Two-Unit Duplex with
For Sale
$249,000
1113 S Lee Ave, Orlando, FL 32805
Separately metered units include a two-bedroom layout and a one-bedroom layout.
Property Size1,438 SF
Price / SF$173.16
Days on Market88
Property Features for 1113 S Lee Ave
General Information
Standard status
Active
Size
1,438 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
cosmetic updates
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Amenities
laundry room
Building Details
Year Built
1959
Buildings
1
Construction
block
Tenancy
Multi
Listing Agency:
MAINFRAME REAL ESTATE
Listed By:
Rob Gaudreau · License #3056853
(407) 579-2737
Source:
Globalsapphirerealty
Added: Jul 27
Changed: Oct 14
Last Checked: Oct 21 at 2:28AM
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 MAINFRAME REAL ESTATE
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Investment Insights
Based on property information with market context.
This Orlando duplex contains two separately metered residences: a front apartment with two bedrooms and one bathroom, plus a rear apartment with one bedroom and one bathroom. The property includes terrazzo flooring, a detached laundry room with washer and dryer hookups, and a two-car carport. The roof was replaced approximately five years ago.
Both units are occupied by long-term tenants, providing an established rental arrangement. The property has no HOA and is located near Downtown Orlando, major highways, shopping, dining, schools, public transportation, and employment centers. The address is 1113 S Lee Ave, Orlando, FL 32805.
Both units are occupied by long-term tenants, providing an established rental arrangement. The property has no HOA and is located near Downtown Orlando, major highways, shopping, dining, schools, public transportation, and employment centers. The address is 1113 S Lee Ave, Orlando, FL 32805.
Key Highlights
- Two separately metered units with 2‑bedroom and 1‑bedroom layouts
- Front unit has 2 bedrooms and 1 bathroom; rear unit has 1 bedroom and 1 bathroom
- Occupied by long‑term tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,401
Cap Rate
8.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$408,020
$408.0K
Cap Rate 7%
$291,443
$291.4K
Cap Rate 9%
$226,678
$226.7K
Market Conditions
NOI Build-Up for 1,438 SF
Gross rent
$31.1K $21.60/SF
− Vacancy
−$1.9K −$1.33/SF
EGI
$29.1K $20.27/SF
− OpEx
−$8.7K −$6.08/SF
NOI
$20.4K $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 Rate 5%
$408,020
Cap Rate 7%
$291,443
Cap Rate 9%
$226,678
Alternative Uses
Best Use
Multifamily LT 5
$291.4K
$255.0K – $340.0K
NOI $20,401 @ 7.0% cap · market cap 8.19%
Second Best
Apartment 5plus
$266.2K
$232.9K – $310.6K
NOI $18,635 @ 7.0% cap · market cap 7.48%
Theoretical Best
Office A
$463.2K
$405.3K – $540.4K
NOI $32,426 @ 7.0% cap · market cap 13.02%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,543
Businesses Nearby
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Business Placement
Demographics for 32805, FL
23,331
Population
9,332
Households
2.5
Avg Household Size
39
Median Age
16%
College-Educated
78%
High-School Grad
6.8 sq mi
ZIP Area
3,431
Density / Sq Mi
$39,425
Median Household Income
$29,592
Median Earnings
$1,112
Median Rent
$226,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Separately metered units include a two-bedroom layout and a one-bedroom layout.
Where is this duplex located?
The property is located at 1113 S Lee Ave Orlando, FL.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Two separately metered units with 2‑bedroom and 1‑bedroom layouts; Front unit has 2 bedrooms and 1 bathroom; rear unit has 1 bedroom and 1 bathroom; Occupied by long‑term tenants
