Renovated Furnished
For Sale
$879,900
236 Emory Place, Orlando, FL 32804
Vacant two-residence property with updated interiors, private screened porches, separate entrances, and included furnishings.
Property Size1,830 SF
Price / SF$480.82
Days on Market16
Property Features for 236 Emory Place
General Information
Standard status
Active
Size
1,830 SF
Property subtype
Multi-family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Furnished
Yes
Amenities
central air conditioning
full-size washer and dryer
private entrance
screened porch
flexible office/lounge space
Building Details
Year Built
1960
Buildings
1
Listing Agency:
DALTON WADE INC
Listed By:
Joseph Colyer · License #3246185
(407) 388-8800
Source:
Realtygroupfl
Added: Sep 8
Changed: Sep 21
Last Checked: Sep 22 at 5:21PM
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 fully renovated duplex at 236 Emory Place in Orlando provides approximately 1,830 square feet of conditioned living space across two residences, plus approximately 470 square feet of screened outdoor areas. Built in 1960, the property includes two 2-bedroom, 1-bath units, each with a custom kitchen, quartz countertops, 42-inch shaker cabinetry, stainless-steel appliances, central air conditioning, a full-size washer and dryer, office or lounge space, and a private entrance. The front residence contains approximately 980 square feet, while the rear residence offers approximately 850 square feet.
Both residences are delivered vacant with no existing tenant leases, and furnishings are included. Exterior improvements include fiber-cement siding, updated fascia, soffits, gutters, downspouts, a privacy fence, separate outdoor areas, and a replaced driveway providing parking for both residences. A new roof will be installed before closing. The property is near Edgewater Drive, AdventHealth, Downtown Orlando, Winter Park, shopping, dining, and major transportation routes.
Both residences are delivered vacant with no existing tenant leases, and furnishings are included. Exterior improvements include fiber-cement siding, updated fascia, soffits, gutters, downspouts, a privacy fence, separate outdoor areas, and a replaced driveway providing parking for both residences. A new roof will be installed before closing. The property is near Edgewater Drive, AdventHealth, Downtown Orlando, Winter Park, shopping, dining, and major transportation routes.
Key Highlights
- Two 2‑bedroom, 1‑bath residences with private entrances
- Approximately 1,830 square feet of conditioned living space
- Approximately 470 square feet of screened outdoor living
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
2.95%
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 2.95%
Second Best
Apartment 5plus
$338.8K
$296.4K – $395.3K
NOI $23,715 @ 7.0% cap · market cap 2.70%
Theoretical Best
Office A
$589.5K
$515.8K – $687.8K
NOI $41,265 @ 7.0% cap · market cap 4.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Vacant two-residence property with updated interiors, private screened porches, separate entrances, and included furnishings.
Where is this duplex located?
The property is located at 236 Emory Place Orlando, FL.
What is the asking price?
The asking price for this property is $879,900.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath residences with private entrances; Approximately 1,830 square feet of conditioned living space; Approximately 470 square feet of screened outdoor living
