Updated Duplex with Screened
For Sale
$550,000
6602 POT O GOLD Lane, Orlando, FL 32809
Residential Income, ORLANDO, FL
Property Size2,056 SF
Lot Size0.32 Acres
Price / SF$267.51
Days on Market181
Property Features for 6602 POT O GOLD Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-2
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 1, Bedroom 2, Bedroom 4, Bedroom 3
Window features
Blinds
Patio and Porch features
Deck, Porch, Patio
Interior features
Ceiling Fans(s), Primary Bedroom Main Floor
Exterior features
Sidewalk, Sliding Doors
Appliances
Range, Refrigerator
Subdivision
CASTLE PLACE
Lot features
Cul-De-Sac, In County, Sidewalk, Paved
Elementary school
Pershing Elem
Middle school
Judson B Walker Middle
High school
Oak Ridge High
Directions
South Orange Ave and Nela Ave, Left onto Nela Ave, Left onto Matchett RD, Left onto Rainbow Dr, Left onto Pot O Gold, Home will be on your right.
Standard status
Active
APN
25-23-29-1223-01-110
Size
2,056 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CASTLE PLACE 3/13 LOT 11 BLK A
Tax Annual Amount
7277
Legal Description
CASTLE PLACE 3/13 LOT 11 BLK A
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
screened porch
shared yard
Building Details
Year built
1970
Floors in Building
1
Flooring type
Tile - Ceramic, Carpet
Building materials
Block, Stucco
Roof type
Shingle
Listing Agency:
CREEGAN GROUP
(407) 622-1111
Listed By:
Timothy W Boon, PLLC · License #SL3277151
(321) 246-7930
Added: Mar 2
Changed: Aug 20
Last Checked: Aug 30 at 2:06PM
MLS# O6387811
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 full duplex contains two separate residences, each with 2 bedrooms, 2 bathrooms, a screened porch, and a one-car garage. Combined building area is 2,056 square feet, with each side providing just over 1,000 heated square feet. Kitchen and bathroom improvements have been completed during the current ownership period. Interior details include ceramic tile and carpet flooring, central heating and central air, ceiling fans, and main-level primary bedrooms. The block-and-stucco property was built in 1970 and sits on a 0.32-acre lot with a shared yard, sidewalk, patio, and deck.
Both units are leased, with lease terms extending through August and October 2026. The property is located in Orlando, Florida, near major highways, shopping, and local amenities. R-2 zoning, public water service, and a septic tank are in place.
Both units are leased, with lease terms extending through August and October 2026. The property is located in Orlando, Florida, near major highways, shopping, and local amenities. R-2 zoning, public water service, and a septic tank are in place.
Key Highlights
- Full duplex with 2,056 square feet of building area
- Each unit includes 2 bedrooms, 2 bathrooms, a screened porch, and a one‑car garage
- Both residences are leased through August and October 2026
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
$29,169
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
5.30%
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%
$583,380
$583.4K
Cap Rate 7%
$416,700
$416.7K
Cap Rate 9%
$324,100
$324.1K
Market Conditions
NOI Build-Up for 2,056 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
$44.4K $21.60/SF
− Vacancy
−$2.7K −$1.33/SF
EGI
$41.7K $20.27/SF
− OpEx
−$12.5K −$6.08/SF
NOI
$29.2K $14.19/SF
Area
Orlando, FL
Vacancy
6.17%
Lease Rate
$21.60 /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%
$583,380
Cap Rate 7%
$416,700
Cap Rate 9%
$324,100
Alternative Uses
Best Use
Multifamily LT 5
$416.7K
$364.6K – $486.2K
NOI $29,169 @ 7.0% cap · market cap 5.30%
Second Best
Apartment 5plus
$380.6K
$333.1K – $444.1K
NOI $26,644 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$662.3K
$579.5K – $772.7K
NOI $46,362 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
670
Businesses Nearby
Explore this area
Business Placement
Demographics for 32809, FL
29,478
Population
10,674
Households
2.8
Avg Household Size
36
Median Age
23%
College-Educated
79%
High-School Grad
10.4 sq mi
ZIP Area
2,834
Density / Sq Mi
$52,203
Median Household Income
$30,985
Median Earnings
$1,368
Median Rent
$281,000
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 - Two residences offer private garages, screened outdoor spaces, and a shared yard in a residential setting.
Where is this duplex located?
The property is located at 6602 POT O GOLD Lane Orlando, FL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Full duplex with 2,056 square feet of building area; Each unit includes 2 bedrooms, 2 bathrooms, a screened porch, and a one‑car garage; Both residences are leased through August and October 2026
