Renovated Three-Unit
New
For Sale
$795,000
1438 CATHERINE ST, Orlando, FL 32801
Three leased residences include two units in the main building and a separate cottage.
Property Size2,375 SF
Days on Market3
Property Features for 1438 CATHERINE ST
General Information
Standard status
Active
Size
2,375 SF
Property subtype
Triplex
Occupancy
100%
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$12,402
Building Details
Building Size
2,375 SF
Year Built
1910
Tenancy
Multi
Listing Agency:
MAVREALTY
Listed By:
Robert Kirkwood, IV · License #3376813
(321) 297-6489
Source:
Novaorlando
Added: Oct 14
Changed: Oct 16
Last Checked: Oct 16 at 1:56PM
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 MAVREALTY
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Investment Insights
Based on property information with market context.
Built in 1910, this Orlando triplex comprises two residences in the principal building and a third in a detached cottage. Each of the three units has updated flooring, a renovated kitchen, and new appliances. The property also has a new roof and relatively new air-conditioning units, with all three residences currently leased.
At 1438 Catherine St, the property is in the Delaney Park area near Mills Avenue and Gore Street. Lake Davis and Mills Market are among the nearby destinations, and downtown Orlando is also close. The assigned schools are Lake Como K-8 and Boone High School.
At 1438 Catherine St, the property is in the Delaney Park area near Mills Avenue and Gore Street. Lake Davis and Mills Market are among the nearby destinations, and downtown Orlando is also close. The assigned schools are Lake Como K-8 and Boone High School.
Key Highlights
- Three residences, all currently leased
- Two units in the main building plus one detached cottage
- All units updated with new flooring, kitchens, and appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,694
Cap Rate
4.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$673,880
$673.9K
Cap Rate 7%
$481,343
$481.3K
Cap Rate 9%
$374,378
$374.4K
Market Conditions
NOI Build-Up for 2,375 SF
Gross rent
$51.3K $21.60/SF
− Vacancy
−$3.2K −$1.33/SF
EGI
$48.1K $20.27/SF
− OpEx
−$14.4K −$6.08/SF
NOI
$33.7K $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 Rate 5%
$673,880
Cap Rate 7%
$481,343
Cap Rate 9%
$374,378
Alternative Uses
Best Use
Multifamily LT 5
$481.3K
$421.2K – $561.6K
NOI $33,694 @ 7.0% cap · market cap 4.24%
Second Best
Apartment 5plus
$439.7K
$384.7K – $513.0K
NOI $30,778 @ 7.0% cap · market cap 3.87%
Theoretical Best
Office A
$765.1K
$669.4K – $892.6K
NOI $53,555 @ 7.0% cap · market cap 6.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
900
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
Check the figures for this property
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?
Triplex - Three leased residences include two units in the main building and a separate cottage.
Where is this triplex located?
The property is located at 1438 CATHERINE ST Orlando, FL.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Three residences, all currently leased; Two units in the main building plus one detached cottage; All units updated with new flooring, kitchens, and appliances
