Duplex with Separate Living
For Sale
$619,000
1003 W SUMNER STREET, Kissimmee, FL 34741
Duplex-style home in T4-R zoning with a handicap-accessible layout and two full kitchens for flexible living or rental.
Property Size3,496 SF
Price / SF$177.06
Days on Market94
Property Features for 1003 W SUMNER STREET
General Information
Standard status
Active
Size
3,496 SF
Property subtype
Duplex
Zoning
T4-R
Building Details
Year Built
2005
Listing Agency:
REMAX PREMIER PROPERTIES
(407) 343-4245
Listed By:
Paola Almonte · License #3287290
(407) 968-7511
Source:
Dennisrealty
Added: Jul 27
Changed: Oct 27
Last Checked: Oct 28 at 8:08AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of REMAX PREMIER PROPERTIES
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Investment Insights
Based on property information with market context.
This duplex-style home offers flexible living with two separate full-kitchen setups and a handicap-accessible layout. The configuration includes 6 bedrooms and 5.5 bathrooms, with 4 bedrooms upstairs and 2 bedrooms downstairs. With two full kitchens, the downstairs portion can function as an in-law suite or be rented separately while the owner occupies the other side.
Additional amenities include a 2-car garage, extra storage, and plenty of parking, including space for a boat. The property also features a privacy-fenced yard and no HOA. Built in 2005, the home provides approximately 3,496 SF of living space and is located in the heart of downtown Kissimmee, zoned T4-R (City of Kissimmee).
Additional amenities include a 2-car garage, extra storage, and plenty of parking, including space for a boat. The property also features a privacy-fenced yard and no HOA. Built in 2005, the home provides approximately 3,496 SF of living space and is located in the heart of downtown Kissimmee, zoned T4-R (City of Kissimmee).
Key Highlights
- Approximately 3,496 SF duplex‑style home built in 2005
- 6 bedrooms and 5.5 bathrooms with 4 upstairs and 2 downstairs
- Two full kitchens for separate living arrangements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,628
Cap Rate
7.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$932,560
$932.6K
Cap Rate 7%
$666,114
$666.1K
Cap Rate 9%
$518,089
$518.1K
Market Conditions
NOI Build-Up for 3,496 SF
Gross rent
$71.3K $20.40/SF
− Vacancy
−$4.7K −$1.35/SF
EGI
$66.6K $19.05/SF
− OpEx
−$20.0K −$5.72/SF
NOI
$46.6K $13.34/SF
Area
Osceola 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 Rate 5%
$932,560
Cap Rate 7%
$666,114
Cap Rate 9%
$518,089
Alternative Uses
Best Use
Multifamily LT 5
$666.1K
$582.9K – $777.1K
NOI $46,628 @ 7.0% cap · market cap 7.53%
Second Best
Apartment 5plus
$613.3K
$536.7K – $715.5K
NOI $42,932 @ 7.0% cap · market cap 6.94%
Theoretical Best
Specialty Retail
$1.08M
$945.9K – $1.26M
NOI $75,671 @ 7.0% cap · market cap 12.22%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
3,747
Businesses Nearby
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Business Placement
Demographics for 34741, FL
56,454
Population
22,043
Households
2.6
Avg Household Size
35
Median Age
28%
College-Educated
87%
High-School Grad
15.0 sq mi
ZIP Area
3,764
Density / Sq Mi
$50,278
Median Household Income
$30,415
Median Earnings
$1,591
Median Rent
$270,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Duplex-style home in T4-R zoning with a handicap-accessible layout and two full kitchens for flexible living or rental.
Where is this duplex located?
The property is located at 1003 W SUMNER STREET Kissimmee, FL.
What is the asking price?
The asking price for this property is $619,000.
What are key features of this property?
This property features: Approximately 3,496 SF duplex‑style home built in 2005; 6 bedrooms and 5.5 bathrooms with 4 upstairs and 2 downstairs; Two full kitchens for separate living arrangements
