Duplex on Large
638 & 640 E PALMETTO Avenue Longwood, FL 32750
For Sale
Under Contract
$285,000
MULTI_FAMILY - LONGWOOD, FL
Property Size1,974 SF
Lot Size0.32 Acres
Price / SF$144.38
Days on Market13
Property Features for 638 & 640 E PALMETTO Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- LDR
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bedroom 2, Bathroom 3, Bathroom 1, Bedroom 1, Bathroom 2
- Pets allowed
- Yes
- Interior features
- Ninguno
- Exterior features
- Lighting
- Standard status
- Active Under Contract
- APN
- 32-20-30-512-0P00-0060
- Size
- 1,974 SF
- Lot size
- 0.32 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOTS 6 + 7 BLK P LAKE WAYMAN HEIGHTS PB 3 PG 82
- Tax Annual Amount
- 453
Utilities
- Utilities
- Phone Available
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1986
- Floors in Building
- 1
- Building materials
- Frame
- Roof type
- Shingle
Listing Agency:
CHARLES RUTENBERG REALTY ORLANDO
(407) 622-2122
Listed By:
Tim Malone · License #3310918
(407) 765-6987
Added: Jul 14
Changed: Jul 22
Last Checked: Jul 26 at 12:06AM
MLS# O6424907
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 duplex consists of two sides at 638 and 640 E PalmetTO Avenue on a 0.32-acre lot. The property is reported to have over 1,900 square feet under air. The seller is offering the duplex “as is.”
According to the listing remarks, the tenants are scheduled to move out in the next 10 to 14 days, and the property is currently under contract with backup offers being accepted.
The property is zoned LDR, and the listing notes that a city park, Small World Park, is directly behind the house.
According to the listing remarks, the tenants are scheduled to move out in the next 10 to 14 days, and the property is currently under contract with backup offers being accepted.
The property is zoned LDR, and the listing notes that a city park, Small World Park, is directly behind the house.
Key Highlights
- Duplex on a large lot in Longwood
- Over 1,900 sq ft under air across both sides (640 & 638)
- Year built: 1986
Financial Insights For Apartment 5plus
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 | $47.1k | $23.88 |
| − Vacancy | −$3.1k | −$1.55 |
| EGI | $44.1k | $22.33 |
| − OpEx | −$19.8k | −$10.05 |
| NOI | $24.2k | $12.28 |
1,974 SF · lease $23.88/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$376.1K
$329.1K – $438.8K
NOI $26,328 @ 7.0% cap · market cap 9.24%
Second Best
Apartment 5plus
$346.3K
$303.0K – $404.0K
NOI $24,241 @ 7.0% cap · market cap 8.51%
Theoretical Best
Office A
$561.7K
$491.5K – $655.4K
NOI $39,322 @ 7.0% cap · market cap 13.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex with two units on a large lot in Longwood, offered as-is with tenants scheduled to move out soon.
Where is this duplex located?
The property is located at 638 & 640 E PALMETTO Avenue Longwood, FL.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Duplex on a large lot in Longwood; Over 1,900 sq ft under air across both sides (640 & 638); Year built: 1986
