Furnished
For Sale
$849,900
236 EMORY Place, Orlando, FL 32804
Residential Income, ORLANDO, FL
Property Size1,830 SF
Lot Size0.17 Acres
Price / SF$464.43
Days on Market18
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
Bedroom 2, Bathroom 1, Dining Room, Bedroom 3, Bedroom 4, Bathroom 2, Bedroom 1
Parking features
Off Street, Assigned, Driveway
Window features
Double Pane Windows, Insulated Windows
Patio and Porch features
Deck, Porch, Patio
Pets allowed
Yes
Interior features
Ceiling Fans(s), Eat-in Kitchen, L Dining, Pest Guard System, Primary Bedroom Main Floor, Solid Wood Cabinets, Stone Counters, Thermostat, Window Treatments
Exterior features
Fence, Fire Pit, Private Entrance, Private Yard, Rain Gutters, Sidewalk, Storage
Fencing
Fenced
Appliances
Convection Oven, Dishwasher, Dryer, Electric Water Heater, Exhaust Fan, Freezer, 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
Turn north onto Helen off of Princeton and then east onto Emory Pl. It will be the second home on the south side of the road.
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
Utilities
Phone Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Heat Pump (Heating)
Cooling system
Central Air
Water source
Public
Amenities
custom kitchens
quartz countertops
stainless steel appliances
shiplap ceilings
central air conditioning
washer/dryer
screened porches
epoxy flooring
ceiling fans
fiber-cement siding
privacy fence
Building Details
Year built
1960
Floors in Building
1
Number of units
2
Flooring type
Tile - Ceramic
Building materials
Block, HardiPlank Type
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
DALTON WADE INC
(888) 668-8283
Listed By:
Joseph Colyer · License #3246185
(407) 388-8800
Added: Sep 14
Changed: Oct 1
Last Checked: Oct 1 at 8:06PM
MLS# V4951284
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 front-to-rear duplex contains two fully furnished residences, each with two bedrooms, one bathroom, a private entrance, central air conditioning, and a full-size washer and dryer. The front home measures approximately 980 square feet and the rear home approximately 850 square feet. Together, they provide 1,830 square feet of living area and 470 square feet of screened porch space. Both units have custom kitchens with quartz counters, shaker cabinetry, tile backsplashes, and stainless-steel appliances. Renovation work also includes updated plumbing and lighting, tile floors, and Craftsman-style doors. The property is vacant, with no existing tenant leases. R-2A/T/W zoning applies.
The 0.17-acre site has a fenced backyard, separate outdoor areas, and driveway parking for both residences. Exterior improvements include fiber-cement siding, gutters, and a replaced driveway. The property was built in 1960. Edgewater Drive, Princeton Elementary, AdventHealth, Downtown Orlando, and Winter Park are identified nearby; shopping, dining, and major transportation routes are also noted in the surrounding area.
The 0.17-acre site has a fenced backyard, separate outdoor areas, and driveway parking for both residences. Exterior improvements include fiber-cement siding, gutters, and a replaced driveway. The property was built in 1960. Edgewater Drive, Princeton Elementary, AdventHealth, Downtown Orlando, and Winter Park are identified nearby; shopping, dining, and major transportation routes are also noted in the surrounding area.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom; 1,830 square feet combined
- Approximately 980‑square‑foot front home and 850‑square‑foot rear home
- Screened porches total approximately 470 square feet: 285 square feet at the front and 185 at the rear
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
3.05%
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 3.05%
Second Best
Apartment 5plus
$338.8K
$296.4K – $395.3K
NOI $23,715 @ 7.0% cap · market cap 2.79%
Theoretical Best
Office A
$589.5K
$515.8K – $687.8K
NOI $41,265 @ 7.0% cap · market cap 4.86%
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two vacant homes have separate entrances, private screened porches, and independent laundry facilities.
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 $849,900.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; 1,830 square feet combined; Approximately 980‑square‑foot front home and 850‑square‑foot rear home; Screened porches total approximately 470 square feet: 285 square feet at the front and 185 at the rear
