Renovated Duplex With Mixed-Use
For Sale
$649,900
310 E ANDERSON ST, Orlando, FL 32801
Separate entrances, electrical meters, and flexible layouts accommodate residential, office, or short-term rental use.
Property Size1,320 SF
Price / SF$492.35
Days on Market106
Property Features for 310 E ANDERSON ST
General Information
Standard status
Active
Size
1,320 SF
Total Parking Spaces
7
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$8,382
Building Details
Building Size
1,320 SF
Year Built
1920
Buildings
1
Listing Agency:
LPT REALTY, LLC
(321) 216-1727
Listed By:
Sonia Crespo Ballesteros · License #3331645
Source:
Alignagents
Added: May 1
Changed: Aug 13
Last Checked: Aug 13 at 11:03AM
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 LPT REALTY, LLC
Investment Insights
Based on property information with market context.
Built in 1920 and fully renovated, this 1,320-square-foot duplex combines two independently accessed units with commercial and residential zoning. The lower suite contains three rooms, a kitchenette, dining area, and full bathroom; the upper residence offers two bedrooms, a full kitchen, one full bathroom, and an open living and dining area. Each unit has its own electrical meter, while the upstairs unit also includes a washer and dryer. A newer roof was installed in 2018, and furniture is negotiable.
The property is at 310 E Anderson St in Orlando, near the Dr. Phillips Center for the Performing Arts, Downtown Orlando, and Lake Eola Park. Parking accommodates up to seven vehicles, with dedicated areas serving each unit. Both spaces are currently used as short-term rentals, and the lower unit can also function as professional office space or be converted to residential use.
The property is at 310 E Anderson St in Orlando, near the Dr. Phillips Center for the Performing Arts, Downtown Orlando, and Lake Eola Park. Parking accommodates up to seven vehicles, with dedicated areas serving each unit. Both spaces are currently used as short-term rentals, and the lower unit can also function as professional office space or be converted to residential use.
Key Highlights
- Fully renovated 1,320 SF duplex built in 1920
- Zoned for both commercial and residential use
- Two units with private entrances and separate electrical meters
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
$18,727
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
2.88%
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%
$374,540
$374.5K
Cap Rate 7%
$267,529
$267.5K
Cap Rate 9%
$208,078
$208.1K
Market Conditions
NOI Build-Up for 1,320 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
$28.5K $21.60/SF
− Vacancy
−$1.8K −$1.33/SF
EGI
$26.8K $20.27/SF
− OpEx
−$8.0K −$6.08/SF
NOI
$18.7K $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%
$374,540
Cap Rate 7%
$267,529
Cap Rate 9%
$208,078
Alternative Uses
Best Use
Multifamily LT 5
$267.5K
$234.1K – $312.1K
NOI $18,727 @ 7.0% cap · market cap 2.88%
Second Best
Mixed Use
$248.9K
$217.8K – $290.4K
NOI $17,424 @ 7.0% cap · market cap 2.68%
Theoretical Best
Office A
$425.2K
$372.1K – $496.1K
NOI $29,765 @ 7.0% cap · market cap 4.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
7,988
Businesses Nearby
Explore this area
Business Placement
Demographics for 32801, FL
17,728
Population
12,133
Households
1.5
Avg Household Size
36
Median Age
63%
College-Educated
95%
High-School Grad
2.2 sq mi
ZIP Area
8,058
Density / Sq Mi
$77,626
Median Household Income
$63,090
Median Earnings
$1,773
Median Rent
$397,600
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 - Separate entrances, electrical meters, and flexible layouts accommodate residential, office, or short-term rental use.
Where is this duplex located?
The property is located at 310 E ANDERSON ST Orlando, FL.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Fully renovated 1,320 SF duplex built in 1920; Zoned for both commercial and residential use; Two units with private entrances and separate electrical meters
