Two-Unit Duplex
New
For Sale
$349,000
1319 TOPFIELD COURT, Apopka, FL 32703
Two-unit residential property with functional layouts and access to shopping, dining, and major roadways.
Property Size1,644 SF
Price / SF$212.29
Days on Market6
Property Features for 1319 TOPFIELD COURT
General Information
Standard status
Active
Size
1,644 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Building Details
Year Built
1989
Listing Agency:
FLORIDA REALTY INVESTMENTS
(407) 207-2220
Listed By:
Ryan Langley · License #681367
Source:
Dennisrealty
Added: Aug 7
Changed: Aug 11
Last Checked: Aug 11 at 5:06AM
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 FLORIDA REALTY INVESTMENTS
Investment Insights
Based on property information with market context.
This duplex at 1319 Topfield Court in Apopka, Florida, contains two residential units totaling 1,644 square feet. The property includes four bedrooms and four bathrooms overall, with each unit arranged as a separate living space. Built in 1989, the building offers a straightforward two-unit configuration for residential ownership or rental use.
The property is positioned near major roadways, shopping, dining, and local amenities. Its location in Apopka provides access to surrounding services while maintaining a residential setting. The four-bedroom, four-bathroom layout supports a clearly defined duplex format with two units under one ownership.
The property is positioned near major roadways, shopping, dining, and local amenities. Its location in Apopka provides access to surrounding services while maintaining a residential setting. The four-bedroom, four-bathroom layout supports a clearly defined duplex format with two units under one ownership.
Key Highlights
- Two‑unit duplex configuration
- 1,644 square feet total
- Four bedrooms and four bathrooms overall
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,927
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.28%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$438,540
$438.5K
Cap Rate 7%
$313,243
$313.2K
Cap Rate 9%
$243,633
$243.6K
Market Conditions
NOI Build-Up for 1,644 SF
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.
Gross rent
$33.5K $20.40/SF
− Vacancy
−$2.2K −$1.35/SF
EGI
$31.3K $19.05/SF
− OpEx
−$9.4K −$5.72/SF
NOI
$21.9K $13.34/SF
Area
Orange 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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$438,540
Cap Rate 7%
$313,243
Cap Rate 9%
$243,633
Alternative Uses
Best Use
Multifamily LT 5
$313.2K
$274.1K – $365.5K
NOI $21,927 @ 7.0% cap · market cap 6.28%
Second Best
Apartment 5plus
$288.4K
$252.4K – $336.5K
NOI $20,189 @ 7.0% cap · market cap 5.78%
Theoretical Best
Office A
$467.8K
$409.4K – $545.8K
NOI $32,748 @ 7.0% cap · market cap 9.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
455
Businesses Nearby
Explore this area
Business Placement
Demographics for 32703, FL
54,805
Population
22,033
Households
2.5
Avg Household Size
37
Median Age
29%
College-Educated
87%
High-School Grad
32.1 sq mi
ZIP Area
1,707
Density / Sq Mi
$70,338
Median Household Income
$42,031
Median Earnings
$1,579
Median Rent
$314,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with functional layouts and access to shopping, dining, and major roadways.
Where is this duplex located?
The property is located at 1319 TOPFIELD COURT Apopka, FL.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Two‑unit duplex configuration; 1,644 square feet total; Four bedrooms and four bathrooms overall
