Three-Bedroom Duplex
New
For Sale
$329,999
214 W 15TH Street, Apopka, FL 32703
Residential, APOPKA, FL
Property Size1,560 SF
Lot Size0.28 Acres
Price / SF$211.54
Days on Market6
Property Features for 214 W 15TH Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-3
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Family Room, Bedroom 2, Bedroom 3, Bathroom 1
Interior features
Kitchen/Family Room Combo, Open Floorplan, Primary Bedroom Main Floor, Thermostat
Exterior features
Lighting, Sliding Doors, Storage
Appliances
Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
Subdivision
CUMBIES 1ST ADD
Elementary school
Wheatley Elem
Middle school
Wolf Lake Middle
High school
Apopka High
Directions
From 429, take exit 29, continue on Ocoee Apopka Rd. Turn right onto W 13th St. Turn right onto S Hawthorne Ave. Turn left onto W 15th St and property will be on your right.
Standard status
Active
APN
16-21-28-0000-00-202
Size
1,560 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
UNRECORDED PLAT OF CUMBIES FIRST ADDITION TO APOPKA PORTION OF LOTS 2&3 BLK C, AKA:BEG 756 FT S AND 480 FT E OF NW COR OF SE1/4 OF SEC 16-21-28 TH EAST 60.7 FTTH S0-0-44W 102 FT TH WEST 58.45 FT TH NORTH 102 FT TO POB
Tax Annual Amount
3724
Legal Description
UNRECORDED PLAT OF CUMBIES FIRST ADDITION TO APOPKA PORTION OF LOTS 2&3 BLK C, AKA:BEG 756 FT S AND 480 FT E OF NW COR OF SE1/4 OF SEC 16-21-28 TH EAST 60.7 FTTH S0-0-44W 102 FT TH WEST 58.45 FT TH NORTH 102 FT TO POB
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
open floor plan
quartz countertops
stainless steel appliances
tile flooring
inside laundry room
open lanai
Building Details
Year built
2021
Floors in Building
1
Flooring type
Tile - Ceramic
Building materials
Block
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
LA ROSA REALTY KISSIMMEE
(407) 930-3530
Listed By:
Rousana Figueroa · License #3359584
(407) 334-4517
Added: Aug 16
Changed: Aug 21
Last Checked: Aug 21 at 10:06PM
MLS# S5156037
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 2021 half-duplex property in Apopka provides 1,560 square feet with three bedrooms and two bathrooms. The interior centers on an open arrangement connecting the living, dining, and kitchen areas. Quartz countertops, stainless steel appliances, ceramic tile flooring, and an interior laundry room add practical functionality. The primary bedroom includes an en-suite bathroom with dual vanities and a separate shower.
A covered open lanai extends the living area outdoors, while sliding doors, exterior lighting, and storage contribute to the property’s everyday usability. The 0.28-acre lot has public water and public sewer service. Additional systems include central heating and central air conditioning. The property is zoned R-3 and does not have an HOA.
A covered open lanai extends the living area outdoors, while sliding doors, exterior lighting, and storage contribute to the property’s everyday usability. The 0.28-acre lot has public water and public sewer service. Additional systems include central heating and central air conditioning. The property is zoned R-3 and does not have an HOA.
Key Highlights
- Half‑duplex built in 2021
- 1,560 square feet with 3 bedrooms and 2 bathrooms
- 0.28‑acre lot with R‑3 zoning
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
$20,807
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
6.31%
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%
$416,140
$416.1K
Cap Rate 7%
$297,243
$297.2K
Cap Rate 9%
$231,189
$231.2K
Market Conditions
NOI Build-Up for 1,560 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
$31.8K $20.40/SF
− Vacancy
−$2.1K −$1.35/SF
EGI
$29.7K $19.05/SF
− OpEx
−$8.9K −$5.72/SF
NOI
$20.8K $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 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%
$416,140
Cap Rate 7%
$297,243
Cap Rate 9%
$231,189
Alternative Uses
Best Use
Multifamily LT 5
$297.2K
$260.1K – $346.8K
NOI $20,807 @ 7.0% cap · market cap 6.31%
Second Best
Apartment 5plus
$273.7K
$239.5K – $319.3K
NOI $19,157 @ 7.0% cap · market cap 5.81%
Theoretical Best
Office A
$443.9K
$388.4K – $517.9K
NOI $31,075 @ 7.0% cap · market cap 9.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
236
Businesses Nearby
Explore this area
Business Placement
Demographics for 32703, FL
54,805
Population
22,033
Households
2.5
Avg Household Size
37
Median Age
29%
College-Educated
87%
High-School Grad
32.1 sq mi
ZIP Area
1,707
Density / Sq Mi
$70,338
Median Household Income
$42,031
Median Earnings
$1,579
Median Rent
$314,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - R-3-zoned half-duplex with modern finishes, tile flooring, and no HOA.
Where is this duplex located?
The property is located at 214 W 15TH Street Apopka, FL.
What is the asking price?
The asking price for this property is $329,999.
What are key features of this property?
This property features: Half‑duplex built in 2021; 1,560 square feet with 3 bedrooms and 2 bathrooms; 0.28‑acre lot with R‑3 zoning
