Six-Unit Apartment
2407 NEWBERRY STREET #6 Orlando, FL 32806
New
2407 NEWBERRY STREET #6, Orlando, FL, 32806
$1,139,000
For Sale
$1,139,000
Six two-bedroom, one-bath residences positioned near major Orlando healthcare employers and highways.
Property Size5,766 SF
Price / SF$197.54
Days on Market5
Property Features for 2407 NEWBERRY STREET #6
General Information
- Standard status
- Active
- Size
- 5,766 SF
- Property subtype
- Quadruplex
Building Details
- Year Built
- 1981
Listing Agency
COLDWELL BANKER REALTY
(407) 647-1211
Listed by
Edward Johnston · License #366102
Source
Endlesssummerrealty
Added: Jul 17 Updated: Jul 20 at 4:50 am Checked: Jul 20 at 4:50 am
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 COLDWELL BANKER REALTY
Investment Insights
Based on property information with market context.
This six-unit apartment building offers a straightforward multifamily setup with six two-bedroom, one-bath residences. The community is presented as a residential income property and is currently occupied by tenants.
The property is located in downtown Orlando with proximity to Orlando Health, AdventHealth, Winnie Palmer Hospital, and the SODO and Hourglass District areas. Access to major regional routes is described via SR-408 and I-4.
From an operating perspective, the unit mix is consistent across all six residences, which can simplify leasing and rent management for an owner looking for a small, manageable portfolio asset.
The property is located in downtown Orlando with proximity to Orlando Health, AdventHealth, Winnie Palmer Hospital, and the SODO and Hourglass District areas. Access to major regional routes is described via SR-408 and I-4.
From an operating perspective, the unit mix is consistent across all six residences, which can simplify leasing and rent management for an owner looking for a small, manageable portfolio asset.
Key Highlights
- Six‑unit multifamily building built in 1981
- Unit mix: six spacious 2‑bedroom, 1‑bath residences
- Projected market rent: $1,750 per month per unit
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $145.3k | $25.20 |
| − Vacancy | −$9.4k | −$1.64 |
| EGI | $135.9k | $23.56 |
| − OpEx | −$61.1k | −$10.60 |
| NOI | $74.7k | $12.96 |
5,766 SF · lease $25.20/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.07M
$934.0K – $1.25M
NOI $74,722 @ 7.0% cap · market cap 6.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.86M
$1.63M – $2.17M
NOI $130,020 @ 7.0% cap · market cap 11.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Six two-bedroom, one-bath residences positioned near major Orlando healthcare employers and highways.
Where is this apartment building located?
The property is located at 2407 NEWBERRY STREET #6 Orlando, FL.
What is the asking price?
The asking price for this property is $1,139,000.
What are key features of this property?
This property features: Six‑unit multifamily building built in 1981; Unit mix: six spacious 2‑bedroom, 1‑bath residences; Projected market rent: $1,750 per month per unit
