Remodeled Half-Duplex
New
For Sale
$291,000
3218 REDDITT Road, Orlando, FL 32822
Residential, ORLANDO, FL
Property Size970 SF
Lot Size0.10 Acres
Price / SF$300
Days on Market6
Property Features for 3218 REDDITT Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-2
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 1, Bathroom 1
Parking features
Oversize
Pets allowed
Dogs OK, Cats OK
Interior features
Ceiling Fans(s)
Exterior features
Private Mailbox, Private Yard
Appliances
Dishwasher, Disposal, Range, Refrigerator
Subdivision
MEADOW COVE
Elementary school
Three Points Elem
Middle school
Liberty Middle
High school
Colonial High
Directions
From FL-408 East Use the right 2 lanes to take Exit 16 for FL-551 / Goldenrod Rd - 0.3 mi Turn right onto S Goldenrod Rd (heading south) - 3.0 mi Turn right onto Pershing Ave - 0.5 mi Turn left onto Redditt Rd - 0.6 mi. The house should be on your right.
Standard status
Active
APN
15-23-30-5562-00-060
Size
970 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
MEADOW COVE UNIT 1 9/140 LOT 6 (LESS S1/2) SEE 5635/1716
Tax Annual Amount
1504
Legal Description
MEADOW COVE UNIT 1 9/140 LOT 6 (LESS S1/2) SEE 5635/1716
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1981
Floors in Building
1
Flooring type
Vinyl
Building materials
Block, Stucco
Roof type
Shingle, Built-Up
Listing Agency:
LPT REALTY, LLC
(877) 366-2213
Listed By:
John Garcia Serna
(407) 284-5165
Added: Oct 13
Changed: Oct 18
Last Checked: Oct 18 at 10:06PM
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 970-square-foot half duplex, built in 1981, has three bedrooms and two bathrooms. Updates include new countertops, cabinets, and appliances; the kitchen is equipped with a dishwasher, disposal, range, and refrigerator. Vinyl flooring, ceiling fans, central heating, and central air serve the home, which is constructed of block and stucco. The property may be delivered furnished or unfurnished.
The 0.1-acre lot includes a private yard and oversized parking. Public sewer is available, along with cable service. The residence is zoned R-2 and located in Orlando, with access to major roads and a short drive to MCO.
The 0.1-acre lot includes a private yard and oversized parking. Public sewer is available, along with cable service. The residence is zoned R-2 and located in Orlando, with access to major roads and a short drive to MCO.
Key Highlights
- 970 square feet with three bedrooms and two bathrooms
- Remodeled with new countertops, cabinets, and appliances
- Delivery available furnished or unfurnished
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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Current Use
Location Intelligence
Trade Area within ½ mile
290
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - A private yard and choice of furnished or unfurnished delivery offer flexibility for occupancy.
Where is this residential income 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 with three bedrooms and two bathrooms; Remodeled with new countertops, cabinets, and appliances; Delivery available furnished or unfurnished
