Four-Unit Quadplex Overlooking Lake
New
For Sale
$1,060,000
Pending
1008 - 1014 E CENTRAL, Orlando, FL 32801
Income-producing quadplex with private screened porches, updated systems, and rear community parking.
Property Size3,157 SF
Days on Market6
Property Features for 1008 - 1014 E CENTRAL
General Information
Standard status
Pending
Size
3,157 SF
Property subtype
Investment
Units
Unit Mix
4 x 2BR
Multifamily Units
4
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$11,462
Amenities
private screened-in porch
community parking
Building Details
Building Size
3,157 SF
Year Built
1952
Listing Agency:
(407) 697-1119
Listed By:
Peggy Moore
(407) 697-1119
Source:
Elliman
Added: Aug 15
Changed: Aug 16
Last Checked: Aug 19 at 12:23PM
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 Peggy Moore
Investment Insights
Based on property information with market context.
Located at 1008 - 1014 E CENTRAL in Orlando, this quadplex contains four spacious 2-bedroom units, each with a private screened-in porch and views toward Lake Lawsona. The property was built in 1952 and includes rear community parking. Each unit has a 3 year old tri-split AC system, while the exterior was painted in 2025.
The roofs and electrical panel boxes were replaced in 2021. Three units have on-demand water heaters, and the fourth water heater is three years old. The property is in Thornton Park, near restaurants, cafés, boutique shops, neighborhood bars, Lake Eola Park, downtown Orlando, cultural attractions, and major employment centers. Access to SR-408 and Interstate 4 supports regional commuting.
The roofs and electrical panel boxes were replaced in 2021. Three units have on-demand water heaters, and the fourth water heater is three years old. The property is in Thornton Park, near restaurants, cafés, boutique shops, neighborhood bars, Lake Eola Park, downtown Orlando, cultural attractions, and major employment centers. Access to SR-408 and Interstate 4 supports regional commuting.
Key Highlights
- Four 2‑bedroom units with private screened‑in porches
- Overlooks Lake Lawsona in Thornton Park
- 3 year old tri‑split AC systems in all units
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
$44,789
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
4.23%
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%
$895,780
$895.8K
Cap Rate 7%
$639,843
$639.8K
Cap Rate 9%
$497,656
$497.7K
Market Conditions
NOI Build-Up for 3,157 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
$68.2K $21.60/SF
− Vacancy
−$4.2K −$1.33/SF
EGI
$64.0K $20.27/SF
− OpEx
−$19.2K −$6.08/SF
NOI
$44.8K $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%
$895,780
Cap Rate 7%
$639,843
Cap Rate 9%
$497,656
Alternative Uses
Best Use
Multifamily LT 5
$639.8K
$559.9K – $746.5K
NOI $44,789 @ 7.0% cap · market cap 4.23%
Second Best
Apartment 5plus
$584.5K
$511.4K – $681.9K
NOI $40,912 @ 7.0% cap · market cap 3.86%
Theoretical Best
Office A
$1.02M
$889.9K – $1.19M
NOI $71,189 @ 7.0% cap · market cap 6.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
9,201
Businesses Nearby
Explore this area
Business Placement
Demographics for 32801, FL
17,728
Population
12,133
Households
1.5
Avg Household Size
36
Median Age
63%
College-Educated
95%
High-School Grad
2.2 sq mi
ZIP Area
8,058
Density / Sq Mi
$77,626
Median Household Income
$63,090
Median Earnings
$1,773
Median Rent
$397,600
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?
Quadplex - Income-producing quadplex with private screened porches, updated systems, and rear community parking.
Where is this quadplex located?
The property is located at 1008 - 1014 E CENTRAL Orlando, FL.
What is the asking price?
The asking price for this property is $1,060,000.
What are key features of this property?
This property features: Four 2‑bedroom units with private screened‑in porches; Overlooks Lake Lawsona in Thornton Park; 3 year old tri‑split AC systems in all units
