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Orlando Duplex Investment Opportunity

5793 OLEANDER DRIVE Orlando, FL 32807

5793 OLEANDER DRIVE, Orlando, FL, 32807

$425,000

For Sale

$425,000

Duplex with income potential near Orlando's key locations.

Property Size1,800 SF

Price / SF$236.11

AddedApr 2, 2025

Days on Market471

Last RefreshJul 15 at 12:31 am

Property Features for 5793 OLEANDER DRIVE

General Information

Standard status: Active
Size: 1,800 SF
Property subtype: Multi Family

Building Details

Year Built: 1973

Listing office FLORIDA REALTY MARKETPLACE

Listing date Apr 2, 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 FLORIDA REALTY MARKETPLACE

Investment Insights

Based on property information with market context.

This duplex presents an investment opportunity with no HOA fees. It offers convenient access to East Colonial Drive (FL-50) and FL-436. The property features two units: one with 3 bedrooms and 2 bathrooms, and another with 2 bedrooms and 1 bathroom. Each unit includes a large backyard and dedicated driveway parking. Both units are currently occupied, generating a combined monthly income of $3,455. The property is located approximately 10 miles from Orlando International Airport, about 5 miles from downtown Orlando and Lake Eola, about 6 miles from Orlando Health Arnold Palmer Hospital and Regional Medical Center, and just 2 miles from Baldwin Park. The property size is 1800 square feet.

Key Highlights

High Income Potential: Generates $3,455 in combined monthly rental income.
No HOA Fees: Reduces ownership costs and increases profitability.
Duplex Structure: Features two separate units (3/2 and 2/1) for diversified income.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$38.9k	$21.60
− Vacancy	−$2.4k	−$1.33
EGI	$36.5k	$20.27
− OpEx	−$10.9k	−$6.08
NOI	$25.5k	$14.19

1,800 SF · lease $21.60/SF/yr · vacancy 6.17% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$364.8K

$319.2K – $425.6K (±1% cap)

NOI $25,537 @ 7.0% cap · market cap 6.01%

Second Best

Apartment 5plus

$333.2K

$291.6K – $388.8K (±1% cap)

NOI $23,326 @ 7.0% cap · market cap 5.49%

Theoretical Best

Office A

$579.8K

$507.4K – $676.5K (±1% cap)

NOI $40,589 @ 7.0% cap · market cap 9.55%

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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Suggested Use

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For sale
Duplexes
FL
Orlando
32807
5793 OLEANDER DRIVE

What type of property is this?

Duplex - Duplex with income potential near Orlando's key locations.

Where is this duplex located?

The property is located at 5793 OLEANDER DRIVE Orlando, 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: High Income Potential: Generates $3,455 in combined monthly rental income.; No HOA Fees: Reduces ownership costs and increases profitability.; Duplex Structure: Features two separate units (3/2 and 2/1) for diversified income.