292 S 3RD STREET, Lake Mary, FL 32746
Duplex - LAKE MARY, FL
- Added:
- Apr 26, 2026
- Days on Market:
- 47
- Last Refresh:
- Jun 11 at 8:06 am
Property Features for 292 S 3RD STREET
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- R-2
- Bedrooms
- 5
- Rooms
- Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Parking features
- Carport, Driveway
- Pets allowed
- Yes
- Interior features
- Stone Counters, Thermostat
- Exterior features
- Sliding Doors
- Standard status
- Pending
- APN
- 16-20-30-503-0000-0110
- Size
- 1,929 SF
- Lot size
- 0.34 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 3571
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1976
- Number of units
- 2
- Building materials
- Block
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Zach Mitchell License #3294931 (407) 920-6440
Listing office SAND DOLLAR REALTY GROUP INC 801 W State Road 436 Ste 2065, Altamonte Springs, FL (407) 389-7318
Listing date Apr 26, 2026
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.
HighLights
- Fully renovated 3 bedroom, 2 bathroom unit (Unit B) with new kitchen (custom shaker cabinets, quartz counters, stainless steel appliances) and bathrooms.
- Duplex offers flexibility for owner‑occupancy or investment with income potential.
- New windows and patio sliders throughout the entire building for improved appeal and efficiency.
- Unit A (2 bedroom, 1 bathroom) is move‑in ready with partial updates including new quartz counters and tile floors.
- Roof replaced in 2021.
- Opportunity for house hacking: live in one unit and rent the other to offset mortgage.
Overview
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.4k | $20.40 |
| − Vacancy | −$2.6k | −$1.35 |
| EGI | $36.8k | $19.05 |
| − OpEx | −$11.0k | −$5.72 |
| NOI | $25.7k | $13.34 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lake Mary
- County
- Seminole
- State
- Florida
- Longitude
- -81.322371
- Latitude
- 28.74969
