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Building Details

Year Built 1940

Buildings 1

Listing Agency: COMMERCIAL REAL ESTATE PROF IN

Listed By: Mark Allen · License #3246800 Show Phone

Source: Exitrealty

Added: Apr 3, 2025 Changed: Oct 4 Last Checked: Oct 14 at 8:37PM

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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 COMMERCIAL REAL ESTATE PROF IN

Investment Insights

Based on property information with market context.

This duplex, built in 1940, contains two residential units: one offers two bedrooms and one bathroom, while the other includes one bedroom and one bathroom. Both occupants are on month-to-month arrangements without written leases. The building has a newer roof installed approximately 2-years old.

The property is located at 130 E. Grant Street in Orlando, near Downtown Orlando. Its two-unit configuration and established residential layout provide a straightforward multifamily asset profile.

Key Highlights

• Two‑unit duplex near Downtown Orlando
• Unit mix includes one two‑bedroom, one‑bath unit and one one‑bedroom, one‑bath unit
• Both units have month‑to‑month occupancy without written leases

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$22,671

Cap Rate

5.33%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$453,420 $453.4K

Cap Rate 7%

$323,871 $323.9K

Cap Rate 9%

$251,900 $251.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,598 SF

Gross rent

$34.5K $21.60/SF

− Vacancy

−$2.1K −$1.33/SF

EGI

$32.4K $20.27/SF

− OpEx

−$9.7K −$6.08/SF

NOI

$22.7K $14.19/SF

Area

Orlando, FL

Vacancy

6.17%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$453,420

Cap Rate 7%

$323,871

Cap Rate 9%

$251,900

Alternative Uses

Best Use

Multifamily LT 5

$323.9K

$283.4K – $377.9K (±1% cap)

NOI $22,671 @ 7.0% cap · market cap 5.33%

Second Best

Apartment 5plus

$295.8K

$258.9K – $345.2K (±1% cap)

NOI $20,709 @ 7.0% cap · market cap 4.87%

Theoretical Best

Office A

$514.8K

$450.4K – $600.6K (±1% cap)

NOI $36,034 @ 7.0% cap · market cap 8.48%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Daycare Center (Bike/Boat/Book/etc) Store Veterinary Clinic Butcher Carpet & Flooring Store Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

3,095

Businesses Nearby

Explore this area Business Placement

Demographics for 32806, FL

26,582

Population

12,529

Households

2.1

Avg Household Size

40

Median Age

55%

College-Educated

95%

High-School Grad

6.8 sq mi

ZIP Area

3,909

Density / Sq Mi

$86,653

Median Household Income

$54,012

Median Earnings

$1,500

Median Rent

$415,800

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two-unit residential property near Downtown Orlando, with month-to-month occupancy and a two-bedroom, one-bedroom unit mix.

Where is this duplex located?

The property is located at 130 E GRANT STREET 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: Two‑unit duplex near Downtown Orlando; Unit mix includes one two‑bedroom, one‑bath unit and one one‑bedroom, one‑bath unit; Both units have month‑to‑month occupancy without written leases