Vacant Duplex Ready for
For Sale
$399,900
200 & 200 1/2 HIBISCUS Court, Orlando, FL 32801
MULTI_FAMILY - ORLANDO, FL
Property Size1,144 SF
Lot Size0.07 Acres
Price / SF$349.56
Days on Market538
Property Features for 200 & 200 1/2 HIBISCUS Court
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-2B/T/HP
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Dining Room, Bathroom 2, Bedroom 2, Bedroom 1
Window features
Blinds
Patio and Porch features
Patio
Interior features
Ceiling Fans(s), Living Room/Dining Room Combo
Exterior features
Courtyard, Garden, Storage
Appliances
Cooktop, Refrigerator
Subdivision
HIBISCUS COURT
Elementary school
Lake Como Elem
Middle school
Lake Como School K-8
High school
Edgewater High
Directions
From I4 take Colonial East toward Highland Ave., make a right on Highland, Hibiscus is located on the west side or right side and is the first road after round about on Highland. Drive on Hibiscus and the home is on the left
Standard status
Active
APN
25-22-29-3540-02-121
Size
1,144 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
HIBISCUS COURT H/38 THE W 38 FT OF LOT 12 & E 6 FT OF LOT 14 BLK B
Tax Annual Amount
6733
Legal Description
HIBISCUS COURT H/38 THE W 38 FT OF LOT 12 & E 6 FT OF LOT 14 BLK B
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Wall/Window Unit(s), Window Unit(s), Central Air
Water source
Public
Building Details
Year built
1930
Floors in Building
2
Number of units
2
Flooring type
Carpet, Tile - Ceramic, Parquet Wood
Building materials
Wood Siding
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
LPT REALTY, LLC
(877) 366-2213
Listed By:
Andres Ospina Rivera · License #3293879
(321) 821-8446
Added: Feb 26, 2025
Changed: Aug 17
Last Checked: Aug 18 at 4:06PM
MLS# O6284765
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 vacant duplex at 200 & 200 1/2 HIBISCUS Court has been fully gutted inside, creating a clean slate for renovation. The project includes approved plans, and permits have been approved by the city after a prior stop work order by Code Enforcement. The roof was replaced in 2025. The upper level is configured as a 2-bedroom, 1-bath unit, and the lower level is a 1-bedroom, 1-bath unit.
The property sits on a 0.07-acre lot and contains 1,144 SF. Zoning is R-2B/T/HP. Exterior features include a courtyard, garden, storage, and a patio. Construction is wood siding, with a shingle roof and electric heating. Cooling includes central air plus window/wall units, and interior features include a living room/dining room combo. Public water and public sewer are available, and cable is available.
The building includes a cooktop and refrigerator, along with flooring such as carpet, parquet wood, and ceramic tile. Rooms include the two bedrooms and dining room on the upper level layout, plus corresponding bathrooms and bedrooms listed in the plan set.
The property sits on a 0.07-acre lot and contains 1,144 SF. Zoning is R-2B/T/HP. Exterior features include a courtyard, garden, storage, and a patio. Construction is wood siding, with a shingle roof and electric heating. Cooling includes central air plus window/wall units, and interior features include a living room/dining room combo. Public water and public sewer are available, and cable is available.
The building includes a cooktop and refrigerator, along with flooring such as carpet, parquet wood, and ceramic tile. Rooms include the two bedrooms and dining room on the upper level layout, plus corresponding bathrooms and bedrooms listed in the plan set.
Key Highlights
- Roof replaced in 2025
- Vacant and fully gutted inside with approved plans included
- Upper unit: 2‑bedroom, 1‑bath; lower unit: 1‑bedroom, 1‑bath
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
$16,230
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
4.06%
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%
$324,600
$324.6K
Cap Rate 7%
$231,857
$231.9K
Cap Rate 9%
$180,333
$180.3K
Market Conditions
NOI Build-Up for 1,144 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
$24.7K $21.60/SF
− Vacancy
−$1.5K −$1.33/SF
EGI
$23.2K $20.27/SF
− OpEx
−$7.0K −$6.08/SF
NOI
$16.2K $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%
$324,600
Cap Rate 7%
$231,857
Cap Rate 9%
$180,333
Alternative Uses
Best Use
Multifamily LT 5
$231.9K
$202.9K – $270.5K
NOI $16,230 @ 7.0% cap · market cap 4.06%
Second Best
Apartment 5plus
$211.8K
$185.3K – $247.1K
NOI $14,825 @ 7.0% cap · market cap 3.71%
Theoretical Best
Office A
$368.5K
$322.5K – $430.0K
NOI $25,797 @ 7.0% cap · market cap 6.45%
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
5,728
Businesses Nearby
Explore this area
Business Placement
Demographics for 32801, FL
17,728
Population
12,133
Households
1.5
Avg Household Size
36
Median Age
63%
College-Educated
95%
High-School Grad
2.2 sq mi
ZIP Area
8,058
Density / Sq Mi
$77,626
Median Household Income
$63,090
Median Earnings
$1,773
Median Rent
$397,600
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 - Vacant duplex with roof replaced in 2025 and two units: 2-bed/1-bath upstairs and 1-bed/1-bath downstairs.
Where is this duplex located?
The property is located at 200 & 200 1/2 HIBISCUS Court Orlando, FL.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Roof replaced in 2025; Vacant and fully gutted inside with approved plans included; Upper unit: 2‑bedroom, 1‑bath; lower unit: 1‑bedroom, 1‑bath
