Two-Unit Residential
3119 CENTER ST, Orlando, FL 32806
For Sale
New
$525,000
Each residence offers two bedrooms, two bathrooms, a kitchen, and washer and dryer connections.
Property Size1,941 SF
Days on Market6
Property Features for 3119 CENTER ST
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
IAD REAL ESTATE
Listed By:
Michelle Sims · License FL #3195194
(407) 506-8899
Source:
Novaorlando
Added: Nov 5
Changed: Nov 8
Last Checked: Nov 8 at 11:18AM
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 IAD REAL ESTATE
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Investment Insights
Based on property information with market context.
This 1,941-square-foot duplex, built in 1983, contains two residences. Each has two bedrooms, two bathrooms, a full kitchen, and washer and dryer hookups. The roof was replaced in 2018, with air conditioning and plumbing work completed in 2022.
The property is in Orlando’s SoDo area, south of downtown, and Publix is within walking distance.
The property is in Orlando’s SoDo area, south of downtown, and Publix is within walking distance.
Key Highlights
- Two residences, each with 2 bedrooms and 2 bathrooms
- 1,941 square feet; built in 1983
- Full kitchen and washer and dryer hookups in each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,537
Cap Rate
5.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$550,740
$550.7K
Cap Rate 7%
$393,386
$393.4K
Cap Rate 9%
$305,967
$306.0K
Market Conditions
NOI Build-Up for 1,941 SF
Gross rent
$41.9K $21.60/SF
− Vacancy
−$2.6K −$1.33/SF
EGI
$39.3K $20.27/SF
− OpEx
−$11.8K −$6.08/SF
NOI
$27.5K $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 Rate 5%
$550,740
Cap Rate 7%
$393,386
Cap Rate 9%
$305,967
Alternative Uses
Best Use
Multifamily LT 5
$393.4K
$344.2K – $459.0K
NOI $27,537 @ 7.0% cap · market cap 5.25%
Second Best
Apartment 5plus
$359.3K
$314.4K – $419.2K
NOI $25,154 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$625.3K
$547.1K – $729.5K
NOI $43,768 @ 7.0% cap · market cap 8.34%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
813
Businesses Nearby
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Business Placement
Demographics for 32806, FL
26,582
Population
12,529
Households
2.1
Avg Household Size
40
Median Age
55%
College-Educated
95%
High-School Grad
6.8 sq mi
ZIP Area
3,909
Density / Sq Mi
$86,653
Median Household Income
$54,012
Median Earnings
$1,500
Median Rent
$415,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Orlando, FL
Properties on Market for Duplexes in Orlando
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers two bedrooms, two bathrooms, a kitchen, and washer and dryer connections.
Where is this duplex located?
The property is located at 3119 CENTER ST Orlando, FL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 2 bathrooms; 1,941 square feet; built in 1983; Full kitchen and washer and dryer hookups in each residence
