Updated Duplex
For Sale
$379,900
3109 BRIDGEFORD Drive, Orlando, FL 32812
Residential, ORLANDO, FL
Property Size1,624 SF
Lot Size0.10 Acres
Price / SF$233.93
Days on Market12
Property Features for 3109 BRIDGEFORD Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-3A/AN
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 2, Family Room, Bedroom 3, Bathroom 2, Bedroom 1, Bathroom 3, Bathroom 1
Pets allowed
Dogs OK, Cats OK
Interior features
Ceiling Fans(s), High Ceilings, Kitchen/Family Room Combo, Open Floorplan, Vaulted Ceiling(s), Walk-In Closet(s)
Exterior features
Sliding Doors
Fireplace
1
Appliances
Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Subdivision
ESSEX POINT SOUTH
Elementary school
Lake George Elem
Middle school
Conway Middle
High school
Boone High
Directions
From S Semoran Blvd/SR 436; head west on Michigan St, left on Dixie Belle Dr, right on Halifax Dr, right on Bridgeford Dr.
Standard status
Active
APN
04-23-30-2523-00-150
Size
1,624 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ESSEX POINT SOUTH 19/119 LOT 15
Tax Annual Amount
4025
Legal Description
ESSEX POINT SOUTH 19/119 LOT 15
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Amenities
pool
tennis court
covered picnic pavilion
Building Details
Year built
1989
Floors in Building
2
Flooring type
Tile - Ceramic, Carpet
Building materials
Block, Cement Siding
Roof type
Shingle
Listing Agency:
TOP FLORIDA HOMES
(855) 919-0458
Listed By:
Isabelle Goncalves
(407) 495-8970
Added: Aug 13
Changed: Aug 20
Last Checked: Aug 24 at 7:06PM
MLS# O6431022
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 updated duplex property features a two-story interior with high ceilings, a great room, wood-burning fireplace, and tile flooring across the main level. The kitchen includes granite countertops, stainless steel appliances, espresso cabinetry, under-cabinet lighting, and a breakfast bar. Upstairs are three bedrooms, including a primary suite with a vaulted ceiling and renovated bathroom featuring quartz counters, dual vanities, matte black fixtures, polished porcelain, and a rainfall showerhead. The property also includes a formal dining room, washer and dryer, central heating and cooling, a fenced backyard with paver patio, and an oversized two-car garage. Fresh interior and exterior paint, new landscaping, sliding doors, and a shingle roof complete the improvements.
Located in the Conway area of Orlando, the property provides access to SR 408 and SR 528, with Orlando International Airport about 10 minutes away and Downtown Orlando approximately 15 minutes away. Essex Point South includes a community pool, tennis court, sidewalks, and a covered picnic pavilion with brick barbecue grills. The property is zoned R-3A/AN.
Located in the Conway area of Orlando, the property provides access to SR 408 and SR 528, with Orlando International Airport about 10 minutes away and Downtown Orlando approximately 15 minutes away. Essex Point South includes a community pool, tennis court, sidewalks, and a covered picnic pavilion with brick barbecue grills. The property is zoned R-3A/AN.
Key Highlights
- 1,624‑square‑foot duplex property on a 0.1‑acre lot
- Three upstairs bedrooms, including a renovated primary bathroom
- Two‑story great room with high ceilings and wood‑burning fireplace
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
$23,040
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
6.06%
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%
$460,800
$460.8K
Cap Rate 7%
$329,143
$329.1K
Cap Rate 9%
$256,000
$256.0K
Market Conditions
NOI Build-Up for 1,624 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
$35.1K $21.60/SF
− Vacancy
−$2.2K −$1.33/SF
EGI
$32.9K $20.27/SF
− OpEx
−$9.9K −$6.08/SF
NOI
$23.0K $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%
$460,800
Cap Rate 7%
$329,143
Cap Rate 9%
$256,000
Alternative Uses
Best Use
Multifamily LT 5
$329.1K
$288.0K – $384.0K
NOI $23,040 @ 7.0% cap · market cap 6.06%
Second Best
Apartment 5plus
$300.7K
$263.1K – $350.8K
NOI $21,046 @ 7.0% cap · market cap 5.54%
Theoretical Best
Office A
$523.1K
$457.8K – $610.3K
NOI $36,620 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
534
Businesses Nearby
Explore this area
Business Placement
Demographics for 32812, FL
34,586
Population
15,007
Households
2.3
Avg Household Size
39
Median Age
38%
College-Educated
92%
High-School Grad
8.5 sq mi
ZIP Area
4,069
Density / Sq Mi
$74,245
Median Household Income
$43,993
Median Earnings
$1,561
Median Rent
$342,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Fully updated residential property with open living areas, private outdoor space, and access to community amenities.
Where is this duplex located?
The property is located at 3109 BRIDGEFORD Drive Orlando, FL.
What is the asking price?
The asking price for this property is $379,900.
What are key features of this property?
This property features: 1,624‑square‑foot duplex property on a 0.1‑acre lot; Three upstairs bedrooms, including a renovated primary bathroom; Two‑story great room with high ceilings and wood‑burning fireplace
