Quadplex with Assigned
For Sale
$890,000
Pending
108 BOOTH Lane, Kissimmee, FL 34743
Residential Income, KISSIMMEE, FL
Property Size3,396 SF
Lot Size0.48 Acres
Days on Market88
Property Features for 108 BOOTH Lane
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
OPUD
Bedrooms
8
Bathrooms
8
Full bathrooms
8
Rooms
Bedroom 5, Bathroom 7, Bedroom 7, Bedroom 8, Bedroom 6, Dining Room, Bedroom 2, Bedroom 4, Bathroom 6, Bathroom 1, Bathroom 5, Bathroom 4, Bathroom 2, Bathroom 3, Bedroom 1, Bathroom 8, Bedroom 3
Parking features
Assigned
Pets allowed
Yes
Interior features
Ceiling Fans(s), Living Room/Dining Room Combo, Window Treatments
Exterior features
Balcony, French Doors
Appliances
Cooktop, Disposal, Electric Water Heater, Range, Range Hood, Refrigerator
Subdivision
BUENAVENTURA LAKES UNIT 01
Lot features
Corner Lot, In County, Landscaped, Oversized Lot
Directions
From Downtown Orlando, take FL-408 West and merge onto Florida's Turnpike South toward Miami. Continue on the Turnpike for approximately 14 miles, then take Exit 249 for Osceola Parkway toward Kissimmee. Turn left onto Osceola Parkway and continue east for about 4 miles. Turn right onto Boggy Creek Road, then left onto Booth Lane. Continue to 108 Booth Lane, Kissimmee, FL 34744.
Standard status
Pending
APN
07-25-30-2675-000L-0080
Size
3,396 SF
Lot size
0.48 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BUENAVENTURA LAKES UNIT 1 PB 2 PG 110 113 BEG 451.21 FT S 33 DEG W OF NE COR LOT L FOR POB; S 33 DEG W 80 FT, WLY 200 FT, N 43 DEG E 139.73 FT, S 56 DEG E 149 FT TO POB AKA LOT 8 8/25/30
Tax Annual Amount
10301
Legal Description
BUENAVENTURA LAKES UNIT 1 PB 2 PG 110 113 BEG 451.21 FT S 33 DEG W OF NE COR LOT L FOR POB; S 33 DEG W 80 FT, WLY 200 FT, N 43 DEG E 139.73 FT, S 56 DEG E 149 FT TO POB AKA LOT 8 8/25/30
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1976
Number of units
4
Flooring type
Wood, Tile
Building materials
Block, Stucco, Frame
Roof type
Shingle
Listing Agency:
365 REALTY, INC.
(407) 944-1365
Listed By:
Vanessa Rivera Laboy · License #3309362
(407) 766-8093
Added: May 28
Changed: Aug 20
Last Checked: Aug 23 at 9:06PM
MLS# S5150785
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 3,396-square-foot quadplex contains four two-bedroom, two-bath units on a 0.48-acre parcel. The property is offered as-is and was built in 1976. Unit features include living room and dining room combinations, functional kitchens, ceiling fans, window treatments, balconies, and French doors. Appliances include ranges, cooktops, range hoods, refrigerators, disposals, and electric water heaters. Wood and tile flooring, central air, electric heating, shingle roofing, and block, stucco, and frame construction are also provided.
The property is located in Kissimmee near shopping, dining, schools, major highways, and Central Florida attractions. Lake Nona Medical City and Lake Nona Hospital are described as a short drive away. Public water and public sewer serve the property, which is zoned OPUD.
The property is located in Kissimmee near shopping, dining, schools, major highways, and Central Florida attractions. Lake Nona Medical City and Lake Nona Hospital are described as a short drive away. Public water and public sewer serve the property, which is zoned OPUD.
Key Highlights
- Four 2‑bedroom, 2‑bath units within a 3,396‑square‑foot quadplex
- 0.48‑acre parcel in Kissimmee, FL
- Two assigned parking spaces provided for each unit
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
$36,007
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
4.05%
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%
$720,140
$720.1K
Cap Rate 7%
$514,386
$514.4K
Cap Rate 9%
$400,078
$400.1K
Market Conditions
NOI Build-Up for 3,396 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
$55.0K $16.20/SF
− Vacancy
−$3.6K −$1.05/SF
EGI
$51.4K $15.15/SF
− OpEx
−$15.4K −$4.54/SF
NOI
$36.0K $10.60/SF
Area
Polk County, FL
Vacancy
6.50%
Lease Rate
$16.20 /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%
$720,140
Cap Rate 7%
$514,386
Cap Rate 9%
$400,078
Alternative Uses
Best Use
Multifamily LT 5
$514.4K
$450.1K – $600.1K
NOI $36,007 @ 7.0% cap · market cap 4.05%
Second Best
Apartment 5plus
$459.5K
$402.1K – $536.1K
NOI $32,167 @ 7.0% cap · market cap 3.61%
Theoretical Best
Office A
$816.1K
$714.1K – $952.1K
NOI $57,126 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
474
Businesses Nearby
Explore this area
Business Placement
Demographics for 34743, FL
38,454
Population
13,307
Households
2.9
Avg Household Size
39
Median Age
20%
College-Educated
85%
High-School Grad
6.9 sq mi
ZIP Area
5,573
Density / Sq Mi
$59,186
Median Household Income
$34,640
Median Earnings
$1,738
Median Rent
$277,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four matching two-bedroom residences support a straightforward multifamily layout.
Where is this quadplex located?
The property is located at 108 BOOTH Lane Kissimmee, FL.
What is the asking price?
The asking price for this property is $890,000.
What are key features of this property?
This property features: Four 2‑bedroom, 2‑bath units within a 3,396‑square‑foot quadplex; 0.48‑acre parcel in Kissimmee, FL; Two assigned parking spaces provided for each unit
