Updated Half-Duplex with Fenced
New
For Sale
$230,000
328 E EVERGREEN Avenue, Longwood, FL 32750
Residential, LONGWOOD, FL
Property Size990 SF
Lot Size0.10 Acres
Price / SF$232.32
Days on Market6
Property Features for 328 E EVERGREEN Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
LDR
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1, Bathroom 1, Dining Room, Bathroom 2
Pets allowed
Yes
Interior features
Ceiling Fans(s), Living Room/Dining Room Combo, Primary Bedroom Main Floor, Walk-In Closet(s)
Exterior features
Lighting, Private Entrance, Private Yard, Rain Gutters
Appliances
Dishwasher, Disposal, Exhaust Fan, Range, Refrigerator
Subdivision
EVERGREEN PLACE
Elementary school
Longwood Elementary
Middle school
Milwee Middle
High school
Lyman High
Directions
Take I-4 East to Exit 94 - SR 434 / Longwood.Turn right/east onto SR 434 (W State Road 434). Continue on SR 434 and turn right onto S Grant Street. Continue on S Grant Street and turn right onto E Evergreen Avenue. Continue to the end of E Evergreen Ave.
Standard status
Active
APN
05-21-30-524-0000-0084
Size
990 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
W 1/2 of LOT 8 EVERGREEN PLACE PB 15 PG 68 / E 1/2 OF LOT 8 EVERGREEN PLACE PB 15 PG 68
Tax Annual Amount
2033
Legal Description
W 1/2 of LOT 8 EVERGREEN PLACE PB 15 PG 68 / E 1/2 OF LOT 8 EVERGREEN PLACE PB 15 PG 68
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
upgraded kitchen
fully fenced backyard
Building Details
Year built
1970
Floors in Building
1
Flooring type
Vinyl, Carpet
Building materials
Brick
Roof type
Shingle
Architectural style
Other
Listing Agency:
HOMEVEST REALTY
(407) 897-5400
Listed By:
Erica Diaz · License #3301261
(407) 952-0624
Added: Sep 18
Changed: Sep 22
Last Checked: Sep 23 at 12:06AM
MLS# O6443094
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 990-square-foot half-duplex in Longwood includes two bedrooms, two full bathrooms, and a combined living and dining area. The upgraded kitchen includes modern finishes, ample cabinetry, a dishwasher, disposal, range, refrigerator, and exhaust fan. Interior features include ceiling fans, vinyl and carpet flooring, a walk-in closet, and a primary bedroom on the main floor. Central heating and cooling support year-round comfort.
The property sits on a 0.1-acre lot with a fully fenced private yard, covered one-car carport, rain gutters, exterior lighting, and a private entrance. Public water and public sewer serve the home, which was built in 1970 and has a shingle roof. Located near SR 434, I-4, shopping, dining, schools, and major roadways, the property is also positioned for access to Downtown Orlando and surrounding Central Florida communities. LDR zoning and no HOA add flexibility for residential ownership or investment use.
The property sits on a 0.1-acre lot with a fully fenced private yard, covered one-car carport, rain gutters, exterior lighting, and a private entrance. Public water and public sewer serve the home, which was built in 1970 and has a shingle roof. Located near SR 434, I-4, shopping, dining, schools, and major roadways, the property is also positioned for access to Downtown Orlando and surrounding Central Florida communities. LDR zoning and no HOA add flexibility for residential ownership or investment use.
Key Highlights
- 990 SF half‑duplex with 2 bedrooms and 2 full bathrooms
- 0.1‑acre lot with a fully fenced private yard
- Upgraded kitchen with modern finishes and ample cabinet storage
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
$13,204
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
5.74%
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%
$264,080
$264.1K
Cap Rate 7%
$188,629
$188.6K
Cap Rate 9%
$146,711
$146.7K
Market Conditions
NOI Build-Up for 990 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
$20.2K $20.40/SF
− Vacancy
−$1.3K −$1.35/SF
EGI
$18.9K $19.05/SF
− OpEx
−$5.7K −$5.72/SF
NOI
$13.2K $13.34/SF
Area
Seminole County, FL
Vacancy
6.60%
Lease Rate
$20.40 /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%
$264,080
Cap Rate 7%
$188,629
Cap Rate 9%
$146,711
Alternative Uses
Best Use
Multifamily LT 5
$188.6K
$165.1K – $220.1K
NOI $13,204 @ 7.0% cap · market cap 5.74%
Second Best
Apartment 5plus
$173.7K
$152.0K – $202.6K
NOI $12,157 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$281.7K
$246.5K – $328.7K
NOI $19,721 @ 7.0% cap · market cap 8.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,651
Businesses Nearby
Explore this area
Business Placement
Demographics for 32750, FL
25,261
Population
10,541
Households
2.4
Avg Household Size
43
Median Age
37%
College-Educated
93%
High-School Grad
11.4 sq mi
ZIP Area
2,216
Density / Sq Mi
$85,227
Median Household Income
$48,311
Median Earnings
$1,633
Median Rent
$350,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom residence with an upgraded kitchen, covered carport, private yard, and no HOA.
Where is this duplex located?
The property is located at 328 E EVERGREEN Avenue Longwood, FL.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: 990 SF half‑duplex with 2 bedrooms and 2 full bathrooms; 0.1‑acre lot with a fully fenced private yard; Upgraded kitchen with modern finishes and ample cabinet storage
