Updated Duplex with Florida
For Sale
$225,000
9943 BURL Way, Orlando, FL 32817
Residential, ORLANDO, FL
Property Size858 SF
Lot Size0.15 Acres
Price / SF$262.24
Days on Market143
Property Features for 9943 BURL Way
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-2
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Laundry Room, Bedroom 2, Dining Room, Bathroom 1, Bedroom 1, Bathroom 2
Window features
Skylight(s)
Interior features
Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor
Exterior features
Balcony
Fencing
Barbed Wire
Appliances
Dishwasher, Microwave, Range, Range Hood, Refrigerator
Subdivision
RIVERWOOD
Elementary school
Union Park Elem
Middle school
Union Park Middle
High school
University High
Directions
From Colonial Dr heading East. Turn Left on N Dean Rd, turn Left on Burl Way and the property is on the right.
Special listing conditions
Short Sale
Standard status
Active
APN
18-22-31-7498-00-561
Size
858 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
RIVERWOOD 12/69 BEG NE COR LOT 56 RUN S146 FT W 18.36 FT NWLY 66.25 FT N 32 DEGE 152.03 FT E 3.27 FT TO POB
Tax Annual Amount
3010
Legal Description
RIVERWOOD 12/69 BEG NE COR LOT 56 RUN S146 FT W 18.36 FT NWLY 66.25 FT N 32 DEGE 152.03 FT E 3.27 FT TO POB
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1984
Floors in Building
1
Flooring type
Tile
Building materials
Block, Stucco, Wood Siding
Roof type
Shingle
Listing Agency:
FLORIDA REALTY INVESTMENTS
(407) 207-2220
Listed By:
Kevin Tran
(407) 434-9595
Added: May 13
Changed: Sep 28
Last Checked: Oct 2 at 6:06AM
MLS# O6403406
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 1984 duplex in Orlando provides 858 square feet with a two-bedroom, two-bath layout. The interior combines living and dining areas in an open arrangement, with the primary bedroom on the main floor, ceramic tile flooring, a kitchen with included appliances, and dedicated laundry space. A Florida room adds flexible enclosed area, while the property also includes a private backyard and balcony. Major improvements include a complete repipe in 2018, replacement air conditioning in 2019, and a new roof in 2022.
The 0.15-acre property is zoned R-2 and uses public water with a septic tank. It is situated beside Jay Blanchard Park and its 7-mile walking and biking trail. SR 408, SR 417, UCF, Valencia College, Waterford Lakes Town Center, Lockheed Martin, Downtown Orlando, and Orlando International Airport are identified as nearby destinations in the property information.
The 0.15-acre property is zoned R-2 and uses public water with a septic tank. It is situated beside Jay Blanchard Park and its 7-mile walking and biking trail. SR 408, SR 417, UCF, Valencia College, Waterford Lakes Town Center, Lockheed Martin, Downtown Orlando, and Orlando International Airport are identified as nearby destinations in the property information.
Key Highlights
- 858‑square‑foot duplex with 2 bedrooms and 2 bathrooms
- Major updates include a 2018 repipe, 2019 A/C, and 2022 roof
- Open living and dining layout with ceramic tile flooring
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
$12,173
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
5.41%
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%
$243,460
$243.5K
Cap Rate 7%
$173,900
$173.9K
Cap Rate 9%
$135,256
$135.3K
Market Conditions
NOI Build-Up for 858 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
$18.5K $21.60/SF
− Vacancy
−$1.1K −$1.33/SF
EGI
$17.4K $20.27/SF
− OpEx
−$5.2K −$6.08/SF
NOI
$12.2K $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%
$243,460
Cap Rate 7%
$173,900
Cap Rate 9%
$135,256
Alternative Uses
Best Use
Multifamily LT 5
$173.9K
$152.2K – $202.9K
NOI $12,173 @ 7.0% cap · market cap 5.41%
Second Best
Apartment 5plus
$158.8K
$139.0K – $185.3K
NOI $11,119 @ 7.0% cap · market cap 4.94%
Theoretical Best
Office A
$276.4K
$241.8K – $322.5K
NOI $19,347 @ 7.0% cap · market cap 8.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
489
Businesses Nearby
Explore this area
Business Placement
Demographics for 32817, FL
40,376
Population
13,747
Households
2.9
Avg Household Size
29
Median Age
36%
College-Educated
92%
High-School Grad
11.7 sq mi
ZIP Area
3,451
Density / Sq Mi
$78,546
Median Household Income
$34,316
Median Earnings
$1,741
Median Rent
$327,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - R-2-zoned duplex with open living areas, tile flooring, private outdoor space, and no HOA.
Where is this duplex located?
The property is located at 9943 BURL Way Orlando, FL.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 858‑square‑foot duplex with 2 bedrooms and 2 bathrooms; Major updates include a 2018 repipe, 2019 A/C, and 2022 roof; Open living and dining layout with ceramic tile flooring
