Four-Unit Detached Rental
454 LAKEPORT Cove Casselberry, FL 32707
454 LAKEPORT Cove, Casselberry, FL, 32707
$695,000
For Sale
Under Contract
$695,000
MULTI_FAMILY - CASSELBERRY, FL
Property Size4,040 SF
Lot Size0.85 Acres
Price / SF$172.03
Days on Market115
Property Features for 454 LAKEPORT Cove
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Zoning
- R-9
- Bedrooms
- 8
- Bathrooms
- 5
- Rooms
- Bedroom 6, Bedroom 1, Bedroom 4, Bedroom 5, Bathroom 4, Bathroom 3, Bathroom 2, Bedroom 2, Bathroom 5, Bedroom 8, Bedroom 3, Bedroom 7, Bathroom 1
- Window features
- Blinds
- Standard status
- Active Under Contract
- APN
- 08-21-30-501-0000-001A
- Size
- 4,040 SF
- Lot size
- 0.85 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- PT OF LOT 1 DESC AS BEG NW COR OF S 100 FT OF N 200 FT RUN E 377.55 FT S 100 FT W TO W LI OF LOT 1 NWLY ON W LI TO BEG (LESS BEG 208.35 FT E OF NW COR RUN S 8.94 FT E 33 FT N 8.94 FT W 33 FT TO BEG) ADD TO CENTRAL PARK PB 7 PG 9
- Tax Annual Amount
- 9907
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1948
- Building materials
- Block
- Roof type
- Shingle
Listing agency
JULIAN PROPERTIES, INC.
(407) 291-4900
Listed by
Bo Julian · License #641125
(407) 694-5843
Added: Mar 30 Updated: Jul 20 at 10:06PM Checked: Jul 22 at 4:06AM
MLS# O6393398
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.
For sale: a four-unit income-producing property consisting of four detached rental homes. The units are built with durable masonry construction, and the roofs are described as newer (approximately four years old). The property is offered as four separate rental homes on a single parcel measuring about 0.85 acres.
The offering is zoned R-9 and has an approximate current rent roll of $71,000 annually. Average rents are reported at approximately $1,650 per unit. Public remarks also note approximately $6,000 per year in insurance costs and minimal near-term capital expenditure requirements. Under contract-accepting backup offers.
The offering is zoned R-9 and has an approximate current rent roll of $71,000 annually. Average rents are reported at approximately $1,650 per unit. Public remarks also note approximately $6,000 per year in insurance costs and minimal near-term capital expenditure requirements. Under contract-accepting backup offers.
Key Highlights
- 4‑unit income property with four detached rental homes in the Casselberry submarket of the Orlando MSA
- 0.85‑acre parcel with durable block construction
- Current rent roll of approximately $71,000 annually
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $82.4k | $20.40 |
| − Vacancy | −$5.4k | −$1.35 |
| EGI | $77.0k | $19.05 |
| − OpEx | −$23.1k | −$5.72 |
| NOI | $53.9k | $13.34 |
4,040 SF · lease $20.40/SF/yr · vacancy 6.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$769.8K
$673.6K – $898.1K
NOI $53,884 @ 7.0% cap · market cap 7.75%
Second Best
Apartment 5plus
$708.7K
$620.2K – $826.9K
NOI $49,612 @ 7.0% cap · market cap 7.14%
Theoretical Best
Office A
$1.15M
$1.01M – $1.34M
NOI $80,477 @ 7.0% cap · market cap 11.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Florida Green Landscape ...
Landscaping
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four detached rental homes on a 0.85-acre parcel with newer roofs and an approximate $71,000 annual rent roll.
Where is this quadplex located?
The property is located at 454 LAKEPORT Cove Casselberry, FL.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 4‑unit income property with four detached rental homes in the Casselberry submarket of the Orlando MSA; 0.85‑acre parcel with durable block construction; Current rent roll of approximately $71,000 annually
