Updated Two-Unit
For Sale
$559,800
46 E PRINCETON Street, Orlando, FL 32804
Residential Income, ORLANDO, FL
Property Size2,016 SF
Lot Size0.15 Acres
Price / SF$277.68
Days on Market51
Property Features for 46 E PRINCETON Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-2A/T/W
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 4, Bathroom 3, Bathroom 1
Parking features
Driveway
Interior features
Ceiling Fans(s), Thermostat, Walk-In Closet(s), Window Treatments
Exterior features
Sprinkler Metered, Storage
Subdivision
ROSEMERE SEC 02
Lot features
Corner Lot
View
City
Directions
From I-4, take the exit for Princeton Avenue. Head south on Formosa Avenue, then turn west onto King Street. The home is located at the corner of King Street and Amhurst Avenue.
Standard status
Active
APN
13-22-29-7728-06-120
Size
2,016 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ROSEMERE 2ND SECTION H/52 LOT 12 BLK F (LESS R/W PER ORB 1342/146)
Tax Annual Amount
8520
Legal Description
ROSEMERE 2ND SECTION H/52 LOT 12 BLK F (LESS R/W PER ORB 1342/146)
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
washer/dryer
Building Details
Year built
1950
Flooring type
Tile - Ceramic
Building materials
Block, Stucco
Additional Structures
Storage
Listing Agency:
LPT REALTY, LLC
Listed By:
Tyler Gibson LLC
(877) 366-2213
Added: Sep 6
Changed: Oct 25
Last Checked: Oct 26 at 2:06AM
MLS# O6440485
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 2,016-square-foot duplex includes two residential units with bedrooms, bathrooms, large closets, washers and dryers, walk-in closets, ceramic tile flooring, and freshly painted interiors. Each unit benefits from central heating and cooling, while the property also includes storage, a metered sprinkler connection, and driveway parking. Recent work includes electrical and plumbing updates, a newer water heater and AC system, refreshed bathroom vanities, a refrigerator, and a kitchen island.
The property occupies 0.15 acres at 46 E PRINCETON Street in Orlando's College Park area. It is 0.9 miles from Edgewater Drive, 2.5 miles from Downtown Orlando, and 3.5 miles from Park Avenue in Winter Park. R-2A/T/W zoning, public water, and public sewer are in place. The 1950-built property has been used for mid-term rentals and carries a 5-star Airbnb rating.
The property occupies 0.15 acres at 46 E PRINCETON Street in Orlando's College Park area. It is 0.9 miles from Edgewater Drive, 2.5 miles from Downtown Orlando, and 3.5 miles from Park Avenue in Winter Park. R-2A/T/W zoning, public water, and public sewer are in place. The 1950-built property has been used for mid-term rentals and carries a 5-star Airbnb rating.
Key Highlights
- 2,016‑square‑foot duplex on a 0.15‑acre lot
- R‑2A/T/W zoning with public water and public sewer
- 0.9 miles from Edgewater Drive and 2.5 miles from Downtown Orlando
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,601
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
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
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 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 5.11%
Second Best
Apartment 5plus
$373.2K
$326.6K – $435.4K
NOI $26,126 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$649.4K
$568.3K – $757.7K
NOI $45,460 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,605
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with updated systems, central cooling, a private driveway, and public utilities.
Where is this duplex located?
The property is located at 46 E PRINCETON Street Orlando, FL.
What is the asking price?
The asking price for this property is $559,800.
What are key features of this property?
This property features: 2,016‑square‑foot duplex on a 0.15‑acre lot; R‑2A/T/W zoning with public water and public sewer; 0.9 miles from Edgewater Drive and 2.5 miles from Downtown Orlando
