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11-Unit Multifamily Portfolio
For Sale
$1,550,000

2550 N ALAFAYA Trail, Orlando, FL 32826

Residential Income, ORLANDO, FL

Property Size650 SF
Lot Size0.23 Acres
Price / SF$2,384
Days on Market48

Property Features for 2550 N ALAFAYA Trail

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Zoning R-3
Bedrooms 11
Bathrooms 10
Full bathrooms 10
Rooms Bathroom 6, Bedroom 4, Bedroom 6, Bathroom 5, Bathroom 9, Bathroom 7, Bathroom 8, Bedroom 11, Bedroom 3, Bathroom 3, Bedroom 8, Bathroom 10, Bathroom 1, Bathroom 4, Bedroom 1, Bedroom 2, Dining Room, Bathroom 2, Bedroom 7, Bedroom 9, Bedroom 10, Bedroom 5
Parking features Open
Window features Blinds
Pets allowed Breed Restrictions
Interior features Living Room/Dining Room Combo, Walk-In Closet(s), Window Treatments
Exterior features Balcony
Fireplace 1
Appliances Dishwasher, Dryer, Electric Water Heater, Range, Range Hood, Refrigerator, Washer
Subdivision WATERFORD LNDG CONDO
Directions Directions: FL-417 Toll S, Take exit 37 for University Blvd, Turn L onto University Blvd, Turn R onto FL-434 E (Alafaya Trail), Turn R into Waterford Landing Condominiums(Plymouth St), make immediate R
Standard status Active
APN 15-22-31-9110-02-103
Size 650 SF
Lot size 0.23 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description WATERFORD LANDING CONDOMINIUM 8684/2101UNIT 2107 BLDG 2 WATERFORD LANDING CONDOMINIUM 8684/2101UNIT 2103 BLDG 2 WATERFORD LANDING CONDOMINIUM 8684/2101UNIT 2205 BLDG 2 WATERFORD LANDING CONDOMINIUM 8684/2101UNIT 2209 BLDG 2 WATERFORD LANDING CONDOMINIUM 8684/2101UNIT 2111 BLDG 2 WATERFORD LANDING CONDOMINIUM 8684/2101UNIT 3304 BLDG 3 WATERFORD LANDING CONDOMINIUM 8684/2101UNIT 5203 BLDG 5 WATERFORD LANDING CONDOMINIUM 8684/2101UNIT 6108 BLDG 6 WATERFORD LANDING CONDOMINIUM 8684/2101UNIT 5103 BLDG 5 WATERFORD LANDING CONDOMINIUM 8684/2101UNIT 10305 BLDG 10 WATERFORD LANDING CONDOMINIUM 8684/2101UNIT 5105 BLDG 5
Tax Annual Amount 2311
Legal Description WATERFORD LANDING CONDOMINIUM 8684/2101UNIT 2107 BLDG 2 WATERFORD LANDING CONDOMINIUM 8684/2101UNIT 2103 BLDG 2 WATERFORD LANDING CONDOMINIUM 8684/2101UNIT 2205 BLDG 2 WATERFORD LANDING CONDOMINIUM 8684/2101UNIT 2209 BLDG 2 WATERFORD LANDING CONDOMINIUM 8684/2101UNIT 2111 BLDG 2 WATERFORD LANDING CONDOMINIUM 8684/2101UNIT 3304 BLDG 3 WATERFORD LANDING CONDOMINIUM 8684/2101UNIT 5203 BLDG 5 WATERFORD LANDING CONDOMINIUM 8684/2101UNIT 6108 BLDG 6 WATERFORD LANDING CONDOMINIUM 8684/2101UNIT 5103 BLDG 5 WATERFORD LANDING CONDOMINIUM 8684/2101UNIT 10305 BLDG 10 WATERFORD LANDING CONDOMINIUM 8684/2101UNIT 5105 BLDG 5

Utilities

Utilities Cable Available
Sewer type Public Sewer
Heating system Central
Cooling system Central Air
Water source Public

Building Details

Year built 1989
Floors in Building 1
Building materials Stucco, Frame
Roof type Shingle
Listing Agency: LEGENDS REALTY
Listed By: Christina Nelson · License #3208397
Added: Jul 29 Changed: Sep 12 Last Checked: Sep 14 at 8:06AM
MLS# O6429349

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 multifamily offering comprises 11 condominium units within Waterford Landing Condominium. Ten residences are tenant-occupied and one is vacant, while three floor plans range from 583 to 810 square feet. Lease expirations extend on a staggered basis through August 2027, and the units may also be acquired individually or as a smaller group. Individual residences include living and dining areas, walk-in closets, window treatments, balconies, kitchens with supplied appliances, central heating and cooling, and open parking. The buildings were constructed in 1989 and feature stucco and frame construction with shingle roofing.

The property is located at 2550 N ALAFAYA Trail in Orlando, near UCF's Main Campus and within access to shopping, dining, entertainment, and major roadways. The community is served by public water and public sewer, with cable available. Zoning is R-3.

Key Highlights

  • 11‑unit condominium portfolio with 10 tenant‑occupied units and 1 vacant unit
  • Three floor plans ranging from 583 to 810 square feet
  • Lease expirations are staggered through August 2027

Property Analytics

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Current Use

Brothers Rick Landscaping Building 11 Apartment Building Building 12 Apartment Building Building 1 Apartment Building Building 5 Apartment Building

Suggested Use

Top Pick Parking Lot & Garage Electrical Service Grocery & Convenience Store Garden Center (Bike/Boat/Book/etc) Store Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

11
Residential units

Location Intelligence

Trade Area within ½ mile

837
Businesses Nearby

Demographics for 32826, FL

33,065
Population
10,714
Households
3.1
Avg Household Size
25
Median Age
34%
College-Educated
90%
High-School Grad
7.3 sq mi
ZIP Area
4,529
Density / Sq Mi
$61,784
Median Household Income
$27,066
Median Earnings
$1,478
Median Rent
$224,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Multifamily property - Condominium collection with staggered leases, central amenities, and one currently vacant residence.
Where is this multifamily property located?
The property is located at 2550 N ALAFAYA Trail Orlando, FL.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: 11‑unit condominium portfolio with 10 tenant‑occupied units and 1 vacant unit; Three floor plans ranging from 583 to 810 square feet; Lease expirations are staggered through August 2027
More about this property
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