Duplex with Central
New
For Sale
$349,000
1319 TOPFIELD Court, Apopka, FL 32703
MULTI_FAMILY - APOPKA, FL
Property Size1,644 SF
Lot Size0.24 Acres
Price / SF$212.29
Days on Market6
Property Features for 1319 TOPFIELD Court
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-2
Bedrooms
8
Bathrooms
8
Full bathrooms
8
Rooms
Bathroom 6, Bedroom 2, Bathroom 8, Bedroom 7, Bedroom 4, Bathroom 4, Bedroom 8, Bathroom 2, Bathroom 3, Bathroom 5, Bedroom 1, Dining Room, Bedroom 6, Bedroom 5, Bathroom 1, Bathroom 7, Bedroom 3
Interior features
Cathedral Ceiling(s), Ceiling Fans(s), High Ceilings, Living Room/Dining Room Combo, Primary Bedroom Main Floor, Split Bedroom, Vaulted Ceiling(s)
Exterior features
Sidewalk, Sliding Doors, Storage
Subdivision
GROVE HILL VILLAS
Directions
From the east side of town, head west toward Apopka and take FL-436 W (Semoran Blvd). Continue on FL-436 W, then turn right onto Thompson Rd. Proceed to Topfield Dr and turn left. The property at 1319-1321 Topfield will be on your right.
Standard status
Active
APN
17-21-29-522-0000-0210
Size
1,644 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 21 GROVE HILL VILLAS PB 36 PG 70
Tax Annual Amount
3799
Legal Description
LOT 21 GROVE HILL VILLAS PB 36 PG 70
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1989
Building materials
Stucco, Frame
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
FLORIDA REALTY INVESTMENTS
(407) 207-2220
Listed By:
Ryan Langley · License #681367
(407) 802-6462
Added: Aug 7
Changed: Aug 11
Last Checked: Aug 12 at 1:06AM
MLS# O6431833
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex contains two residential units within a 1,644-square-foot property built in 1989. Interior features include vaulted and high ceilings, ceiling fans, a combined living and dining area, and main-floor primary bedrooms. Central air conditioning and electric heat serve the building, while stucco and frame construction support the exterior design. Additional property features include storage, sliding doors, sidewalks, a shingle roof, public water, and septic service.
The property is zoned R-2 and occupies approximately 0.24 acres in Apopka, Florida. Cable service is available. The unit configuration, residential zoning, and existing building systems provide a defined multifamily property format for evaluation by purchasers seeking a duplex asset.
The property is zoned R-2 and occupies approximately 0.24 acres in Apopka, Florida. Cable service is available. The unit configuration, residential zoning, and existing building systems provide a defined multifamily property format for evaluation by purchasers seeking a duplex asset.
Key Highlights
- Two‑unit duplex configuration
- 1,644 square feet on 0.24 acres
- R‑2 zoning
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - The property includes two residential units with central heating and cooling.
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 on 0.24 acres; R‑2 zoning
