Updated Duplex
For Sale
$239,999
5214 2ND Street, Orlando, FL 32810
Residential, ORLANDO, FL
Property Size1,386 SF
Lot Size0.11 Acres
Price / SF$173.16
Days on Market152
Property Features for 5214 2ND Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-2
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 3, Bedroom 1, Bedroom 2, Family Room, Dining Room, Bathroom 1
Interior features
Kitchen/Family Room Combo, L Dining, Living Room/Dining Room Combo
Exterior features
Private Entrance, Private Mailbox, Private Yard
Appliances
Dishwasher
Subdivision
FAIRVIEW GDNS
Lot features
Paved
Directions
From John Young turn right on second street home is on right
Standard status
Active
APN
04-22-29-2612-03-040
Size
1,386 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
FAIRVIEW GARDENS K/39 LOT 4 (LESS N 12 FT) BLK C
Tax Annual Amount
3011
Legal Description
FAIRVIEW GARDENS K/39 LOT 4 (LESS N 12 FT) BLK C
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1991
Floors in Building
1
Flooring type
Vinyl
Building materials
Block, Stucco
Roof type
Shingle
Listing Agency:
WORLD PROPERTIES GROUP
(407) 574-5920
Listed By:
Krasimira Kakarova · License #3327932
(240) 506-5959
Added: Apr 9
Changed: Sep 4
Last Checked: Sep 7 at 1:06AM
MLS# O6397878
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 1,386-square-foot half-duplex was built in 1991 and includes three bedrooms, two bathrooms, and an open living arrangement connecting the kitchen, dining, and family areas. Interior updates include luxury vinyl flooring, granite countertops, an oversized kitchen island, stainless steel appliances, and a wood-burning fireplace. Central heating and central air are also provided.
The residence occupies a 0.11-acre lot with a fully fenced backyard, private entrance, and private yard. The property is currently rented and carries R-2 zoning. Public water and septic service are in place, with cable available. No HOA is associated with the property.
The residence occupies a 0.11-acre lot with a fully fenced backyard, private entrance, and private yard. The property is currently rented and carries R-2 zoning. Public water and septic service are in place, with cable available. No HOA is associated with the property.
Key Highlights
- 3‑bedroom, 2‑bathroom half‑duplex with 1,386 square feet
- 0.11‑acre lot with an oversized, fully fenced backyard
- Currently rented and zoned R‑2
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
$19,663
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
8.19%
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%
$393,260
$393.3K
Cap Rate 7%
$280,900
$280.9K
Cap Rate 9%
$218,478
$218.5K
Market Conditions
NOI Build-Up for 1,386 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
$29.9K $21.60/SF
− Vacancy
−$1.8K −$1.33/SF
EGI
$28.1K $20.27/SF
− OpEx
−$8.4K −$6.08/SF
NOI
$19.7K $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%
$393,260
Cap Rate 7%
$280,900
Cap Rate 9%
$218,478
Alternative Uses
Best Use
Multifamily LT 5
$280.9K
$245.8K – $327.7K
NOI $19,663 @ 7.0% cap · market cap 8.19%
Second Best
Apartment 5plus
$256.6K
$224.5K – $299.4K
NOI $17,961 @ 7.0% cap · market cap 7.48%
Theoretical Best
Office A
$446.5K
$390.7K – $520.9K
NOI $31,254 @ 7.0% cap · market cap 13.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,184
Businesses Nearby
Explore this area
Business Placement
Demographics for 32810, FL
35,925
Population
14,849
Households
2.4
Avg Household Size
36
Median Age
26%
College-Educated
87%
High-School Grad
9.2 sq mi
ZIP Area
3,905
Density / Sq Mi
$58,462
Median Household Income
$37,983
Median Earnings
$1,545
Median Rent
$260,000
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 - Rented duplex unit with modern finishes, fenced outdoor space, and no HOA.
Where is this duplex located?
The property is located at 5214 2ND Street Orlando, FL.
What is the asking price?
The asking price for this property is $239,999.
What are key features of this property?
This property features: 3‑bedroom, 2‑bathroom half‑duplex with 1,386 square feet; 0.11‑acre lot with an oversized, fully fenced backyard; Currently rented and zoned R‑2
