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    Winter Springs Duplex Investment Opportunity Title is generated by Realmo AI

    214 PERTH COURT, Winter Springs, FL 32708

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    For Sale
    $589,900

    Duplex - WINTER SPRINGS, FL

    Type:Duplex
    Property size:
    2,247 SF
    Lot size:
    0.21 Acres
    Price / SF:
    $262/SF
    Added:
    May 12, 2026
    Days on Market:
    2
    Last Refresh:
    May 13 at 4:06 am

    Property Features for 214 PERTH COURT

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Zoning
    PUD
    Bedrooms
    6
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Parking features
    Garage, Garage - Attached
    Pets allowed
    Breed Restrictions
    Interior features
    Ceiling Fans(s), Split Bedroom, Walk-in Closet(s)
    Exterior features
    Fence, Rain Gutters, Sidewalk, Sliding Doors
    Fencing
    Fenced
    Standard status
    Active
    APN
    34-20-30-512-0000-0110
    Size
    2,247 SF
    Lot size
    0.21 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    5200
    Expense value
    67.379997253418
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Monthly

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1980
    Number of units
    2
    Flooring type
    Tile
    Building materials
    Block
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Jeffrey Osborn, Jr

    Listing agent Jeffrey Osborn, Jr License #3298861

    Listing office EXP REALTY LLC 940 Centre Cir #1010, Jacksonville, FL

    Listing date May 12, 2026

    MLS# O6407330 Listing URL

    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.

    HighLights

    • Generates $3,200/month in gross rental income with potential for increased rents.
    • Two spacious 3‑bedroom, 2‑bath units, each with a 2‑car garage and fenced backyard.
    • Recent updates include a new roof (2021), fresh exterior paint (2021), and new HVAC systems (2021). Updated windows, replumbing, updated tile flooring, and freshly painted interiors (2024).
    • Located in the desirable Highlands community of Winter Springs with amenities like walking trails, a waterfront playground, community pool, and clubhouse.
    • Suitable for investors or owner‑occupants, with potential for FHA financing to offset mortgage payments.
    • Thoughtfully designed floor plans with soaring high ceilings create an open and inviting feel.

    Overview

    Located in the Highlands community of Winter Springs, this duplex presents an investment opportunity. The property features two units, each with 3 bedrooms and 2 bathrooms, a 2-car garage, and a fenced backyard. The floor plans are designed to create an open feel, complemented by high ceilings. The property is currently generating a combined gross rental income of $3,200 per month, with tenants responsible for their own utilities. There is potential to increase rents. Recent updates include a new roof and fresh exterior paint in 2021, HVAC systems replaced on both sides in 2021, updated windows, replumbing, updated tile flooring, and freshly painted interiors in 2024. Both bathrooms have been professionally re-glazed. The property is located in a desirable community with walking trails, a waterfront playground, a community pool, and a clubhouse. The property is suitable for investors and owner-occupants, offering possibilities for income generation or for a first-time homebuyer utilizing FHA financing to live in one unit while renting out the other. The property size is 2,247 square feet and the lot size is 0.21 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Winter Springs
    County
    Seminole
    State
    Florida
    Longitude
    -81.311035
    Latitude
    28.7031613

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    FAQs

    What type of property is this?
    Duplex - Rare duplex in desirable community with income potential.
    Where is this duplex located?
    The property is located at 214 PERTH COURT Winter Springs, FL.
    What is the asking price?
    The asking price for this property is $589,900.
    What are key features of this property?
    This property features: Generates $3,200/month in gross rental income with potential for increased rents.; Two spacious 3‑bedroom, 2‑bath units, each with a 2‑car garage and fenced backyard.; Recent updates include a new roof (2021), fresh exterior paint (2021), and new HVAC systems (2021). Updated windows, replumbing, updated tile flooring, and freshly painted interiors (2024).
    (407) 221-7134
    We can help!
    Listing Contact
    Jeffrey Osborn, Jr
    Real Estate License ID: 3298861
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    214 PERTH COURT, WINTER SPRINGS, FL 32708
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