Updated Duplex with Vacant
New
For Sale
$560,000
2510 BOYD AVENUE, Orlando, FL 32803
Two-unit property with separate electrical service, one leased side, and a second unit available for occupancy or leasing.
Property Size1,508 SF
Price / SF$371.35
Days on Market5
Property Features for 2510 BOYD AVENUE
General Information
Standard status
Active
Size
1,508 SF
Property subtype
Duplex
Additional Details
Utilities to Site
Yes
Multifamily Units
2
Amenities
outdoor laundry area
0.15 acres, City Limits, Sidewalk
Membrane
Septic Tank
Additional parcels description:, Parcel Number: 18-22-30-0568-01-000, Public Survey Range: 30, Public Survey Section: 18, Annual Amount: $6,624.78, Tax Block: 1, Tax Book Number: 0568, Legal Description: BEEMAN PARK L/91 LOT100, Lot: 100, Year: 2025, Zoning: R-1AA
Ceramic Tile, Laminate
Central Air
Central
Outside
Listing ID: MFRO6432212, Standard Status: Active, MLS Status: Active, Property Subtype: Duplex, On market as of 2026-08-10, 1 day on market, Special Conditions: None
Middle School: Audubon Park K-8, High School: Winter Park High
Blinds, Shades
4 total bedrooms
Built in 1952, Living area: 1508, Living area units: Square Feet, Levels: One, Construction Materials: Block, Concrete
Subdivision: BEEMAN PARK, MLS Area (Major): 32803 - Orlando/Colonial Town, County/Parish: Orange
2 total bathrooms
BB/HS Internet Available, Cable Available, Cable Connected, Electricity Connected, Public, Water Connected, Water Source: Public
Slab
Allowed: Yes
Electricity
Road Surface: Asphalt
Patio/Porch Features: Patio, Sidewalk
Ceiling Fans(s), Eat-in Kitchen, Window Treatments
Smoke Detector(s)
Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
Building Details
Year Built
1952
Listing Agency:
BP REALTY
(407) 361-6655
Listed By:
Antonio Velazquez · License #3421812
Source:
Miharaandassociates
Added: Aug 10
Changed: Aug 13
Last Checked: Aug 14 at 6:31AM
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 BP REALTY
Investment Insights
Based on property information with market context.
This Orlando duplex contains two units, with one scheduled to begin a new lease on August 14 and the other currently vacant. The property has 1,508 square feet and was built in 1952. Recent improvements include a new septic system installed in 2026, a roof completed in 2025, fresh exterior paint, an updated outdoor laundry area, and refreshed landscaping. Each unit has separate electrical service. A separate water meter is present but not currently connected.
The property is located at 2510 Boyd Avenue in Orlando, FL 32803, near Downtown Orlando, Audubon Park, Baldwin Park, Winter Park, Mills 50, shopping, restaurants, entertainment, and major roadways. The existing occupancy arrangement supports either owner-occupancy of one unit with the other leased or leasing both units.
The property is located at 2510 Boyd Avenue in Orlando, FL 32803, near Downtown Orlando, Audubon Park, Baldwin Park, Winter Park, Mills 50, shopping, restaurants, entertainment, and major roadways. The existing occupancy arrangement supports either owner-occupancy of one unit with the other leased or leasing both units.
Key Highlights
- 1,508‑square‑foot duplex built in 1952
- One unit scheduled for a new lease beginning August 14; the second unit is vacant
- New septic system installed in 2026
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
$21,394
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
3.82%
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%
$427,880
$427.9K
Cap Rate 7%
$305,629
$305.6K
Cap Rate 9%
$237,711
$237.7K
Market Conditions
NOI Build-Up for 1,508 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
$32.6K $21.60/SF
− Vacancy
−$2.0K −$1.33/SF
EGI
$30.6K $20.27/SF
− OpEx
−$9.2K −$6.08/SF
NOI
$21.4K $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%
$427,880
Cap Rate 7%
$305,629
Cap Rate 9%
$237,711
Alternative Uses
Best Use
Multifamily LT 5
$305.6K
$267.4K – $356.6K
NOI $21,394 @ 7.0% cap · market cap 3.82%
Second Best
Apartment 5plus
$279.2K
$244.3K – $325.7K
NOI $19,542 @ 7.0% cap · market cap 3.49%
Theoretical Best
Office A
$485.8K
$425.1K – $566.8K
NOI $34,005 @ 7.0% cap · market cap 6.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
665
Businesses Nearby
Explore this area
Business Placement
Demographics for 32803, FL
21,003
Population
12,225
Households
1.7
Avg Household Size
38
Median Age
59%
College-Educated
96%
High-School Grad
6.8 sq mi
ZIP Area
3,089
Density / Sq Mi
$101,401
Median Household Income
$61,439
Median Earnings
$1,823
Median Rent
$421,300
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-unit property with separate electrical service, one leased side, and a second unit available for occupancy or leasing.
Where is this duplex located?
The property is located at 2510 BOYD AVENUE Orlando, FL.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: 1,508‑square‑foot duplex built in 1952; One unit scheduled for a new lease beginning August 14; the second unit is vacant; New septic system installed in 2026
