Leased 3-Unit
For Sale
$645,000
722 TUCKER Avenue, Orlando, FL 32807
Residential Income, ORLANDO, FL
Property Size1,782 SF
Lot Size0.30 Acres
Price / SF$361.95
Days on Market152
Property Features for 722 TUCKER Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R-1A
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1, Bathroom 3, Bedroom 3
Parking features
Driveway
Window features
Blinds
Interior features
Ceiling Fans(s), Open Floorplan, Stone Counters, Thermostat
Exterior features
Lighting, Sidewalk
Appliances
Microwave, Range, Refrigerator
Subdivision
PINE ACRES SUB
Lot features
In County, Oversized Lot, Sidewalk, Paved
Elementary school
Azalea Park Elem
Middle school
Roberto Clemente Middle
High school
Colonial High
Directions
Head west on FL-408 W, Take exit 14 for FL-436/Semoran Blvd toward Airport, Use the right 2 lanes to turn right onto FL-436/S Semoran Blvd, Turn right onto Oleander Dr, Turn left onto Tucker Ave, Destination will be on the left.
Standard status
Active
APN
22-22-30-6916-02-160
Size
1,782 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PINE ACRES SUB S/17 LOT 16 BLK B
Tax Annual Amount
4140
Legal Description
PINE ACRES SUB S/17 LOT 16 BLK B
Utilities
Sewer type
Septic Tank
Heating system
Ductless (Heating)
Cooling system
Central Air
Water source
Public
Amenities
washer and dryer
Building Details
Year built
1967
Floors in Building
1
Flooring type
Carpet, Terrazzo
Building materials
Block, Concrete
Roof type
Shingle
Listing Agency:
HOMEVEST REALTY
(407) 897-5400
Listed By:
Brad Young · License #3233578
(407) 897-5400
Added: Mar 31
Changed: Aug 25
Last Checked: Aug 29 at 5:06PM
MLS# O6395000
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 1,782-square-foot triplex on a 0.3-acre parcel contains three matching one-bedroom residences. Each unit provides one full bathroom, a kitchen, dining and living areas, plus a washer and dryer. All three leases are in place. The 1967 property has block and concrete construction, a shingle roof replaced in 2018, central air, ductless heating, and driveway parking. Public water and septic service support the property, with R-1A zoning.
The property is located at 722 Tucker Avenue in Orlando’s 32807 ZIP code, within the Azalea Park area. SR-408 is about ten minutes from Downtown Orlando and approximately fifteen minutes from MCO. SR-417, Semoran Boulevard, Colonial Drive, Baldwin Park, and Winter Park are also identified as nearby access, retail, dining, and service destinations.
The property is located at 722 Tucker Avenue in Orlando’s 32807 ZIP code, within the Azalea Park area. SR-408 is about ten minutes from Downtown Orlando and approximately fifteen minutes from MCO. SR-417, Semoran Boulevard, Colonial Drive, Baldwin Park, and Winter Park are also identified as nearby access, retail, dining, and service destinations.
Key Highlights
- Three residential units with leases already in place
- 1,782 square feet on a 0.3‑acre parcel
- Each unit includes 1 bedroom, 1 full bath, kitchen, dining area, living room, and washer and dryer
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
$25,281
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
3.92%
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%
$505,620
$505.6K
Cap Rate 7%
$361,157
$361.2K
Cap Rate 9%
$280,900
$280.9K
Market Conditions
NOI Build-Up for 1,782 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
$38.5K $21.60/SF
− Vacancy
−$2.4K −$1.33/SF
EGI
$36.1K $20.27/SF
− OpEx
−$10.8K −$6.08/SF
NOI
$25.3K $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%
$505,620
Cap Rate 7%
$361,157
Cap Rate 9%
$280,900
Alternative Uses
Best Use
Multifamily LT 5
$361.2K
$316.0K – $421.4K
NOI $25,281 @ 7.0% cap · market cap 3.92%
Second Best
Apartment 5plus
$329.9K
$288.7K – $384.9K
NOI $23,093 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$574.0K
$502.3K – $669.7K
NOI $40,183 @ 7.0% cap · market cap 6.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
787
Businesses Nearby
Explore this area
Business Placement
Demographics for 32807, FL
34,384
Population
13,906
Households
2.5
Avg Household Size
36
Median Age
25%
College-Educated
86%
High-School Grad
8.4 sq mi
ZIP Area
4,093
Density / Sq Mi
$59,583
Median Household Income
$32,667
Median Earnings
$1,471
Median Rent
$247,700
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?
Triplex - Three matching residences each include a kitchen, living and dining areas, one full bath, and a washer and dryer.
Where is this triplex located?
The property is located at 722 TUCKER Avenue Orlando, FL.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: Three residential units with leases already in place; 1,782 square feet on a 0.3‑acre parcel; Each unit includes 1 bedroom, 1 full bath, kitchen, dining area, living room, and washer and dryer
