Updated Duplex With Vacant
1501 & 1503 E HARDING STREET Orlando, FL 32806
For Sale
$574,900
Pending
Updated duplex with two vacant units featuring carpet-free interiors and equipped kitchens.
Property Size1,626 SF
Days on Market540
Property Features for 1501 & 1503 E HARDING STREET
General Information
- Standard status
- Pending
- Size
- 1,626 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1965
Listing Agency:
KELLER WILLIAMS HERITAGE REALTY
(321) 363-6116
Listed By:
Diane Bonheim · License #61659
(321) 363-6116
Source:
Exitrealty
Added: Jan 29, 2025
Changed: Jul 21
Last Checked: Jul 23 at 5:00AM
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 KELLER WILLIAMS HERITAGE REALTY
Investment Insights
Based on property information with market context.
This duplex offers updated, carpet-free interiors in both units, with equipped kitchens already in place. Both units are currently vacant, providing an immediate option for an owner-occupant or a straightforward leasing setup.
The property is located in Orlando and is described as being in highly desirable “A” rated school zones.
With two separate units on the duplex configuration and no shared detail provided beyond the address, this asset is best suited for buyers looking for a clean, turn-ready residential income property with kitchen improvements included.
The property is located in Orlando and is described as being in highly desirable “A” rated school zones.
With two separate units on the duplex configuration and no shared detail provided beyond the address, this asset is best suited for buyers looking for a clean, turn-ready residential income property with kitchen improvements included.
Key Highlights
- Updated duplex built in 1965 with two units
- Both units are currently vacant
- Carpet‑free interiors
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.1k | $21.60 |
| − Vacancy | −$2.2k | −$1.33 |
| EGI | $33.0k | $20.27 |
| − OpEx | −$9.9k | −$6.08 |
| NOI | $23.1k | $14.19 |
1,626 SF · lease $21.60/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$329.5K
$288.4K – $384.5K
NOI $23,068 @ 7.0% cap · market cap 4.01%
Second Best
Apartment 5plus
$301.0K
$263.4K – $351.2K
NOI $21,071 @ 7.0% cap · market cap 3.67%
Theoretical Best
Office A
$523.8K
$458.3K – $611.1K
NOI $36,665 @ 7.0% cap · market cap 6.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Updated duplex with two vacant units featuring carpet-free interiors and equipped kitchens.
Where is this duplex located?
The property is located at 1501 & 1503 E HARDING STREET Orlando, FL.
What is the asking price?
The asking price for this property is $574,900.
What are key features of this property?
This property features: Updated duplex built in 1965 with two units; Both units are currently vacant; Carpet‑free interiors
