Modern Duplex Income
For Sale
$479,900
642 HERALDO COURT, Kissimmee, FL 34758
Built in 2020, this duplex features two fully leased units with 3 bedrooms and 2 bathrooms each.
Property Size2,205 SF
Price / SF$217.64
Days on Market63
Property Features for 642 HERALDO COURT
General Information
Standard status
Active
Size
2,205 SF
Property subtype
Duplex
Occupancy
100%
Additional Details
Multifamily Units
2
Amenities
0.21 acres
Shingle
Public Sewer
Additional parcels description:, Parcel Number: 25-26-28-6128-1809-0210, Public Survey Range: 28, Public Survey Section: 25, Annual Amount: $5,795, Tax Block: 1809, Tax Book Number: 3-39, Legal Description: POINCIANA V1 NBD 3W PB 3 PG 39-49 BLK 1809 LOT 21 12/27/28, Lot: 21, Year: 2025, Zoning: OPUD
Central Air
Central, Electric
Laundry Room
Listing ID: MFRO6423198, Standard Status: Active, MLS Status: Active, Property Subtype: Duplex, On market as of 2026-07-07, 56 days on market, Special Conditions: None
2 carport spaces
6 total bedrooms
Built in 2020, Living area: 2205, Living area units: Square Feet, Levels: One, Construction Materials: Block, Concrete, Stucco
Subdivision: POINCIANA VILLAGE 1 NBHD 3 WEST, MLS Area (Major): 34758 - Kissimmee / Poinciana, County/Parish: Osceola
Completed
4 total bathrooms
Cable Available, Public, Underground Utilities, Water Available, Water Source: Public
Block, Concrete Perimeter, Slab
Close Of Escrow
Allowed: Yes
Electricity, Water
Road Surface: Asphalt, Paved
Sidewalk
Ceiling Fans(s), Kitchen/Family Room Combo, Primary Bedroom Main Floor, Solid Wood Cabinets, Thermostat, Walk-In Closet(s)
Association Fee: $165, Fee Frequency: Monthly
Building Details
Year Built
2020
Construction
concrete block
Listing Agency:
LIFESTYLE INTERNATIONAL REALTY
(305) 809-8085
Listed By:
Jennifer Bolanos · License #3424829
Source:
Miharaandassociates
Added: Jul 7
Changed: Sep 6
Last Checked: Sep 7 at 7:08AM
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 LIFESTYLE INTERNATIONAL REALTY
Investment Insights
Based on property information with market context.
Built in 2020, this well-maintained duplex is configured as two separate residential units, each offering 3 bedrooms and 2 bathrooms with modern finishes, tile flooring, and open floor plans. The structure is concrete block, supporting durable, practical construction. Both units are currently leased, providing existing rental income.
The property is offered for sale and is accessed via its residential setting at 642 Heraldo Court in Kissimmee. The public remarks note convenient proximity to schools, shopping, parks, hospitals, and major roadways, with easy access to Kissimmee, Lake Nona, Orlando, and nearby attractions.
Low HOA is referenced in the remarks at $165 per month, including internet and cable. Appointment is required, and tenants should not be disturbed. Lease information and additional financial details are available upon request.
The property is offered for sale and is accessed via its residential setting at 642 Heraldo Court in Kissimmee. The public remarks note convenient proximity to schools, shopping, parks, hospitals, and major roadways, with easy access to Kissimmee, Lake Nona, Orlando, and nearby attractions.
Low HOA is referenced in the remarks at $165 per month, including internet and cable. Appointment is required, and tenants should not be disturbed. Lease information and additional financial details are available upon request.
Key Highlights
- Duplex built in 2020 with two fully leased units
- Each unit has 3 bedrooms and 2 bathrooms with an open floor plan
- Both units rented at $1,800/month for $3,600 monthly gross income ($43,200 annually)
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
$23,379
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
4.87%
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%
$467,580
$467.6K
Cap Rate 7%
$333,986
$334.0K
Cap Rate 9%
$259,767
$259.8K
Market Conditions
NOI Build-Up for 2,205 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
$35.7K $16.20/SF
− Vacancy
−$2.3K −$1.05/SF
EGI
$33.4K $15.15/SF
− OpEx
−$10.0K −$4.54/SF
NOI
$23.4K $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%
$467,580
Cap Rate 7%
$333,986
Cap Rate 9%
$259,767
Alternative Uses
Best Use
Multifamily LT 5
$334.0K
$292.2K – $389.7K
NOI $23,379 @ 7.0% cap · market cap 4.87%
Second Best
Apartment 5plus
$298.4K
$261.1K – $348.1K
NOI $20,886 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$529.9K
$463.7K – $618.2K
NOI $37,092 @ 7.0% cap · market cap 7.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
217
Businesses Nearby
Explore this area
Business Placement
Demographics for 34758, FL
43,282
Population
14,977
Households
2.9
Avg Household Size
36
Median Age
18%
College-Educated
89%
High-School Grad
26.1 sq mi
ZIP Area
1,658
Density / Sq Mi
$67,128
Median Household Income
$35,057
Median Earnings
$1,780
Median Rent
$280,000
Median Home Value
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 - Built in 2020, this duplex features two fully leased units with 3 bedrooms and 2 bathrooms each.
Where is this duplex located?
The property is located at 642 HERALDO COURT Kissimmee, FL.
What is the asking price?
The asking price for this property is $479,900.
What are key features of this property?
This property features: Duplex built in 2020 with two fully leased units; Each unit has 3 bedrooms and 2 bathrooms with an open floor plan; Both units rented at $1,800/month for $3,600 monthly gross income ($43,200 annually)
