Tenant-Occupied
For Sale
$399,900
737 E Church Ave, Longwood, FL 32750
Two-unit residential property with 2,542 square feet, established tenants, and no HOA.
Property Size2,542 SF
Price / SF$157.32
Days on Market256
Property Features for 737 E Church Ave
General Information
Standard status
Active
Size
2,542 SF
Property subtype
Residential Income
Occupancy
100%
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2Bed/1.5Bath
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,240
Building Details
Year Built
1973
Tenancy
Multi
Listing Agency:
KELLER WILLIAMS REALTY AT THE PARKS
(407) 639-0345
Listed By:
Ayesha Verma · License #SL3531226
(407) 639-0345
Source:
Exprealty
Added: Dec 19, 2025
Changed: Aug 31
Last Checked: Aug 30 at 10:59PM
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 KELLER WILLIAMS REALTY AT THE PARKS
Investment Insights
Based on property information with market context.
This two-unit duplex at 737 E Church Ave contains 2,542 square feet and was built in 1973. Each residence includes two bedrooms, while both units are currently occupied. Recent improvements include an air-conditioning replacement in February 2023, another A/C installation in April 2024, a new dishwasher added in September 2025, and a new stove installed in July 2025. One tenancy runs through July 31, 2026, and the other is on a month-to-month arrangement. The property has no HOA, and occupants handle electricity, water, cable, internet, and lawn maintenance.
The property is positioned near US Hwy 17-92, SR-434, SunRail, I-4, and major corridors. Publix is approximately 2.5 miles away, CVS is approximately 1.1 miles away, and Starbucks is approximately 0.2 miles away. Shopping, restaurants, banking, supermarkets, cafés, and takeout options are also nearby.
The property is positioned near US Hwy 17-92, SR-434, SunRail, I-4, and major corridors. Publix is approximately 2.5 miles away, CVS is approximately 1.1 miles away, and Starbucks is approximately 0.2 miles away. Shopping, restaurants, banking, supermarkets, cafés, and takeout options are also nearby.
Key Highlights
- Two‑unit duplex with 2,542 square feet
- Built in 1973 with both units tenant‑occupied
- Each unit offers 2 bedrooms
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
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with 2,542 square feet, established tenants, and no HOA.
Where is this duplex located?
The property is located at 737 E Church Ave 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: Two‑unit duplex with 2,542 square feet; Built in 1973 with both units tenant‑occupied; Each unit offers 2 bedrooms
