Three-Duplex Residential
For Sale
$695,000
280 E 1ST Street, Apopka, FL 32703
Residential Income, APOPKA, FL
Property Size1,620 SF
Lot Size0.52 Acres
Price / SF$429.01
Days on Market199
Property Features for 280 E 1ST Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
MU-D
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 2, Bedroom 1, Bathroom 1
Interior features
Ceiling Fans(s)
Exterior features
Private Mailbox, Sidewalk
Subdivision
APOPKA REV
Directions
Turn left onto S Park Ave Turn right onto E 1st St Destination will be on the right
Standard status
Active
APN
10-21-28-0198-31-160
Size
1,620 SF
Lot size
0.52 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
REVISED PLAT BLK C APOPKA F/101 LOTS 116THROUGH 120 BLK C
Tax Annual Amount
10499
Legal Description
REVISED PLAT BLK C APOPKA F/101 LOTS 116THROUGH 120 BLK C
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1983
Number of units
6
Building materials
Block
Roof type
Shingle
Buildings
3
Listing Agency:
BEYCOME OF FLORIDA LLC
Listed By:
Steven Koleno · License #3469487
(804) 656-5007
Added: Apr 15
Changed: Oct 27
Last Checked: Oct 30 at 2:06AM
MLS# O6399457
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.
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Investment Insights
Based on property information with market context.
This residential income property comprises three duplexes with a reported property size of 1,620 square feet on 0.52 acres. Built in 1983, the improvements feature block construction, shingle roofing, updated cabinets and countertops, ceiling fans, electric heating, and window or wall-mounted cooling units. Each unit includes a bathroom washer-and-dryer hookup, while central air and heat, dishwashers, and garbage disposals are not present.
The property is located at 280 E 1ST Street in Apopka, Florida, with public water and public sewer service. Sidewalks, private mailboxes, and outdoor space are part of the exterior features. Parks are located across the street, with local schools, shops, and dining in the surrounding area. MU-D zoning applies to the property.
The property is located at 280 E 1ST Street in Apopka, Florida, with public water and public sewer service. Sidewalks, private mailboxes, and outdoor space are part of the exterior features. Parks are located across the street, with local schools, shops, and dining in the surrounding area. MU-D zoning applies to the property.
Key Highlights
- Three duplexes on a 0.52‑acre property
- Reported property size of 1,620 square feet
- MU‑D zoning in Apopka, FL
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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Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
979
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - MU-D-zoned property with updated cabinets, public utilities, and individual window cooling units.
Where is this duplex located?
The property is located at 280 E 1ST Street 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 duplexes on a 0.52‑acre property; Reported property size of 1,620 square feet; MU‑D zoning in Apopka, FL
