Single-Story
For Sale
$850,000
5214 JOSEPHINE Street, Orlando, FL 32803
Residential Income, ORLANDO, FL
Property Size2,472 SF
Lot Size0.27 Acres
Price / SF$343.85
Days on Market31
Property Features for 5214 JOSEPHINE Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R-2
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Dining Room, Bedroom 4, Bedroom 3, Bedroom 5, Bedroom 2, Laundry Room, Bathroom 3, Bathroom 1, Bedroom 1, Bedroom 6, Bathroom 2
Interior features
Living Room/Dining Room Combo, Open Floorplan, Stone Counters
Exterior features
Courtyard
Subdivision
SECOND ADD
Elementary school
Baldwin Park Elementary
Middle school
Glenridge Middle
High school
Winter Park High
Directions
From 408 exit Semoran Blvd (436) towards S. Semoram blvd, left onto Old Cheney Hwy, righ onto Josephime St to the property
Standard status
Active
APN
21-22-30-3944-03-010
Size
2,472 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SECOND ADDITION TO JAMAJO J/133 LOT 1 &N 33.5 FT OF LOT 2 BLK C SEE 4030/913
Tax Annual Amount
7226
Legal Description
SECOND ADDITION TO JAMAJO J/133 LOT 1 &N 33.5 FT OF LOT 2 BLK C SEE 4030/913
Utilities
Sewer type
Septic Tank
Cooling system
Central Air
Water source
Public
Amenities
tile flooring
separate laundry room
Building Details
Year built
1979
Flooring type
Tile - Ceramic
Building materials
Block, Stucco
Roof type
Shingle
Listing Agency:
LPT REALTY, LLC
(877) 366-2213
Listed By:
Jackie Cavada-Barrero · License #3092257
(407) 443-7776
Added: Aug 4
Changed: Aug 28
Last Checked: Sep 3 at 2:06PM
MLS# O6430470
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 single-story block triplex contains three separately leased residences, each configured with two bedrooms and one bathroom. The property provides 2,472 square feet of living area across 0.27 acre, with ceramic tile flooring, individual laundry rooms, open living and dining areas, stone counters, and a courtyard. Public water service and septic systems support the improvements, while central air and a shingle roof serve the building.
Capital work includes repiping and electrical improvements completed throughout all three units in 2021. One septic system was replaced in 2022, and the second was serviced and pumped in 2025. A new A/C system was installed in Unit 5214.Rood 2015. The property is located near Baldwin Park and Downtown Orlando, with access to Colonial Drive and SR 408. All three units are occupied; showings are by appointment only.
Capital work includes repiping and electrical improvements completed throughout all three units in 2021. One septic system was replaced in 2022, and the second was serviced and pumped in 2025. A new A/C system was installed in Unit 5214.Rood 2015. The property is located near Baldwin Park and Downtown Orlando, with access to Colonial Drive and SR 408. All three units are occupied; showings are by appointment only.
Key Highlights
- Three occupied 2‑bedroom, 1‑bath residences
- 2,472 square feet on a 0.27‑acre corner lot
- R‑2 zoning with public water and septic systems
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
$35,071
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
4.13%
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%
$701,420
$701.4K
Cap Rate 7%
$501,014
$501.0K
Cap Rate 9%
$389,678
$389.7K
Market Conditions
NOI Build-Up for 2,472 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
$53.4K $21.60/SF
− Vacancy
−$3.3K −$1.33/SF
EGI
$50.1K $20.27/SF
− OpEx
−$15.0K −$6.08/SF
NOI
$35.1K $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%
$701,420
Cap Rate 7%
$501,014
Cap Rate 9%
$389,678
Alternative Uses
Best Use
Multifamily LT 5
$501.0K
$438.4K – $584.5K
NOI $35,071 @ 7.0% cap · market cap 4.13%
Second Best
Apartment 5plus
$457.6K
$400.4K – $533.9K
NOI $32,035 @ 7.0% cap · market cap 3.77%
Theoretical Best
Office A
$796.3K
$696.8K – $929.0K
NOI $55,742 @ 7.0% cap · market cap 6.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,649
Businesses Nearby
Explore this area
Business Placement
Demographics for 32803, FL
21,003
Population
12,225
Households
1.7
Avg Household Size
38
Median Age
59%
College-Educated
96%
High-School Grad
6.8 sq mi
ZIP Area
3,089
Density / Sq Mi
$101,401
Median Household Income
$61,439
Median Earnings
$1,823
Median Rent
$421,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Fully occupied R-2 property with separate laundry rooms, ceramic tile flooring, and updated building systems.
Where is this triplex located?
The property is located at 5214 JOSEPHINE Street Orlando, 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: Three occupied 2‑bedroom, 1‑bath residences; 2,472 square feet on a 0.27‑acre corner lot; R‑2 zoning with public water and septic systems
