Corner-Lot
For Sale
$450,000
895 PASADENA Avenue, Longwood, FL 32750
Residential Income, LONGWOOD, FL
Property Size2,632 SF
Lot Size0.24 Acres
Price / SF$170.97
Days on Market373
Property Features for 895 PASADENA Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
LDR
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bedroom 6, Bathroom 1, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 4, Bedroom 5, Laundry Room, Bedroom 3, Bedroom 2
Interior features
Ceiling Fans(s), Primary Bedroom Main Floor, Thermostat
Exterior features
Fence, Rain Gutters, Storage
Fencing
Fenced
Subdivision
LAKE WAYMAN HEIGHTS LAKE ADD
Directions
Hwy 434 to 17-92,left on Orange Ave to right on Highland St to corner on Pasadena Ave
Standard status
Active
APN
32-20-30-513-0J00-0230
Size
2,632 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LOT 23 + E 1/2 LOT 22 BLK J LAKE WAYMAN HEIGHTS LAKE ADD PB 4 PG 23
Tax Annual Amount
4169
Legal Description
LOT 23 + E 1/2 LOT 22 BLK J LAKE WAYMAN HEIGHTS LAKE ADD PB 4 PG 23
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
fenced yard
new AC system
Building Details
Year built
1971
Number of units
2
Building materials
Block
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
SOUTHERN REALTY ENTERPRISES
(407) 869-0033
Listed By:
Frank Filippelli · License #BK316243
(407) 448-1042
Added: Aug 24, 2025
Changed: Aug 29
Last Checked: Aug 31 at 2:06AM
MLS# O6338561
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 provides 2,632 square feet across two residences, with one unit oriented toward Highland St and the other facing Pasadena Ave. The 1971 block construction includes a brand-new shingle roof, new gutters, updated electrical components, and 1 new AC system. Central air, electric heating, ceiling fans, and a main-floor primary bedroom are also present. Each residence includes bedrooms, bathrooms, and laundry space, while exterior features include a fenced yard and storage.
The property occupies a 0.24-acre corner lot in Longwood and is served by public water and public sewer. LDR zoning applies to the site. The address is 895 Pasadena Avenue, Longwood, FL 32750.
The property occupies a 0.24-acre corner lot in Longwood and is served by public water and public sewer. LDR zoning applies to the site. The address is 895 Pasadena Avenue, Longwood, FL 32750.
Key Highlights
- 2,632‑square‑foot duplex with one unit facing Highland St and the other facing Pasadena Ave
- 0.24‑acre corner lot in Longwood
- Brand‑new shingle roof with new gutters
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
$35,104
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
7.80%
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%
$702,080
$702.1K
Cap Rate 7%
$501,486
$501.5K
Cap Rate 9%
$390,044
$390.0K
Market Conditions
NOI Build-Up for 2,632 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
$53.7K $20.40/SF
− Vacancy
−$3.5K −$1.35/SF
EGI
$50.1K $19.05/SF
− OpEx
−$15.0K −$5.72/SF
NOI
$35.1K $13.34/SF
Area
Seminole 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%
$702,080
Cap Rate 7%
$501,486
Cap Rate 9%
$390,044
Alternative Uses
Best Use
Multifamily LT 5
$501.5K
$438.8K – $585.1K
NOI $35,104 @ 7.0% cap · market cap 7.80%
Second Best
Apartment 5plus
$461.7K
$404.0K – $538.7K
NOI $32,322 @ 7.0% cap · market cap 7.18%
Theoretical Best
Office A
$749.0K
$655.4K – $873.8K
NOI $52,429 @ 7.0% cap · market cap 11.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
993
Businesses Nearby
Explore this area
Business Placement
Demographics for 32750, FL
25,261
Population
10,541
Households
2.4
Avg Household Size
43
Median Age
37%
College-Educated
93%
High-School Grad
11.4 sq mi
ZIP Area
2,216
Density / Sq Mi
$85,227
Median Household Income
$48,311
Median Earnings
$1,633
Median Rent
$350,600
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 residences occupy a fenced property with updated electrical service, central air, and public utilities.
Where is this duplex located?
The property is located at 895 PASADENA Avenue Longwood, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 2,632‑square‑foot duplex with one unit facing Highland St and the other facing Pasadena Ave; 0.24‑acre corner lot in Longwood; Brand‑new shingle roof with new gutters
