Duplex with Screened
For Sale
$335,000
117 SHADY OAK Lane, Oviedo, FL 32765
MULTI_FAMILY - OVIEDO, FL
Property Size1,470 SF
Lot Size0.14 Acres
Price / SF$227.89
Days on Market11
Property Features for 117 SHADY OAK Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-2
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 1
Interior features
Ceiling Fans(s)
Appliances
Dishwasher, Range, Refrigerator
Subdivision
OAK HILL VILLAS PH 1 REP
Directions
From Oviedo High School head west on Broadway, 2nd right to Shady Oak
Standard status
Active
APN
09-21-31-508-0000-0140
Size
1,470 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
S 1/2 OF LOT 14 OAK HILL VILLAS PH 1 REPLAT PB 30 PGS 72 & 73
Tax Annual Amount
4002
Legal Description
S 1/2 OF LOT 14 OAK HILL VILLAS PH 1 REPLAT PB 30 PGS 72 & 73
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
vaulted ceilings
light-filled living spaces
fresh neutral finishes
spacious living area
bonus room
stainless steel appliances
breakfast bar
screened porch
fully fenced backyard
Building Details
Year built
1989
Floors in Building
1
Flooring type
Tile - Ceramic, Laminate
Building materials
Block, Stucco
Roof type
Shingle
Listing Agency:
RE/MAX TOWN & COUNTRY REALTY · RE/MAX International
(407) 695-2066
Listed By:
Victoria Myers · License #3382402
(407) 401-3249
Added: Jul 30
Changed: Aug 7
Last Checked: Aug 9 at 12:06PM
MLS# O6429032
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 R-2 zoned duplex on a 0.14-acre lot offers a light-filled interior with vaulted ceilings and a spacious living area. The home includes a kitchen with generous cabinetry, stainless steel appliances, and a breakfast bar overlooking the main living spaces. A bonus room adds flexible space for a home office, playroom, fitness room, or additional living area. Ceiling fans, ceramic tile and laminate flooring, and central heating and central air help support comfortable day-to-day living. Outside, an oversized screened porch extends the home’s entertaining space, overlooking a fully fenced backyard.
Built in 1989 with block and stucco construction and a shingle roof, the property is served by public water and a septic tank. It is positioned within walking distance of Oviedo High School, Friendship Park, and the Oviedo Farmers Market in historic downtown Oviedo, with quick access to UCF, Research Park, shopping, dining, Seminole County trails, and major commuter routes.
Built in 1989 with block and stucco construction and a shingle roof, the property is served by public water and a septic tank. It is positioned within walking distance of Oviedo High School, Friendship Park, and the Oviedo Farmers Market in historic downtown Oviedo, with quick access to UCF, Research Park, shopping, dining, Seminole County trails, and major commuter routes.
Key Highlights
- 0.14‑acre lot with a fully fenced backyard
- Over‑sized screened porch overlooking the backyard
- Vaulted ceilings and a spacious living area plus a bonus room
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
$19,606
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
5.85%
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%
$392,120
$392.1K
Cap Rate 7%
$280,086
$280.1K
Cap Rate 9%
$217,844
$217.8K
Market Conditions
NOI Build-Up for 1,470 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
$30.0K $20.40/SF
− Vacancy
−$2.0K −$1.35/SF
EGI
$28.0K $19.05/SF
− OpEx
−$8.4K −$5.72/SF
NOI
$19.6K $13.34/SF
Area
Seminole 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%
$392,120
Cap Rate 7%
$280,086
Cap Rate 9%
$217,844
Alternative Uses
Best Use
Multifamily LT 5
$280.1K
$245.1K – $326.8K
NOI $19,606 @ 7.0% cap · market cap 5.85%
Second Best
Apartment 5plus
$257.9K
$225.7K – $300.9K
NOI $18,052 @ 7.0% cap · market cap 5.39%
Theoretical Best
Office A
$418.3K
$366.0K – $488.0K
NOI $29,282 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
815
Businesses Nearby
Explore this area
Business Placement
Demographics for 32765, FL
65,228
Population
23,389
Households
2.8
Avg Household Size
36
Median Age
53%
College-Educated
96%
High-School Grad
39.0 sq mi
ZIP Area
1,673
Density / Sq Mi
$99,161
Median Household Income
$48,595
Median Earnings
$1,870
Median Rent
$418,600
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 - R-2 zoned duplex featuring vaulted ceilings, a screened outdoor area, and a fully fenced backyard.
Where is this duplex located?
The property is located at 117 SHADY OAK Lane Oviedo, FL.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: 0.14‑acre lot with a fully fenced backyard; Over‑sized screened porch overlooking the backyard; Vaulted ceilings and a spacious living area plus a bonus room
