Renovated Duplex Income
1921 BONNEVILLE Drive Orlando, FL 32826
For Sale
$485,000
MULTI_FAMILY - ORLANDO, FL
Property Size1,792 SF
Lot Size0.33 Acres
Price / SF$270.65
Days on Market8
Property Features for 1921 BONNEVILLE Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- R-2
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 3, Dining Room, Bathroom 2
- Parking features
- Driveway, Covered
- Patio and Porch features
- Patio
- Pets allowed
- Yes
- Interior features
- Living Room/Dining Room Combo, Vaulted Ceiling(s)
- Exterior features
- Sidewalk, Sliding Doors
- Appliances
- Dishwasher, Microwave, Range
- Standard status
- Active
- APN
- 14-22-31-6539-14-050
- Size
- 1,792 SF
- Lot size
- 0.33 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- PALM LAKES ESTATES 5TH ADDITION U/85 LOT5 BLK 104
- Tax Annual Amount
- 5938
Utilities
- Utilities
- Cable Available
- Sewer type
- Septic Tank
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1981
- Flooring type
- Tile - Ceramic
- Building materials
- Block
- Roof type
- Shingle
Listing Agency:
KELLER WILLIAMS ADVANTAGE REALTY
(407) 977-7600
Listed By:
Ron Verzaro, II · License #3294721
(407) 221-5464
Added: Jul 16
Changed: Jul 22
Last Checked: Jul 23 at 5:06PM
MLS# O6425260
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.
This fully renovated duplex includes two spacious 2-bedroom, 1-bath units, each with its own covered carport and private entrance. The property is set up for separate operations with individual water and electric meters for each unit. Both units have been freshly painted and feature renovated bathrooms with cultured marble shower surrounds, professionally refurbished kitchen cabinetry, and new quartz kitchen countertops. Additional reported upgrades include new electrical panels, durable tile flooring throughout both units, and a newer roof, with the overall scope designed to reduce future maintenance.
The property is located at 1921 & 1923 Bonneville Drive in Orlando, within the R-2 zoning classification. Each unit also has generous private outdoor space, and the duplex includes a large fenced backyard.
Unit 1921 has additional capital improvements, including a new HVAC system, new water heater, and new kitchen appliances. The combination of updated interiors, in-unit utility separation, and private entrances supports a straightforward, move-in-ready duplex configuration.
The property is located at 1921 & 1923 Bonneville Drive in Orlando, within the R-2 zoning classification. Each unit also has generous private outdoor space, and the duplex includes a large fenced backyard.
Unit 1921 has additional capital improvements, including a new HVAC system, new water heater, and new kitchen appliances. The combination of updated interiors, in-unit utility separation, and private entrances supports a straightforward, move-in-ready duplex configuration.
Key Highlights
- Fully renovated duplex at 1921 & 1923 Bonneville Drive with two 2‑bedroom, 1‑bath units
- Separate water and electric meters for each unit
- Unit 1921 upgrades include new HVAC system, new water heater, and new kitchen appliances
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 | $38.7k | $21.60 |
| − Vacancy | −$2.4k | −$1.33 |
| EGI | $36.3k | $20.27 |
| − OpEx | −$10.9k | −$6.08 |
| NOI | $25.4k | $14.19 |
1,792 SF · lease $21.60/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$363.2K
$317.8K – $423.7K
NOI $25,423 @ 7.0% cap · market cap 5.24%
Second Best
Apartment 5plus
$331.8K
$290.3K – $387.1K
NOI $23,223 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$577.3K
$505.1K – $673.5K
NOI $40,409 @ 7.0% cap · market cap 8.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Turnkey 2-unit duplex with two 2-bedroom, 1-bath homes, private entrances, and separate utilities.
Where is this duplex located?
The property is located at 1921 BONNEVILLE Drive Orlando, FL.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Fully renovated duplex at 1921 & 1923 Bonneville Drive with two 2‑bedroom, 1‑bath units; Separate water and electric meters for each unit; Unit 1921 upgrades include new HVAC system, new water heater, and new kitchen appliances
