Remodeled
New
For Sale
$259,000
6950 EDGEFIELD Lane, Orlando, FL 32822
Residential, ORLANDO, FL
Property Size998 SF
Lot Size0.11 Acres
Price / SF$259.52
Days on Market3
Property Features for 6950 EDGEFIELD Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-2
Bedrooms
3
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 1, Family Room, Bedroom 2, Bathroom 1, Bedroom 3
Parking features
Driveway
Window features
Skylight(s)
Pets allowed
Yes
Interior features
Kitchen/Family Room Combo
Appliances
Cooktop, Dishwasher, Disposal
Subdivision
MEADOW COVE
Directions
From Goldendrod, turn on Pershing, turn on Redditt, turn on Edgefield
Standard status
Active
APN
15-23-30-5566-00-390
Size
998 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
MEADOW COVE UNIT 2 10/62 LOT 39 (LESS BEG AT SE COR OF SAID LOT TH W 100 FT N 39.20 FT E 100 FT TO W R/W LINE OF EDGEFIELD LN TH SLY ALONG SAID R/W 39.20 FT TOPOB)
Tax Annual Amount
2491
Legal Description
MEADOW COVE UNIT 2 10/62 LOT 39 (LESS BEG AT SE COR OF SAID LOT TH W 100 FT N 39.20 FT E 100 FT TO W R/W LINE OF EDGEFIELD LN TH SLY ALONG SAID R/W 39.20 FT TOPOB)
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1981
Floors in Building
1
Flooring type
Tile
Building materials
Block
Roof type
Shingle
Architectural style
Ranch
Listing Agency:
SAND DOLLAR REALTY GROUP INC
(407) 389-7318
Listed By:
Robert Arnold, Jr · License #627826
(407) 389-7318
Added: Aug 27
Changed: Aug 28
Last Checked: Aug 29 at 10:06PM
MLS# O6436055
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 998-square-foot duplex sits on a 0.11-acre lot and was built in 1981 with block construction, a shingle roof, tile flooring, and ranch-style architecture. The interior includes a kitchen and family room combination, three identified bedrooms, and one bathroom. Recent improvements include new flooring, cabinets, appliances, and bathtub and tile work. Kitchen equipment includes a cooktop, dishwasher, and disposal.
The property is located in Orlando, Florida, within the 32822 postal area, and is zoned R-2. Public water and public sewer serve the property. Electric heating, central air conditioning, and driveway parking are also provided.
The property is located in Orlando, Florida, within the 32822 postal area, and is zoned R-2. Public water and public sewer serve the property. Electric heating, central air conditioning, and driveway parking are also provided.
Key Highlights
- 998 SF duplex on a 0.11‑acre lot
- R‑2 zoning in Orlando, FL 32822
- Interior updates include floors, cabinets, appliances, bathtub, and tile
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
$14,109
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
5.45%
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%
$282,180
$282.2K
Cap Rate 7%
$201,557
$201.6K
Cap Rate 9%
$156,767
$156.8K
Market Conditions
NOI Build-Up for 998 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
$21.6K $21.60/SF
− Vacancy
−$1.4K −$1.40/SF
EGI
$20.2K $20.20/SF
− OpEx
−$6.0K −$6.06/SF
NOI
$14.1K $14.14/SF
Area
ZIP 32822
Vacancy
6.50%
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%
$282,180
Cap Rate 7%
$201,557
Cap Rate 9%
$156,767
Alternative Uses
Best Use
Multifamily LT 5
$201.6K
$176.4K – $235.2K
NOI $14,109 @ 7.0% cap · market cap 5.45%
Second Best
Apartment 5plus
$183.8K
$160.8K – $214.4K
NOI $12,864 @ 7.0% cap · market cap 4.97%
Theoretical Best
Specialty Retail
$300.0K
$262.5K – $350.0K
NOI $20,997 @ 7.0% cap · market cap 8.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
281
Businesses Nearby
Explore this area
Business Placement
Demographics for 32822, FL
64,120
Population
27,437
Households
2.3
Avg Household Size
37
Median Age
26%
College-Educated
88%
High-School Grad
13.6 sq mi
ZIP Area
4,715
Density / Sq Mi
$52,944
Median Household Income
$31,368
Median Earnings
$1,609
Median Rent
$222,000
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?
Duplex - Ranch-style duplex with updated interior finishes, central air, public utilities, and driveway parking.
Where is this duplex located?
The property is located at 6950 EDGEFIELD Lane Orlando, FL.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: 998 SF duplex on a 0.11‑acre lot; R‑2 zoning in Orlando, FL 32822; Interior updates include floors, cabinets, appliances, bathtub, and tile
