2-Unit Duplex with
For Sale
Under Contract
$660,000
1016 ARAGON Avenue, Winter Park, FL 32789
Residential, 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
2
Half bathrooms
2
Rooms
Dining Room, Bathroom 3, Bathroom 4, Bedroom 3, Bathroom 1, Bedroom 2, Bedroom 1, Bathroom 2, Bedroom 4
Window features
Aluminum Frames, Skylight(s), Blinds
Patio and Porch features
Patio
Pool private
1
Interior features
Ceiling Fans(s), Living Room/Dining Room Combo, Primary Bedroom Main Floor
Exterior features
Courtyard, Private Entrance, Sidewalk
Fencing
Fenced
Accessibility
Accessible Approach with Ramp
Appliances
Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Subdivision
SEVILLE PARK
Lot features
City Limits, Sidewalk, Street Brick
Elementary school
Audubon Park K8
Middle school
Audubon Park K-8
High school
Winter Park High
Directions
From S Park Ave, turn right on W Fairbanks Ave, left on 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, Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
in-ground pool
Building Details
Year built
1983
Floors in Building
1
Flooring type
Tile
Building materials
Block
Roof type
Metal
Additional Structures
Storage
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# O6433576
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 contains two residences, each with two bedrooms, a Jack-and-Jill bathroom, and a half bath. Built in 1983, the block property has central heating and air conditioning, a patio, and a private, fenced in-ground pool. The 0.16-acre parcel is zoned R-2 and served by public water and sewer.
The property is on a tree-lined brick street in Winter Park, near downtown, Florida Hospital, Rollins College, and Mead Gardens. Shopping and restaurants are also nearby.
The property is on a tree-lined brick street in Winter Park, near downtown, Florida Hospital, Rollins College, and Mead Gardens. Shopping and restaurants are also nearby.
Key Highlights
- Two residences, each with two bedrooms, a Jack‑and‑Jill bathroom, and a half bath
- 1,840 square feet on a 0.16‑acre parcel
- Private in‑ground pool with fenced yard and patio
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
Property Analytics
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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
Check the figures for this property
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 offers two bedrooms, a Jack-and-Jill bathroom, 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 residences, each with two bedrooms, a Jack‑and‑Jill bathroom, and a half bath; 1,840 square feet on a 0.16‑acre parcel; Private in‑ground pool with fenced yard and patio
