Income-Producing
For Sale
$435,000
208 3RD Street, Winter Garden, FL 34787
Residential Income, WINTER GARDEN, FL
Property Size1,750 SF
Lot Size0.22 Acres
Price / SF$248.57
Days on Market48
Property Features for 208 3RD Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-2
Interior features
Split Bedroom
Fireplace
1
Subdivision
TWIN CITY DEV CO SUB
Elementary school
Dillard Street Elem
Middle school
Lakeview Middle
High school
West Orange High
Directions
travel east toward Winter Garden via W Colonial Dr/SR-50. Continue east, turn left onto S Park Ave, then turn right onto W Story Rd and left onto 3rd St. Continue to 208 3rd St; property will be on your right.
Standard status
Active
APN
23-22-27-8816-13-110
Size
1,750 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
TWIN CITY DEVELOPMENT CO SUB E/26 LOT 11& LOT 12 (LESS S 25 FT) BLK 13
Tax Annual Amount
2608
Legal Description
TWIN CITY DEVELOPMENT CO SUB E/26 LOT 11& LOT 12 (LESS S 25 FT) BLK 13
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Building Details
Year built
1925
Building materials
Vinyl Siding
Roof type
Shingle
Listing Agency:
COMPASS FLORIDA LLC
(407) 203-9441
Listed By:
Ahmad Hassan, PA · License #3305257
(718) 641-9358
Added: Aug 20
Changed: Aug 22
Last Checked: Oct 6 at 9:06PM
MLS# O6435218
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 1,750-square-foot residential property was built in 1925 and currently has eight rented rooms. The improvements include split-bedroom interiors, central air, vinyl siding, a shingle roof, and a fireplace. The site is fully fenced and served by public water and public sewer, with no HOA and R-2 zoning.
The property occupies approximately 0.22 acres, including a 75-foot by 125-foot lot and more than 9,500 square feet of land. Its Winter Garden setting places it 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. Any future expansion or redevelopment would remain subject to applicable zoning requirements and City approvals.
The property occupies approximately 0.22 acres, including a 75-foot by 125-foot lot and more than 9,500 square feet of land. Its Winter Garden setting places it 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. Any future expansion or redevelopment would remain subject to applicable zoning requirements and City approvals.
Key Highlights
- Eight rooms currently rented
- Approximately 0.22 acres with a 75' x 125' lot
- 1,750 SF residential property built in 1925
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.
Property Analytics
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Current Use
Lease Details
8
Residential units
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 - Occupied residential property with R-2 zoning, public utilities, and a fully fenced yard near downtown Winter Garden.
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; Approximately 0.22 acres with a 75' x 125' lot; 1,750 SF residential property built in 1925
