Renovated Duplex with Mixed-Use
For Sale
$649,900
310 E ANDERSON Street, Orlando, FL 32801
Residential Income, ORLANDO, FL
Property Size1,320 SF
Lot Size0.07 Acres
Price / SF$492.35
Days on Market117
Property Features for 310 E ANDERSON Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
O-1/HP/T/A
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 1, Bathroom 1
Window features
Window Treatments
Interior features
Window Treatments
Exterior features
Fence, French Doors
Fencing
Fenced
Fireplace
1
Appliances
Dryer, Microwave, Range, Refrigerator, Washer
Subdivision
GROVES SUB
View
City
Elementary school
Blankner Elem
Middle school
Howard Middle
High school
Boone High
Directions
From Orange Avenue heading south, turn left onto Anderson Street. Continue past the Dr. Phillips Center for the Performing Arts. The property will be located a few blocks ahead on the right-hand side.
Standard status
Active
APN
36-22-29-3220-00-032
Size
1,320 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
GROVES SUB (DELANEY) D/79 THE E 55 FT OFLOT 3 & BEG NE COR OF LOT 2 RUN W 55 FTSE LY TO E LINE OF LOT 2 N 10 FT TO BEG
Tax Annual Amount
8382
Legal Description
GROVES SUB (DELANEY) D/79 THE E 55 FT OFLOT 3 & BEG NE COR OF LOT 2 RUN W 55 FTSE LY TO E LINE OF LOT 2 N 10 FT TO BEG
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Flooring type
Laminate, Tile - Ceramic
Building materials
Frame, Wood Siding
Roof type
Metal
Listing Agency:
LPT REALTY, LLC
(877) 366-2213
Listed By:
Sonia Crespo Ballesteros · License #3331645
(321) 216-1727
Added: May 1
Changed: Aug 20
Last Checked: Aug 25 at 3:06AM
MLS# S5149023
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.
Investment Insights
Based on property information with market context.
This 1,320-square-foot duplex sits on a 0.07-acre lot and contains two separately entered units, each with its own electrical meter. Both are currently operating as short-term rentals. The lower unit, formerly arranged as office space, includes three rooms, a kitchenette, dining area, and full bathroom. Upstairs are two bedrooms, a full bathroom, kitchen, and open living-dining area. The property has been fully renovated and includes central heating and air conditioning, public water and sewer, a metal roof installed in 2018, and on-site parking for up to seven vehicles. The upper unit also includes a washer and dryer.
Zoning is O-1/HP/T/A and permits both commercial and residential use. Located at 310 E Anderson Street in Orlando, the property is steps from the Dr. Phillips Center for the Performing Arts, Downtown Orlando, and Lake Eola Park, with access to dining, entertainment, and major roadways.
Zoning is O-1/HP/T/A and permits both commercial and residential use. Located at 310 E Anderson Street in Orlando, the property is steps from the Dr. Phillips Center for the Performing Arts, Downtown Orlando, and Lake Eola Park, with access to dining, entertainment, and major roadways.
Key Highlights
- Two‑unit duplex with 1,320 square feet on a 0.07‑acre lot
- O‑1/HP/T/A zoning supports both commercial and residential use
- Both units currently operate as short‑term rentals
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
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
8,061
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 - Two separately metered units offer residential and commercial use flexibility.
Where is this duplex located?
The property is located at 310 E ANDERSON Street 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: Two‑unit duplex with 1,320 square feet on a 0.07‑acre lot; O‑1/HP/T/A zoning supports both commercial and residential use; Both units currently operate as short‑term rentals
