Duplex With Attached
For Sale
$535,000
Pending
1402 & 1404 PLEASANT OAK LN, Orlando, FL 32804
Two-bedroom units offer screened patios, private fenced yards, and attached single-car garages.
Property Size2,113 SF
Days on Market42
Property Features for 1402 & 1404 PLEASANT OAK LN
General Information
Standard status
Pending
Size
2,113 SF
Total Parking Spaces
2
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$6,339
Amenities
screened-in patios
private backyards
Building Details
Building Size
2,113 SF
Year Built
1983
Buildings
1
Tenancy
Multi
Listing Agency:
ONE OAK REALTY CORP
(407) 301-9065
Listed By:
Neil Payne
Source:
Novaorlando
Added: Jul 10
Changed: Aug 11
Last Checked: Aug 19 at 2:29PM
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 ONE OAK REALTY CORP
Investment Insights
Based on property information with market context.
This 1983 duplex includes two residential units, each measuring over 1,050 square feet with two bedrooms and two bathrooms. Both sides also feature an attached single-car garage, a screened patio, and a fully fenced private backyard. The side-positioned patios provide separation from the primary living areas while maintaining direct access to the outdoor space.
Located at 1402 & 1404 Pleasant Oak Ln in Orlando’s 32804 College Park area, the property is approximately 5 minutes from College Park dining and boutiques. Winter Park Village, Park Avenue, Downtown Orlando, and Lake Eola are each about 10 minutes away. Wekiwa Springs is approximately 17 minutes away, Orlando International Airport is about 25 minutes away, and Florida’s east coast beaches are roughly 1 hour from the property.
Located at 1402 & 1404 Pleasant Oak Ln in Orlando’s 32804 College Park area, the property is approximately 5 minutes from College Park dining and boutiques. Winter Park Village, Park Avenue, Downtown Orlando, and Lake Eola are each about 10 minutes away. Wekiwa Springs is approximately 17 minutes away, Orlando International Airport is about 25 minutes away, and Florida’s east coast beaches are roughly 1 hour from the property.
Key Highlights
- Two‑unit duplex built in 1983
- Each unit exceeds 1,050 square feet
- Both units feature 2 bedrooms and 2 bathrooms
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
$29,977
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
5.60%
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%
$599,540
$599.5K
Cap Rate 7%
$428,243
$428.2K
Cap Rate 9%
$333,078
$333.1K
Market Conditions
NOI Build-Up for 2,113 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
$45.6K $21.60/SF
− Vacancy
−$2.8K −$1.33/SF
EGI
$42.8K $20.27/SF
− OpEx
−$12.8K −$6.08/SF
NOI
$30.0K $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 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%
$599,540
Cap Rate 7%
$428,243
Cap Rate 9%
$333,078
Alternative Uses
Best Use
Multifamily LT 5
$428.2K
$374.7K – $499.6K
NOI $29,977 @ 7.0% cap · market cap 5.60%
Second Best
Apartment 5plus
$391.2K
$342.3K – $456.4K
NOI $27,383 @ 7.0% cap · market cap 5.12%
Theoretical Best
Office A
$680.7K
$595.6K – $794.1K
NOI $47,647 @ 7.0% cap · market cap 8.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,097
Businesses Nearby
Explore this area
Business Placement
Demographics for 32804, FL
19,084
Population
10,127
Households
1.9
Avg Household Size
40
Median Age
61%
College-Educated
97%
High-School Grad
7.2 sq mi
ZIP Area
2,651
Density / Sq Mi
$113,466
Median Household Income
$61,227
Median Earnings
$1,717
Median Rent
$498,700
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 - Two-bedroom units offer screened patios, private fenced yards, and attached single-car garages.
Where is this duplex located?
The property is located at 1402 & 1404 PLEASANT OAK LN Orlando, FL.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: Two‑unit duplex built in 1983; Each unit exceeds 1,050 square feet; Both units feature 2 bedrooms and 2 bathrooms
