Two-Home Duplex
For Sale
$425,000
Pending
401 S HOLLY AVENUE, Sanford, FL 32771
Two detached residences feature separate utility meters, current tenants, and no HOA.
Property Size2,536 SF
Lot Size0.27 Acres
Days on Market520
Property Features for 401 S HOLLY AVENUE
General Information
Standard status
Pending
Size
2,536 SF
Lot size
0.27 Acres
Property subtype
Multi Family
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,832
Building Details
Year Built
1945
Buildings
2
Listing Agency:
FLORIDA REALTY MARKETPLACE
(863) 877-1915
Listed By:
Jenn Manzella · License #3383985
(863) 866-0335
Source:
Exitrealty
Added: May 15, 2025
Changed: Sep 2
Last Checked: Sep 15 at 5:34AM
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 FLORIDA REALTY MARKETPLACE
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Investment Insights
Based on property information with market context.
This duplex-style property comprises two detached single-family residences on a 0.27-acre lot. The combined property measures 2,536 SF and was built in 1945. Each home includes three bedrooms and one bathroom, while one residence also has a wood-burning fireplace. Both structures received 2021 roofs, and separate utility meters support distinct service management.
The homes are located at 401 S Holly Avenue in Sanford, approximately half a mile from Historic Downtown Sanford and 20 minutes north of Orlando. Downtown amenities include restaurants, breweries, gastropubs, boutique shopping, concerts, events, and a weekly farmers market. The property is tenant-occupied, with one residence occupied since 2021 and the other since 2023. There is no HOA.
The homes are located at 401 S Holly Avenue in Sanford, approximately half a mile from Historic Downtown Sanford and 20 minutes north of Orlando. Downtown amenities include restaurants, breweries, gastropubs, boutique shopping, concerts, events, and a weekly farmers market. The property is tenant-occupied, with one residence occupied since 2021 and the other since 2023. There is no HOA.
Key Highlights
- Two detached single‑family homes on a 0.27‑acre lot
- Combined property size of 2,536 SF; built in 1945
- Each residence offers 3 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,824
Cap Rate
7.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$676,480
$676.5K
Cap Rate 7%
$483,200
$483.2K
Cap Rate 9%
$375,822
$375.8K
Market Conditions
NOI Build-Up for 2,536 SF
Gross rent
$51.7K $20.40/SF
− Vacancy
−$3.4K −$1.35/SF
EGI
$48.3K $19.05/SF
− OpEx
−$14.5K −$5.72/SF
NOI
$33.8K $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 Rate 5%
$676,480
Cap Rate 7%
$483,200
Cap Rate 9%
$375,822
Alternative Uses
Best Use
Multifamily LT 5
$483.2K
$422.8K – $563.7K
NOI $33,824 @ 7.0% cap · market cap 7.96%
Second Best
Apartment 5plus
$444.9K
$389.3K – $519.1K
NOI $31,143 @ 7.0% cap · market cap 7.33%
Theoretical Best
Office A
$721.7K
$631.5K – $842.0K
NOI $50,517 @ 7.0% cap · market cap 11.89%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,558
Businesses Nearby
Explore this area
Business Placement
Demographics for 32771, FL
57,178
Population
24,062
Households
2.4
Avg Household Size
37
Median Age
35%
College-Educated
91%
High-School Grad
37.5 sq mi
ZIP Area
1,525
Density / Sq Mi
$74,520
Median Household Income
$43,321
Median Earnings
$1,584
Median Rent
$332,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two detached residences feature separate utility meters, current tenants, and no HOA.
Where is this duplex located?
The property is located at 401 S HOLLY AVENUE Sanford, FL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two detached single‑family homes on a 0.27‑acre lot; Combined property size of 2,536 SF; built in 1945; Each residence offers 3 bedrooms and 1 bathroom
