Duplex with In-Ground
For Sale
Under Contract
$660,000
1016 ARAGON Avenue, Winter Park, FL 32789
Residential Income, WINTER PARK, FL
Property Size1,840 SF
Lot Size0.16 Acres
Price / SF$358.70
Days on Market53
Property Features for 1016 ARAGON Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-2
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 2, Bathroom 1, Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 2, Bathroom 3
Pool private
1
Interior features
Ceiling Fans(s)
Exterior features
Fence, Private Entrance
Fencing
Fenced
Subdivision
SEVILLE PARK
Directions
From S Park Ave, turn right on W Fairbanks Ave, left on N Orange Ave, right on Aragon. From Lee Rd, turn right on S. Orlando Ave, Left on Aragon.
Standard status
Active Under Contract
APN
12-22-29-7940-02-160
Size
1,840 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SEVILLE PARK K/47 LOT 16 BLK B
Tax Annual Amount
2228
Legal Description
SEVILLE PARK K/47 LOT 16 BLK B
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
in-ground pool
Building Details
Year built
1983
Flooring type
Tile
Building materials
Block
Roof type
Metal
Listing Agency:
PALMANO GROUP RE BROKERAGE LLC
(321) 214-1211
Listed By:
Pam Stewart · License #503589
(407) 923-2999
Added: Aug 23
Changed: Oct 14
Last Checked: Oct 14 at 3:06PM
MLS# O6435228
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 1,840-square-foot duplex on a 0.16-acre lot contains two residences, each with two bedrooms, a Jack-and-Jill bathroom and a half bath. The property includes a private in-ground pool, fencing and private entrance. Block construction, tile flooring, central heating and central air conditioning serve the building, which was built in 1983.
The duplex sits on a brick street described as tree-lined and quiet. Shopping, restaurants, downtown Winter Park, Florida Hospital, Rollins College and Mead Gardens are nearby. Public water and sewer serve the property, and the zoning is R-2.
The duplex sits on a brick street described as tree-lined and quiet. Shopping, restaurants, downtown Winter Park, Florida Hospital, Rollins College and Mead Gardens are nearby. Public water and sewer serve the property, and the zoning is R-2.
Key Highlights
- Two residential units, each with two bedrooms, a Jack‑and‑Jill bath and a half bath
- 1,840 square feet of building area
- 0.16‑acre lot
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
Yes
Paved road access
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 residence includes 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 residential units, each with two bedrooms, a Jack‑and‑Jill bath and a half bath; 1,840 square feet of building area; 0.16‑acre lot
