Duplex with Private
For Sale
$465,000
1921 BONNEVILLE Drive, Orlando, FL 32826
Residential Income, ORLANDO, FL
Property Size1,792 SF
Lot Size0.33 Acres
Price / SF$259.49
Days on Market94
Property Features for 1921 BONNEVILLE Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-2
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bathroom 1, Bedroom 2, Bedroom 1, Bathroom 2, Dining Room, Bedroom 3
Parking features
Covered, Driveway
Patio and Porch features
Patio
Pets allowed
Yes
Interior features
Living Room/Dining Room Combo, Vaulted Ceiling(s)
Exterior features
Sidewalk
Appliances
Dishwasher, Microwave, Range
Subdivision
PALM LAKES ESTATES
Lot features
Sidewalk, Paved
Elementary school
Bonneville Elem
Middle school
Corner Lake Middle
High school
East River High
Directions
I-4 W to FL-408 E Take exit 23 from FL-408 E Drive to Bonneville Dr
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
Legal Description
PALM LAKES ESTATES 5TH ADDITION U/85 LOT5 BLK 104
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
covered carport
private entrance
fenced backyard
separate water and electric meters
Building Details
Year built
1981
Flooring type
Tile - Ceramic
Building materials
Block
Roof type
Shingle
Listing Agency:
KELLER WILLIAMS ADVANTAGE REALTY · Keller Williams Realty
(407) 977-7600
Listed By:
Ron Verzaro, II · License #3294721
(407) 221-5464
Added: Jul 16
Changed: Oct 16
Last Checked: Oct 17 at 11:06PM
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.
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Investment Insights
Based on property information with market context.
This 1,792-square-foot duplex contains two residences, each with two bedrooms, one bathroom, a private entry, and a covered carport. Updates include refreshed interior and exterior paint, quartz kitchen counters, renovated bathrooms, refurbished cabinetry, and new electrical panels. Ceramic tile runs throughout both units. The 1921 residence also has a new HVAC system, water heater, and kitchen appliances. The shingle roof dates to 2021, and the property includes a fenced backyard with private outdoor areas.
Set on 0.33 acres in Orlando, the property is near the University of Central Florida and is zoned R-2. Separate water and electric meters serve the two units.
Set on 0.33 acres in Orlando, the property is near the University of Central Florida and is zoned R-2. Separate water and electric meters serve the two units.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 1,792 square feet on a 0.33‑acre lot
- Covered carport and private entrance for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,423
Cap Rate
5.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$508,460
$508.5K
Cap Rate 7%
$363,186
$363.2K
Cap Rate 9%
$282,478
$282.5K
Market Conditions
NOI Build-Up for 1,792 SF
Gross rent
$38.7K $21.60/SF
− Vacancy
−$2.4K −$1.33/SF
EGI
$36.3K $20.27/SF
− OpEx
−$10.9K −$6.08/SF
NOI
$25.4K $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 Rate 5%
$508,460
Cap Rate 7%
$363,186
Cap Rate 9%
$282,478
Alternative Uses
Best Use
Multifamily LT 5
$363.2K
$317.8K – $423.7K
NOI $25,423 @ 7.0% cap · market cap 5.47%
Second Best
Apartment 5plus
$331.8K
$290.3K – $387.1K
NOI $23,223 @ 7.0% cap · market cap 4.99%
Theoretical Best
Office A
$577.3K
$505.1K – $673.5K
NOI $40,409 @ 7.0% cap · market cap 8.69%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
323
Businesses Nearby
Explore this area
Business Placement
Demographics for 32826, FL
33,065
Population
10,714
Households
3.1
Avg Household Size
25
Median Age
34%
College-Educated
90%
High-School Grad
7.3 sq mi
ZIP Area
4,529
Density / Sq Mi
$61,784
Median Household Income
$27,066
Median Earnings
$1,478
Median Rent
$224,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Separate utility meters and private entrances support independent operation for both residences.
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 $465,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; 1,792 square feet on a 0.33‑acre lot; Covered carport and private entrance for each unit
