Furnished Duplex with Screened
New
For Sale
$899,000
236 EMORY Place, Orlando, FL 32804
Residential, ORLANDO, FL
Property Size1,830 SF
Lot Size0.17 Acres
Price / SF$491.26
Days on Market3
Property Features for 236 EMORY Place
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-2A/T/W
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 4, Bedroom 1, Bedroom 2, Family Room, Bathroom 2, Office, Bedroom 3
Parking features
Oversize, Driveway
Window features
Insulated Windows, Double Pane Windows, Blinds
Interior features
Ceiling Fans(s), Eat-in Kitchen, Kitchen/Family Room Combo, Open Floorplan, Pest Guard System, Primary Bedroom Main Floor, Solid Surface Counters, Solid Wood Cabinets, Thermostat, Wet Bar, Window Treatments
Exterior features
Courtyard, Fire Pit, Private Yard, Rain Gutters, Sidewalk, Storage
Accessibility
Accessible Approach with Ramp
Appliances
Bar Fridge, Dishwasher, Dryer, Electric Water Heater, Exhaust Fan, Ice Maker, Microwave, Range, Range Hood, Refrigerator, Washer, Wine Refrigerator
Subdivision
MIRAMAR
Elementary school
Princeton Elem
Middle school
College Park Middle
High school
Edgewater High
Directions
North off of Princeton onto Helen, then east onto Emory Pl.
Standard status
Active
APN
14-22-29-5684-04-140
Size
1,830 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
MIRAMAR J/120 LOT 14 BLK D
Tax Annual Amount
7158
Legal Description
MIRAMAR J/120 LOT 14 BLK D
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1960
Floors in Building
1
Flooring type
Tile - Ceramic
Building materials
Cement Siding
Roof type
Shingle
Architectural style
Other
Additional Structures
Storage
Listing Agency:
DALTON WADE INC
(888) 668-8283
Listed By:
Joseph Colyer
(407) 388-8800
Added: Aug 31
Changed: Sep 1
Last Checked: Sep 2 at 9:06AM
MLS# V4951041
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 single-story duplex contains two furnished, permitted residences totaling approximately 1,830 square feet on a 0.17-acre lot. The front unit offers about 980 square feet, while the rear unit provides approximately 850 square feet; each includes two bedrooms and one bathroom. Both residences feature custom kitchens with 42-inch shaker cabinetry, quartz counters, tile backsplashes, and Frigidaire stainless steel appliances. Interior improvements include ceramic tile flooring, updated plumbing and lighting fixtures, central AC, laundry rooms with full-size washers and dryers, office and lounge areas, and larger closets.
Outdoor features include screened porches adjoining both units, with epoxy flooring, wood ceilings, lap siding, storage closets, and high-efficiency fans. The property also includes a fenced yard, water closets with new water heaters, gutters, downspouts, and a shingle roof scheduled for replacement before closing. The driveway accommodates more than two parking spaces per unit. Public water and sewer serve the property, which is zoned R-2A/T/W and located approximately 0.5 miles from I-4, near College Park shops and restaurants, Advent Hospital, downtown Orlando, and historic Winter Park.
Outdoor features include screened porches adjoining both units, with epoxy flooring, wood ceilings, lap siding, storage closets, and high-efficiency fans. The property also includes a fenced yard, water closets with new water heaters, gutters, downspouts, and a shingle roof scheduled for replacement before closing. The driveway accommodates more than two parking spaces per unit. Public water and sewer serve the property, which is zoned R-2A/T/W and located approximately 0.5 miles from I-4, near College Park shops and restaurants, Advent Hospital, downtown Orlando, and historic Winter Park.
Key Highlights
- Two‑unit duplex with approximately 1,830 square feet on a 0.17‑acre lot
- Front residence: approximately 980 square feet; rear residence: approximately 850 square feet
- Each unit includes 2 bedrooms, 1 bathroom, a custom kitchen, laundry room, office, and lounge area
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 - Two updated residential units offer custom kitchens, private outdoor areas, and dedicated parking in College Park.
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 $899,000.
What are key features of this property?
This property features: Two‑unit duplex with approximately 1,830 square feet on a 0.17‑acre lot; Front residence: approximately 980 square feet; rear residence: approximately 850 square feet; Each unit includes 2 bedrooms, 1 bathroom, a custom kitchen, laundry room, office, and lounge area
