Two-Unit Duplex with Laundry
For Sale
$535,000
31 Deacon Jones Boulevard Unit A & B, Orlando, FL 32810
Each residence offers three bedrooms, two bathrooms, central AC, and a dedicated laundry room.
Property Size3,000 SF
Price / SF$178.33
Days on Market29
Property Features for 31 Deacon Jones Boulevard Unit A & B
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Multi-family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Amenities
central AC
laundry rooms
Building Details
Year Built
1999
Listing Agency:
RE/MAX PRIME PROPERTIES
(407) 955-1672
Listed By:
Judson Osbon · License #3366745
Source:
Realtygroupfl
Added: Jul 18
Changed: Aug 14
Last Checked: Aug 14 at 10:04AM
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 RE/MAX PRIME PROPERTIES
Investment Insights
Based on property information with market context.
This up-and-down duplex contains 3,000 square feet with three bedrooms and two bathrooms in each unit. Both residences include central AC and separate laundry rooms. Improvements include a newer roof, exterior paint completed in 2023, and new tile flooring on the first floor. The property was built in 1999 and is located at 31 Deacon Jones Boulevard, Unit A & B, in Orlando, Florida.
The upstairs unit is leased through September, while the downstairs unit is owner occupied. The seller is willing to lease back the downstairs residence, providing flexibility for the next ownership arrangement.
The upstairs unit is leased through September, while the downstairs unit is owner occupied. The seller is willing to lease back the downstairs residence, providing flexibility for the next ownership arrangement.
Key Highlights
- 3,000 square feet total with two units
- Three bedrooms and two bathrooms in each unit
- Central AC and laundry rooms in both residences
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
$42,561
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
7.96%
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%
$851,220
$851.2K
Cap Rate 7%
$608,014
$608.0K
Cap Rate 9%
$472,900
$472.9K
Market Conditions
NOI Build-Up for 3,000 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
$64.8K $21.60/SF
− Vacancy
−$4.0K −$1.33/SF
EGI
$60.8K $20.27/SF
− OpEx
−$18.2K −$6.08/SF
NOI
$42.6K $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%
$851,220
Cap Rate 7%
$608,014
Cap Rate 9%
$472,900
Alternative Uses
Best Use
Multifamily LT 5
$608.0K
$532.0K – $709.4K
NOI $42,561 @ 7.0% cap · market cap 7.96%
Second Best
Apartment 5plus
$555.4K
$486.0K – $648.0K
NOI $38,877 @ 7.0% cap · market cap 7.27%
Theoretical Best
Office A
$966.4K
$845.6K – $1.13M
NOI $67,648 @ 7.0% cap · market cap 12.64%
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
601
Businesses Nearby
Explore this area
Business Placement
Demographics for 32810, FL
35,925
Population
14,849
Households
2.4
Avg Household Size
36
Median Age
26%
College-Educated
87%
High-School Grad
9.2 sq mi
ZIP Area
3,905
Density / Sq Mi
$58,462
Median Household Income
$37,983
Median Earnings
$1,545
Median Rent
$260,000
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 - Each residence offers three bedrooms, two bathrooms, central AC, and a dedicated laundry room.
Where is this duplex located?
The property is located at 31 Deacon Jones Boulevard Unit A & B Orlando, FL.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: 3,000 square feet total with two units; Three bedrooms and two bathrooms in each unit; Central AC and laundry rooms in both residences
