Block Triplex With Private
For Sale
$600,000
618 MABBETTE Street, Kissimmee, FL 34741
Residential Income, KISSIMMEE, FL
Property Size2,384 SF
Lot Size0.20 Acres
Price / SF$251.68
Days on Market26
Property Features for 618 MABBETTE Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
KRB2
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Bedroom 2, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 6, Bathroom 3, Bathroom 1, Bedroom 4
Parking features
Driveway
Interior features
Ninguno
Exterior features
Private Yard
Subdivision
W A PATRICKS ADD
Lot features
Historic District, City Limits
Elementary school
Thacker Avenue Elem (K 5)
Middle school
Kissimmee Middle
High school
Osceola High School
Directions
Heading south on John Young Pkwy Turn left onto Mabbette St. Destination will be on the right
Standard status
Active
APN
21-25-29-1920-000C-0020
Size
2,384 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PATRICKS ADDN. BLK C E 73FT LOT 2 PB A PG 001
Tax Annual Amount
3161
Legal Description
PATRICKS ADDN. BLK C E 73FT LOT 2 PB A PG 001
Utilities
Sewer type
Public Sewer
Heating system
Ductless (Heating)
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1970
Floors in Building
1
Building materials
Block
Roof type
Shingle
Listing Agency:
EPIQUE REALTY INC.
(888) 893-3537
Listed By:
Hector Pagan, PA
(407) 791-4858
Added: Jul 30
Changed: Aug 20
Last Checked: Aug 24 at 9:06AM
MLS# O6429624
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 1970 triplex provides 2,384 square feet on a 0.2-acre parcel. The property is constructed with block materials and includes three bathrooms, six bedrooms, a private yard, and driveway parking. Shingle roofing, public water, and public sewer serve the property, while cooling is provided by wall and window units with ductless heating. Zoning is KRB2.
The address is in downtown Kissimmee, near SunRail, Lakefront Park, AdventHealth Kissimmee, and Osceola Regional Medical Center. Regional access is available via US-192, John Young Parkway, Osceola Parkway, and Florida's Turnpike. Walt Disney World and Orlando attractions are approximately 20–25 minutes away.
The address is in downtown Kissimmee, near SunRail, Lakefront Park, AdventHealth Kissimmee, and Osceola Regional Medical Center. Regional access is available via US-192, John Young Parkway, Osceola Parkway, and Florida's Turnpike. Walt Disney World and Orlando attractions are approximately 20–25 minutes away.
Key Highlights
- Triplex with 2,384 square feet of building area
- 0.2‑acre parcel in downtown Kissimmee
- Six bedrooms and three bathrooms
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
$25,277
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
4.21%
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%
$505,540
$505.5K
Cap Rate 7%
$361,100
$361.1K
Cap Rate 9%
$280,856
$280.9K
Market Conditions
NOI Build-Up for 2,384 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
$38.6K $16.20/SF
− Vacancy
−$2.5K −$1.05/SF
EGI
$36.1K $15.15/SF
− OpEx
−$10.8K −$4.54/SF
NOI
$25.3K $10.60/SF
Area
Polk County, FL
Vacancy
6.50%
Lease Rate
$16.20 /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%
$505,540
Cap Rate 7%
$361,100
Cap Rate 9%
$280,856
Alternative Uses
Best Use
Multifamily LT 5
$361.1K
$316.0K – $421.3K
NOI $25,277 @ 7.0% cap · market cap 4.21%
Second Best
Apartment 5plus
$322.6K
$282.3K – $376.4K
NOI $22,581 @ 7.0% cap · market cap 3.76%
Theoretical Best
Office A
$572.9K
$501.3K – $668.4K
NOI $40,103 @ 7.0% cap · market cap 6.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,355
Businesses Nearby
Explore this area
Business Placement
Demographics for 34741, FL
56,454
Population
22,043
Households
2.6
Avg Household Size
35
Median Age
28%
College-Educated
87%
High-School Grad
15.0 sq mi
ZIP Area
3,764
Density / Sq Mi
$50,278
Median Household Income
$30,415
Median Earnings
$1,591
Median Rent
$270,200
Median Home Value
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?
Triplex - Three-unit property with driveway parking, public utilities, and outdoor space in central Kissimmee.
Where is this triplex located?
The property is located at 618 MABBETTE Street Kissimmee, FL.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Triplex with 2,384 square feet of building area; 0.2‑acre parcel in downtown Kissimmee; Six bedrooms and three bathrooms
