Lakefront
New
For Sale
$700,000
3637 N ORANGE BLOSSOM, Orlando, FL 32804
Four one-bedroom residences overlook Lake Fairview in a central Orlando setting.
Property Size2,496 SF
Days on Market6
Property Features for 3637 N ORANGE BLOSSOM
General Information
Standard status
Active
Size
2,496 SF
Property subtype
Investment
Units
Unit Mix
4 x 1BR
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$4,378
Amenities
shared laundry room
storage room
Building Details
Building Size
2,496 SF
Year Built
1946
Buildings
2
Listing Agency:
Orlando Central Realty LLC DBA Keller Williams Realty at the Parks
(407) 907-0065
Listed By:
Judd Cheyney
(407) 907-0065
Source:
Elliman
Added: Aug 13
Changed: Aug 14
Last Checked: Aug 18 at 8:34AM
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 Orlando Central Realty LLC DBA Keller Williams Realty at the Parks
Investment Insights
Based on property information with market context.
This quadplex at 3637 N Orange Blossom in Orlando includes four one-bedroom units, each oriented toward Lake Fairview with lake views. The property also includes a separate parking structure containing shared laundry and storage areas. Built in 1946, the two-building setup provides residential units alongside supporting site improvements.
The property is positioned near Winter Park and Downtown Orlando, with access to shopping, restaurants, attractions, employment centers, entertainment, and major roadways. The adjacent vacant parcel to the north, which includes three trailers, is also offered for sale by the same owner and may be acquired separately or alongside the quadplex.
The property is positioned near Winter Park and Downtown Orlando, with access to shopping, restaurants, attractions, employment centers, entertainment, and major roadways. The adjacent vacant parcel to the north, which includes three trailers, is also offered for sale by the same owner and may be acquired separately or alongside the quadplex.
Key Highlights
- Four one‑bedroom units with Lake Fairview views
- Separate parking structure with shared laundry and storage room
- Two‑building property configuration
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
$35,411
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
5.06%
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%
$708,220
$708.2K
Cap Rate 7%
$505,871
$505.9K
Cap Rate 9%
$393,456
$393.5K
Market Conditions
NOI Build-Up for 2,496 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
$53.9K $21.60/SF
− Vacancy
−$3.3K −$1.33/SF
EGI
$50.6K $20.27/SF
− OpEx
−$15.2K −$6.08/SF
NOI
$35.4K $14.19/SF
Area
Orlando, FL
Vacancy
6.17%
Lease Rate
$21.60 /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%
$708,220
Cap Rate 7%
$505,871
Cap Rate 9%
$393,456
Alternative Uses
Best Use
Multifamily LT 5
$505.9K
$442.6K – $590.2K
NOI $35,411 @ 7.0% cap · market cap 5.06%
Second Best
Apartment 5plus
$462.1K
$404.3K – $539.1K
NOI $32,346 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$804.0K
$703.5K – $938.1K
NOI $56,283 @ 7.0% cap · market cap 8.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
767
Businesses Nearby
Explore this area
Business Placement
Demographics for 32804, FL
19,084
Population
10,127
Households
1.9
Avg Household Size
40
Median Age
61%
College-Educated
97%
High-School Grad
7.2 sq mi
ZIP Area
2,651
Density / Sq Mi
$113,466
Median Household Income
$61,227
Median Earnings
$1,717
Median Rent
$498,700
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?
Quadplex - Four one-bedroom residences overlook Lake Fairview in a central Orlando setting.
Where is this quadplex located?
The property is located at 3637 N ORANGE BLOSSOM Orlando, FL.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Four one‑bedroom units with Lake Fairview views; Separate parking structure with shared laundry and storage room; Two‑building property configuration
