Duplex with Central
For Sale
$399,900
737 E CHURCH Avenue, Longwood, FL 32750
Residential Income, LONGWOOD, FL
Property Size2,542 SF
Lot Size0.17 Acres
Price / SF$157.32
Days on Market253
Property Features for 737 E CHURCH Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
MDU
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bathroom 1, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 4, Bedroom 3, Bedroom 2
Exterior features
Awning(s)
Subdivision
WILDMERE RESURVEY OF BLK 4
Directions
From I-4, take FL-434 east, turn right onto S Wayman St, then right onto E Church Ave; property on left.
Standard status
Active
APN
32-20-30-511-0100-0190
Size
2,542 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LOT 19 + W 1/2 LOT 20 BLK 1 RESURVEY OF BLK 4 WILDMERE PB 4 PG 50
Tax Annual Amount
5240
Legal Description
LOT 19 + W 1/2 LOT 20 BLK 1 RESURVEY OF BLK 4 WILDMERE PB 4 PG 50
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Building Details
Year built
1973
Number of units
2
Roof type
Shingle
Listing Agency:
KELLER WILLIAMS REALTY AT THE PARKS
(407) 629-4420
Listed By:
Ayesha Verma · License #SL3531226
(407) 639-0345
Added: Dec 19, 2025
Changed: Aug 29
Last Checked: Aug 29 at 11:06AM
MLS# O6365251
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 2,542-square-foot duplex contains two residences, each configured with 2 bedrooms and 1.5 bathrooms. One unit is vacant and available for showings, while the second is occupied under a month-to-month tenancy. The property includes central air conditioning, a shingle roof, an awning, public water, and public sewer. Capital improvements include a roof replacement in 2020, full re-piping with PEX plumbing in 2019, and electrical connection repairs using AlumiConn connectors. Recent unit-level updates include replacement air-conditioning systems, a dishwasher, and a stove.
Set on 0.17 acres in Longwood, the property is near US Hwy 17-92 and SR-434, with access to I-4, SunRail, shopping, supermarkets, pharmacies, restaurants, and coffee shops. Publix is approximately 2.5 miles away, CVS approximately 1.1 miles, and Starbucks approximately 0.2 miles. The property is zoned MDU and has no HOA.
Set on 0.17 acres in Longwood, the property is near US Hwy 17-92 and SR-434, with access to I-4, SunRail, shopping, supermarkets, pharmacies, restaurants, and coffee shops. Publix is approximately 2.5 miles away, CVS approximately 1.1 miles, and Starbucks approximately 0.2 miles. The property is zoned MDU and has no HOA.
Key Highlights
- 2,542‑square‑foot duplex with two 2‑bedroom, 1.5‑bathroom units
- 0.17‑acre lot with MDU zoning and no HOA
- One unit vacant; the other occupied on a month‑to‑month tenancy
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
$33,904
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
8.48%
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%
$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
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
$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 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%
$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 8.48%
Second Best
Apartment 5plus
$445.9K
$390.2K – $520.3K
NOI $31,216 @ 7.0% cap · market cap 7.81%
Theoretical Best
Office A
$723.4K
$633.0K – $844.0K
NOI $50,637 @ 7.0% cap · market cap 12.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
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-unit residential income property with MDU zoning, public utilities, and convenient access to Longwood shopping, dining, and transportation.
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 $399,900.
What are key features of this property?
This property features: 2,542‑square‑foot duplex with two 2‑bedroom, 1.5‑bathroom units; 0.17‑acre lot with MDU zoning and no HOA; One unit vacant; the other occupied on a month‑to‑month tenancy
