Duplex with Two 2-Bedroom
For Sale
$384,000
511 N JOHN STREET, Orlando, FL 32835
Two tenant-occupied 2-bedroom, 1-bath units with recent roof and water heater updates and a large backyard.
Property Size1,664 SF
Price / SF$230.77
Days on Market14
Property Features for 511 N JOHN STREET
General Information
Standard status
Active
Size
1,664 SF
Property subtype
Duplex
Occupancy
100%
Additional Details
Gross Income
$36,000
Highway Access
Yes
Building Details
Year Built
1983
Tenancy
Multi
Listing Agency:
ELEGANT REALTY LLC
(407) 985-2840
Listed By:
Kissandra Macanthony · License #3320400
Source:
Dennisrealty
Added: Jul 28
Changed: Aug 9
Last Checked: Aug 9 at 5:07AM
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 ELEGANT REALTY LLC
Investment Insights
Based on property information with market context.
This well maintained duplex includes two tenant-occupied units, each offering a functional layout with comfortable living space and ample natural light. Both units are configured as 2 bedrooms and 1 bathroom. The property also features a large backyard for outdoor use. The total size is 1,664 SF, and the property was built in 1983.
Unit 513 is rented through HUD, and unit 511 is rented on a month-to-month lease with tenants responsible for utilities. Operational updates include a roof approximately 9 years old, a water heater approximately 4 years old, and a septic system that was pumped in January 2025.
Located minutes from Downtown Orlando with easy access to I-4 and SR 408, the duplex is positioned for convenient access to shopping, dining, schools, parks, and major employers.
Unit 513 is rented through HUD, and unit 511 is rented on a month-to-month lease with tenants responsible for utilities. Operational updates include a roof approximately 9 years old, a water heater approximately 4 years old, and a septic system that was pumped in January 2025.
Located minutes from Downtown Orlando with easy access to I-4 and SR 408, the duplex is positioned for convenient access to shopping, dining, schools, parks, and major employers.
Key Highlights
- Duplex with two tenant‑occupied units, each 2 bedrooms and 1 bathroom
- 1,664 SF duplex built in 1983
- Unit 513 rented through HUD; unit 511 on a month‑to‑month lease
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
$23,607
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
6.15%
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%
$472,140
$472.1K
Cap Rate 7%
$337,243
$337.2K
Cap Rate 9%
$262,300
$262.3K
Market Conditions
NOI Build-Up for 1,664 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
$35.9K $21.60/SF
− Vacancy
−$2.2K −$1.33/SF
EGI
$33.7K $20.27/SF
− OpEx
−$10.1K −$6.08/SF
NOI
$23.6K $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%
$472,140
Cap Rate 7%
$337,243
Cap Rate 9%
$262,300
Alternative Uses
Best Use
Multifamily LT 5
$337.2K
$295.1K – $393.5K
NOI $23,607 @ 7.0% cap · market cap 6.15%
Second Best
Apartment 5plus
$308.1K
$269.6K – $359.4K
NOI $21,564 @ 7.0% cap · market cap 5.62%
Theoretical Best
Office A
$536.0K
$469.0K – $625.4K
NOI $37,522 @ 7.0% cap · market cap 9.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
990
Businesses Nearby
Explore this area
Business Placement
Demographics for 32835, FL
45,380
Population
19,377
Households
2.3
Avg Household Size
36
Median Age
41%
College-Educated
92%
High-School Grad
9.4 sq mi
ZIP Area
4,828
Density / Sq Mi
$70,183
Median Household Income
$38,953
Median Earnings
$1,764
Median Rent
$333,000
Median Home Value
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 tenant-occupied 2-bedroom, 1-bath units with recent roof and water heater updates and a large backyard.
Where is this duplex located?
The property is located at 511 N JOHN STREET Orlando, FL.
What is the asking price?
The asking price for this property is $384,000.
What are key features of this property?
This property features: Duplex with two tenant‑occupied units, each 2 bedrooms and 1 bathroom; 1,664 SF duplex built in 1983; Unit 513 rented through HUD; unit 511 on a month‑to‑month lease
