385 HARMONY WAY Oviedo, FL 32765
Duplex in Oviedo with development potential on 1.33 acres.
Property Features for 385 HARMONY WAY
General Information
- Standard status
- Active
- Size
- 2,400 SF
- Lot size
- 1.33 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1985
Listing office EXP REALTY LLC (407) 506-7447
Listing date Apr 9, 2025
Source Exitrealty
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Investment Insights
Based on property information with market context.
Key Highlights
- 1.33 acres zoned R‑P (Residential‑Professional) allowing for diverse usage.
- Duplex with potential to add two more duplexes.
- Each unit is a 3/2 with 1200 square feet.
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 | $49.0k | $20.40 |
| − Vacancy | −$3.2k | −$1.35 |
| EGI | $45.7k | $19.05 |
| − OpEx | −$13.7k | −$5.72 |
| NOI | $32.0k | $13.34 |
