Updated Duplex with Two
For Sale
$349,900
2508 Yale Ave, Sanford, FL 32773
Updated interiors, stainless steel appliances, and a tenant-occupied unit support flexible duplex use.
Property Size1,592 SF
Price / SF$219.79
Days on Market69
Property Features for 2508 Yale Ave
General Information
Standard status
Active
Size
1,592 SF
Property subtype
Multi-Family
Additional Details
Gross Income
$36,300
Building Details
Year Built
1930
Stories
2
Tenancy
Multi
Listing Agency:
Adams, Cameron & Co., Realtors
Listed By:
Ron Wysocarski
(386) 871-7697
Source:
Ronsellsthebeach
Added: Aug 2
Changed: Sep 8
Last Checked: Oct 7 at 12:46PM
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 Adams, Cameron & Co., Realtors
Investment Insights
Based on property information with market context.
This 2,096-square-foot duplex, built in 1930, contains two separate residences with complementary configurations. The lower unit offers 2 bedrooms and 2 baths and is currently occupied, while the upper 2-bedroom, 1-bath unit is vacant and ready for occupancy. Interior improvements include contemporary flooring, refreshed bathrooms, stainless steel kitchen appliances, neutral finishes, and bright open living areas.
The property is located at 2508 Yale Avenue in Sanford, near downtown, shopping, dining, major highways, Sanford-Orlando Airport, and the waterfront. A large lot with mature trees and a front porch adds outdoor character, and the property is situated outside a flood zone. The layout supports a range of ownership arrangements, including occupying one residence while leasing the other or maintaining both as rental units.
The property is located at 2508 Yale Avenue in Sanford, near downtown, shopping, dining, major highways, Sanford-Orlando Airport, and the waterfront. A large lot with mature trees and a front porch adds outdoor character, and the property is situated outside a flood zone. The layout supports a range of ownership arrangements, including occupying one residence while leasing the other or maintaining both as rental units.
Key Highlights
- 2,096‑square‑foot duplex with two separate residential units
- Lower unit includes 2 bedrooms and 2 baths and is currently tenant occupied
- Upper unit offers 2 bedrooms and 1 bath and is vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,233
Cap Rate
6.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$424,660
$424.7K
Cap Rate 7%
$303,329
$303.3K
Cap Rate 9%
$235,922
$235.9K
Market Conditions
NOI Build-Up for 1,592 SF
Gross rent
$32.5K $20.40/SF
− Vacancy
−$2.1K −$1.35/SF
EGI
$30.3K $19.05/SF
− OpEx
−$9.1K −$5.72/SF
NOI
$21.2K $13.34/SF
Area
Seminole County, FL
Vacancy
6.60%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$424,660
Cap Rate 7%
$303,329
Cap Rate 9%
$235,922
Alternative Uses
Best Use
Multifamily LT 5
$303.3K
$265.4K – $353.9K
NOI $21,233 @ 7.0% cap · market cap 6.07%
Second Best
Apartment 5plus
$279.3K
$244.4K – $325.8K
NOI $19,550 @ 7.0% cap · market cap 5.59%
Theoretical Best
Office A
$453.0K
$396.4K – $528.6K
NOI $31,713 @ 7.0% cap · market cap 9.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
312
Businesses Nearby
Explore this area
Business Placement
Demographics for 32773, FL
33,990
Population
13,402
Households
2.5
Avg Household Size
36
Median Age
24%
College-Educated
88%
High-School Grad
27.6 sq mi
ZIP Area
1,232
Density / Sq Mi
$63,496
Median Household Income
$40,479
Median Earnings
$1,482
Median Rent
$259,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Updated interiors, stainless steel appliances, and a tenant-occupied unit support flexible duplex use.
Where is this duplex located?
The property is located at 2508 Yale Ave Sanford, FL.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 2,096‑square‑foot duplex with two separate residential units; Lower unit includes 2 bedrooms and 2 baths and is currently tenant occupied; Upper unit offers 2 bedrooms and 1 bath and is vacant
