Two-Unit Duplex with Updated
New
For Sale
$425,000
1112 OCEAN STREET, Kissimmee, FL 34744
Both residences are occupied by tenants with more than five years of tenancy who would like to remain.
Property Size1,800 SF
Price / SF$236.11
Days on Market3
Property Features for 1112 OCEAN STREET
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Duplex
Occupancy
100%
Additional Details
Multifamily Units
2
Amenities
0.17 acres
Shingle
Public Sewer
Additional parcels description:, Parcel Number: 15-25-29-1570-0001-0870, Public Survey Range: 29, Public Survey Section: 15, Annual Amount: $5,741, Tax Block: 1, Tax Book Number: 1-040, Legal Description: KISSIMMEE HEIGHTS PB 1 PG 040 LOT 87 SUBJ TO ESMTS OF RECORD, Lot: 87, Year: 2025, Zoning: KRA2
Gross Income: $37,200
Central Air
Central
Inside
Listing ID: MFRS5158679, Standard Status: Active, MLS Status: Active, Property Subtype: Duplex, On market as of 2026-10-01, 1 day on market, Special Conditions: None
1 carport space
6 total bedrooms
Built in 1985, Living area: 1800, Living area units: Square Feet, Construction Materials: Block, Stone
Subdivision: KISSIMMEE HEIGHTS, MLS Area (Major): 34744 - Kissimmee, County/Parish: Osceola
4 total bathrooms
Cable Available, Electricity Available, Public, Sewer Available, Water Source: Public
Slab
Road Surface: Paved
Fence, Lighting
Open Floorplan
Building Details
Year Built
1985
Listing Agency:
MAGICMIND REALTY LLC
(407) 399-7486
Listed By:
Huafeng Fang · License #3253760
Source:
Miharaandassociates
Added: Oct 1
Changed: Oct 3
Last Checked: Oct 2 at 9:12PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MAGICMIND REALTY LLC
Investment Insights
Based on property information with market context.
This 1,800-square-foot duplex was built in 1985 and has a roof installed in 2024. The interiors feature ceramic tile flooring, and a garage conversion added a third bedroom. The property is arranged as two-bedroom, two-bath accommodations; the source information does not specify whether those figures apply to each unit or the property overall.
Both units are occupied, and the tenants have lived there for more than five years and would like to stay. The property is not subject to an HOA.
Both units are occupied, and the tenants have lived there for more than five years and would like to stay. The property is not subject to an HOA.
Key Highlights
- Two‑unit duplex totaling 1,800 square feet
- Roof installed in 2024
- Built in 1985
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
$24,008
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
5.65%
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%
$480,160
$480.2K
Cap Rate 7%
$342,971
$343.0K
Cap Rate 9%
$266,756
$266.8K
Market Conditions
NOI Build-Up for 1,800 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
$36.7K $20.40/SF
− Vacancy
−$2.4K −$1.35/SF
EGI
$34.3K $19.05/SF
− OpEx
−$10.3K −$5.72/SF
NOI
$24.0K $13.34/SF
Area
Osceola 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 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%
$480,160
Cap Rate 7%
$342,971
Cap Rate 9%
$266,756
Alternative Uses
Best Use
Multifamily LT 5
$343.0K
$300.1K – $400.1K
NOI $24,008 @ 7.0% cap · market cap 5.65%
Second Best
Apartment 5plus
$315.8K
$276.3K – $368.4K
NOI $22,105 @ 7.0% cap · market cap 5.20%
Theoretical Best
Specialty Retail
$556.6K
$487.0K – $649.4K
NOI $38,961 @ 7.0% cap · market cap 9.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,372
Businesses Nearby
Explore this area
Business Placement
Demographics for 34744, FL
59,232
Population
22,800
Households
2.6
Avg Household Size
38
Median Age
26%
College-Educated
87%
High-School Grad
33.3 sq mi
ZIP Area
1,779
Density / Sq Mi
$69,837
Median Household Income
$35,174
Median Earnings
$1,426
Median Rent
$326,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences are occupied by tenants with more than five years of tenancy who would like to remain.
Where is this duplex located?
The property is located at 1112 OCEAN STREET Kissimmee, FL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,800 square feet; Roof installed in 2024; Built in 1985
