Duplex With 3-Car
For Sale
$899,900
124 ORANGE AVENUE, Clermont, FL 34711
Two residential units offer game rooms, upgraded interiors, and access to a nearby waterfront park.
Property Size3,604 SF
Price / SF$249.69
Days on Market559
Property Features for 124 ORANGE AVENUE
General Information
Standard status
Active
Size
3,604 SF
Property subtype
Multi Family
Units
Multifamily Units
2
Parking per Unit
3
Taxes and HOA fees
Annual Taxes
$9,194
Building Details
Year Built
2018
Buildings
1
Listing Agency:
ORLANDO HOMES & INVESTMENTS
Listed By:
Noel Moenssens · License #511678
(407) 467-6515
Source:
Exitrealty
Added: Feb 20, 2025
Changed: Sep 2
Last Checked: Sep 1 at 4:08PM
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 ORLANDO HOMES & INVESTMENTS
Investment Insights
Based on property information with market context.
Built in 2018, this 3,604-square-foot duplex contains two residential units, each configured with three bedrooms, two full bathrooms, and a game room that can also serve as flexible work or living space. Interior features include granite kitchen counters, contemporary cabinetry, stainless steel appliances, recessed lighting, energy-efficient windows, and tile flooring in wet areas. Bathrooms include double vanities and custom tile finishes. Each unit also includes a three-car garage, providing substantial on-site parking and storage capacity.
The property is near a waterfront park with walking trails and water views. Leases and management are in place, supporting continued rental operations while retaining the duplex format for owner occupancy or multigenerational use.
The property is near a waterfront park with walking trails and water views. Leases and management are in place, supporting continued rental operations while retaining the duplex format for owner occupancy or multigenerational use.
Key Highlights
- 3,604‑square‑foot duplex built in 2018
- Each unit has 3 bedrooms, 2 full bathrooms, and a game room
- 3‑car garage provided for each unit
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
$48,068
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
5.34%
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%
$961,360
$961.4K
Cap Rate 7%
$686,686
$686.7K
Cap Rate 9%
$534,089
$534.1K
Market Conditions
NOI Build-Up for 3,604 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
$73.5K $20.40/SF
− Vacancy
−$4.9K −$1.35/SF
EGI
$68.7K $19.05/SF
− OpEx
−$20.6K −$5.72/SF
NOI
$48.1K $13.34/SF
Area
Lake 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%
$961,360
Cap Rate 7%
$686,686
Cap Rate 9%
$534,089
Alternative Uses
Best Use
Multifamily LT 5
$686.7K
$600.9K – $801.1K
NOI $48,068 @ 7.0% cap · market cap 5.34%
Second Best
Apartment 5plus
$632.3K
$553.2K – $737.6K
NOI $44,258 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$1.03M
$897.4K – $1.20M
NOI $71,792 @ 7.0% cap · market cap 7.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
419
Businesses Nearby
Explore this area
Business Placement
Demographics for 34711, FL
67,980
Population
28,127
Households
2.4
Avg Household Size
45
Median Age
36%
College-Educated
95%
High-School Grad
39.2 sq mi
ZIP Area
1,734
Density / Sq Mi
$88,474
Median Household Income
$46,456
Median Earnings
$1,817
Median Rent
$369,900
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 - Two residential units offer game rooms, upgraded interiors, and access to a nearby waterfront park.
Where is this duplex located?
The property is located at 124 ORANGE AVENUE Clermont, FL.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: 3,604‑square‑foot duplex built in 2018; Each unit has 3 bedrooms, 2 full bathrooms, and a game room; 3‑car garage provided for each unit
