Fenced Duplex
For Sale
$435,000
208 3RD STREET, Winter Garden, FL 34787
Eight occupied rooms support an established residential income operation with city utilities and R-2 zoning.
Property Size1,750 SF
Lot Size0.22 Acres
Price / SF$248.57
Days on Market56
Property Features for 208 3RD STREET
General Information
Standard status
Active
Size
1,750 SF
Lot size
0.22 Acres
Property subtype
Duplex
Zoning
R-2
Occupancy
100%
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Gross Income
$74,100
Multifamily Units
8
Building Details
Year Built
1925
Tenancy
Multi
Listing Agency:
COMPASS FLORIDA LLC
(407) 203-9441
Listed By:
Ahmad Hassan, PA · License #3305257
(718) 641-9358
Source:
Dennisrealty
Added: Aug 20
Changed: Oct 13
Last Checked: Oct 12 at 7:16PM
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 COMPASS FLORIDA LLC
Investment Insights
Based on property information with market context.
This 1,750-square-foot duplex property, built in 1925, contains eight rooms that are currently rented and occupied. The site is fully fenced and includes substantial yard area, city water, and city sewer. R-2 zoning and the absence of an HOA provide a defined regulatory and ownership framework, with any future expansion or redevelopment subject to applicable requirements and City approvals.
The property occupies approximately 0.22 acres with a 75' x 125' lot configuration and 9,500+ SF of land. It is located a few blocks from Historic Downtown Winter Garden, Plant Street, the West Orange Trail, shops, restaurants, and the farmers market. SR-429, Florida's Turnpike, and Lake Apopka are also nearby.
The property occupies approximately 0.22 acres with a 75' x 125' lot configuration and 9,500+ SF of land. It is located a few blocks from Historic Downtown Winter Garden, Plant Street, the West Orange Trail, shops, restaurants, and the farmers market. SR-429, Florida's Turnpike, and Lake Apopka are also nearby.
Key Highlights
- Eight rooms currently rented and occupied
- 1,750 SF duplex property built in 1925
- Approximately 0.22 acres with a 9,500+ SF Lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,341
Cap Rate
5.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$466,820
$466.8K
Cap Rate 7%
$333,443
$333.4K
Cap Rate 9%
$259,344
$259.3K
Market Conditions
NOI Build-Up for 1,750 SF
Gross rent
$35.7K $20.40/SF
− Vacancy
−$2.4K −$1.35/SF
EGI
$33.3K $19.05/SF
− OpEx
−$10.0K −$5.72/SF
NOI
$23.3K $13.34/SF
Area
Orange County, FL
Vacancy
6.60%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$466,820
Cap Rate 7%
$333,443
Cap Rate 9%
$259,344
Alternative Uses
Best Use
Multifamily LT 5
$333.4K
$291.8K – $389.0K
NOI $23,341 @ 7.0% cap · market cap 5.37%
Second Best
Apartment 5plus
$307.0K
$268.6K – $358.2K
NOI $21,491 @ 7.0% cap · market cap 4.94%
Theoretical Best
Office A
$498.0K
$435.8K – $581.0K
NOI $34,860 @ 7.0% cap · market cap 8.01%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
8
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,347
Businesses Nearby
Explore this area
Business Placement
Demographics for 34787, FL
88,636
Population
33,141
Households
2.7
Avg Household Size
36
Median Age
49%
College-Educated
94%
High-School Grad
67.3 sq mi
ZIP Area
1,317
Density / Sq Mi
$114,988
Median Household Income
$53,995
Median Earnings
$1,994
Median Rent
$475,000
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
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Frequently Asked Questions
What type of property is this?
Duplex - Eight occupied rooms support an established residential income operation with city utilities and R-2 zoning.
Where is this duplex located?
The property is located at 208 3RD STREET Winter Garden, FL.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Eight rooms currently rented and occupied; 1,750 SF duplex property built in 1925; Approximately 0.22 acres with a 9,500+ SF Lot
