Two-Bedroom Duplex
For Sale
$249,900
239 ALSTON Drive, Orlando, FL 32835
Residential, ORLANDO, FL
Property Size1,007 SF
Lot Size0.13 Acres
Price / SF$248.16
Days on Market32
Property Features for 239 ALSTON Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
P-D
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Dining Room, Bedroom 1, Bathroom 1, Bedroom 2
Window features
Blinds
Patio and Porch features
Porch
Interior features
Ceiling Fans(s), Living Room/Dining Room Combo, Window Treatments
Exterior features
Rain Gutters
Appliances
Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
Subdivision
OAK MDWS PD PH III UN #II
Lot features
City Limits, In County, Sidewalk, Paved
Directions
From Old Winter Garden Road go to Dorscher Rd, Alston Dr, 3rd street on the right.
Standard status
Active
APN
26-22-28-6044-00-265
Size
1,007 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
OAK MEADOWS PD PHASE 3 UNIT 2 17/134 LOT26B
Tax Annual Amount
3383
Legal Description
OAK MEADOWS PD PHASE 3 UNIT 2 17/134 LOT26B
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1989
Floors in Building
1
Flooring type
Laminate, Tile - Ceramic
Building materials
Block, Frame
Roof type
Shingle
Listing Agency:
CHARLES RUTENBERG REALTY ORLANDO
(407) 622-2122
Listed By:
Lucia Kronenberg · License #3041695
(407) 701-3493
Added: Aug 14
Changed: Sep 12
Last Checked: Sep 14 at 12:06AM
MLS# O6433614
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 1,007-square-foot half-duplex includes two bedrooms, two bathrooms, a kitchen with an eat-in area, and a one-car garage. Interior features include a living room and dining room combination, ceiling fans, window treatments, laminate and ceramic tile flooring, central heating, and central air. The kitchen is equipped with a dishwasher, microwave, range, refrigerator, washer, and dryer. Built in 1989, the property also offers a porch, rain gutters, shingle roofing, and block and frame construction.
The 0.13-acre property is tenant occupied and has no HOA. It is zoned P-D and served by public water and a septic tank, with cable available. The home is near Metrowest, major highways, schools, Valencia College, shopping, and area attractions.
The 0.13-acre property is tenant occupied and has no HOA. It is zoned P-D and served by public water and a septic tank, with cable available. The home is near Metrowest, major highways, schools, Valencia College, shopping, and area attractions.
Key Highlights
- 2‑bedroom, 2‑bath half‑duplex
- 1,007 square feet on 0.13 acres
- Tenant occupied with no HOA
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
$14,286
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
5.72%
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%
$285,720
$285.7K
Cap Rate 7%
$204,086
$204.1K
Cap Rate 9%
$158,733
$158.7K
Market Conditions
NOI Build-Up for 1,007 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
$21.8K $21.60/SF
− Vacancy
−$1.3K −$1.33/SF
EGI
$20.4K $20.27/SF
− OpEx
−$6.1K −$6.08/SF
NOI
$14.3K $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%
$285,720
Cap Rate 7%
$204,086
Cap Rate 9%
$158,733
Alternative Uses
Best Use
Multifamily LT 5
$204.1K
$178.6K – $238.1K
NOI $14,286 @ 7.0% cap · market cap 5.72%
Second Best
Apartment 5plus
$186.4K
$163.1K – $217.5K
NOI $13,050 @ 7.0% cap · market cap 5.22%
Theoretical Best
Office A
$324.4K
$283.8K – $378.5K
NOI $22,707 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
641
Businesses Nearby
Explore this area
Business Placement
Demographics for 32835, FL
45,380
Population
19,377
Households
2.3
Avg Household Size
36
Median Age
41%
College-Educated
92%
High-School Grad
9.4 sq mi
ZIP Area
4,828
Density / Sq Mi
$70,183
Median Household Income
$38,953
Median Earnings
$1,764
Median Rent
$333,000
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Tenant-occupied home with two baths, an eat-in kitchen area, and a one-car garage.
Where is this duplex located?
The property is located at 239 ALSTON Drive Orlando, FL.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 2‑bedroom, 2‑bath half‑duplex; 1,007 square feet on 0.13 acres; Tenant occupied with no HOA
