Corner-Lot Duplex
New
For Sale
$289,900
3302 ROYAL Street, Winter Park, FL 32792
Residential, WINTER PARK, FL
Property Size1,197 SF
Lot Size0.14 Acres
Price / SF$242.19
Days on Market2
Property Features for 3302 ROYAL Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-2
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Dining Room, Bathroom 1, Bedroom 2, Bedroom 3, Bedroom 1
Parking features
On Street, Driveway
Window features
Aluminum Frames
Pets allowed
Yes
Interior features
Cathedral Ceiling(s), Living Room/Dining Room Combo
Exterior features
Sidewalk
Fireplace
1
Appliances
Dishwasher, Disposal, Microwave, Range
Subdivision
CORONATION ADD
Lot features
Corner Lot, Oversized Lot
Elementary school
Aloma Elem
Middle school
Glenridge Middle
High school
Winter Park High
Directions
SEMORAN BLVD, E @ UNIVERSITY BLVD, R @ FORTSIGHT RD, R @ QUEEN MARY, House on northwest corner of QUEEN MARY AND ROYAL STREET.
Standard status
Active
APN
10-22-30-1736-00-400
Size
1,197 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CORONATION ADDITION 11/26 LOT 40 (LESS BEG MOST NLY COR OF LOT 40 RUN S 45 DEG W140 FT S 45 DEG E 40.8 FT N 45 DEG E 140 FT N 45 DEG W 40.8 FT TO POB)
Tax Annual Amount
3282
Legal Description
CORONATION ADDITION 11/26 LOT 40 (LESS BEG MOST NLY COR OF LOT 40 RUN S 45 DEG W140 FT S 45 DEG E 40.8 FT N 45 DEG E 140 FT N 45 DEG W 40.8 FT TO POB)
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
tile flooring
granite countertops
eat-in kitchen
kitchen bar
cathedral ceilings
Building Details
Year built
1983
Floors in Building
1
Flooring type
Tile - Ceramic, Vinyl
Building materials
Block
Roof type
Shingle
Architectural style
Contemporary
Listing Agency:
SAND DOLLAR REALTY GROUP INC
(407) 389-7318
Listed By:
Robert Arnold, Jr · License #627826
(407) 389-7318
Added: Aug 28
Changed: Aug 29
Last Checked: Aug 29 at 9:06PM
MLS# O6437344
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 1,197-square-foot duplex property, built in 1983, sits on a 0.14-acre corner lot and features a three-bedroom, two-bathroom layout. Interior details include ceramic tile and vinyl flooring, a kitchen with granite countertops, an eat-in area, a breakfast bar opening to the great room, and cathedral ceilings. The home also includes a dining room, central heating and air conditioning, a fireplace, and a block construction exterior.
The property has R-2 zoning, public water, septic service, a shingle roof, and sidewalk frontage. Parking is available through the driveway and on-street spaces. The backyard provides room for a trailer, boat, RV, or truck, with the source information also identifying the potential to add a garage. Appliances include a dishwasher, disposal, microwave, and range.
The property has R-2 zoning, public water, septic service, a shingle roof, and sidewalk frontage. Parking is available through the driveway and on-street spaces. The backyard provides room for a trailer, boat, RV, or truck, with the source information also identifying the potential to add a garage. Appliances include a dishwasher, disposal, microwave, and range.
Key Highlights
- 1,197 SF duplex property on a 0.14‑acre corner lot
- Three bedrooms and two bathrooms with a split‑plan layout
- R‑2 zoning with no HOA
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
$15,965
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
5.51%
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%
$319,300
$319.3K
Cap Rate 7%
$228,071
$228.1K
Cap Rate 9%
$177,389
$177.4K
Market Conditions
NOI Build-Up for 1,197 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
$24.4K $20.40/SF
− Vacancy
−$1.6K −$1.35/SF
EGI
$22.8K $19.05/SF
− OpEx
−$6.8K −$5.72/SF
NOI
$16.0K $13.34/SF
Area
Orange 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%
$319,300
Cap Rate 7%
$228,071
Cap Rate 9%
$177,389
Alternative Uses
Best Use
Multifamily LT 5
$228.1K
$199.6K – $266.1K
NOI $15,965 @ 7.0% cap · market cap 5.51%
Second Best
Apartment 5plus
$210.0K
$183.8K – $245.0K
NOI $14,700 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$340.6K
$298.1K – $397.4K
NOI $23,844 @ 7.0% cap · market cap 8.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
992
Businesses Nearby
Explore this area
Business Placement
Demographics for 32792, FL
51,376
Population
24,169
Households
2.1
Avg Household Size
36
Median Age
42%
College-Educated
91%
High-School Grad
12.1 sq mi
ZIP Area
4,246
Density / Sq Mi
$66,176
Median Household Income
$39,326
Median Earnings
$1,612
Median Rent
$343,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Contemporary residence with tile flooring, granite counters, cathedral ceilings, and outdoor space without HOA restrictions.
Where is this duplex located?
The property is located at 3302 ROYAL Street Winter Park, FL.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: 1,197 SF duplex property on a 0.14‑acre corner lot; Three bedrooms and two bathrooms with a split‑plan layout; R‑2 zoning with no HOA
