Updated Two-Bedroom
For Sale
$240,000
608 E WARREN Avenue, Longwood, FL 32750
Residential, LONGWOOD, FL
Property Size1,080 SF
Lot Size0.08 Acres
Price / SF$222.22
Days on Market161
Property Features for 608 E WARREN Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
MDU
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Dining Room, Bedroom 1, Bathroom 1
Parking features
Driveway
Window features
Blinds
Patio and Porch features
Patio
Pets allowed
Yes
Interior features
Ceiling Fans(s), Eat-in Kitchen, Living Room/Dining Room Combo, Thermostat
Exterior features
Lighting, Private Entrance, Sidewalk, Sliding Doors
Appliances
Dishwasher, Electric Water Heater, Range, Range Hood, Refrigerator
Subdivision
WILDMERE
Elementary school
Longwood Elementary
Middle school
Milwee Middle
High school
Winter Springs High
Directions
Merge onto FL-417 N toward Sanford 3.2 mi Keep left to stay on FL-417 N 7.9 mi Take exit 44 for FL-434 W 0.4 mi Follow FL-434 W to E Warren Ave in Longwood 14 min (7.3 mi) Turn left onto FL-419 N/FL-434 W Continue to follow FL-434 W Pass by McDonald's (on the right in 2.3 mi) 7.0 mi Turn right onto S Wayman St 0.2 mi Turn left onto E Warren Ave Destination will be on the left
Standard status
Active
APN
32-20-30-510-0E00-0090
Size
1,080 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
PT OF LOTS 9 & 10 DESC AS BEG 42.15 FT E OF NW COR LOT 10 RUN E 33.85 FT S 100.06 FT W 34.23 FT N 100.04 FT TO BEG BLK E WILDMERE PB 1 PG 111
Tax Annual Amount
2213
Legal Description
PT OF LOTS 9 & 10 DESC AS BEG 42.15 FT E OF NW COR LOT 10 RUN E 33.85 FT S 100.06 FT W 34.23 FT N 100.04 FT TO BEG BLK E WILDMERE PB 1 PG 111
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
private backyard
Building Details
Year built
1985
Floors in Building
1
Flooring type
Tile, Carpet
Building materials
Block
Roof type
Shingle
Architectural style
Ranch
Listing Agency:
ALL COUNTY CFL PROPERTY MGMT
(407) 802-2379
Listed By:
Vicky Ramos
(689) 231-6171
Added: Apr 3
Changed: Sep 6
Last Checked: Sep 10 at 12:06PM
MLS# O6396270
Copyright © 2026 Stellar 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 1,080-square-foot half duplex presents a practical residential layout with two bedrooms, two full bathrooms, combined living and dining areas, and an eat-in kitchen. Recent interior improvements include new paint and brand-new carpet, complemented by tile flooring, central air, electric heating, ceiling fans, and a thermostat. The home also includes a private 1-car garage, driveway parking, a patio, sliding doors, and a private backyard.
Built in 1985 with block construction and ranch-style architecture, the property has public water and public sewer service. It is currently vacant and includes a dishwasher, range, range hood, refrigerator, and electric water heater. MDU zoning and the absence of an HOA provide additional context for evaluating the property as a duplex residence or income-producing asset.
Built in 1985 with block construction and ranch-style architecture, the property has public water and public sewer service. It is currently vacant and includes a dishwasher, range, range hood, refrigerator, and electric water heater. MDU zoning and the absence of an HOA provide additional context for evaluating the property as a duplex residence or income-producing asset.
Key Highlights
- 1,080 square feet with 2 bedrooms and 2 full bathrooms
- Half‑duplex configuration with a private 1‑car garage
- 0.08‑acre lot with private backyard and patio
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
$14,405
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
6.00%
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%
$288,100
$288.1K
Cap Rate 7%
$205,786
$205.8K
Cap Rate 9%
$160,056
$160.1K
Market Conditions
NOI Build-Up for 1,080 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
$22.0K $20.40/SF
− Vacancy
−$1.5K −$1.35/SF
EGI
$20.6K $19.05/SF
− OpEx
−$6.2K −$5.72/SF
NOI
$14.4K $13.34/SF
Area
Seminole County, FL
Vacancy
6.60%
Lease Rate
$20.40 /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%
$288,100
Cap Rate 7%
$205,786
Cap Rate 9%
$160,056
Alternative Uses
Best Use
Multifamily LT 5
$205.8K
$180.1K – $240.1K
NOI $14,405 @ 7.0% cap · market cap 6.00%
Second Best
Apartment 5plus
$189.5K
$165.8K – $221.1K
NOI $13,263 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$307.3K
$268.9K – $358.6K
NOI $21,514 @ 7.0% cap · market cap 8.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,092
Businesses Nearby
Explore this area
Business Placement
Demographics for 32750, FL
25,261
Population
10,541
Households
2.4
Avg Household Size
43
Median Age
37%
College-Educated
93%
High-School Grad
11.4 sq mi
ZIP Area
2,216
Density / Sq Mi
$85,227
Median Household Income
$48,311
Median Earnings
$1,633
Median Rent
$350,600
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
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Frequently Asked Questions
What type of property is this?
Duplex - Vacant duplex with refreshed interiors, two full bathrooms, a private garage, and backyard space.
Where is this duplex located?
The property is located at 608 E WARREN Avenue Longwood, FL.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: 1,080 square feet with 2 bedrooms and 2 full bathrooms; Half‑duplex configuration with a private 1‑car garage; 0.08‑acre lot with private backyard and patio
