Residential Income Property with Two
For Sale
$799,000
1017 N THORNTON Avenue, Orlando, FL 32803
MULTI_FAMILY - ORLANDO, FL
Property Size2,710 SF
Lot Size0.21 Acres
Price / SF$294.83
Days on Market18
Property Features for 1017 N THORNTON Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R-2A/T
Bedrooms
6
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 2, Bedroom 6, Bedroom 4, Dining Room, Bathroom 4, Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 3, Bathroom 5, Bedroom 1, Bedroom 5
Parking features
Open, Driveway
Interior features
Ceiling Fans(s), Eat-in Kitchen, Living Room/Dining Room Combo
Exterior features
Garden, Lighting, Rain Gutters, Sidewalk, Sprinkler Metered
Fireplace
1
Appliances
Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Subdivision
LAKE HIGHLANDS HEIGHTS
Elementary school
Audubon Park K8
High school
Edgewater High
Directions
Head toward N Thornton Ave on E Colonial Dr (US-17/US-92). Turn left onto N Mills Ave (US-17/US-92). Turn left onto Weber St. Turn right onto N Thornton Ave.
Standard status
Active
APN
24-22-29-4468-06-010
Size
2,710 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LAKE HIGHLAND HEIGHTS Q/131 LOT 1 BLK F
Tax Annual Amount
11599
Legal Description
LAKE HIGHLAND HEIGHTS Q/131 LOT 1 BLK F
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1953
Floors in Building
2
Flooring type
Wood, Tile, Vinyl
Building materials
Block, Concrete
Roof type
Shingle
Listing Agency:
KELLER WILLIAMS REALTY AT THE PARKS
(407) 629-4420
Listed By:
Thomas Nickley, Jr · License #3275393
(407) 629-4420
Added: Jul 13
Changed: Jul 29
Last Checked: Jul 30 at 9:06PM
MLS# O6425051
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.
1017 N Thornton Avenue presents a flexible one-story residential income property with six bedrooms and five bathrooms, offering generous space for residents, guests, or separate household needs. The home includes two kitchens, supporting extended stays, entertaining, or multi-generational living.
Outdoor space is highlighted by a front porch and an open patio for casual gatherings or outdoor dining. The property is located in Orlando’s 32803 area, with proximity to Downtown Orlando, Mills 50, Lake Eola, Ivanhoe Village, and a range of restaurants, shopping, parks, schools, and everyday conveniences.
Outdoor space is highlighted by a front porch and an open patio for casual gatherings or outdoor dining. The property is located in Orlando’s 32803 area, with proximity to Downtown Orlando, Mills 50, Lake Eola, Ivanhoe Village, and a range of restaurants, shopping, parks, schools, and everyday conveniences.
Key Highlights
- One‑story home with 6 bedrooms and 5 bathrooms
- Two kitchens plus living room/dining room combo
- Appliances included: dishwasher, microwave, range, refrigerator, washer, and dryer
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $58.5k | $21.60 |
| − Vacancy | −$3.6k | −$1.33 |
| EGI | $54.9k | $20.27 |
| − OpEx | −$16.5k | −$6.08 |
| NOI | $38.4k | $14.19 |
2,710 SF · lease $21.60/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$549.2K
$480.6K – $640.8K
NOI $38,447 @ 7.0% cap · market cap 4.81%
Second Best
Apartment 5plus
$501.7K
$439.0K – $585.3K
NOI $35,119 @ 7.0% cap · market cap 4.40%
Theoretical Best
Office A
$873.0K
$763.9K – $1.02M
NOI $61,109 @ 7.0% cap · market cap 7.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,658
Businesses Nearby
Explore this area
Business Placement
Demographics for 32803, FL
21,003
Population
12,225
Households
1.7
Avg Household Size
38
Median Age
59%
College-Educated
96%
High-School Grad
6.8 sq mi
ZIP Area
3,089
Density / Sq Mi
$101,401
Median Household Income
$61,439
Median Earnings
$1,823
Median Rent
$421,300
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?
Triplex - One-story home with six bedrooms, five bathrooms, two kitchens, plus a front porch and open patio.
Where is this triplex located?
The property is located at 1017 N THORNTON Avenue Orlando, FL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: One‑story home with 6 bedrooms and 5 bathrooms; Two kitchens plus living room/dining room combo; Appliances included: dishwasher, microwave, range, refrigerator, washer, and dryer
