Four-Unit
46 N FAIRFAX Avenue Winter Springs, FL 32708
46 N FAIRFAX Avenue, Winter Springs, FL, 32708
$850,000
For Sale
$850,000
MULTI_FAMILY - WINTER SPRINGS, FL
Property Size3,636 SF
Lot Size0.24 Acres
Price / SF$233.77
Days on Market8
Property Features for 46 N FAIRFAX Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Zoning
- R-3
- Bedrooms
- 8
- Bathrooms
- 8
- Rooms
- Bathroom 4, Bathroom 2, Bedroom 4, Bedroom 6, Bathroom 5, Bathroom 6, Bedroom 2, Bathroom 1, Bedroom 8, Bathroom 7, Bedroom 1, Bedroom 7, Bedroom 5, Bedroom 3, Bathroom 8, Bathroom 3
- Interior features
- Ninguno
- Exterior features
- Courtyard
- Standard status
- Active
- APN
- 34-20-30-507-1800-0020
- Size
- 3,636 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOT 2 (LESS NLY 24 FT) & NLY 20 FT OF LOT 3 BLK 18 NORTH ORLANDO PB 12 PGS 10 & 11
- Tax Annual Amount
- 8528
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1981
- Floors in Building
- 2
- Building materials
- Brick
- Roof type
- Shingle
Listing agency
RE/MAX PRIME PROPERTIES
(407) 347-4512
Listed by
Brandon McCarter · License #3426042
(407) 257-1382
Added: Jul 15 Updated: Jul 21 at 3:51PM Checked: Jul 22 at 6:06PM
MLS# O6425466
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 fully leased two-story quadplex contains four identical units, each with two bedrooms and 1.5 bathrooms. Washer and dryer are inside each unit, and the listing states that all appliances were updated and units were maintained and updated within the last 12+ months. The property also includes ample parking for each unit, and tenants pay all utilities. The leases are described as long-term.
The site is located on N Fairfax Avenue in Winter Springs, with convenience to SR-434 a few blocks away. The property is also described as being a short distance from Sunshine Park and the Winter Springs police department, with public schools noted as being close by. Winter Springs Town Center is listed as 3 miles east.
Zoned R-3, the seller will consider seller financing, per the listing remarks.
The site is located on N Fairfax Avenue in Winter Springs, with convenience to SR-434 a few blocks away. The property is also described as being a short distance from Sunshine Park and the Winter Springs police department, with public schools noted as being close by. Winter Springs Town Center is listed as 3 miles east.
Zoned R-3, the seller will consider seller financing, per the listing remarks.
Key Highlights
- 4‑unit, 2‑story multifamily property in Winter Springs
- Each unit features 2 bedrooms and 1.5 bathrooms with an in‑unit washer and dryer
- Fully leased with long‑term leases in place; tenant pays all utilities
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 | $74.2k | $20.40 |
| − Vacancy | −$4.9k | −$1.35 |
| EGI | $69.3k | $19.05 |
| − OpEx | −$20.8k | −$5.72 |
| NOI | $48.5k | $13.34 |
3,636 SF · lease $20.40/SF/yr · vacancy 6.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$692.8K
$606.2K – $808.3K
NOI $48,495 @ 7.0% cap · market cap 5.71%
Second Best
Apartment 5plus
$637.9K
$558.1K – $744.2K
NOI $44,651 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$1.03M
$905.4K – $1.21M
NOI $72,429 @ 7.0% cap · market cap 8.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Fully leased four-unit, two-story property with in-unit washer/dryer and updated appliances from the past 12+ months.
Where is this quadplex located?
The property is located at 46 N FAIRFAX Avenue Winter Springs, FL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 4‑unit, 2‑story multifamily property in Winter Springs; Each unit features 2 bedrooms and 1.5 bathrooms with an in‑unit washer and dryer; Fully leased with long‑term leases in place; tenant pays all utilities
