%
$455,120
Cap Rate 7%
$325,086
Cap Rate 9%
$252,844
Alternative Uses
Best Use
Multifamily LT 5
$325.1K
$284.5K – $379.3K
NOI $22,756 @ 7.0% cap · market cap 7.00%
Second Best
Apartment 5plus
$296.9K
$259.8K – $346.4K
NOI $20,786 @ 7.0% cap · market cap 6.40%
Theoretical Best
Office A
$516.7K
$452.1K – $602.8K
NOI $36,169 @ 7.0% cap · market cap 11.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,405
Businesses Nearby
Explore this area
Business Placement
Demographics for 32805, FL
23,331
Population
9,332
Households
2.5
Avg Household Size
39
Median Age
16%
College-Educated
78%
High-School Grad
6.8 sq mi
ZIP Area
3,431
Density / Sq Mi
$39,425
Median Household Income
$29,592
Median Earnings
$1,112
Median Rent
$226,100
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 - Two leased residences with practical layouts, central cooling, and public water and sewer service.
Where is this duplex located?
The property is located at 826 19TH Street Orlando, FL.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bathroom units in a duplex configuration; 1,604 square feet on a 0.15‑acre lot; Concrete block construction built in 1988
