Lakefront 37-Unit Apartment
2222 W SOUTH Street, Orlando, FL 32805
For Sale
$4,500,000
Residential Income, ORLANDO, FL
Property Size19,392 SF
Lot Size6.33 Acres
Price / SF$232.05
Days on Market247
Property Features for 2222 W SOUTH Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Exterior features
Subdivision
View
Directions
Standard status
APN
Size
Lot size
Additional Details
Currently Operating
Individually Metered Utilities
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Water front features
Water front
Building Details
Year built
Number of units
Building materials
Roof type
Listing Agency:
FLORIDA REALTY INVESTMENTS
(407) 207-2220
Listed By:
Tito Urbano Perez · License FL #3470017
(407) 907-0350
Added: Mar 11
Changed: Nov 10
Last Checked: Nov 12 at 8:06AM
MLS# TB8485557
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.
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Investment Insights
Based on property information with market context.
Sunset Apartments is a 37-unit apartment property comprising 36 one-bedroom residences and one two-bedroom residence across 19,392 square feet. The 1960-built community occupies 6.33 acres and includes a courtyard, block construction, shingle roofing, public water, and public sewer. Multiple residences face Sunset Lake, and the property has lake frontage. Renovations were completed over the past two years, while individual units are separately metered for water and electric.
Located in Orlando’s urban core, the property provides access to John Young Parkway, SR-408, Florida’s Turnpike, and I-4. Camping World Stadium is within one mile, with the Kia Center and Inter&Co Stadium a short drive away. The community is zoned R-1A.
Located in Orlando’s urban core, the property provides access to John Young Parkway, SR-408, Florida’s Turnpike, and I-4. Camping World Stadium is within one mile, with the Kia Center and Inter&Co Stadium a short drive away. The community is zoned R-1A.
Key Highlights
- 37‑unit apartment property with 36 one‑bedroom units and 1 two‑bedroom unit
- 6.33‑acre site with 19,392 square feet of property size
- Lake frontage on Sunset Lake with water views from multiple units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$251,303
Cap Rate
5.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,026,060
$5.0M
Cap Rate 7%
$3,590,043
$3.6M
Cap Rate 9%
$2,792,256
$2.8M
Market Conditions
NOI Build-Up for 19,392 SF
Gross rent
$488.7K $25.20/SF
− Vacancy
−$31.8K −$1.64/SF
EGI
$456.9K $23.56/SF
− OpEx
−$205.6K −$10.60/SF
NOI
$251.3K $12.96/SF
Area
Orlando, FL
Vacancy
6.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,026,060
Cap Rate 7%
$3,590,043
Cap Rate 9%
$2,792,256
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 authorities.
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Open Analytics
Lease Details
37
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
955
Businesses Nearby
Explore this area
Business Placement
Demographics for 32805, FL
23,331
Population
9,332
Households
2.5
Avg Household Size
39
Median Age
16%
College-Educated
78%
High-School Grad
6.8 sq mi
ZIP Area
3,431
Density / Sq Mi
$39,425
Median Household Income
$29,592
Median Earnings
$1,112
Median Rent
$226,100
Median Home Value
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Market
Properties on Market for Apartment buildings in Orlando
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Renovated multifamily property with separately metered water and electric.
Where is this apartment building located?
The property is located at 2222 W SOUTH Street 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 apartment property with 36 one‑bedroom units and 1 two‑bedroom unit; 6.33‑acre site with 19,392 square feet of property size; Lake frontage on Sunset Lake with water views from multiple units
