Residential Income Property with
For Sale
$230,000
328 E EVERGREEN AVENUE, Longwood, FL 32750
Half-duplex offering updated interiors, private outdoor space, and no HOA restrictions.
Property Size990 SF
Price / SF$232.32
Days on Market33
Property Features for 328 E EVERGREEN AVENUE
General Information
Standard status
Active
Size
990 SF
Property subtype
Half Duplex
Building Details
Year Built
1970
Listing Agency:
HOMEVEST REALTY
(407) 897-5400
Listed By:
Erica Diaz · License #3301261
(407) 952-0624
Source:
Dennisrealty
Added: Sep 18
Changed: Oct 19
Last Checked: Oct 19 at 10:51AM
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 HOMEVEST REALTY
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Investment Insights
Based on property information with market context.
This residential income property is a 2-bedroom, 2-bathroom half-duplex with approximately 990 square feet of living area. The layout includes a combined living and dining area, two bedrooms, and two full bathrooms with shower/tub combinations. An upgraded kitchen provides contemporary finishes and substantial cabinet storage. Outside, the property includes a fully fenced backyard and a covered one-car carport.
There is no HOA, providing flexibility for both owner occupancy and investment use. The property is positioned near SR 434, I-4, shopping, dining, schools, and other major roadways, with access to Downtown Orlando and surrounding Central Florida communities. Built in 1970, the home combines a practical floor plan with established residential improvements and convenient regional access.
There is no HOA, providing flexibility for both owner occupancy and investment use. The property is positioned near SR 434, I-4, shopping, dining, schools, and other major roadways, with access to Downtown Orlando and surrounding Central Florida communities. Built in 1970, the home combines a practical floor plan with established residential improvements and convenient regional access.
Key Highlights
- 2‑bedroom, 2‑bathroom half‑duplex
- Approximately 990 square feet of living area
- Upgraded kitchen with modern finishes and ample cabinet storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,157
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$243,140
$243.1K
Cap Rate 7%
$173,671
$173.7K
Cap Rate 9%
$135,078
$135.1K
Market Conditions
NOI Build-Up for 990 SF
Gross rent
$23.6K $23.88/SF
− Vacancy
−$1.5K −$1.55/SF
EGI
$22.1K $22.33/SF
− OpEx
−$9.9K −$10.05/SF
NOI
$12.2K $12.28/SF
Area
Seminole County, FL
Vacancy
6.50%
Lease Rate
$23.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$243,140
Cap Rate 7%
$173,671
Cap Rate 9%
$135,078
Alternative Uses
Best Use
Apartment 5plus
$173.7K
$152.0K – $202.6K
NOI $12,157 @ 7.0% cap · market cap 5.29%
Second Best
—
—
no second resolved use
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.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
1,651
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - Half-duplex offering updated interiors, private outdoor space, and no HOA restrictions.
Where is this residential income property 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: 2‑bedroom, 2‑bathroom half‑duplex; Approximately 990 square feet of living area; Upgraded kitchen with modern finishes and ample cabinet storage
