Back to Search

Historic Eola Heights Triplex

618 CATHCART AVENUE Orlando, FL 32803

618 CATHCART AVENUE, Orlando, FL, 32803

$929,000

For Sale

$929,000

Triplex in Historic Eola Heights with long-term tenants.

Property Size3,117 SF

Lot Size0.28 Acres

Price / SF$298.04

AddedJan 10, 2025

Days on Market552

Last RefreshJul 16 at 4:52 am

Property Features for 618 CATHCART AVENUE

General Information

Standard status: Active
Size: 3,117 SF
Lot size: 0.28 Acres
Property subtype: Multi Family

Building Details

Year Built: 1937

Listing office COLDWELL BANKER RESIDENTIAL RE

Listing date Jan 10, 2025

Source Exitrealty

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 COLDWELL BANKER RESIDENTIAL RE

Investment Insights

Based on property information with market context.

This triplex, situated in Historic Eola Heights, features a main home with two bedrooms and one bath, updated throughout with a designer kitchen and new windows, and a large screened-in patio. The main home is occupied by a long-term tenant. In the rear of the property is a historic duplex, rumored to have once been a firehouse. The downstairs unit has large rooms with hardwood floors, a designer kitchen, new windows, and a large screened porch. The upstairs unit also features large rooms, a designer kitchen, and new windows, with vaulted ceilings, wooden beams, and a wall of windows in the main living area. The property is priced for a quick sale. The property size is 3117 square feet.

Key Highlights

Triplex in Historic Eola Heights offers multiple income streams.
Main house features 2 bedrooms, 1 bath, updated designer kitchen and new windows.
Historic duplex with designer kitchens and new windows in both units.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$67.3k	$21.60
− Vacancy	−$4.2k	−$1.33
EGI	$63.2k	$20.27
− OpEx	−$19.0k	−$6.08
NOI	$44.2k	$14.19

3,117 SF · lease $21.60/SF/yr · vacancy 6.17% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$631.7K

$552.8K – $737.0K (±1% cap)

NOI $44,221 @ 7.0% cap · market cap 4.76%

Second Best

Apartment 5plus

$577.1K

$504.9K – $673.2K (±1% cap)

NOI $40,394 @ 7.0% cap · market cap 4.35%

Theoretical Best

Office A

$1.00M

$878.6K – $1.17M (±1% cap)

NOI $70,287 @ 7.0% cap · market cap 7.57%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Similar For Sale Nearby

$2,750,000

6,706 SF

Colonial-Style Medical Office Building

Colonial-style medical office with multiple reception areas, seven offices, conference room, kitchen, and 80’ frontage on Mills Ave.

326 N MILLS AVENUE, ORLANDO, FL 32803

View Details
$3,250,000

12,885 SF

Orlando Retail Investment Opportunity

Freestanding retail building in historic Washington Shores neighborhood.

3625 COLUMBIA STREET, ORLANDO, FL 32805

View Details
$509,940

2,833 SF

Turn-Key 12th-Floor Office Suite

Turn-key office suite on the 12th floor with a private balcony and professional furniture included.

121 S ORANGE AVENUE, ORLANDO, FL 32801

View Details
$4,200,000

14,614 SF

Orlando Industrial Warehouse Space

Corner lot warehouse with frontage and potential barber shop.

2698 S ORANGE BLOSSOM TRAIL, ORLANDO, FL 32805

View Details
$1,850,000

693 SF

Orlando Warehouse with Office Space

Versatile commercial warehouse with office, ideal for rental.

560 BARRY STREET, ORLANDO, FL 32808

View Details
$795,000

3,715 SF

Retail Strip with Road Frontage

Two existing commercial buildings on a 10+ acre site with two curb cuts and about 170 feet of frontage along Old Winter Garden Road.

5220 OLD WINTER GARDEN ROAD, ORLANDO, FL 32811

View Details
$950,000

8,276 SF

Two-Building Industrial Warehouse Complex

Fully fenced industrial complex with outdoor storage and grade-level loading doors, suited for owner-users or mixed-tenant use.

4120 ROUSH AVENUE, ORLANDO, FL 32803

View Details
$2,500,000

3,996 SF

Mechanic Shop/Retail Property in Orlando

Well-located mechanic shop/retail property with established automotive infrastructure.

4070 S GOLDENROD ROAD, ORLANDO, FL 32822

View Details
$1,850,000

3,280 SF

Downtown Orlando Freestanding Office Building

Move-in ready office building with private parking in downtown Orlando.

127 N MAGNOLIA AVENUE, ORLANDO, FL 32801

View Details
$7,700,000

36,268 SF

Class A Orlando Office Building

Environmentally conscious 36,268 sqft office building for sale.

429 S KELLER ROAD, ORLANDO, FL 32810

View Details
$1,100,000

4,158 SF

Flex Office/Warehouse Condominium

Well-maintained flex unit with office, warehouse, mezzanine storage, and dock-high loading for efficient operations.

6881 KINGSPOINTE PARKWAY, ORLANDO, FL 32819

View Details
$1,700,000

2,406 SF

Renovated Mixed-Use Investment Opportunity

Tenant-occupied mixed-use property with new renovations and high traffic exposure.

5047 W COLONIAL DRIVE, ORLANDO, FL 32808

View Details

For sale
Triplexes
FL
Orlando
32803
618 CATHCART AVENUE

What type of property is this?

Triplex - Triplex in Historic Eola Heights with long-term tenants.

Where is this triplex located?

The property is located at 618 CATHCART AVENUE Orlando, FL.

What is the asking price?

The asking price for this property is $929,000.

What are key features of this property?

This property features: Triplex in Historic Eola Heights offers multiple income streams.; Main house features 2 bedrooms, 1 bath, updated designer kitchen and new windows.; Historic duplex with designer kitchens and new windows in both units.