Furnished Duplex with Screened
New
For Sale
$899,000
236 EMORY PL, Orlando, FL 32804
Permitted two-unit property with updated kitchens, private outdoor areas, and dedicated parking for each residence.
Property Size1,830 SF
Price / SF$491.26
Days on Market6
Property Features for 236 EMORY PL
General Information
Standard status
Active
Size
1,830 SF
Property subtype
Half Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Furnished
Yes
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$7,158
Building Details
Building Size
1,830 SF
Year Built
1960
Buildings
1
Stories
1
Construction
block
Listing Agency:
DALTON WADE INC
Listed By:
Joseph Colyer · License #3246185
(407) 388-8800
Source:
Novaorlando
Added: Aug 31
Changed: Sep 4
Last Checked: Sep 5 at 7:04AM
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 DALTON WADE INC
Investment Insights
Based on property information with market context.
This single-story duplex contains approximately 1,830+/- square feet across two furnished residences. The front home at 236 Emory Pl offers approximately 980 square feet, while the rear home at 234 Emory Pl contains approximately 850 square feet. Each unit includes two bedrooms, one bathroom, a custom kitchen with 42-inch shaker cabinetry, quartz counters, tile backsplash, and Frigidaire stainless steel appliances. Screened porches, bonus rooms, laundry areas, central AC, custom finishes, and storage features serve both residences.
The 1960 property has solid block construction with fiber-cement siding, updated exterior components, new paint, and a new wood fence. Driveway improvements provide 2+ parking spaces per unit, while new plumbing and lighting fixtures update the interiors. Located in College Park, the property is approximately .5 miles from I-4 and near Publix, neighborhood restaurants and shops, Advent Hospital, downtown Orlando, and Winter Park. The Orlando location also places the duplex near Princeton Elementary, College Park Middle School, Edgewater High School, and Rollins University.
The 1960 property has solid block construction with fiber-cement siding, updated exterior components, new paint, and a new wood fence. Driveway improvements provide 2+ parking spaces per unit, while new plumbing and lighting fixtures update the interiors. Located in College Park, the property is approximately .5 miles from I-4 and near Publix, neighborhood restaurants and shops, Advent Hospital, downtown Orlando, and Winter Park. The Orlando location also places the duplex near Princeton Elementary, College Park Middle School, Edgewater High School, and Rollins University.
Key Highlights
- Two‑unit duplex with 1830+/- square feet of total living area
- Front unit: 980 Sq. Ft. plus 285 Sq. Ft. screened porch
- Back unit: 850 Sq. Ft. plus 185 Sq. Ft. screened porch
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
$25,962
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
2.89%
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%
$519,240
$519.2K
Cap Rate 7%
$370,886
$370.9K
Cap Rate 9%
$288,467
$288.5K
Market Conditions
NOI Build-Up for 1,830 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
$39.5K $21.60/SF
− Vacancy
−$2.4K −$1.33/SF
EGI
$37.1K $20.27/SF
− OpEx
−$11.1K −$6.08/SF
NOI
$26.0K $14.19/SF
Area
Orlando, FL
Vacancy
6.17%
Lease Rate
$21.60 /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%
$519,240
Cap Rate 7%
$370,886
Cap Rate 9%
$288,467
Alternative Uses
Best Use
Multifamily LT 5
$370.9K
$324.5K – $432.7K
NOI $25,962 @ 7.0% cap · market cap 2.89%
Second Best
Apartment 5plus
$338.8K
$296.4K – $395.3K
NOI $23,715 @ 7.0% cap · market cap 2.64%
Theoretical Best
Office A
$589.5K
$515.8K – $687.8K
NOI $41,265 @ 7.0% cap · market cap 4.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,960
Businesses Nearby
Explore this area
Business Placement
Demographics for 32804, FL
19,084
Population
10,127
Households
1.9
Avg Household Size
40
Median Age
61%
College-Educated
97%
High-School Grad
7.2 sq mi
ZIP Area
2,651
Density / Sq Mi
$113,466
Median Household Income
$61,227
Median Earnings
$1,717
Median Rent
$498,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Permitted two-unit property with updated kitchens, private outdoor areas, and dedicated parking for each residence.
Where is this duplex located?
The property is located at 236 EMORY PL Orlando, FL.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Two‑unit duplex with 1830+/- square feet of total living area; Front unit: 980 Sq. Ft. plus 285 Sq. Ft. screened porch; Back unit: 850 Sq. Ft. plus 185 Sq. Ft. screened porch
