Renovated Duplex with
For Sale
$599,600
2910 Dade Ave, Orlando, FL 32804
Two residential units feature equipped kitchens, private laundry rooms, living areas, and covered parking.
Property Size1,584 SF
Price / SF$378.54
Days on Market50
Property Features for 2910 Dade Ave
General Information
Standard status
Active
Size
1,584 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$7,177
Amenities
laundry rooms
carports
Building Details
Buildings
1
Listing Agency:
ARROWSMITH REALTY, INC
(407) 797-1488
Listed By:
Janine Arrowsmith · License #3244554
(407) 797-1488
Source:
Exprealty
Added: Jun 22
Changed: Aug 10
Last Checked: Aug 10 at 6:09AM
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 ARROWSMITH REALTY, INC
Investment Insights
Based on property information with market context.
This renovated duplex contains two residential units within 1,584 square feet. Each side includes an equipped kitchen with an eat-in area, a living room, two bedrooms, one bathroom, and a laundry room. Carports serve both units, and the property is described as income producing.
The property is near AdventHealth facilities, the Ronald McDonald House, a SunRail station, major roadways, area attractions, and dining. Its configuration provides separate living spaces with comparable layouts on each side.
The property is near AdventHealth facilities, the Ronald McDonald House, a SunRail station, major roadways, area attractions, and dining. Its configuration provides separate living spaces with comparable layouts on each side.
Key Highlights
- Renovated duplex totaling 1,584 square feet
- Two units, each with 2 bedrooms and 1 bathroom
- Equipped kitchens with eat‑in areas in both units
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
$22,472
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
3.75%
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%
$449,440
$449.4K
Cap Rate 7%
$321,029
$321.0K
Cap Rate 9%
$249,689
$249.7K
Market Conditions
NOI Build-Up for 1,584 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
$34.2K $21.60/SF
− Vacancy
−$2.1K −$1.33/SF
EGI
$32.1K $20.27/SF
− OpEx
−$9.6K −$6.08/SF
NOI
$22.5K $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%
$449,440
Cap Rate 7%
$321,029
Cap Rate 9%
$249,689
Alternative Uses
Best Use
Multifamily LT 5
$321.0K
$280.9K – $374.5K
NOI $22,472 @ 7.0% cap · market cap 3.75%
Second Best
Apartment 5plus
$293.2K
$256.6K – $342.1K
NOI $20,527 @ 7.0% cap · market cap 3.42%
Theoretical Best
Office A
$510.3K
$446.5K – $595.3K
NOI $35,718 @ 7.0% cap · market cap 5.96%
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
2,580
Businesses Nearby
Explore this area
Business Placement
Demographics for 32804, FL
19,084
Population
10,127
Households
1.9
Avg Household Size
40
Median Age
61%
College-Educated
97%
High-School Grad
7.2 sq mi
ZIP Area
2,651
Density / Sq Mi
$113,466
Median Household Income
$61,227
Median Earnings
$1,717
Median Rent
$498,700
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 - Two residential units feature equipped kitchens, private laundry rooms, living areas, and covered parking.
Where is this duplex located?
The property is located at 2910 Dade Ave Orlando, FL.
What is the asking price?
The asking price for this property is $599,600.
What are key features of this property?
This property features: Renovated duplex totaling 1,584 square feet; Two units, each with 2 bedrooms and 1 bathroom; Equipped kitchens with eat‑in areas in both units
