Half-Duplex Multifamily
3218 REDDITT Road, Orlando, FL 32822
For Sale
$291,000
Residential, ORLANDO, FL
Property Size970 SF
Lot Size0.10 Acres
Price / SF$300
Days on Market31
Property Features for 3218 REDDITT Road
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Pets allowed
Interior features
Exterior features
Appliances
Subdivision
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Listing Agency:
LPT REALTY, LLC
(877) 366-2213
Listed By:
John Garcia Serna · License FL #3573319
(407) 284-5165
Added: Oct 13
Changed: Nov 12
Last Checked: Nov 12 at 8:06AM
MLS# O6449430
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.
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Investment Insights
Based on property information with market context.
This half-duplex multifamily property contains 970 square feet, with three bedrooms and two bathrooms. Kitchen improvements include replacement countertops and cabinets, along with updated appliances. Vinyl flooring, ceiling fans, central heating and air conditioning, and a private yard are among its features. The residence was built in 1981 and sits on a 0.1-acre lot.
The property is in Orlando, with proximity to Orlando International Airport and access to major roads. It is zoned R-2, served by public sewer, and has cable available.
The property is in Orlando, with proximity to Orlando International Airport and access to major roads. It is zoned R-2, served by public sewer, and has cable available.
Key Highlights
- 970 square feet on a 0.1‑acre lot
- Three bedrooms and two bathrooms
- Kitchen features updated countertops, cabinets, and appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,503
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$250,060
$250.1K
Cap Rate 7%
$178,614
$178.6K
Cap Rate 9%
$138,922
$138.9K
Market Conditions
NOI Build-Up for 970 SF
Gross rent
$24.4K $25.20/SF
− Vacancy
−$1.7K −$1.76/SF
EGI
$22.7K $23.44/SF
− OpEx
−$10.2K −$10.55/SF
NOI
$12.5K $12.89/SF
Area
ZIP 32822
Vacancy
7.00%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$250,060
Cap Rate 7%
$178,614
Cap Rate 9%
$138,922
Alternative Uses
Best Use
Apartment 5plus
$178.6K
$156.3K – $208.4K
NOI $12,503 @ 7.0% cap · market cap 4.30%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$291.5K
$255.1K – $340.1K
NOI $20,408 @ 7.0% cap · market cap 7.01%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
290
Businesses Nearby
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Business Placement
Demographics for 32822, FL
64,120
Population
27,437
Households
2.3
Avg Household Size
37
Median Age
26%
College-Educated
88%
High-School Grad
13.6 sq mi
ZIP Area
4,715
Density / Sq Mi
$52,944
Median Household Income
$31,368
Median Earnings
$1,609
Median Rent
$222,000
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in Orlando, FL
Properties on Market for Multifamily properties in Orlando
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Updated countertops, cabinetry, and appliances accompany a three-bedroom, two-bathroom layout.
Where is this multifamily property located?
The property is located at 3218 REDDITT Road Orlando, FL.
What is the asking price?
The asking price for this property is $291,000.
What are key features of this property?
This property features: 970 square feet on a 0.1‑acre lot; Three bedrooms and two bathrooms; Kitchen features updated countertops, cabinets, and appliances
