Renovated Duplex with Two-Bedroom
New
For Sale
$525,000
1820 CENTRAL PARK AVENUE, Orlando, FL 32807
Both residences feature refreshed interiors with new flooring, updated bathrooms, and fresh paint.
Property Size1,764 SF
Price / SF$297.62
Days on Market5
Property Features for 1820 CENTRAL PARK AVENUE
General Information
Standard status
Active
Size
1,764 SF
Property subtype
Half Duplex
Additional Details
Multifamily Units
2
Building Details
Year Built
1981
Listing Agency:
LA ROSA REALTY CW PROPERTIES L
(407) 910-2168
Listed By:
Joshua Hernandez · License #3482758
(407) 775-8010
Source:
Endlesssummerrealty
Added: Sep 1
Changed: Sep 4
Last Checked: Sep 5 at 6:45AM
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 LA ROSA REALTY CW PROPERTIES L
Investment Insights
Based on property information with market context.
This duplex contains two residences, each arranged with 2 bedrooms and 1 bathroom. Improvements include new flooring, fresh interior paint, and remodeled bathrooms, providing updated interiors across both units. The property measures 1,764 square feet and was built in 1981.
Located at 1820 Central Park Avenue in Orlando, the property is near shopping, dining, major roadways, and everyday services. With no HOA, the site offers an ownership structure that can accommodate living in one residence while leasing the other, or holding both units as a residential income property.
Located at 1820 Central Park Avenue in Orlando, the property is near shopping, dining, major roadways, and everyday services. With no HOA, the site offers an ownership structure that can accommodate living in one residence while leasing the other, or holding both units as a residential income property.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1 bathroom in each residence
- 1,764 square feet of total property size
- New flooring, fresh interior paint, and updated 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
$25,026
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
4.77%
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%
$500,520
$500.5K
Cap Rate 7%
$357,514
$357.5K
Cap Rate 9%
$278,067
$278.1K
Market Conditions
NOI Build-Up for 1,764 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
$38.1K $21.60/SF
− Vacancy
−$2.4K −$1.33/SF
EGI
$35.8K $20.27/SF
− OpEx
−$10.7K −$6.08/SF
NOI
$25.0K $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%
$500,520
Cap Rate 7%
$357,514
Cap Rate 9%
$278,067
Alternative Uses
Best Use
Multifamily LT 5
$357.5K
$312.8K – $417.1K
NOI $25,026 @ 7.0% cap · market cap 4.77%
Second Best
Apartment 5plus
$326.6K
$285.8K – $381.0K
NOI $22,860 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$568.2K
$497.2K – $663.0K
NOI $39,777 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
722
Businesses Nearby
Explore this area
Business Placement
Demographics for 32807, FL
34,384
Population
13,906
Households
2.5
Avg Household Size
36
Median Age
25%
College-Educated
86%
High-School Grad
8.4 sq mi
ZIP Area
4,093
Density / Sq Mi
$59,583
Median Household Income
$32,667
Median Earnings
$1,471
Median Rent
$247,700
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 - Both residences feature refreshed interiors with new flooring, updated bathrooms, and fresh paint.
Where is this duplex located?
The property is located at 1820 CENTRAL PARK AVENUE Orlando, FL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 1 bathroom in each residence; 1,764 square feet of total property size; New flooring, fresh interior paint, and updated bathrooms
