Two-Unit Duplex with
For Sale
$479,000
2967 5TH STREET, Saint Cloud, FL 34769
The property offers central air conditioning, dedicated parking, and outdoor patio areas for both residences.
Property Size1,914 SF
Price / SF$250.26
Days on Market635
Property Features for 2967 5TH STREET
General Information
Standard status
Active
Size
1,914 SF
Property subtype
Multi Family
Occupancy
100%
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,738
Amenities
central air conditioning
patio areas
dedicated parking spaces
Building Details
Year Built
1989
Buildings
1
Construction
brick
Tenancy
Multi
Listing Agency:
ORLANDO REALTY PROFESSIONALS
(407) 279-1876
Listed By:
Tony Rhodes · License #3246562
(407) 719-8709
Source:
Exitrealty
Added: Jan 20, 2025
Changed: Oct 3
Last Checked: Sep 15 at 4:40AM
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 REALTY PROFESSIONALS
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Investment Insights
Based on property information with market context.
Built in 1989, this duplex contains two 2-bedroom, 2-bath residences with 959 square feet per unit and 1,914 square feet overall. Each layout includes a kitchen, spacious bedrooms, a primary bedroom with an attached bath, and bright interior spaces. The building has a brick exterior with black shutters, central air conditioning, designated parking, and patio areas. Both residences are rented, including one occupied by a long-term tenant.
The property is located at 2967 5th Street in St. Cloud, Florida, directly across from Lakeview Elementary School. Schools, parks, shopping, and dining are located nearby.
The property is located at 2967 5th Street in St. Cloud, Florida, directly across from Lakeview Elementary School. Schools, parks, shopping, and dining are located nearby.
Key Highlights
- Two 2‑bedroom, 2‑bath units totaling 1,914 square feet
- Each unit measures 959 square feet
- Both units are currently rented; one has a long‑term tenant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,528
Cap Rate
5.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$510,560
$510.6K
Cap Rate 7%
$364,686
$364.7K
Cap Rate 9%
$283,644
$283.6K
Market Conditions
NOI Build-Up for 1,914 SF
Gross rent
$39.0K $20.40/SF
− Vacancy
−$2.6K −$1.35/SF
EGI
$36.5K $19.05/SF
− OpEx
−$10.9K −$5.72/SF
NOI
$25.5K $13.34/SF
Area
Osceola 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 Rate 5%
$510,560
Cap Rate 7%
$364,686
Cap Rate 9%
$283,644
Alternative Uses
Best Use
Multifamily LT 5
$364.7K
$319.1K – $425.5K
NOI $25,528 @ 7.0% cap · market cap 5.33%
Second Best
Apartment 5plus
$335.8K
$293.8K – $391.7K
NOI $23,504 @ 7.0% cap · market cap 4.91%
Theoretical Best
Specialty Retail
$591.8K
$517.9K – $690.5K
NOI $41,429 @ 7.0% cap · market cap 8.65%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
776
Businesses Nearby
Explore this area
Business Placement
Demographics for 34769, FL
27,594
Population
11,070
Households
2.5
Avg Household Size
40
Median Age
24%
College-Educated
89%
High-School Grad
10.6 sq mi
ZIP Area
2,603
Density / Sq Mi
$58,764
Median Household Income
$35,776
Median Earnings
$1,400
Median Rent
$271,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The property offers central air conditioning, dedicated parking, and outdoor patio areas for both residences.
Where is this duplex located?
The property is located at 2967 5TH STREET Saint Cloud, FL.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: Two 2‑bedroom, 2‑bath units totaling 1,914 square feet; Each unit measures 959 square feet; Both units are currently rented; one has a long‑term tenant
