Three-Bedroom
For Sale
$493,000
737 Bittern Ln, Kissimmee, FL 34759
Two matching residences provide flexible occupancy options in a connected Kissimmee setting near shopping, dining, and regional attractions.
Property Size2,398 SF
Price / SF$205.59
Days on Market240
Property Features for 737 Bittern Ln
General Information
Standard status
Active
Size
2,398 SF
Property subtype
Residential Income
Occupancy
50%
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$5,423
Building Details
Buildings
1
Listing Agency:
exp realty llc
Listed By:
Shannelle Lopez · License #3610342
(888) 883-8509
Source:
Exprealty
Added: Jan 6
Changed: Sep 2
Last Checked: Sep 2 at 12:03AM
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 exp realty llc
Investment Insights
Based on property information with market context.
This duplex contains 2,398 square feet of total living space across two matching residences. Each unit offers three bedrooms, two full bathrooms, open living areas, generous bedroom dimensions, and functional floor plans. One residence is occupied through July 31, 2027, while the other is available for immediate use.
The property is located in Kissimmee with access to major highways, shopping centers, restaurants, theme parks, and Orlando International Airport. Surrounding amenities and services support convenient day-to-day living and provide access to the broader Central Florida area.
The property is located in Kissimmee with access to major highways, shopping centers, restaurants, theme parks, and Orlando International Airport. Surrounding amenities and services support convenient day-to-day living and provide access to the broader Central Florida area.
Key Highlights
- 2,398 square feet of total living space
- Two matching units, each with 3 bedrooms and 2 full bathrooms
- One unit occupied through July 31, 2027
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
$25,426
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
5.16%
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%
$508,520
$508.5K
Cap Rate 7%
$363,229
$363.2K
Cap Rate 9%
$282,511
$282.5K
Market Conditions
NOI Build-Up for 2,398 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
$38.8K $16.20/SF
− Vacancy
−$2.5K −$1.05/SF
EGI
$36.3K $15.15/SF
− OpEx
−$10.9K −$4.54/SF
NOI
$25.4K $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%
$508,520
Cap Rate 7%
$363,229
Cap Rate 9%
$282,511
Alternative Uses
Best Use
Multifamily LT 5
$363.2K
$317.8K – $423.8K
NOI $25,426 @ 7.0% cap · market cap 5.16%
Second Best
Apartment 5plus
$324.5K
$283.9K – $378.6K
NOI $22,714 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$576.3K
$504.2K – $672.3K
NOI $40,338 @ 7.0% cap · market cap 8.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
50%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
102
Businesses Nearby
Explore this area
Business Placement
Demographics for 34759, FL
42,067
Population
17,391
Households
2.4
Avg Household Size
42
Median Age
27%
College-Educated
87%
High-School Grad
75.4 sq mi
ZIP Area
558
Density / Sq Mi
$62,373
Median Household Income
$29,959
Median Earnings
$1,670
Median Rent
$271,400
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 - Two matching residences provide flexible occupancy options in a connected Kissimmee setting near shopping, dining, and regional attractions.
Where is this duplex located?
The property is located at 737 Bittern Ln Kissimmee, FL.
What is the asking price?
The asking price for this property is $493,000.
What are key features of this property?
This property features: 2,398 square feet of total living space; Two matching units, each with 3 bedrooms and 2 full bathrooms; One unit occupied through July 31, 2027
