Orlando Duplex Investment
200 & 200 1/2 HIBISCUS COURT Orlando, FL 32801
200 & 200 1/2 HIBISCUS COURT, Orlando, FL, 32801
$399,900
For Sale
$399,900
Duplex in Historic Lake Eola District, Orlando. Vacant and gutted.
Property Size1,144 SF
Price / SF$349.56
Days on Market511
Property Features for 200 & 200 1/2 HIBISCUS COURT
General Information
- Standard status
- Active
- Size
- 1,144 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1930
Listing agency
LPT REALTY, LLC
(321) 821-8446
Listed by
Andres Ospina Rivera · License #3293879
(321) 821-8446
Source
Exitrealty
Added: Feb 27, 2025 Updated: Jul 10 at 3:55PM Checked: Jul 22 at 6:31AM
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 LPT REALTY, LLC
Investment Insights
Based on property information with market context.
Located in the Historic Lake Eola District of downtown Orlando, this duplex presents an investment opportunity. The property is situated steps from Lake Eola, offering access to parks and green spaces. The real estate includes two separate units, one on the lower level and one on the upper level, each featuring 1 bedroom and 1 bathroom. The property is currently vacant and gutted, with a stop work order issued. The owner is in the process of pulling permits and awaiting city approval. Plans are included with the purchase, if desired. The property has potential for generating income through long-term rentals or Airbnb, subject to obtaining the proper permits. An alternative strategy involves converting the duplex into a single-family home. The property size is 1144 square feet.
Key Highlights
- Prime location in the Historic Lake Eola District, downtown Orlando
- Duplex featuring two separate 1‑bedroom, 1‑bathroom units
- High‑return investment potential through rentals or conversion to a single‑family home
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.7k | $21.60 |
| − Vacancy | −$1.5k | −$1.33 |
| EGI | $23.2k | $20.27 |
| − OpEx | −$7.0k | −$6.08 |
| NOI | $16.2k | $14.19 |
1,144 SF · lease $21.60/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$231.9K
$202.9K – $270.5K
NOI $16,230 @ 7.0% cap · market cap 4.06%
Second Best
Apartment 5plus
$211.8K
$185.3K – $247.1K
NOI $14,825 @ 7.0% cap · market cap 3.71%
Theoretical Best
Office A
$368.5K
$322.5K – $430.0K
NOI $25,797 @ 7.0% cap · market cap 6.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Duplex in Historic Lake Eola District, Orlando. Vacant and gutted.
Where is this duplex located?
The property is located at 200 & 200 1/2 HIBISCUS COURT Orlando, FL.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Prime location in the Historic Lake Eola District, downtown Orlando; Duplex featuring two separate 1‑bedroom, 1‑bathroom units; High‑return investment potential through rentals or conversion to a single‑family home
