Four-Unit Multifamily with Private
1505 CATHERINE Street Orlando, FL 32801
1505 CATHERINE Street, Orlando, FL, 32801
$1,300,000
For Sale
$1,300,000
MULTI_FAMILY - ORLANDO, FL
Property Size3,636 SF
Lot Size0.23 Acres
Price / SF$357.54
Days on Market33
Property Features for 1505 CATHERINE Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Zoning
- R-2B/T/AN
- Pets allowed
- Cats OK, Dogs OK
- Interior features
- Ceiling Fans(s), Solid Surface Counters, Thermostat, Walk-In Closet(s), Window Treatments
- Exterior features
- Private Mailbox, Sidewalk
- Standard status
- Active
- APN
- 36-22-29-4392-00-270
- Size
- 3,636 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- LAKE DAVIS HEIGHTS G/71 LOT 27
- Tax Annual Amount
- 10644
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1950
- Floors in Building
- 2
- Number of units
- 4
- Building materials
- Concrete, Stucco
- Roof type
- Shingle
Listing agency
MAINFRAME REAL ESTATE
(407) 513-4257
Listed by
Carla Trine · License #3381595
(407) 756-6392
Added: Jun 20 Updated: Jun 21 at 10:47AM Checked: Jul 22 at 3:06AM
MLS# O6417011
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Four-unit multifamily investment property on a single parcel, combining one extensively renovated historic home with three newly constructed apartments. The front residence was originally built in 1950 and renovated in 2018, offering three bedrooms, two bathrooms, and a flexible bonus room, along with a natural gas range, on-demand gas hot water, and a gas dryer. The rear building was newly constructed in 2023 and includes three separate units with individual addresses: a downstairs 2/1 with a private backyard, an upstairs 2/1 that is fully furnished and has 12-ft ceilings, and an upstairs studio. There is also one separately metered one-car garage accessed only from outside.
Tenant parking includes four private parking spaces, with guest parking off Catherine Street. Each unit features private washers and dryers. The property is located in Downtown Orlando’s Lake Davis-Greenwood area near Lake Davis, Greenwood Urban Park, Delaney Park, Thornton Park, and 903 Mills Market, with access to Orlando Health, the Dr. Phillips Center for the Performing Arts, the Kia Center, and Orlando City Soccer Stadium. Zoning is R-2B/T/AN.
Tenant parking includes four private parking spaces, with guest parking off Catherine Street. Each unit features private washers and dryers. The property is located in Downtown Orlando’s Lake Davis-Greenwood area near Lake Davis, Greenwood Urban Park, Delaney Park, Thornton Park, and 903 Mills Market, with access to Orlando Health, the Dr. Phillips Center for the Performing Arts, the Kia Center, and Orlando City Soccer Stadium. Zoning is R-2B/T/AN.
Key Highlights
- Four‑unit property in Downtown Orlando’s Lake Davis‑Greenwood area with approx. 3,658 SF, 8 bedrooms and 5 bathrooms.
- Front residence built in 1950, extensively renovated in 2018, with 3 bedrooms, 2 bathrooms plus a flexible bonus room.
- Rear building newly constructed in 2023 with separate addresses for Units A, B, and C: downstairs 2/1 with private backyard; upstairs 2/1; upstairs studio.
Local 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 | $78.5k | $21.60 |
| − Vacancy | −$4.8k | −$1.33 |
| EGI | $73.7k | $20.27 |
| − OpEx | −$22.1k | −$6.08 |
| NOI | $51.6k | $14.19 |
3,636 SF · lease $21.60/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$736.9K
$644.8K – $859.7K
NOI $51,584 @ 7.0% cap · market cap 3.97%
Second Best
Apartment 5plus
$673.1K
$589.0K – $785.3K
NOI $47,119 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$1.17M
$1.02M – $1.37M
NOI $81,990 @ 7.0% cap · market cap 6.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Rowe and Co. Construction, ...
Construction Company
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four income-producing units on one parcel, including a renovated 1950 home and three 2023-built apartments, plus tenant parking.
Where is this quadplex located?
The property is located at 1505 CATHERINE Street Orlando, FL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Four‑unit property in Downtown Orlando’s Lake Davis‑Greenwood area with approx. 3,658 SF, 8 bedrooms and 5 bathrooms.; Front residence built in 1950, extensively renovated in 2018, with 3 bedrooms, 2 bathrooms plus a flexible bonus room.; Rear building newly constructed in 2023 with separate addresses for Units A, B, and C: downstairs 2/1 with private backyard; upstairs 2/1; upstairs studio.
