Updated Duplex with Private
For Sale
$485,000
787 LINCOLN PARKWAY, Oviedo, FL 32765
Each residence includes in-unit laundry, designated parking, and a two-bedroom, two-bath layout.
Property Size1,872 SF
Price / SF$259.08
Days on Market61
Property Features for 787 LINCOLN PARKWAY
General Information
Standard status
Active
Size
1,872 SF
Property subtype
Duplex
Building Details
Year Built
1988
Listing Agency:
KELLER WILLIAMS ADVANTAGE REALTY
(407) 977-7600
Listed By:
Sandy Jablonski · License #3103781
(407) 952-0372
Source:
Endlesssummerrealty
Added: Aug 14
Changed: Oct 13
Last Checked: Oct 12 at 8:23PM
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 ADVANTAGE REALTY
Investment Insights
Based on property information with market context.
This 1,872-square-foot duplex contains two matching residences, each measuring 936 square feet with two bedrooms and two bathrooms. Both units include interior laundry, cabinetry, appliances, and tile flooring, while designated parking is located at the front. The property was built in 1988 and has received substantial system updates, including new drain fields in 2023, plumbing repiping in 2022, new ductwork in 2021, and updated AC units in 2024 and 2018. One new hot water tank was installed in 2024, and a new roof will be installed before closing.
The duplex is positioned behind 795 Lincoln Parkway along an access road shared with two other duplexes. The setting has no through traffic and includes private parking. Unit 787 is vacant and available for showing; Unit 789 is tenant occupied. The property is zoned for Oviedo schools and is near major expressways, shopping, and Oviedo Mall.
The duplex is positioned behind 795 Lincoln Parkway along an access road shared with two other duplexes. The setting has no through traffic and includes private parking. Unit 787 is vacant and available for showing; Unit 789 is tenant occupied. The property is zoned for Oviedo schools and is near major expressways, shopping, and Oviedo Mall.
Key Highlights
- Two 936‑square‑foot units, totaling 1,872 square feet
- Each unit offers 2 bedrooms and 2 bathrooms
- New drain fields installed in 2023; plumbing repiped in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,968
Cap Rate
5.15%
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 5.15%
Second Best
Apartment 5plus
$328.4K
$287.4K – $383.2K
NOI $22,989 @ 7.0% cap · market cap 4.74%
Theoretical Best
Office A
$532.7K
$466.1K – $621.5K
NOI $37,290 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,161
Businesses Nearby
Explore this area
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
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes in-unit laundry, designated parking, and a two-bedroom, two-bath layout.
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 $485,000.
What are key features of this property?
This property features: Two 936‑square‑foot units, totaling 1,872 square feet; Each unit offers 2 bedrooms and 2 bathrooms; New drain fields installed in 2023; plumbing repiped in 2022
