Duplex with Private Fenced
407 E JERSEY STREET Orlando, FL 32806
407 E JERSEY STREET, Orlando, FL, 32806
$500,000
For Sale
$500,000
Renovated, turnkey 2/1 and 1/1 with furnished setup, private entries, and rear decks/patio over a fenced yard.
Property Size1,562 SF
Price / SF$320.10
Days on Market489
Property Features for 407 E JERSEY STREET
General Information
- Standard status
- Active
- Size
- 1,562 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1937
Listing agency
COLDWELL BANKER REALTY
(407) 538-9216
Listed by
Carmen Henderson · License #537794
(407) 538-9216
Source
Exitrealty
Added: Mar 22, 2025 Updated: Jul 22 at 11:44PM Checked: Jul 22 at 11:44PM
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 REALTY
Investment Insights
Based on property information with market context.
Located at 407 E Jersey Street in Orlando, this renovated duplex offers a flexible layout with a furnished 2 bedroom, 1 bath configuration and a separate furnished 1 bedroom, 1 bath apartment/in-law suite. The 2/1 and 1/1 each feature a rear deck or patio overlooking a spacious, private fenced yard. The home is described as professionally renovated and turnkey, with décor included, and the 2/1 is presented with an open floor plan and the ability to add a second bath if desired. The City of Orlando allows an accessory dwelling unit (ADU) up to 500 square feet, and the property is also described as convertible to a larger single-family home.
The property is tucked away off Delaney Avenue and is within walking distance to Wadeview Park. The remarks state Wadeview Park offers extensive amenities including an olympic-sized pool, BBQ grills, playground, picnic tables, pavilions, exercise station, and walking trail, and the neighborhood is described as walkable. ORMC is noted as one mile away, and Downtown Orlando and Lake Eola are within 2 miles, with Delaney Street renovation underway including new brick pavers.
The property is tucked away off Delaney Avenue and is within walking distance to Wadeview Park. The remarks state Wadeview Park offers extensive amenities including an olympic-sized pool, BBQ grills, playground, picnic tables, pavilions, exercise station, and walking trail, and the neighborhood is described as walkable. ORMC is noted as one mile away, and Downtown Orlando and Lake Eola are within 2 miles, with Delaney Street renovation underway including new brick pavers.
Key Highlights
- 1937‑built home professionally renovated to a 2 bed, 1 bath plus a 1 bed, 1 bath in‑law/apartment setup
- Includes two rear deck/patio areas, each overlooking a spacious fenced yard
- Both units come fully furnished and decorated for immediate use
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 | $33.7k | $21.60 |
| − Vacancy | −$2.1k | −$1.33 |
| EGI | $31.7k | $20.27 |
| − OpEx | −$9.5k | −$6.08 |
| NOI | $22.2k | $14.19 |
1,562 SF · lease $21.60/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$316.6K
$277.0K – $369.3K
NOI $22,160 @ 7.0% cap · market cap 4.43%
Second Best
Apartment 5plus
$289.2K
$253.0K – $337.4K
NOI $20,242 @ 7.0% cap · market cap 4.05%
Theoretical Best
Office A
$503.2K
$440.3K – $587.0K
NOI $35,222 @ 7.0% cap · market cap 7.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Renovated, turnkey 2/1 and 1/1 with furnished setup, private entries, and rear decks/patio over a fenced yard.
Where is this duplex located?
The property is located at 407 E JERSEY STREET Orlando, FL.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 1937‑built home professionally renovated to a 2 bed, 1 bath plus a 1 bed, 1 bath in‑law/apartment setup; Includes two rear deck/patio areas, each overlooking a spacious fenced yard; Both units come fully furnished and decorated for immediate use
