Duplex with Updated
For Sale
$340,000
2508 Yale Ave, Sanford, FL 32773
Two-unit residential property with one occupied residence and a vacant unit featuring refreshed kitchens and baths.
Property Size1,592 SF
Price / SF$213.57
Days on Market141
Property Features for 2508 Yale Ave
General Information
Standard status
Active
Size
1,592 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 2BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,074
Listing Agency:
EXP REALTY LLC
(407) 846-0940
Listed By:
Lorry Robles
(386) 479-0558
Source:
Exprealty
Added: May 18
Changed: Oct 2
Last Checked: Oct 4 at 2:56PM
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 EXP REALTY LLC
Investment Insights
Based on property information with market context.
This 1,592-square-foot duplex contains two separate residences. The lower unit has two bedrooms and two bathrooms and is currently occupied, while the upper unit offers two bedrooms and one bathroom and is vacant. Interior improvements include newer flooring, stainless steel kitchen appliances, refreshed bathrooms, and bright open living areas.
The property sits on a large lot with mature trees and a front porch. It is located near downtown Sanford, shopping, dining, major highways, Sanford-Orlando Airport, and the waterfront. The property is also identified as being outside a flood zone.
The property sits on a large lot with mature trees and a front porch. It is located near downtown Sanford, shopping, dining, major highways, Sanford-Orlando Airport, and the waterfront. The property is also identified as being outside a flood zone.
Key Highlights
- 1,592‑square‑foot duplex with two separate residential units
- Downstairs 2‑bedroom, 2‑bath unit is currently tenant occupied
- Upstairs 2‑bedroom, 1‑bath unit is vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,233
Cap Rate
6.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$424,660
$424.7K
Cap Rate 7%
$303,329
$303.3K
Cap Rate 9%
$235,922
$235.9K
Market Conditions
NOI Build-Up for 1,592 SF
Gross rent
$32.5K $20.40/SF
− Vacancy
−$2.1K −$1.35/SF
EGI
$30.3K $19.05/SF
− OpEx
−$9.1K −$5.72/SF
NOI
$21.2K $13.34/SF
Area
Seminole County, FL
Vacancy
6.60%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$424,660
Cap Rate 7%
$303,329
Cap Rate 9%
$235,922
Alternative Uses
Best Use
Multifamily LT 5
$303.3K
$265.4K – $353.9K
NOI $21,233 @ 7.0% cap · market cap 6.25%
Second Best
Apartment 5plus
$279.3K
$244.4K – $325.8K
NOI $19,550 @ 7.0% cap · market cap 5.75%
Theoretical Best
Office A
$453.0K
$396.4K – $528.6K
NOI $31,713 @ 7.0% cap · market cap 9.33%
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
312
Businesses Nearby
Explore this area
Business Placement
Demographics for 32773, FL
33,990
Population
13,402
Households
2.5
Avg Household Size
36
Median Age
24%
College-Educated
88%
High-School Grad
27.6 sq mi
ZIP Area
1,232
Density / Sq Mi
$63,496
Median Household Income
$40,479
Median Earnings
$1,482
Median Rent
$259,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with one occupied residence and a vacant unit featuring refreshed kitchens and baths.
Where is this duplex located?
The property is located at 2508 Yale Ave Sanford, FL.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: 1,592‑square‑foot duplex with two separate residential units; Downstairs 2‑bedroom, 2‑bath unit is currently tenant occupied; Upstairs 2‑bedroom, 1‑bath unit is vacant
