Historic Multifamily
For Sale
$659,000
Pending
527 S OSCEOLA AVENUE, Orlando, FL 32801
Historic property offering income use or conversion to a single-family residence.
Property Size2,363 SF
Days on Market699
Property Features for 527 S OSCEOLA AVENUE
General Information
Standard status
Pending
Size
2,363 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$7,925
Building Details
Year Built
1894
Listing Agency:
OPTIMA REAL ESTATE
Listed By:
Craig Kesler · License #3486269
(407) 366-4500
Source:
Exitrealty
Added: Nov 15, 2024
Changed: Oct 13
Last Checked: Oct 12 at 4:56PM
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 OPTIMA REAL ESTATE
Investment Insights
Based on property information with market context.
Built in 1894, this 2,363-square-foot property is classified as a multifamily asset and retains the character of an early Orlando home. The property can support income-producing use or be converted back to a single-family residence, providing flexibility for an owner-user or investor.
The parcel measures more than 1/4 acre and is located near Lake Cherokee at 527 S Osceola Avenue in Orlando. Its age, residential format, and adaptable use profile distinguish it within the central Orlando setting.
The parcel measures more than 1/4 acre and is located near Lake Cherokee at 527 S Osceola Avenue in Orlando. Its age, residential format, and adaptable use profile distinguish it within the central Orlando setting.
Key Highlights
- 2,363‑square‑foot multifamily property built in 1894
- More than 1/4‑acre lot
- Can be operated as an income property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,622
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$612,440
$612.4K
Cap Rate 7%
$437,457
$437.5K
Cap Rate 9%
$340,244
$340.2K
Market Conditions
NOI Build-Up for 2,363 SF
Gross rent
$59.5K $25.20/SF
− Vacancy
−$3.9K −$1.64/SF
EGI
$55.7K $23.56/SF
− OpEx
−$25.1K −$10.60/SF
NOI
$30.6K $12.96/SF
Area
Orlando, FL
Vacancy
6.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$612,440
Cap Rate 7%
$437,457
Cap Rate 9%
$340,244
Alternative Uses
Best Use
Apartment 5plus
$437.5K
$382.8K – $510.4K
NOI $30,622 @ 7.0% cap · market cap 4.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$761.2K
$666.1K – $888.1K
NOI $53,284 @ 7.0% cap · market cap 8.09%
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
7,897
Businesses Nearby
Explore this area
Business Placement
Demographics for 32801, FL
17,728
Population
12,133
Households
1.5
Avg Household Size
36
Median Age
63%
College-Educated
95%
High-School Grad
2.2 sq mi
ZIP Area
8,058
Density / Sq Mi
$77,626
Median Household Income
$63,090
Median Earnings
$1,773
Median Rent
$397,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Historic property offering income use or conversion to a single-family residence.
Where is this multifamily property located?
The property is located at 527 S OSCEOLA AVENUE Orlando, FL.
What is the asking price?
The asking price for this property is $659,000.
What are key features of this property?
This property features: 2,363‑square‑foot multifamily property built in 1894; More than 1/4‑acre lot; Can be operated as an income property
