Updated Duplex with In-Unit
For Sale
$575,000
46 E PRINCETON ST, Orlando, FL 32804
Two-unit property with refreshed interiors, private laundry, and central access to Orlando and Winter Park destinations.
Property Size2,016 SF
Days on Market14
Property Features for 46 E PRINCETON ST
General Information
Standard status
Active
Size
2,016 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$8,520
Building Details
Building Size
2,016 SF
Year Built
1950
Listing Agency:
LPT REALTY, LLC
Listed By:
Tyler Gibson LLC · License #3454664
(877) 366-2213
Source:
Novaorlando
Added: Sep 9
Changed: Sep 20
Last Checked: Sep 21 at 6:54AM
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.
This two-unit residential property, built in 1950, offers a practical duplex configuration with large closets, washers and dryers, and recently painted interiors. Improvements include electrical and plumbing updates, a newer water heater and AC system, refreshed bathroom vanities, a replacement refrigerator, and a kitchen island. Existing furnishings may also be included with the sale.
The property is located at 46 E Princeton St in Orlando, approximately 0.9 miles from Edgewater Drive, 2.5 miles from Downtown Orlando, and 3.5 miles from Park Avenue in Winter Park. The units have been used for mid-term rentals and have maintained a 5-star Airbnb rating, providing an established rental-use history alongside the duplex layout.
The property is located at 46 E Princeton St in Orlando, approximately 0.9 miles from Edgewater Drive, 2.5 miles from Downtown Orlando, and 3.5 miles from Park Avenue in Winter Park. The units have been used for mid-term rentals and have maintained a 5-star Airbnb rating, providing an established rental-use history alongside the duplex layout.
Key Highlights
- Full duplex with two separate residential units
- Built in 1950 with updated electrical and plumbing systems
- Each unit includes large closets, a washer, and a dryer
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
$28,601
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
4.97%
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%
$572,020
$572.0K
Cap Rate 7%
$408,586
$408.6K
Cap Rate 9%
$317,789
$317.8K
Market Conditions
NOI Build-Up for 2,016 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
$43.5K $21.60/SF
− Vacancy
−$2.7K −$1.33/SF
EGI
$40.9K $20.27/SF
− OpEx
−$12.3K −$6.08/SF
NOI
$28.6K $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%
$572,020
Cap Rate 7%
$408,586
Cap Rate 9%
$317,789
Alternative Uses
Best Use
Multifamily LT 5
$408.6K
$357.5K – $476.7K
NOI $28,601 @ 7.0% cap · market cap 4.97%
Second Best
Apartment 5plus
$373.2K
$326.6K – $435.4K
NOI $26,126 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$649.4K
$568.3K – $757.7K
NOI $45,460 @ 7.0% cap · market cap 7.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,605
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with refreshed interiors, private laundry, and central access to Orlando and Winter Park destinations.
Where is this duplex located?
The property is located at 46 E PRINCETON ST Orlando, FL.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Full duplex with two separate residential units; Built in 1950 with updated electrical and plumbing systems; Each unit includes large closets, a washer, and a dryer
