Duplex with Separate
New
For Sale
$549,900
2533 S FERN CREEK Avenue, Orlando, FL 32806
Residential Income, ORLANDO, FL
Property Size1,772 SF
Lot Size0.16 Acres
Price / SF$310.33
Days on Market7
Property Features for 2533 S FERN CREEK Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-2A/T
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Dining Room, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 2, Bedroom 4, Bedroom 1
Parking features
Open, Driveway, Oversize
Security features
Security Lighting
Window features
Blinds, Aluminum Frames
Patio and Porch features
Porch
Pets allowed
Size Limit, Yes, Number Limit
Interior features
Attic Ventilator, Ceiling Fans(s), Living Room/Dining Room Combo, Open Floorplan, Solid Surface Counters, Solid Wood Cabinets, Window Treatments
Exterior features
Fence, Lighting, Private Mailbox, Sidewalk, Storage
Fencing
Fenced
Basement
Crawl Space
Appliances
Electric Water Heater, Exhaust Fan, Range, Refrigerator
Subdivision
EARP SUB
Lot features
Corner Lot, City Limits, Level, Sidewalk, Paved
Elementary school
Lake Como Elem
Middle school
Lake Como School K-8
High school
Boone High
Directions
From the Intersection of S. orange Ave and E Michigan St, head East on E Michigan to S Fern Creek Ave, turn Left. Destination will be on your right.
Standard status
Active
APN
06-23-30-2268-00-060
Size
1,772 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
EARP SUB L/65 LOT 6
Tax Annual Amount
5675
Legal Description
EARP SUB L/65 LOT 6
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Amenities
separate laundry room per unit
private yard
fully fenced
Building Details
Year built
1985
Floors in Building
1
Number of units
2
Flooring type
Tile - Ceramic, Tile
Building materials
Metal Siding, Vinyl Siding, Frame
Roof type
Metal
Additional Structures
Storage
Listing Agency:
BEAR TEAM REAL ESTATE
(407) 228-1112
Listed By:
Bethanne Baer · License #553431
(407) 228-1112
Added: Aug 17
Changed: Aug 21
Last Checked: Aug 23 at 4:06PM
MLS# O6434974
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 1,772-square-foot duplex, built in 1985, offers two attached residential units connected at the utility area. Each unit has a separate meter, individual laundry room, kitchen with a refrigerator, range, and microwave, plus a private yard within the fenced property. Interior features include ceramic tile flooring, solid wood cabinets, solid surface counters, ceiling fans, and an open living and dining arrangement. Central heating and air conditioning serve the building, and the roof is metal.
The property is located at 2533 S Fern Creek Avenue in Orlando, Florida 32806, on a 0.16-acre lot. Public water serves the property, while the units currently use septic tanks; city sewer is available. Exterior improvements include a porch, storage, lighting, sidewalk, private mailbox, driveway parking, and oversized open parking. Zoning is R-2A/T.
The property is located at 2533 S Fern Creek Avenue in Orlando, Florida 32806, on a 0.16-acre lot. Public water serves the property, while the units currently use septic tanks; city sewer is available. Exterior improvements include a porch, storage, lighting, sidewalk, private mailbox, driveway parking, and oversized open parking. Zoning is R-2A/T.
Key Highlights
- 1,772‑square‑foot duplex on a 0.16‑acre lot
- Separate meters for each unit
- Individual laundry room and fenced yard for each unit
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
$25,140
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
4.57%
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%
$502,800
$502.8K
Cap Rate 7%
$359,143
$359.1K
Cap Rate 9%
$279,333
$279.3K
Market Conditions
NOI Build-Up for 1,772 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
$38.3K $21.60/SF
− Vacancy
−$2.4K −$1.33/SF
EGI
$35.9K $20.27/SF
− OpEx
−$10.8K −$6.08/SF
NOI
$25.1K $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%
$502,800
Cap Rate 7%
$359,143
Cap Rate 9%
$279,333
Alternative Uses
Best Use
Multifamily LT 5
$359.1K
$314.3K – $419.0K
NOI $25,140 @ 7.0% cap · market cap 4.57%
Second Best
Apartment 5plus
$328.1K
$287.1K – $382.7K
NOI $22,964 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$570.8K
$499.5K – $666.0K
NOI $39,958 @ 7.0% cap · market cap 7.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
846
Businesses Nearby
Explore this area
Business Placement
Demographics for 32806, FL
26,582
Population
12,529
Households
2.1
Avg Household Size
40
Median Age
55%
College-Educated
95%
High-School Grad
6.8 sq mi
ZIP Area
3,909
Density / Sq Mi
$86,653
Median Household Income
$54,012
Median Earnings
$1,500
Median Rent
$415,800
Median Home Value
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 - Tile-floored duplex with individual laundry rooms, fenced outdoor areas, and equipped kitchens in an established residential setting.
Where is this duplex located?
The property is located at 2533 S FERN CREEK Avenue Orlando, FL.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: 1,772‑square‑foot duplex on a 0.16‑acre lot; Separate meters for each unit; Individual laundry room and fenced yard for each unit
