Residential Income
For Sale
$639,900
1501 WOODWARD STREET, Orlando, FL 32803
An eat-in kitchen, open floorplan, and stone counters shape the interior layout.
Property Size1,600 SF
Price / SF$399.94
Days on Market21
Property Features for 1501 WOODWARD STREET
General Information
Standard status
Active
Size
1,600 SF
Property subtype
Residential Income
Zoning
R-2A/T/SP/
Taxes and HOA fees
Annual Taxes
$8,527
Amenities
Street Lights
Wall/Window Unit(s)
Electric
Cooktop, Dishwasher, Dryer, Microwave, Range, Range Hood, Refrigerator, Tankless Water Heater, Washer
Eat-in Kitchen, Open Floorplan, Stone Counters
City
Driveway, Guest, Open, Parking Pad
Building Details
Building Size
1,600 SF
Year Built
1937
Listing Agency:
LPT Realty, LLC.
Listed By:
Michael Garcia · License #3289387
(407) 802-6290
Source:
Evrealestate
Added: Sep 28
Changed: Oct 6
Last Checked: Oct 16 at 8:16AM
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 LPT Realty, LLC.
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Investment Insights
Based on property information with market context.
Built in 1937, this residential income property has an open floorplan with an eat-in kitchen and stone counters. Interior equipment includes a cooktop, range, range hood, dishwasher, microwave, refrigerator, washer, dryer, and tankless water heater. Heating and cooling are provided by wall/window units, with electric service noted.
The property is at 1501 Woodward Street in Orlando. Exterior parking options include a driveway and parking pad, with guest and open parking also listed. Zoning is designated R-2A/T/SP/.
The property is at 1501 Woodward Street in Orlando. Exterior parking options include a driveway and parking pad, with guest and open parking also listed. Zoning is designated R-2A/T/SP/.
Key Highlights
- 1937 construction
- Open floorplan with an eat‑in kitchen and stone counters
- Wall/window units and electric service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,735
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$414,700
$414.7K
Cap Rate 7%
$296,214
$296.2K
Cap Rate 9%
$230,389
$230.4K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$40.3K $25.20/SF
− Vacancy
−$2.6K −$1.64/SF
EGI
$37.7K $23.56/SF
− OpEx
−$17.0K −$10.60/SF
NOI
$20.7K $12.96/SF
Area
Orlando, FL
Vacancy
6.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$414,700
Cap Rate 7%
$296,214
Cap Rate 9%
$230,389
Alternative Uses
Best Use
Apartment 5plus
$296.2K
$259.2K – $345.6K
NOI $20,735 @ 7.0% cap · market cap 3.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$515.4K
$451.0K – $601.3K
NOI $36,079 @ 7.0% cap · market cap 5.64%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,774
Businesses Nearby
Explore this area
Business Placement
Demographics for 32803, FL
21,003
Population
12,225
Households
1.7
Avg Household Size
38
Median Age
59%
College-Educated
96%
High-School Grad
6.8 sq mi
ZIP Area
3,089
Density / Sq Mi
$101,401
Median Household Income
$61,439
Median Earnings
$1,823
Median Rent
$421,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - An eat-in kitchen, open floorplan, and stone counters shape the interior layout.
Where is this residential income property located?
The property is located at 1501 WOODWARD STREET Orlando, FL.
What is the asking price?
The asking price for this property is $639,900.
What are key features of this property?
This property features: 1937 construction; Open floorplan with an eat‑in kitchen and stone counters; Wall/window units and electric service
