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 Market590
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: Sep 2
Last Checked: Sep 1 at 5:59PM
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
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 = 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
$25,528
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
5.33%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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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
