Updated Duplex with Tenant
For Sale
$489,000
5331 DAVISSON AVE, Orlando, FL 32810
Two residential units feature renovated kitchens and bathrooms, with occupants in place on month-to-month leases.
Property Size1,565 SF
Days on Market11
Property Features for 5331 DAVISSON AVE
General Information
Standard status
Active
Size
1,565 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$5,054
Building Details
Building Size
1,565 SF
Year Built
1984
Listing Agency:
SAND DOLLAR REALTY GROUP INC
Listed By:
Robert Arnold, Jr · License #627826
(407) 389-7318
Source:
Novaorlando
Added: Sep 12
Changed: Sep 15
Last Checked: Sep 21 at 6:59AM
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 SAND DOLLAR REALTY GROUP INC
Investment Insights
Based on property information with market context.
Built in 1984, this duplex contains two 2-bedroom, 1-bath units with updated kitchens and bathrooms. Granite countertops are included in the bathroom improvements, and the property has been repiped. Both units are occupied by established tenants under month-to-month leases.
Major capital work includes a new roof completed in 2023 and replacement of one HVAC system in 2025. The property offers access to I-4 and other major roadways, supporting convenient connections throughout the surrounding area.
Major capital work includes a new roof completed in 2023 and replacement of one HVAC system in 2025. The property offers access to I-4 and other major roadways, supporting convenient connections throughout the surrounding area.
Key Highlights
- Two 2‑bedroom, 1‑bath units
- Both units occupied by established tenants on month‑to‑month leases
- Updated kitchens and bathrooms with granite countertops
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
$22,203
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
4.54%
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%
$444,060
$444.1K
Cap Rate 7%
$317,186
$317.2K
Cap Rate 9%
$246,700
$246.7K
Market Conditions
NOI Build-Up for 1,565 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
$33.8K $21.60/SF
− Vacancy
−$2.1K −$1.33/SF
EGI
$31.7K $20.27/SF
− OpEx
−$9.5K −$6.08/SF
NOI
$22.2K $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%
$444,060
Cap Rate 7%
$317,186
Cap Rate 9%
$246,700
Alternative Uses
Best Use
Multifamily LT 5
$317.2K
$277.5K – $370.1K
NOI $22,203 @ 7.0% cap · market cap 4.54%
Second Best
Apartment 5plus
$289.7K
$253.5K – $338.0K
NOI $20,281 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$504.1K
$441.1K – $588.2K
NOI $35,290 @ 7.0% cap · market cap 7.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,012
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
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature renovated kitchens and bathrooms, with occupants in place on month-to-month leases.
Where is this duplex located?
The property is located at 5331 DAVISSON AVE Orlando, FL.
What is the asking price?
The asking price for this property is $489,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units; Both units occupied by established tenants on month‑to‑month leases; Updated kitchens and bathrooms with granite countertops
