Mixed-Use Property with 29
421 E KENNEDY Boulevard, Maitland, FL 32751
For Sale
$3,500,000
Commercial Sale, MAITLAND, FL
Property Size15,777 SF
Lot Size0.85 Acres
Price / SF$221.84
Days on Market476
Property Features for 421 E KENNEDY Boulevard
General Information
Property type
Property subtype
Zoning
Subdivision
Lot features
Directions
Standard status
APN
Size
Lot size
Additional Details
Mixed-Use Components
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Number of units
Building materials
Roof type
Buildings
Listing Agency:
CHARLES RUTENBERG REALTY ORLANDO
(407) 622-2122
Listed By:
David Washington · License FL SL3164865
(407) 579-1981
Added: Jul 25, 2025
Changed: Oct 28
Last Checked: Nov 12 at 6:06AM
MLS# O6330371
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.
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Investment Insights
Based on property information with market context.
This mixed-use property includes a 29-unit multifamily building, an adjoining commercial structure at 429 E. Kennedy Blvd, and a commercial lot at 34 N. West St. The combined property size is 15,777 square feet on 0.85 acres, with concrete and stucco construction. The multifamily building dates to 1967, and the roof was replaced in 2023.
The property is located in Maitland between Maitland and Winter Park, with public water and public sewer service. Heating is provided by ductless systems, while cooling is supplied by wall and window units. The C-3 zoning designation supports the property's mixed-use classification.
The property is located in Maitland between Maitland and Winter Park, with public water and public sewer service. Heating is provided by ductless systems, while cooling is supplied by wall and window units. The C-3 zoning designation supports the property's mixed-use classification.
Key Highlights
- 29‑unit multifamily building included
- 15,777 square feet across 0.85 acres
- Adjacent commercial building at 429 E. Kennedy Blvd
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$309,811
Cap Rate
8.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,196,220
$6.2M
Cap Rate 7%
$4,425,871
$4.4M
Cap Rate 9%
$3,442,344
$3.4M
Market Conditions
NOI Build-Up for 15,777 SF
Gross rent
$458.2K $29.04/SF
− Vacancy
−$15.6K −$0.99/SF
EGI
$442.6K $28.05/SF
− OpEx
−$132.8K −$8.42/SF
NOI
$309.8K $19.64/SF
Area
Orange County, FL
Vacancy
3.40%
Lease Rate
$29.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,196,220
Cap Rate 7%
$4,425,871
Cap Rate 9%
$3,442,344
Alternative Uses
Best Use
Retail
$4.43M
$3.87M – $5.16M
NOI $309,811 @ 7.0% cap · market cap 8.85%
Second Best
Mixed Use
$3.11M
$2.72M – $3.63M
NOI $217,723 @ 7.0% cap · market cap 6.22%
Theoretical Best
Specialty Retail
$4.74M
$4.15M – $5.53M
NOI $331,940 @ 7.0% cap · market cap 9.48%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
29
Residential units
Location Intelligence
Trade Area within ½ mile
657
Businesses Nearby
Explore this area
Business Placement
Demographics for 32751, FL
23,230
Population
10,730
Households
2.2
Avg Household Size
40
Median Age
56%
College-Educated
96%
High-School Grad
7.0 sq mi
ZIP Area
3,319
Density / Sq Mi
$94,277
Median Household Income
$51,357
Median Earnings
$1,841
Median Rent
$433,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Orange County, FL
Properties on Market for Mixed-use properties in Orange County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - C-3-zoned property combines multifamily and commercial components across a centrally positioned Maitland site.
Where is this mixed-use property located?
The property is located at 421 E KENNEDY Boulevard Maitland, FL.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 29‑unit multifamily building included; 15,777 square feet across 0.85 acres; Adjacent commercial building at 429 E. Kennedy Blvd
