Two-Unit Duplex with
For Sale
$1,100,000
2544 MAYER Street, Orlando, FL 32806
Residential, ORLANDO, FL
Property Size3,122 SF
Lot Size0.68 Acres
Price / SF$352.34
Days on Market50
Property Features for 2544 MAYER Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-2A/T
Bedrooms
6
Bathrooms
6
Full bathrooms
4
Half bathrooms
2
Rooms
Bedroom 2, Bedroom 1, Dining Room, Family Room, Bedroom 3, Bathroom 4, Bathroom 6, Bathroom 5, Bedroom 5, Bedroom 4, Bedroom 6, Bathroom 3, Bathroom 1, Bathroom 2
Pets allowed
Yes
Interior features
Ceiling Fans(s), Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, PrimaryBedroom Upstairs, Stone Counters
Exterior features
Private Entrance, Private Yard
Appliances
Built-In Oven, Dishwasher, Dryer, Microwave, Refrigerator, Washer
Subdivision
MICHIGAN AVE HEIGHTS SUB
Elementary school
Blankner Elem
Middle school
Howard Middle
High school
Boone High
Directions
Take Florida's Tpke and I-4 Express to W Michigan St in Orlando. Take exit 81 from I-4 E Follow W Michigan St to Mayer St Turn left onto Mayer St
Standard status
Active
APN
01-23-29-5630-00-060
Size
3,122 SF
Lot size
0.68 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
MICHIGAN AVENUE HEIGHTS SUB Q/160 LOT 6
Tax Annual Amount
15316
Legal Description
MICHIGAN AVENUE HEIGHTS SUB Q/160 LOT 6
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
private fenced backyard
in-unit laundry
Building Details
Year built
2015
Floors in Building
2
Flooring type
Tile - Ceramic, Carpet
Building materials
Block, Stucco, Vinyl Siding
Roof type
Shingle
Listing Agency:
COLDWELL BANKER REALTY
(407) 696-8000
Listed By:
Roo Klaers · License #3259245
(407) 493-5615
Added: Jul 20
Changed: Sep 4
Last Checked: Sep 7 at 4:06PM
MLS# O6428193
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.
Built in 2015, this duplex contains two independent residences totaling 3,122 square feet. Each side provides 1,561 square feet across two floors, with an open arrangement connecting the kitchen, living, and dining areas. The main level also includes a half bath, while the upper floor has three bedrooms, a primary suite with private bath, an additional full bath, and in-unit laundry. Each residence includes a one-car garage, private entrance, and fenced backyard.
The property occupies 0.68 acres in Orlando near Downtown Orlando, Orlando Health, shopping, dining, parks, and major roadways. R-2A/T zoning, public water, public sewer, central air, electric heat, shingle roofing, and block and stucco construction are documented. Interior finishes include stone counters, ceramic tile, and carpet, with appliances including a built-in oven, dishwasher, refrigerator, washer, dryer, and microwave.
The property occupies 0.68 acres in Orlando near Downtown Orlando, Orlando Health, shopping, dining, parks, and major roadways. R-2A/T zoning, public water, public sewer, central air, electric heat, shingle roofing, and block and stucco construction are documented. Interior finishes include stone counters, ceramic tile, and carpet, with appliances including a built-in oven, dishwasher, refrigerator, washer, dryer, and microwave.
Key Highlights
- 3,122‑square‑foot duplex completed in 2015
- Two residences, each measuring 1,561 square feet across two floors
- Each side includes three bedrooms, a primary suite, in‑unit laundry, and a one‑car garage
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
$44,292
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
4.03%
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%
$885,840
$885.8K
Cap Rate 7%
$632,743
$632.7K
Cap Rate 9%
$492,133
$492.1K
Market Conditions
NOI Build-Up for 3,122 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
$67.4K $21.60/SF
− Vacancy
−$4.2K −$1.33/SF
EGI
$63.3K $20.27/SF
− OpEx
−$19.0K −$6.08/SF
NOI
$44.3K $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%
$885,840
Cap Rate 7%
$632,743
Cap Rate 9%
$492,133
Alternative Uses
Best Use
Multifamily LT 5
$632.7K
$553.7K – $738.2K
NOI $44,292 @ 7.0% cap · market cap 4.03%
Second Best
Apartment 5plus
$578.0K
$505.7K – $674.3K
NOI $40,458 @ 7.0% cap · market cap 3.68%
Theoretical Best
Office A
$1.01M
$880.0K – $1.17M
NOI $70,399 @ 7.0% cap · market cap 6.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
981
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
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Frequently Asked Questions
What type of property is this?
Duplex - 2015-built residential income property with two separate residences, private fenced yards, and open two-level layouts.
Where is this duplex located?
The property is located at 2544 MAYER Street Orlando, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 3,122‑square‑foot duplex completed in 2015; Two residences, each measuring 1,561 square feet across two floors; Each side includes three bedrooms, a primary suite, in‑unit laundry, and a one‑car garage
