Duplex with Updated
For Sale
$389,000
737 E CHURCH AVENUE, Longwood, FL 32750
One apartment is vacant, while the second has a month-to-month tenant and generates rental income.
Property Size2,542 SF
Price / SF$153.03
Days on Market310
Property Features for 737 E CHURCH AVENUE
General Information
Standard status
Active
Size
2,542 SF
Property subtype
Residential Income
Zoning
MDU
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 2BR/1.5BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$5,240
Amenities
Awning(s)
Building Details
Building Size
2,542 SF
Year Built
1973
Units
2
Listing Agency:
CANCELLI COASTAL REALTY
Listed By:
Robert Cancelli
(727) 772-3863
Source:
Cancellicoastalrealty
Added: Dec 19, 2025
Changed: Oct 23
Last Checked: Oct 23 at 1:39AM
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 CANCELLI COASTAL REALTY
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Investment Insights
Based on property information with market context.
This 1973 duplex contains two apartments, each with two bedrooms and 1.5 bathrooms, within 2542 square feet. The vacant unit has a renovated kitchen, fresh interior paint, new bathroom vanities and toilets, a new electric range, and a new dishwasher installed in September 2025. Its air conditioning was replaced in February 2023. The other apartment is occupied under a month-to-month arrangement; its air conditioning dates to April 2024, and a new stove was installed in July 2025. The roof was replaced in 2020, and the building received PEX repiping in 2019. Electrical connections were repaired with AlumiConn connectors. Zoning is MDU.
In Longwood, the property is near US Hwy 17-92 and SR-434, with access to I-4 and SunRail. Publix is 2.5 miles away, CVS is 1.1 miles away, and Starbucks is 0.2 miles away; drive times are approximate.
In Longwood, the property is near US Hwy 17-92 and SR-434, with access to I-4 and SunRail. Publix is 2.5 miles away, CVS is 1.1 miles away, and Starbucks is 0.2 miles away; drive times are approximate.
Key Highlights
- Two apartments, each with 2 bedrooms and 1.5 bathrooms
- 2542 square feet; built in 1973
- One unit is vacant; the other has a month‑to‑month tenant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,904
Cap Rate
8.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$678,080
$678.1K
Cap Rate 7%
$484,343
$484.3K
Cap Rate 9%
$376,711
$376.7K
Market Conditions
NOI Build-Up for 2,542 SF
Gross rent
$51.9K $20.40/SF
− Vacancy
−$3.4K −$1.35/SF
EGI
$48.4K $19.05/SF
− OpEx
−$14.5K −$5.72/SF
NOI
$33.9K $13.34/SF
Area
Seminole County, FL
Vacancy
6.60%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$678,080
Cap Rate 7%
$484,343
Cap Rate 9%
$376,711
Alternative Uses
Best Use
Multifamily LT 5
$484.3K
$423.8K – $565.1K
NOI $33,904 @ 7.0% cap · market cap 8.72%
Second Best
Apartment 5plus
$445.9K
$390.2K – $520.3K
NOI $31,216 @ 7.0% cap · market cap 8.02%
Theoretical Best
Office A
$723.4K
$633.0K – $844.0K
NOI $50,637 @ 7.0% cap · market cap 13.02%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
989
Businesses Nearby
Explore this area
Business Placement
Demographics for 32750, FL
25,261
Population
10,541
Households
2.4
Avg Household Size
43
Median Age
37%
College-Educated
93%
High-School Grad
11.4 sq mi
ZIP Area
2,216
Density / Sq Mi
$85,227
Median Household Income
$48,311
Median Earnings
$1,633
Median Rent
$350,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - One apartment is vacant, while the second has a month-to-month tenant and generates rental income.
Where is this duplex located?
The property is located at 737 E CHURCH AVENUE Longwood, FL.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and 1.5 bathrooms; 2542 square feet; built in 1973; One unit is vacant; the other has a month‑to‑month tenant
