Duplex with Separate
For Sale
$660,000
Pending
1016 ARAGON AVENUE, Winter Park, FL 32789
Each side offers two bedrooms, a Jack-and-Jill bath, and a half bath.
Property Size1,840 SF
Days on Market53
Property Features for 1016 ARAGON AVENUE
General Information
Standard status
Pending
Size
1,840 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Building Details
Year Built
1983
Buildings
1
Listing Agency:
PALMANO GROUP RE BROKERAGE LLC
(321) 214-1211
Listed By:
Pam Stewart · License #503589
(407) 923-2999
Source:
Dennisrealty
Added: Aug 23
Changed: Oct 13
Last Checked: Oct 12 at 7:07PM
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 PALMANO GROUP RE BROKERAGE LLC
Investment Insights
Based on property information with market context.
Built in 1983, this duplex contains two units with a combined layout of four bedrooms, two full bathrooms, and two half bathrooms. Each unit includes two bedrooms, a Jack-and-Jill bathroom arrangement, and one half bath. The configuration supports owner occupancy in one unit while the other is occupied by a tenant.
The property is located at 1016 Aragon Avenue in Winter Park on a brick, tree-lined street. Shopping, restaurants, downtown Winter Park, Rollins College, and Mead Gardens are nearby, providing access to a range of retail, dining, educational, and recreational destinations.
The property is located at 1016 Aragon Avenue in Winter Park on a brick, tree-lined street. Shopping, restaurants, downtown Winter Park, Rollins College, and Mead Gardens are nearby, providing access to a range of retail, dining, educational, and recreational destinations.
Key Highlights
- Two‑unit duplex with 4 total bedrooms
- Each unit has 2 bedrooms, a Jack‑and‑Jill bath, and 1 half bath
- Property includes 2 full baths and 2 half baths overall
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,541
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$490,820
$490.8K
Cap Rate 7%
$350,586
$350.6K
Cap Rate 9%
$272,678
$272.7K
Market Conditions
NOI Build-Up for 1,840 SF
Gross rent
$37.5K $20.40/SF
− Vacancy
−$2.5K −$1.35/SF
EGI
$35.1K $19.05/SF
− OpEx
−$10.5K −$5.72/SF
NOI
$24.5K $13.34/SF
Area
Orange 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%
$490,820
Cap Rate 7%
$350,586
Cap Rate 9%
$272,678
Alternative Uses
Best Use
Multifamily LT 5
$350.6K
$306.8K – $409.0K
NOI $24,541 @ 7.0% cap · market cap 3.72%
Second Best
Apartment 5plus
$322.8K
$282.5K – $376.6K
NOI $22,596 @ 7.0% cap · market cap 3.42%
Theoretical Best
Office A
$523.6K
$458.2K – $610.9K
NOI $36,653 @ 7.0% cap · market cap 5.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,007
Businesses Nearby
Explore this area
Business Placement
Demographics for 32789, FL
26,399
Population
12,945
Households
2
Avg Household Size
44
Median Age
63%
College-Educated
98%
High-School Grad
7.8 sq mi
ZIP Area
3,384
Density / Sq Mi
$100,213
Median Household Income
$65,652
Median Earnings
$1,667
Median Rent
$695,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Each side offers two bedrooms, a Jack-and-Jill bath, and a half bath.
Where is this duplex located?
The property is located at 1016 ARAGON AVENUE Winter Park, FL.
What is the asking price?
The asking price for this property is $660,000.
What are key features of this property?
This property features: Two‑unit duplex with 4 total bedrooms; Each unit has 2 bedrooms, a Jack‑and‑Jill bath, and 1 half bath; Property includes 2 full baths and 2 half baths overall
