Multifamily Investment Opportunity in
2222 W South St, Orlando, FL 32805
37-unit multifamily property with value-add potential in Downtown Orlando.
Type:Multifamily
Property size:
19,392 SFLot size:
6.33 AcresPrice / SF:
$232/SF- Added:
- Mar 10, 2026
- Days on Market:
- 86
- Last Refresh:
- Mar 19 at 10:31 pm
Property Features for 2222 W South St
General Information
- Standard status
- Active
- Size
- 19,392 SF
- Lot size
- 6.33 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1960
Listing agent Jose Sifontes License #SL3619366
Listing office The Apartment Brokers
Listing date Mar 10, 2026
Source Crexi
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 The Apartment Brokers
HighLights
- 37‑unit multifamily property in Downtown Orlando.
- Value‑add opportunity through below‑market rents.
- $300,000 in renovations completed in the past two years.
- Sits on 6.33 acres, offering potential for future development or expansion.
- Multiple units offer attractive water views of Sunset Lake.
- Units are separately metered for water and electric.
Overview
This 37-unit multifamily property in Downtown Orlando features 36 one-bedroom units and 1 two-bedroom unit. Situated on 6.33 acres, the property offers potential for future development or expansion. Approximately $300,000 has been invested in renovations over the past two years. Select units offer views of Sunset Lake. The property's total size is 19392 square feet. The units are separately metered for water and electric. The property currently operates with below-market rents, presenting a value-add opportunity through future rent growth.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $488.7k | $25.20 |
| − Vacancy | −$31.8k | −$1.64 |
| EGI | $456.9k | $23.56 |
| − OpEx | −$205.6k | −$10.60 |
| NOI | $251.3k | $12.96 |
19,392 SF · lease $25.20/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$3.59M
$3.14M – $4.19M
NOI $251,303 @ 7.0% cap · market cap 5.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.25M
$5.47M – $7.29M
NOI $437,279 @ 7.0% cap · market cap 9.72%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Orlando
- County
- Brevard
- State
- Florida
- Longitude
- -81.410447
- Latitude
- 28.538301
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 37-unit multifamily property with value-add potential in Downtown Orlando.
Where is this apartment building located?
The property is located at 2222 W South St Orlando, FL.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 37‑unit multifamily property in Downtown Orlando.; Value‑add opportunity through below‑market rents.; $300,000 in renovations completed in the past two years.
