Ocoee Multifamily Investment
For Sale
$640,000
524 DOUGLAS EDWARD Dr, Ocoee, FL 34761
Multifamily property for sale in Ocoee, Florida.
Property Size2,487 SF
Lot Size0.19 Acres
Days on Market320
Property Features for 524 DOUGLAS EDWARD Dr
General Information
Standard status
Active
Size
2,487 SF
Lot size
0.19 Acres
Property subtype
Residential
Taxes and HOA fees
Annual Taxes
$8,689
Building Details
Building Size
2,487 SF
Year Built
2008
Stories
1
Listed By:
Florence Cicero Arguello
(407) 848-7482
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 11
Last Checked: Oct 12 at 8:33PM
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 Florence Cicero Arguello
Investment Insights
Based on property information with market context.
A multifamily property is available for sale in Ocoee, Florida. The list price is $715,000.
Key Highlights
- Year Built: 2008
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,541
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$610,820
$610.8K
Cap Rate 7%
$436,300
$436.3K
Cap Rate 9%
$339,344
$339.3K
Market Conditions
NOI Build-Up for 2,487 SF
Gross rent
$59.4K $23.88/SF
− Vacancy
−$3.9K −$1.55/SF
EGI
$55.5K $22.33/SF
− OpEx
−$25.0K −$10.05/SF
NOI
$30.5K $12.28/SF
Area
Orange County, FL
Vacancy
6.50%
Lease Rate
$23.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$610,820
Cap Rate 7%
$436,300
Cap Rate 9%
$339,344
Alternative Uses
Best Use
Apartment 5plus
$436.3K
$381.8K – $509.0K
NOI $30,541 @ 7.0% cap · market cap 4.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$707.7K
$619.3K – $825.7K
NOI $49,541 @ 7.0% cap · market cap 7.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
533
Businesses Nearby
Explore this area
Business Placement
Demographics for 34761, FL
48,193
Population
14,794
Households
3.3
Avg Household Size
37
Median Age
30%
College-Educated
85%
High-School Grad
17.5 sq mi
ZIP Area
2,754
Density / Sq Mi
$90,406
Median Household Income
$42,694
Median Earnings
$1,806
Median Rent
$363,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property for sale in Ocoee, Florida.
Where is this apartment building located?
The property is located at 524 DOUGLAS EDWARD Dr Ocoee, FL.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: Year Built: 2008
