Two-Unit
For Sale
$529,900
519 BLACKBIRD LANE A & B, Kissimmee, FL 34759
Built in 2025, the property contains two residences with six bedrooms and four bathrooms.
Property Size2,324 SF
Price / SF$228.01
Days on Market13
Property Features for 519 BLACKBIRD LANE A & B
General Information
Standard status
Active
Size
2,324 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Amenities
0.21 acres
Shingle
Public Sewer
Additional parcels description:, Parcel Number: 28-27-25-934060-075321, Public Survey Range: 28, Public Survey Section: 25, Annual Amount: $6,555.96, Tax Block: 753, Tax Book Number: 54-27/42, Legal Description: POINCIANA NEIGHBORHOOD 5 NORTH VILLAGE 3 PB 54 PGS 27/42 BLK 753 LOT 21, Lot: 21, Year: 2026, Zoning: PUD
Central Air
Central
Electric Dryer Hookup, Laundry Closet, Washer Hookup
Listing ID: MFRR4911738, Standard Status: Active, MLS Status: Active, Property Subtype: Duplex, On market as of 2026-08-01, 1 day on market, Special Conditions: None
6 total bedrooms
Built in 2025, Living area: 2324, Living area units: Square Feet, Construction Materials: Block
Subdivision: POINCIANA NBRHD 05 NORTH VILLAGE 03, MLS Area (Major): 34759 - Kissimmee / Poinciana, County/Parish: Polk
Completed
4 total bathrooms
Cable Available, Electricity Available, Water Source: Public
Slab
Allowed: Cats OK, Dogs OK
Road Surface: Asphalt
Lighting, Private Mailbox, Sliding Doors
Eat-in Kitchen, Primary Bedroom Main Floor, Stone Counters, Thermostat, Walk-In Closet(s)
Range
Association Fee: $165, Fee Frequency: Monthly
Building Details
Year Built
2025
Buildings
1
Listing Agency:
ANGEL HOMES REALTY FLORIDA
(407) 853-2777
Listed By:
Angel Oviedo · License #3407918
Source:
Miharaandassociates
Added: Aug 1
Changed: Aug 12
Last Checked: Aug 12 at 5:46AM
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 ANGEL HOMES REALTY FLORIDA
Investment Insights
Based on property information with market context.
This duplex was completed in 2025 and contains two separate residential units. Together, the units provide six bedrooms and four bathrooms within 2,324 square feet of property size. The layout offers a two-unit configuration suited to residential income use, with parking available on the property and a yard serving the residences.
The property is located at 519 Blackbird Lane A & B in Kissimmee, Florida 34759, within the Poinciana area. Its residential format and separate unit arrangement provide a straightforward physical setup for operating two dwellings at one address.
The property is located at 519 Blackbird Lane A & B in Kissimmee, Florida 34759, within the Poinciana area. Its residential format and separate unit arrangement provide a straightforward physical setup for operating two dwellings at one address.
Key Highlights
- Two residential units at 519 Blackbird Lane A & B
- Built in 2025
- Six total bedrooms and four bathrooms
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
$24,641
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
4.65%
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%
$492,820
$492.8K
Cap Rate 7%
$352,014
$352.0K
Cap Rate 9%
$273,789
$273.8K
Market Conditions
NOI Build-Up for 2,324 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
$37.6K $16.20/SF
− Vacancy
−$2.4K −$1.05/SF
EGI
$35.2K $15.15/SF
− OpEx
−$10.6K −$4.54/SF
NOI
$24.6K $10.60/SF
Area
Polk County, FL
Vacancy
6.50%
Lease Rate
$16.20 /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%
$492,820
Cap Rate 7%
$352,014
Cap Rate 9%
$273,789
Alternative Uses
Best Use
Multifamily LT 5
$352.0K
$308.0K – $410.7K
NOI $24,641 @ 7.0% cap · market cap 4.65%
Second Best
Apartment 5plus
$314.5K
$275.2K – $366.9K
NOI $22,013 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$558.5K
$488.7K – $651.6K
NOI $39,093 @ 7.0% cap · market cap 7.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
99
Businesses Nearby
Explore this area
Business Placement
Demographics for 34759, FL
42,067
Population
17,391
Households
2.4
Avg Household Size
42
Median Age
27%
College-Educated
87%
High-School Grad
75.4 sq mi
ZIP Area
558
Density / Sq Mi
$62,373
Median Household Income
$29,959
Median Earnings
$1,670
Median Rent
$271,400
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 - Built in 2025, the property contains two residences with six bedrooms and four bathrooms.
Where is this duplex located?
The property is located at 519 BLACKBIRD LANE A & B Kissimmee, FL.
What is the asking price?
The asking price for this property is $529,900.
What are key features of this property?
This property features: Two residential units at 519 Blackbird Lane A & B; Built in 2025; Six total bedrooms and four bathrooms
