Four-Unit
For Sale
$899,900
412 E HARWOOD ST, Orlando, FL 32803
1920-built multifamily property combining updated interiors with period character.
Property Size1,886 SF
Price / SF$477.15
Days on Market177
Property Features for 412 E HARWOOD ST
General Information
Standard status
Active
Size
1,886 SF
Property subtype
Quadruplex
Additional Details
Furnished
No
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$10,217
Building Details
Building Size
1,886 SF
Year Built
1920
Listing Agency:
LPT REALTY, LLC
(321) 821-8446
Listed By:
Andres Ospina Rivera · License #3293879
Source:
Alignagents
Added: Feb 21
Changed: Aug 13
Last Checked: Aug 16 at 3:47PM
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 LPT REALTY, LLC
Investment Insights
Based on property information with market context.
Located at 412 E Harwood St in Orlando, this 1,886-square-foot quadplex contains four residential units with a combined five bedrooms and four bathrooms. Constructed in 1920, the property retains historic character while incorporating modern finishes and practical residential layouts.
Each unit includes living space, a kitchen, and bedroom accommodations. The property is in Orlando’s historic district, within walking distance of Lake Eola Park as well as restaurants, bars, theaters, and nightlife. Disney World, Universal Studios, and SeaWorld are described as a short drive away.
Each unit includes living space, a kitchen, and bedroom accommodations. The property is in Orlando’s historic district, within walking distance of Lake Eola Park as well as restaurants, bars, theaters, and nightlife. Disney World, Universal Studios, and SeaWorld are described as a short drive away.
Key Highlights
- Four residential units with 5 bedrooms and 4 bathrooms
- 1,886 SF quadplex built in 1920
- Modern finishes paired with historic character
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
$26,757
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
2.97%
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%
$535,140
$535.1K
Cap Rate 7%
$382,243
$382.2K
Cap Rate 9%
$297,300
$297.3K
Market Conditions
NOI Build-Up for 1,886 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
$40.7K $21.60/SF
− Vacancy
−$2.5K −$1.33/SF
EGI
$38.2K $20.27/SF
− OpEx
−$11.5K −$6.08/SF
NOI
$26.8K $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%
$535,140
Cap Rate 7%
$382,243
Cap Rate 9%
$297,300
Alternative Uses
Best Use
Multifamily LT 5
$382.2K
$334.5K – $446.0K
NOI $26,757 @ 7.0% cap · market cap 2.97%
Second Best
Apartment 5plus
$349.2K
$305.5K – $407.4K
NOI $24,441 @ 7.0% cap · market cap 2.72%
Theoretical Best
Office A
$607.5K
$531.6K – $708.8K
NOI $42,528 @ 7.0% cap · market cap 4.73%
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
8,533
Businesses Nearby
Explore this area
Business Placement
Demographics for 32803, FL
21,003
Population
12,225
Households
1.7
Avg Household Size
38
Median Age
59%
College-Educated
96%
High-School Grad
6.8 sq mi
ZIP Area
3,089
Density / Sq Mi
$101,401
Median Household Income
$61,439
Median Earnings
$1,823
Median Rent
$421,300
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 - 1920-built multifamily property combining updated interiors with period character.
Where is this quadplex located?
The property is located at 412 E HARWOOD ST Orlando, FL.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Four residential units with 5 bedrooms and 4 bathrooms; 1,886 SF quadplex built in 1920; Modern finishes paired with historic character
