Other Residential Income Property with
New
For Sale
$230,000
609 JERSEY AVENUE, Saint Cloud, FL 34769
Half-duplex layout includes a bonus room, screened patio, private pool, and attached garage.
Property Size1,431 SF
Price / SF$160.73
Days on Market6
Property Features for 609 JERSEY AVENUE
General Information
Standard status
Active
Size
1,431 SF
Total Parking Spaces
2
Property subtype
Half Duplex
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Amenities
private pool
screened patio
Building Details
Year Built
1973
Listing Agency:
EXP REALTY, LLC
(407) 734-8663
Listed By:
Karina Garate · License #3430069
Source:
Dennisrealty
Added: Sep 18
Changed: Sep 21
Last Checked: Sep 22 at 4:49PM
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 EXP REALTY, LLC
Investment Insights
Based on property information with market context.
This 1,431-square-foot half duplex, built in 1973, offers three bedrooms, two bathrooms, and a split-bedroom floor plan. Interior features include a living room, separate dining area, kitchen with breakfast bar and pantry, and a bonus room suited to office, flex, game, or additional living use. An attached two-car garage adds convenient parking and storage.
Outdoor features include a screened patio positioned beside the private pool. The property is being sold AS-IS and presents an existing residential income configuration with room for renovation or improvement. The St. Cloud address is near shopping, major roadways, and the East Lake Tohopekaliga area.
Outdoor features include a screened patio positioned beside the private pool. The property is being sold AS-IS and presents an existing residential income configuration with room for renovation or improvement. The St. Cloud address is near shopping, major roadways, and the East Lake Tohopekaliga area.
Key Highlights
- 1,431 square feet with three bedrooms and two bathrooms
- Half duplex with private pool and screened patio
- Attached 2‑car garage
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
$17,573
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
7.64%
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%
$351,460
$351.5K
Cap Rate 7%
$251,043
$251.0K
Cap Rate 9%
$195,256
$195.3K
Market Conditions
NOI Build-Up for 1,431 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
$34.2K $23.88/SF
− Vacancy
−$2.2K −$1.55/SF
EGI
$32.0K $22.33/SF
− OpEx
−$14.4K −$10.05/SF
NOI
$17.6K $12.28/SF
Area
Osceola County, FL
Vacancy
6.50%
Lease Rate
$23.88 /SF/Yr
Expense Ratio
45.00%
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%
$351,460
Cap Rate 7%
$251,043
Cap Rate 9%
$195,256
Alternative Uses
Best Use
Apartment 5plus
$251.0K
$219.7K – $292.9K
NOI $17,573 @ 7.0% cap · market cap 7.64%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$442.5K
$387.2K – $516.2K
NOI $30,974 @ 7.0% cap · market cap 13.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,024
Businesses Nearby
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Business Placement
Demographics for 34769, FL
27,594
Population
11,070
Households
2.5
Avg Household Size
40
Median Age
24%
College-Educated
89%
High-School Grad
10.6 sq mi
ZIP Area
2,603
Density / Sq Mi
$58,764
Median Household Income
$35,776
Median Earnings
$1,400
Median Rent
$271,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Half-duplex layout includes a bonus room, screened patio, private pool, and attached garage.
Where is this residential income property located?
The property is located at 609 JERSEY AVENUE Saint Cloud, FL.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: 1,431 square feet with three bedrooms and two bathrooms; Half duplex with private pool and screened patio; Attached 2‑car garage
