Updated Half-Duplex with
For Sale
Under Contract
$289,000
7215 HARBOR HEIGHTS Circle, Orlando, FL 32835
Residential, ORLANDO, FL
Property Size1,513 SF
Lot Size0.13 Acres
Price / SF$191.01
Days on Market96
Property Features for 7215 HARBOR HEIGHTS Circle
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-3
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 2, Bathroom 1, Dining Room, Bathroom 2, Bedroom 3, Bedroom 1, Bathroom 3
Window features
Double Pane Windows, Blinds
Patio and Porch features
Porch
Pets allowed
Yes
Interior features
Ceiling Fans(s), High Ceilings, Living Room/Dining Room Combo, Open Floorplan, PrimaryBedroom Upstairs, Thermostat, Vaulted Ceiling(s), Walk-In Closet(s), Window Treatments
Exterior features
Private Yard, Sidewalk
Fireplace
1
Appliances
Dishwasher, Dryer, Electric Water Heater, Range, Refrigerator, Washer
Subdivision
HARBOR HEIGHTS PH 02
Lot features
Cleared, Sidewalk, Paved
Elementary school
Oak Hill Elem
Middle school
Gotha Middle
High school
Olympia High
Directions
Heading north on Hiawassee Rd, turn left onto Harbor Heights Cir, make a left and the first stop sign and drive around. Home is on the left.
Standard status
Active Under Contract
APN
26-22-28-3370-00-310
Size
1,513 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
HARBOR HEIGHTS PHASE 2 11/141 BEG NW CORLOT 31 RUN S 7 DEG W 118 FT S 16 DEG E26.4 FT NELY 32.53 FT N 7 DEG E 135.11 FT WLY 41.37 FT TO POB
Tax Annual Amount
2809
Legal Description
HARBOR HEIGHTS PHASE 2 11/141 BEG NW CORLOT 31 RUN S 7 DEG W 118 FT S 16 DEG E26.4 FT NELY 32.53 FT N 7 DEG E 135.11 FT WLY 41.37 FT TO POB
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1984
Floors in Building
2
Flooring type
Vinyl, Carpet, Tile
Building materials
Stucco
Roof type
Shingle
Listing Agency:
FLORIDA LUXURY REALTY INC
(727) 372-6611
Listed By:
Olivia Papin · License #3367249
(813) 445-9013
Added: Jun 11
Changed: Sep 13
Last Checked: Sep 14 at 1:06AM
MLS# TB8516481
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 1,513-square-foot half-duplex in Orlando offers three bedrooms, 2.5 bathrooms, and a two-story interior built around an open living and dining arrangement. The kitchen includes stainless steel appliances and a breakfast bar, while the upstairs primary suite features vaulted ceilings and a walk-in closet. Tile, carpet, and vinyl flooring are used throughout the home.
Major improvements include a new roof and new windows and doors, both completed in 2023, along with a new water heater dated 2026. The property also includes an oversized two-car garage, a porch, a fully fenced backyard, and sidewalk access. Central heating and cooling, public water, septic service, and cable availability are included among the property systems and utilities. The residence is zoned R-3 and has no HOA or CDD fees.
Major improvements include a new roof and new windows and doors, both completed in 2023, along with a new water heater dated 2026. The property also includes an oversized two-car garage, a porch, a fully fenced backyard, and sidewalk access. Central heating and cooling, public water, septic service, and cable availability are included among the property systems and utilities. The residence is zoned R-3 and has no HOA or CDD fees.
Key Highlights
- 1,513‑square‑foot half‑duplex with 3 bedrooms and 2.5 bathrooms
- New roof and new windows and doors completed in 2023
- New water heater dated 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
$21,465
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
7.43%
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%
$429,300
$429.3K
Cap Rate 7%
$306,643
$306.6K
Cap Rate 9%
$238,500
$238.5K
Market Conditions
NOI Build-Up for 1,513 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
$32.7K $21.60/SF
− Vacancy
−$2.0K −$1.33/SF
EGI
$30.7K $20.27/SF
− OpEx
−$9.2K −$6.08/SF
NOI
$21.5K $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%
$429,300
Cap Rate 7%
$306,643
Cap Rate 9%
$238,500
Alternative Uses
Best Use
Multifamily LT 5
$306.6K
$268.3K – $357.8K
NOI $21,465 @ 7.0% cap · market cap 7.43%
Second Best
Apartment 5plus
$280.1K
$245.1K – $326.8K
NOI $19,607 @ 7.0% cap · market cap 6.78%
Theoretical Best
Office A
$487.4K
$426.5K – $568.6K
NOI $34,117 @ 7.0% cap · market cap 11.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
429
Businesses Nearby
Explore this area
Business Placement
Demographics for 32835, FL
45,380
Population
19,377
Households
2.3
Avg Household Size
36
Median Age
41%
College-Educated
92%
High-School Grad
9.4 sq mi
ZIP Area
4,828
Density / Sq Mi
$70,183
Median Household Income
$38,953
Median Earnings
$1,764
Median Rent
$333,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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-story residence with an open floor plan, stainless steel appliances, and a fully fenced private yard.
Where is this duplex located?
The property is located at 7215 HARBOR HEIGHTS Circle Orlando, FL.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: 1,513‑square‑foot half‑duplex with 3 bedrooms and 2.5 bathrooms; New roof and new windows and doors completed in 2023; New water heater dated 2026
