Two-Story Concrete
For Sale
$345,000
901 COLYER Street, Orlando, FL 32805
MULTI_FAMILY - ORLANDO, FL
Property Size1,426 SF
Lot Size0.09 Acres
Price / SF$241.94
Days on Market149
Property Features for 901 COLYER Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-2A/T/PH
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 1
Parking features
Driveway, Assigned, Off Street
Window features
Blinds
Patio and Porch features
Porch
Interior features
Ceiling Fans(s), Eat-in Kitchen, Window Treatments
Exterior features
Balcony, Private Entrance
Subdivision
W E GORES ADD
Directions
From Inter & Co Soccer Stadium go South, South toward Westmoreland Dr, Left on Westmorland Dr, Left onto Colyer st, Home is on the left.
Standard status
Active
APN
35-22-29-3092-02-140
Size
1,426 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
W E GORES ADDITION F/6 LOT 14 BLK B (LESS BEG 10 FT W OF SE COR E 10 FT TO SAIDSE COR N 10 FT SW 14.14 FT TO POB)
Tax Annual Amount
2161
Legal Description
W E GORES ADDITION F/6 LOT 14 BLK B (LESS BEG 10 FT W OF SE COR E 10 FT TO SAIDSE COR N 10 FT SW 14.14 FT TO POB)
Utilities
Sewer type
Public Sewer
Heating system
Ductless (Heating)
Water source
Public
Amenities
private balcony
in-unit washer/dryer
Building Details
Year built
1967
Floors in Building
2
Flooring type
Tile - Ceramic
Building materials
Concrete
Roof type
Concrete
Listing Agency:
PREFERRED REAL ESTATE BROKERS
(407) 440-4900
Listed By:
Stacey Payne · License #3316628
(407) 427-9120
Added: Mar 22
Changed: Aug 13
Last Checked: Aug 17 at 3:06AM
MLS# O6392744
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.
Located at 901 Colyer Street in Orlando, this two-story concrete duplex sits on a 0.09-acre lot and was built in 1967. The property totals 1,426 SF and is currently vacant, positioned for a smooth, immediate closing.
The duplex offers two fully updated units, each with 2 bedrooms and 1 bathroom. Both units feature wood-look ceramic tile flooring, updated cabinets and appliances, and energy-efficient ductless heating in the living rooms and all bedrooms. Each unit is also equipped with a brand new washer and dryer. A rear-access layout provides convenient access to a large parking pad shared by both units, while the upstairs unit includes a private balcony for outdoor space.
Operationally, the duplex has separate electrical and water meters for each unit, and the water heaters have been recently updated. Additional features include ceiling fans, an eat-in kitchen, window treatments, a porch, and private entrances, with driveway and off-street parking available.
The property is steps from Inter&Co Stadium and located in a rapidly growing area of downtown.
The duplex offers two fully updated units, each with 2 bedrooms and 1 bathroom. Both units feature wood-look ceramic tile flooring, updated cabinets and appliances, and energy-efficient ductless heating in the living rooms and all bedrooms. Each unit is also equipped with a brand new washer and dryer. A rear-access layout provides convenient access to a large parking pad shared by both units, while the upstairs unit includes a private balcony for outdoor space.
Operationally, the duplex has separate electrical and water meters for each unit, and the water heaters have been recently updated. Additional features include ceiling fans, an eat-in kitchen, window treatments, a porch, and private entrances, with driveway and off-street parking available.
The property is steps from Inter&Co Stadium and located in a rapidly growing area of downtown.
Key Highlights
- Two fully updated units, each with 2 bedrooms and 1 bathroom
- Separate electrical and water meters plus recently updated water heaters
- Ductless heating (mini split) in living rooms and all bedrooms
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
$20,231
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
5.86%
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%
$404,620
$404.6K
Cap Rate 7%
$289,014
$289.0K
Cap Rate 9%
$224,789
$224.8K
Market Conditions
NOI Build-Up for 1,426 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
$30.8K $21.60/SF
− Vacancy
−$1.9K −$1.33/SF
EGI
$28.9K $20.27/SF
− OpEx
−$8.7K −$6.08/SF
NOI
$20.2K $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%
$404,620
Cap Rate 7%
$289,014
Cap Rate 9%
$224,789
Alternative Uses
Best Use
Multifamily LT 5
$289.0K
$252.9K – $337.2K
NOI $20,231 @ 7.0% cap · market cap 5.86%
Second Best
Apartment 5plus
$264.0K
$231.0K – $308.0K
NOI $18,480 @ 7.0% cap · market cap 5.36%
Theoretical Best
Office A
$459.4K
$402.0K – $535.9K
NOI $32,156 @ 7.0% cap · market cap 9.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,658
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Zoned R-2A/T/PH with two updated 2-bedroom, 1-bath units and separate electrical and water meters.
Where is this duplex located?
The property is located at 901 COLYER Street Orlando, FL.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Two fully updated units, each with 2 bedrooms and 1 bathroom; Separate electrical and water meters plus recently updated water heaters; Ductless heating (mini split) in living rooms and all bedrooms
