Triplex with Updated
For Sale
$609,900
328 PINE STREET, Orlando, FL 32824
The fully occupied property includes remodeled interiors in two residences.
Property Size2,346 SF
Price / SF$259.97
Days on Market9
Property Features for 328 PINE STREET
General Information
Standard status
Active
Size
2,346 SF
Property subtype
Triplex
Occupancy
100%
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Additional Details
Gross Income
$62,400
Building Details
Year Built
1985
Buildings
1
Listing Agency:
ROI AVE LLC
(321) 663-7276
Listed By:
Maor Iluz · License #3498838
(321) 704-6072
Source:
Endlesssummerrealty
Added: Oct 1
Changed: Oct 7
Last Checked: Oct 7 at 12:19PM
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 ROI AVE LLC
Investment Insights
Based on property information with market context.
This Orlando triplex contains three 2-bedroom, 1-bath units and totals 2,346 square feet. Built in 1985, the property is fully occupied, and two units have been remodeled. The property is located at 328 Pine Street in Orlando, Florida.
Travel times from the property are approximately 7 minutes to Orlando International Airport, 9 minutes to Florida Mall, 15 minutes to Universal Orlando Resort, and 20 minutes to Walt Disney World / Magic Kingdom.
Travel times from the property are approximately 7 minutes to Orlando International Airport, 9 minutes to Florida Mall, 15 minutes to Universal Orlando Resort, and 20 minutes to Walt Disney World / Magic Kingdom.
Key Highlights
- Three units, each with 2 bedrooms and 1 bathroom
- 2,346 square feet; built in 1985
- All units occupied; two have been remodeled
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,370
Cap Rate
4.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$607,400
$607.4K
Cap Rate 7%
$433,857
$433.9K
Cap Rate 9%
$337,444
$337.4K
Market Conditions
NOI Build-Up for 2,346 SF
Gross rent
$46.5K $19.80/SF
− Vacancy
−$3.1K −$1.31/SF
EGI
$43.4K $18.49/SF
− OpEx
−$13.0K −$5.55/SF
NOI
$30.4K $12.95/SF
Area
ZIP 32824
Vacancy
6.60%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$607,400
Cap Rate 7%
$433,857
Cap Rate 9%
$337,444
Alternative Uses
Best Use
Multifamily LT 5
$433.9K
$379.6K – $506.2K
NOI $30,370 @ 7.0% cap · market cap 4.98%
Second Best
Apartment 5plus
$401.2K
$351.1K – $468.1K
NOI $28,086 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$734.4K
$642.6K – $856.8K
NOI $51,406 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
565
Businesses Nearby
Explore this area
Business Placement
Demographics for 32824, FL
57,412
Population
20,453
Households
2.8
Avg Household Size
36
Median Age
34%
College-Educated
90%
High-School Grad
33.5 sq mi
ZIP Area
1,714
Density / Sq Mi
$80,177
Median Household Income
$35,897
Median Earnings
$1,759
Median Rent
$354,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Triplex - The fully occupied property includes remodeled interiors in two residences.
Where is this triplex located?
The property is located at 328 PINE STREET Orlando, FL.
What is the asking price?
The asking price for this property is $609,900.
What are key features of this property?
This property features: Three units, each with 2 bedrooms and 1 bathroom; 2,346 square feet; built in 1985; All units occupied; two have been remodeled
