Updated Two-Unit
New
For Sale
$575,000
46 E PRINCETON Street, Orlando, FL 32804
Residential Income, ORLANDO, FL
Property Size2,016 SF
Lot Size0.15 Acres
Price / SF$285.22
Days on Market5
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
Bathroom 2, Bedroom 4, Bathroom 3, Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 3
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 and dryer
Building Details
Year built
1950
Flooring type
Tile - Ceramic
Building materials
Block, Stucco
Additional Structures
Storage
Listing Agency:
LPT REALTY, LLC
(877) 366-2213
Listed By:
Tyler Gibson LLC · License #3454664
(407) 590-9858
Added: Sep 6
Changed: Sep 10
Last Checked: Sep 10 at 9:06PM
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.
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 = 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
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Current Use
Lease Details
2
Residential units
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
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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 $575,000.
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
