Three-Bedroom
For Sale
$589,999
1417 Belgrade Ave, Orlando, FL 32803
Central Orlando property near Downtown Orlando, local dining, parks, and established residential districts.
Property Size1,650 SF
Price / SF$357.58
Days on Market44
Property Features for 1417 Belgrade Ave
General Information
Standard status
Active
Size
1,650 SF
Property subtype
Multi-Family
Building Details
Year Built
2005
Listing Agency:
LISTWITHFREEDOM.COM
Listed By:
Ralph Harvey · License #338742
(855) 456-4945
Source:
Globalsapphirerealty
Added: Aug 25
Changed: Oct 6
Last Checked: Oct 6 at 12:19AM
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 LISTWITHFREEDOM.COM
Investment Insights
Based on property information with market context.
Located at 1417 Belgrade Avenue in Orlando’s 32803 area, this duplex was built in 2005 and provides 1,650 square feet of property size. The residence includes 3 bedrooms and 3 bathrooms, offering a substantial residential configuration within a Central Orlando setting.
The property is near Downtown Orlando, major roadways, local parks, restaurants, shopping, dining, and entertainment. Surrounding areas identified in the property information include Mills 50, Colonialtown, and Audubon Park. Its location places a range of Central Orlando amenities and neighborhood destinations within the surrounding area.
The property is near Downtown Orlando, major roadways, local parks, restaurants, shopping, dining, and entertainment. Surrounding areas identified in the property information include Mills 50, Colonialtown, and Audubon Park. Its location places a range of Central Orlando amenities and neighborhood destinations within the surrounding area.
Key Highlights
- 3‑bedroom, 3‑bathroom duplex
- 1,650 square feet of property size
- Built in 2005
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,409
Cap Rate
3.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$468,180
$468.2K
Cap Rate 7%
$334,414
$334.4K
Cap Rate 9%
$260,100
$260.1K
Market Conditions
NOI Build-Up for 1,650 SF
Gross rent
$35.6K $21.60/SF
− Vacancy
−$2.2K −$1.33/SF
EGI
$33.4K $20.27/SF
− OpEx
−$10.0K −$6.08/SF
NOI
$23.4K $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%
$468,180
Cap Rate 7%
$334,414
Cap Rate 9%
$260,100
Alternative Uses
Best Use
Multifamily LT 5
$334.4K
$292.6K – $390.2K
NOI $23,409 @ 7.0% cap · market cap 3.97%
Second Best
Apartment 5plus
$305.5K
$267.3K – $356.4K
NOI $21,383 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$531.5K
$465.1K – $620.1K
NOI $37,207 @ 7.0% cap · market cap 6.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,155
Businesses Nearby
Explore this area
Business Placement
Demographics for 32803, FL
21,003
Population
12,225
Households
1.7
Avg Household Size
38
Median Age
59%
College-Educated
96%
High-School Grad
6.8 sq mi
ZIP Area
3,089
Density / Sq Mi
$101,401
Median Household Income
$61,439
Median Earnings
$1,823
Median Rent
$421,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Central Orlando property near Downtown Orlando, local dining, parks, and established residential districts.
Where is this duplex located?
The property is located at 1417 Belgrade Ave Orlando, FL.
What is the asking price?
The asking price for this property is $589,999.
What are key features of this property?
This property features: 3‑bedroom, 3‑bathroom duplex; 1,650 square feet of property size; Built in 2005
