Maintained Duplex Property with Updated
For Sale
$225,000
2434 N Orangewood Street, Avon Park, FL 33825
Residential, Single Story, Avon Park, FL
Property Size2,190 SF
Lot Size0.14 Acres
Price / SF$102.74
Days on Market79
Property Features for 2434 N Orangewood Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R2FUD
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1
Parking features
Garage
Patio and Porch features
Patio
Interior features
Blinds, Cable TV Available, Cathedral Ceilings, Ceiling Fans, Skylight
Exterior features
Central Irrigation, Patio, Stucco
Appliances
Dishwasher, Dryer, Microwave, Refrigerator(s), Stove(s) / Range(s) Oven(s), Washer, Wtr Heater-Electric
Directions
From US-27 and Main St in Avon Park. Head North on US-27 to Left on W Allamanda Blvd to left on Orangewood St. Home will you on your left.
Standard status
Active
APN
C-04-33-28-045-0000-42B0
Size
2,190 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ORANGEWOOD ACRES UNIT 6 PB 16 PG 18 LOT 42B
Tax Annual Amount
2983
HOA Fee
$90 Monthly
Legal Description
ORANGEWOOD ACRES UNIT 6 PB 16 PG 18 LOT 42B
Utilities
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Amenities
screened swimming pool
clubhouse
shuffleboard courts
Building Details
Year built
2005
Floors in Building
1
Flooring type
Laminate, Tile, Carpet
Building materials
Concrete Block
Roof type
Shingle
Architectural style
Other
Listing Agency:
RE/MAX REALTY PLUS · RE/MAX International
(863) 385-0077
Listed By:
Eric Rhoades · License #3409582
(863) 381-1096
Added: Jun 15
Changed: Aug 19
Last Checked: Sep 1 at 4:06PM
MLS# 325998
Copyright © 2026 Heartland Multiple Listing Service, Inc. 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 well-maintained duplex property offers 2 bedrooms and 2 bathrooms within a 2,190-square-foot residence built in 2005. The interior includes a granite kitchen with center island seating, multi-level cabinetry, an 8' x 12' walk-in pantry, and adjoining living and family or flex areas. The primary suite has two closets, including a walk-in closet, plus an en-suite bathroom with dual vanities and a walk-in shower. A second bedroom is positioned near the guest bathroom. Interior features include cathedral ceilings, a skylight, ceiling fans, laminate, tile, and carpet flooring.
Recent improvements include a metal roof installed in 2023 and a central air-conditioning system added in 2021. Additional features include a whole-house generator, screened garage door, patio, central irrigation, stucco exterior, concrete block construction, and a garage. The property is located in Orangewood Acres at 2434 N Orangewood Street, Avon Park, FL 33825, with access to a screened swimming pool, clubhouse, and shuffleboard courts.
Recent improvements include a metal roof installed in 2023 and a central air-conditioning system added in 2021. Additional features include a whole-house generator, screened garage door, patio, central irrigation, stucco exterior, concrete block construction, and a garage. The property is located in Orangewood Acres at 2434 N Orangewood Street, Avon Park, FL 33825, with access to a screened swimming pool, clubhouse, and shuffleboard courts.
Key Highlights
- 2,190‑square‑foot duplex property on a 0.14‑acre lot
- Two bedrooms and two bathrooms with a primary en‑suite
- Updated kitchen with granite counters, island seating, and an 8' x 12' pantry
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
$19,780
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
8.79%
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%
$395,600
$395.6K
Cap Rate 7%
$282,571
$282.6K
Cap Rate 9%
$219,778
$219.8K
Market Conditions
NOI Build-Up for 2,190 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
$30.2K $13.80/SF
− Vacancy
−$2.0K −$0.90/SF
EGI
$28.3K $12.90/SF
− OpEx
−$8.5K −$3.87/SF
NOI
$19.8K $9.03/SF
Area
Highlands County, FL
Vacancy
6.50%
Lease Rate
$13.80 /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%
$395,600
Cap Rate 7%
$282,571
Cap Rate 9%
$219,778
Alternative Uses
Best Use
Multifamily LT 5
$282.6K
$247.3K – $329.7K
NOI $19,780 @ 7.0% cap · market cap 8.79%
Second Best
Apartment 5plus
$262.6K
$229.8K – $306.4K
NOI $18,381 @ 7.0% cap · market cap 8.17%
Theoretical Best
Office A
$455.6K
$398.7K – $531.6K
NOI $31,893 @ 7.0% cap · market cap 14.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
100
Businesses Nearby
Explore this area
Business Placement
Demographics for 33825, FL
24,943
Population
12,519
Households
2
Avg Household Size
49
Median Age
13%
College-Educated
83%
High-School Grad
112.8 sq mi
ZIP Area
221
Density / Sq Mi
$46,604
Median Household Income
$32,352
Median Earnings
$902
Median Rent
$152,400
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-bedroom residential property with flexible living space, private primary suite, and community amenities in Orangewood Acres.
Where is this duplex located?
The property is located at 2434 N Orangewood Street Avon Park, FL.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 2,190‑square‑foot duplex property on a 0.14‑acre lot; Two bedrooms and two bathrooms with a primary en‑suite; Updated kitchen with granite counters, island seating, and an 8' x 12' pantry
