Orlando Duplex Investment
5793 OLEANDER DRIVE, Orlando, FL 32807
Duplex with income potential near Orlando's key locations.
Type:Multi Family
Property size:
1,800 SFPrice / SF:
$236/SF- Added:
- Apr 2, 2025
- Days on Market:
- 426
- Last Refresh:
- May 28 at 7:53 am
Property Features for 5793 OLEANDER DRIVE
General Information
- Standard status
- Active
- Size
- 1,800 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1973
Listing agent Jenn Manzella License #3383985 (863) 866-0335
Listing office FLORIDA REALTY MARKETPLACE (863) 866-0335
Listing date Apr 2, 2025
Source Exitrealty
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 FLORIDA REALTY MARKETPLACE
HighLights
- High Income Potential: Generates $3,455 in combined monthly rental income.
- No HOA Fees: Reduces ownership costs and increases profitability.
- Duplex Structure: Features two separate units (3/2 and 2/1) for diversified income.
- Prime Orlando Location: Close proximity to Orlando International Airport, Downtown Orlando, Lake Eola, Baldwin Park, and major medical centers.
- Large Backyards: Each unit includes a spacious backyard, enhancing tenant appeal.
- Dedicated Driveway Parking: Each unit has its own dedicated driveway.
Overview
This duplex presents an investment opportunity with no HOA fees. It offers convenient access to East Colonial Drive (FL-50) and FL-436. The property features two units: one with 3 bedrooms and 2 bathrooms, and another with 2 bedrooms and 1 bathroom. Each unit includes a large backyard and dedicated driveway parking. Both units are currently occupied, generating a combined monthly income of $3,455. The property is located approximately 10 miles from Orlando International Airport, about 5 miles from downtown Orlando and Lake Eola, about 6 miles from Orlando Health Arnold Palmer Hospital and Regional Medical Center, and just 2 miles from Baldwin Park. The property size is 1800 square feet.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.9k | $21.60 |
| − Vacancy | −$2.4k | −$1.33 |
| EGI | $36.5k | $20.27 |
| − OpEx | −$10.9k | −$6.08 |
| NOI | $25.5k | $14.19 |
1,800 SF · lease $21.60/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$364.8K
$319.2K – $425.6K
NOI $25,537 @ 7.0% cap · market cap 6.01%
Second Best
Apartment 5plus
$333.2K
$291.6K – $388.8K
NOI $23,326 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$579.8K
$507.4K – $676.5K
NOI $40,589 @ 7.0% cap · market cap 9.55%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Orlando
- County
- Brevard
- State
- Florida
- Longitude
- -81.3088649
- Latitude
- 28.553787
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Duplex with income potential near Orlando's key locations.
Where is this duplex located?
The property is located at 5793 OLEANDER DRIVE Orlando, FL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: High Income Potential: Generates $3,455 in combined monthly rental income.; No HOA Fees: Reduces ownership costs and increases profitability.; Duplex Structure: Features two separate units (3/2 and 2/1) for diversified income.
