Duplex with Central
For Sale
$620,000
1016 ATKINS Place, Orlando, FL 32804
MULTI_FAMILY - ORLANDO, FL
Property Size1,518 SF
Lot Size0.09 Acres
Price / SF$408.43
Days on Market12
Property Features for 1016 ATKINS Place
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
PD/T
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Dining Room, Family Room, Bedroom 3, Bedroom 1, Bathroom 2, Laundry Room, Bedroom 2, Laundry Room
Interior features
Ceiling Fans(s), Kitchen/Family Room Combo, Living Room/Dining Room Combo
Appliances
Dishwasher, Disposal, Dryer, Range Hood, Refrigerator, Washer
Subdivision
OMARA SUB
Elementary school
Lake Silver Elem
Middle school
College Park Middle
High school
Edgewater High
Directions
If you are driving from Orlando International Airport, exit the Airport: Take Cargo Road and Jeff Fuqua Blvd north to exit the airport grounds. Take the Main Road: Merge onto S Semoran Blvd (FL-436 N) and follow it north for about 4 minutes (2.0 miles). Get on the Expressway: Use the right lanes to take the ramp onto FL-408 W (Toll road) heading toward Downtown Orlando. Drive Through Downtown: Stay on FL-408 W for approximately 12.8 miles (about 24 minutes). Take the Exit: Follow FL-408 W to the N Westmoreland Dr exit. Head North into College Park: Merge onto N Westmoreland Dr and head north. Arrive at the Property: Drive straight on N Westmoreland Dr, then turn left onto Atkins Pl. The duplex at 1016 will be on your left.
Standard status
Active
APN
22-22-29-6179-00-010
Size
1,518 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
OMARA SUB 31/27 LOT 1 (LESS W 100 FT)
Tax Annual Amount
7831
Legal Description
OMARA SUB 31/27 LOT 1 (LESS W 100 FT)
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Water source
Private, Public
Building Details
Year built
1925
Floors in Building
2
Flooring type
Tile - Ceramic, Laminate, Vinyl
Building materials
Concrete
Roof type
Shingle
Listing Agency:
LPT REALTY, LLC
(877) 366-2213
Listed By:
Maria Fontalvo
(407) 409-0340
Added: Aug 3
Changed: Aug 13
Last Checked: Aug 14 at 10:06AM
MLS# O6424430
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 duplex contains 1,518 square feet on a 0.09-acre parcel and was built in 1925. The concrete structure has a shingle roof, central air, heat-pump heating, public sewer, and public and private water sources. Interior features include combined kitchen and family room areas, a living room and dining room combination, ceramic tile, laminate, and vinyl flooring, along with laundry rooms. Appliances include a dishwasher, disposal, dryer, range hood, refrigerator, and washer. The property is zoned PD/T and has cable available.
The home is in College Park, with Downtown Orlando, Dubsdread Golf Course, and Lake Adair identified nearby. Major roadway access is available, and Orlando International Airport is approximately 30 minutes away.
The home is in College Park, with Downtown Orlando, Dubsdread Golf Course, and Lake Adair identified nearby. Major roadway access is available, and Orlando International Airport is approximately 30 minutes away.
Key Highlights
- 1,518‑square‑foot duplex on a 0.09‑acre parcel
- Built in 1925 with concrete construction and a shingle roof
- Central air conditioning and heat‑pump heating
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
$21,536
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
3.47%
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%
$430,720
$430.7K
Cap Rate 7%
$307,657
$307.7K
Cap Rate 9%
$239,289
$239.3K
Market Conditions
NOI Build-Up for 1,518 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
$32.8K $21.60/SF
− Vacancy
−$2.0K −$1.33/SF
EGI
$30.8K $20.27/SF
− OpEx
−$9.2K −$6.08/SF
NOI
$21.5K $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%
$430,720
Cap Rate 7%
$307,657
Cap Rate 9%
$239,289
Alternative Uses
Best Use
Multifamily LT 5
$307.7K
$269.2K – $358.9K
NOI $21,536 @ 7.0% cap · market cap 3.47%
Second Best
Apartment 5plus
$281.0K
$245.9K – $327.9K
NOI $19,672 @ 7.0% cap · market cap 3.17%
Theoretical Best
Office A
$489.0K
$427.9K – $570.5K
NOI $34,230 @ 7.0% cap · market cap 5.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,460
Businesses Nearby
Explore this area
Business Placement
Demographics for 32804, FL
19,084
Population
10,127
Households
1.9
Avg Household Size
40
Median Age
61%
College-Educated
97%
High-School Grad
7.2 sq mi
ZIP Area
2,651
Density / Sq Mi
$113,466
Median Household Income
$61,227
Median Earnings
$1,717
Median Rent
$498,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with ceramic tile, laminate, and vinyl flooring, plus washer and dryer connections.
Where is this duplex located?
The property is located at 1016 ATKINS Place Orlando, FL.
What is the asking price?
The asking price for this property is $620,000.
What are key features of this property?
This property features: 1,518‑square‑foot duplex on a 0.09‑acre parcel; Built in 1925 with concrete construction and a shingle roof; Central air conditioning and heat‑pump heating
