Downtown Quadruplex with Separate
821 HILLCREST STREET Orlando, FL 32803
For Sale
$775,000
Pending
Well-maintained quadplex on a large corner lot with updated interiors, separate entrances, and individually metered units.
Property Size2,719 SF
Days on Market463
Property Features for 821 HILLCREST STREET
General Information
- Standard status
- Pending
- Size
- 2,719 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1940
Listing Agency:
COLONIALTOWN REALTY
(407) 896-7300
Listed By:
Valerie Kennedy · License #509029
(407) 896-7300
Source:
Exitrealty
Added: Apr 17, 2025
Changed: Jul 23
Last Checked: Jul 23 at 8:17AM
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 COLONIALTOWN REALTY
Investment Insights
Based on property information with market context.
This well-maintained downtown Orlando quadplex is situated on a large corner lot. The configuration includes three units in the main house and an apartment over an oversized two-car garage. Interiors feature wood floors, wide slat blinds, updated windows, and updated kitchens and baths.
All units are separately metered, and each unit has its own washer and dryer. The property includes a newer roof installed in 2014, updated hot water heaters, and an oversized garage measuring 16 by 20 that provides additional storage. Each unit also has a separate outside entrance, along with a shaded patio area for tenant use. The owner pays water, approximately $50 per month, and all long-term tenants are on month-to-month leases.
In addition to the residential layout, the property offers practical functionality through dedicated laundry amenities per unit and the added storage benefit of the oversized garage.
All units are separately metered, and each unit has its own washer and dryer. The property includes a newer roof installed in 2014, updated hot water heaters, and an oversized garage measuring 16 by 20 that provides additional storage. Each unit also has a separate outside entrance, along with a shaded patio area for tenant use. The owner pays water, approximately $50 per month, and all long-term tenants are on month-to-month leases.
In addition to the residential layout, the property offers practical functionality through dedicated laundry amenities per unit and the added storage benefit of the oversized garage.
Key Highlights
- 1940‑built downtown Orlando quadplex on a large corner lot with 2‑car oversized garage (16 x 20)
- Layout includes 3 units in the main house plus an apartment over the oversized 2‑car garage
- Individually metered units; each unit has its own washer and dryer and separate outside entrance
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 | $58.7k | $21.60 |
| − Vacancy | −$3.6k | −$1.33 |
| EGI | $55.1k | $20.27 |
| − OpEx | −$16.5k | −$6.08 |
| NOI | $38.6k | $14.19 |
2,719 SF · lease $21.60/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$551.1K
$482.2K – $642.9K
NOI $38,575 @ 7.0% cap · market cap 4.98%
Second Best
Apartment 5plus
$503.4K
$440.5K – $587.3K
NOI $35,236 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$875.9K
$766.4K – $1.02M
NOI $61,312 @ 7.0% cap · market cap 7.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Well-maintained quadplex on a large corner lot with updated interiors, separate entrances, and individually metered units.
Where is this quadplex located?
The property is located at 821 HILLCREST STREET Orlando, FL.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: 1940‑built downtown Orlando quadplex on a large corner lot with 2‑car oversized garage (16 x 20); Layout includes 3 units in the main house plus an apartment over the oversized 2‑car garage; Individually metered units; each unit has its own washer and dryer and separate outside entrance
