Six-Unit Duplex
For Sale
$695,000
280 E 1st St, Apopka, FL 32703
Three duplex buildings offer six residential units near parks, schools, shops, and dining.
Property Size1,620 SF
Price / SF$429.01
Days on Market185
Property Features for 280 E 1st St
General Information
Standard status
Active
Size
1,620 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$10,499
Listing Agency:
BEYCOME OF FLORIDA LLC
Listed By:
STEVEN KOLENO · License #3469487
(804) 656-5007
Source:
Exprealty
Added: Apr 15
Changed: Oct 15
Last Checked: Oct 14 at 11:46PM
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 BEYCOME OF FLORIDA LLC
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Investment Insights
Based on property information with market context.
This residential income property comprises three duplex buildings with six units in total. Only one unit has been updated. The residences do not include central air and heat, dishwashers, or garbage disposals; cooling is provided by window AC units, and washer and dryer hookups are located in the bathrooms.
The property is located at 280 E 1st St in Apopka, Florida, with parks across the street and schools, shops, and dining nearby. The surrounding setting provides access to everyday amenities while retaining a multi-unit residential configuration.
The property is located at 280 E 1st St in Apopka, Florida, with parks across the street and schools, shops, and dining nearby. The surrounding setting provides access to everyday amenities while retaining a multi-unit residential configuration.
Key Highlights
- Three duplex buildings containing six residential units
- Only one of the six units has been updated
- Window AC units; no central air and heat
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,607
Cap Rate
3.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$432,140
$432.1K
Cap Rate 7%
$308,671
$308.7K
Cap Rate 9%
$240,078
$240.1K
Market Conditions
NOI Build-Up for 1,620 SF
Gross rent
$33.0K $20.40/SF
− Vacancy
−$2.2K −$1.35/SF
EGI
$30.9K $19.05/SF
− OpEx
−$9.3K −$5.72/SF
NOI
$21.6K $13.34/SF
Area
Orange 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%
$432,140
Cap Rate 7%
$308,671
Cap Rate 9%
$240,078
Alternative Uses
Best Use
Multifamily LT 5
$308.7K
$270.1K – $360.1K
NOI $21,607 @ 7.0% cap · market cap 3.11%
Second Best
Apartment 5plus
$284.2K
$248.7K – $331.6K
NOI $19,894 @ 7.0% cap · market cap 2.86%
Theoretical Best
Office A
$461.0K
$403.4K – $537.8K
NOI $32,270 @ 7.0% cap · market cap 4.64%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
979
Businesses Nearby
Explore this area
Business Placement
Demographics for 32703, FL
54,805
Population
22,033
Households
2.5
Avg Household Size
37
Median Age
29%
College-Educated
87%
High-School Grad
32.1 sq mi
ZIP Area
1,707
Density / Sq Mi
$70,338
Median Household Income
$42,031
Median Earnings
$1,579
Median Rent
$314,800
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
Frequently Asked Questions
What type of property is this?
Duplex - Three duplex buildings offer six residential units near parks, schools, shops, and dining.
Where is this duplex located?
The property is located at 280 E 1st St Apopka, FL.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Three duplex buildings containing six residential units; Only one of the six units has been updated; Window AC units; no central air and heat
