Historic Multifamily
For Sale
$659,000
Pending
527 S OSCEOLA AVENUE, Orlando, FL 32801
Historic property offering income use or conversion to a single-family residence.
Property Size2,363 SF
Days on Market683
Property Features for 527 S OSCEOLA AVENUE
General Information
Standard status
Pending
Size
2,363 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$7,925
Building Details
Year Built
1894
Listing Agency:
OPTIMA REAL ESTATE
(407) 366-4500
Listed By:
Craig Kesler · License #3486269
(407) 366-4500
Source:
Exitrealty
Added: Oct 18, 2024
Changed: Aug 30
Last Checked: Aug 30 at 2:50PM
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 OPTIMA REAL ESTATE
Investment Insights
Based on property information with market context.
Built in 1894, this 2,363-square-foot property is classified as a multifamily asset and retains the character of an early Orlando home. The property can support income-producing use or be converted back to a single-family residence, providing flexibility for an owner-user or investor.
The parcel measures more than 1/4 acre and is located near Lake Cherokee at 527 S Osceola Avenue in Orlando. Its age, residential format, and adaptable use profile distinguish it within the central Orlando setting.
The parcel measures more than 1/4 acre and is located near Lake Cherokee at 527 S Osceola Avenue in Orlando. Its age, residential format, and adaptable use profile distinguish it within the central Orlando setting.
Key Highlights
- 2,363‑square‑foot multifamily property built in 1894
- More than 1/4‑acre lot
- Can be operated as an income property
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
$30,622
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
4.65%
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%
$612,440
$612.4K
Cap Rate 7%
$437,457
$437.5K
Cap Rate 9%
$340,244
$340.2K
Market Conditions
NOI Build-Up for 2,363 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
$59.5K $25.20/SF
− Vacancy
−$3.9K −$1.64/SF
EGI
$55.7K $23.56/SF
− OpEx
−$25.1K −$10.60/SF
NOI
$30.6K $12.96/SF
Area
Orlando, FL
Vacancy
6.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
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%
$612,440
Cap Rate 7%
$437,457
Cap Rate 9%
$340,244
Alternative Uses
Best Use
Apartment 5plus
$437.5K
$382.8K – $510.4K
NOI $30,622 @ 7.0% cap · market cap 4.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$761.2K
$666.1K – $888.1K
NOI $53,284 @ 7.0% cap · market cap 8.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
7,897
Businesses Nearby
Explore this area
Business Placement
Demographics for 32801, FL
17,728
Population
12,133
Households
1.5
Avg Household Size
36
Median Age
63%
College-Educated
95%
High-School Grad
2.2 sq mi
ZIP Area
8,058
Density / Sq Mi
$77,626
Median Household Income
$63,090
Median Earnings
$1,773
Median Rent
$397,600
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?
Multifamily property - Historic property offering income use or conversion to a single-family residence.
Where is this multifamily property located?
The property is located at 527 S OSCEOLA AVENUE Orlando, FL.
What is the asking price?
The asking price for this property is $659,000.
What are key features of this property?
This property features: 2,363‑square‑foot multifamily property built in 1894; More than 1/4‑acre lot; Can be operated as an income property
