Updated Duplex with Private
For Sale
$465,000
787 LINCOLN Parkway, Oviedo, FL 32765
Residential Income, OVIEDO, FL
Property Size1,872 SF
Lot Size0.27 Acres
Price / SF$248.40
Days on Market83
Property Features for 787 LINCOLN Parkway
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-2
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bathroom 4, Bedroom 3, Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 4, Bedroom 2
Parking features
Driveway
Window features
Blinds
Interior features
Ceiling Fans(s), Thermostat, Window Treatments
Exterior features
Private Yard
Appliances
Dishwasher, Microwave, Range, Refrigerator
Subdivision
LINCOLN PARK
Elementary school
Lawton Elementary
Middle school
Jackson Heights Middle
High school
Oviedo High
Directions
From 417 and Mitchel Hammock Rd, travel East. Take an immediate Left on SR426/W. Broadway St. Right Oviedo Mall Blvd. Left on Aulin Ave. Left on Lincoln Pkwy. Turn Right onto small road between 795 Lincoln Pkwy and 811 Lincoln Pkwy. Duplex is behind 795 and on the right side.
Standard status
Active
APN
16-21-31-503-0A00-003A
Size
1,872 SF
Lot size
0.27 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
LOTS 3 & 4 (LESS S 95 FT) & VACD ST ADJ ON N BLK A LINCOLN PARK PB 7 PG 93
Tax Annual Amount
5510
Legal Description
LOTS 3 & 4 (LESS S 95 FT) & VACD ST ADJ ON N BLK A LINCOLN PARK PB 7 PG 93
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating), Heat Pump (Heating)
Cooling system
Central Air
Water source
Public
Amenities
in-unit laundry
designated parking
Building Details
Year built
1988
Flooring type
Tile - Ceramic
Building materials
Block, Brick, Stucco
Roof type
Shingle
Buildings
1
Listing Agency:
KELLER WILLIAMS ADVANTAGE REALTY · Keller Williams Realty
(407) 977-7600
Listed By:
Sandy Jablonski
(407) 952-0372
Added: Aug 8
Changed: Oct 28
Last Checked: Oct 29 at 1:06AM
MLS# O6432128
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.
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Investment Insights
Based on property information with market context.
This 1988 duplex contains two matching residences, each configured with two bedrooms and two bathrooms across 936 square feet. Both units include in-unit laundry, ceramic tile flooring, central air, heat-pump heating, kitchens equipped with a range, refrigerator, dishwasher, and microwave, plus driveway parking. Block, brick, and stucco construction is paired with a shingle roof, private yard, public water, and septic service.
The property occupies 0.27 acres at 787 Lincoln Parkway in Oviedo, Florida, within the Lincoln Park section and behind the roadway frontage. The driveway is positioned between two other duplexes, and the site has no through traffic. Zoning is R-2. Recent capital improvements include a new roof installed in August, new drain fields in 2023, updated AC units in 2024 and 2018, new AC ductwork in 2021, a plumbing repipe in 2022, and one new hot water tank in 2024. Unit 787 is vacant, while Unit 789 is tenant occupied.
The property occupies 0.27 acres at 787 Lincoln Parkway in Oviedo, Florida, within the Lincoln Park section and behind the roadway frontage. The driveway is positioned between two other duplexes, and the site has no through traffic. Zoning is R-2. Recent capital improvements include a new roof installed in August, new drain fields in 2023, updated AC units in 2024 and 2018, new AC ductwork in 2021, a plumbing repipe in 2022, and one new hot water tank in 2024. Unit 787 is vacant, while Unit 789 is tenant occupied.
Key Highlights
- Two 2‑bedroom, 2‑bath units, each measuring 936 square feet
- 1,872‑square‑foot duplex on a 0.27‑acre lot
- R‑2 zoning in Oviedo, Florida
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,968
Cap Rate
5.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$499,360
$499.4K
Cap Rate 7%
$356,686
$356.7K
Cap Rate 9%
$277,422
$277.4K
Market Conditions
NOI Build-Up for 1,872 SF
Gross rent
$38.2K $20.40/SF
− Vacancy
−$2.5K −$1.35/SF
EGI
$35.7K $19.05/SF
− OpEx
−$10.7K −$5.72/SF
NOI
$25.0K $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%
$499,360
Cap Rate 7%
$356,686
Cap Rate 9%
$277,422
Alternative Uses
Best Use
Multifamily LT 5
$356.7K
$312.1K – $416.1K
NOI $24,968 @ 7.0% cap · market cap 5.37%
Second Best
Apartment 5plus
$328.4K
$287.4K – $383.2K
NOI $22,989 @ 7.0% cap · market cap 4.94%
Theoretical Best
Office A
$532.7K
$466.1K – $621.5K
NOI $37,290 @ 7.0% cap · market cap 8.02%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,161
Businesses Nearby
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Business Placement
Demographics for 32765, FL
65,228
Population
23,389
Households
2.8
Avg Household Size
36
Median Age
53%
College-Educated
96%
High-School Grad
39.0 sq mi
ZIP Area
1,673
Density / Sq Mi
$99,161
Median Household Income
$48,595
Median Earnings
$1,870
Median Rent
$418,600
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 - Two matching residential units offer in-unit laundry, ceramic tile flooring, appliances, and designated driveway parking.
Where is this duplex located?
The property is located at 787 LINCOLN Parkway Oviedo, FL.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Two 2‑bedroom, 2‑bath units, each measuring 936 square feet; 1,872‑square‑foot duplex on a 0.27‑acre lot; R‑2 zoning in Oviedo, Florida
