Two-Unit Duplex on Corner
605 Mabbete Street Kissimmee, FL 34741
605 Mabbete Street, Kissimmee, FL, 34741
$595,000
For Sale
$595,000
MULTI_FAMILY - Other - Kissimmee, FL
Property Size1,902 SF
Lot Size0.25 Acres
Price / SF$312.83
Days on Market81
Property Features for 605 Mabbete Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Rooms
- Bedroom 3, Bedroom 2, Bedroom 1, Bedroom 6, Bedroom 5, Bedroom 4
- Standard status
- Active
- Size
- 1,902 SF
- Lot size
- 0.25 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2876
Utilities
- Water source
- Public
Building Details
- Year built
- 1938
- Flooring type
- Vinyl
- Building materials
- Cement Siding
- Architectural style
- Other
Listing Agency
La Rosa Realty Kissimmee
(407) 930-3530
3040 Loopdale Lane, Kissimmee, FL
Listed by
Emiliana Puche Espinoza · License #3644189
(407) 930-3530
Added: Apr 29 Checked: Jul 18 at 2:06 pm
MLS# 11745142
Listing URL
Copyright © 2026 My State 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 well-maintained duplex at 605 Mabbete Street consists of two separate units, each with two bedrooms and one bathroom. The property sits on a fully fenced corner lot and offers private entrances for each unit, supporting day-to-day separation and tenant privacy. The duplex is zoned T4-O, which can provide flexibility for residential income use within the applicable zoning framework.
Located in Kissimmee, the property is described as just a few blocks from Downtown Kissimmee. It’s also positioned near local shopping and dining and close to the Kissimmee Lakefront Park. For transportation access, the listing notes proximity to the Lynx intermodal bus station and SunRail, which may be a consideration for tenants who commute.
From an operator perspective, the layout can appeal to investors seeking a two-unit setup with independent entrances, as well as owner-occupants who want to live in one unit while renting the other. With a duplex configuration and zoning noted as T4-O, the property is a practical fit for buyers looking for straightforward residential income housing in Kissimmee.
Located in Kissimmee, the property is described as just a few blocks from Downtown Kissimmee. It’s also positioned near local shopping and dining and close to the Kissimmee Lakefront Park. For transportation access, the listing notes proximity to the Lynx intermodal bus station and SunRail, which may be a consideration for tenants who commute.
From an operator perspective, the layout can appeal to investors seeking a two-unit setup with independent entrances, as well as owner-occupants who want to live in one unit while renting the other. With a duplex configuration and zoning noted as T4-O, the property is a practical fit for buyers looking for straightforward residential income housing in Kissimmee.
Key Highlights
- Duplex with 2 separate units, each with 2 bedrooms and 1 bathroom
- Fully fenced corner lot with private entrances for each unit
- Zoned T4‑O, offering flexibility for owners or investors
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 | $30.8k | $16.20 |
| − Vacancy | −$2.0k | −$1.05 |
| EGI | $28.8k | $15.15 |
| − OpEx | −$8.6k | −$4.54 |
| NOI | $20.2k | $10.60 |
1,902 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$288.1K
$252.1K – $336.1K
NOI $20,167 @ 7.0% cap · market cap 3.39%
Second Best
Apartment 5plus
$257.4K
$225.2K – $300.3K
NOI $18,016 @ 7.0% cap · market cap 3.03%
Theoretical Best
Office A
$457.1K
$399.9K – $533.3K
NOI $31,995 @ 7.0% cap · market cap 5.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained duplex with two separate 2-bedroom, 1-bath units and private entrances on a fenced corner lot.
Where is this duplex located?
The property is located at 605 Mabbete Street Kissimmee, FL.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Duplex with 2 separate units, each with 2 bedrooms and 1 bathroom; Fully fenced corner lot with private entrances for each unit; Zoned T4‑O, offering flexibility for owners or investors
