Tenant-Occupied
For Sale
$249,000
809 22nd St, Orlando, FL 32805
Two separately configured residences provide an established rental arrangement with public utilities and no HOA restrictions.
Property Size1,400 SF
Price / SF$177.86
Days on Market67
Property Features for 809 22nd St
General Information
Standard status
Active
Size
1,400 SF
Property subtype
Residential Income
Occupancy
100%
Property Condition
Severity
Repairs Needed
Evidence
ready for cosmetic updates
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,469
Building Details
Construction
concrete block
Listing Agency:
MAINFRAME REAL ESTATE
(407) 579-2737
Listed By:
Rob Gaudreau · License #3056853
(407) 579-2737
Source:
Exprealty
Added: Jun 25
Changed: Aug 30
Last Checked: Aug 30 at 1:01AM
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 MAINFRAME REAL ESTATE
Investment Insights
Based on property information with market context.
This duplex contains two 2/1 residences, each with a separate living area and a layout that has supported tenancy for more than 20 years. The concrete-block building includes ceramic tile flooring throughout and is suited for cosmetic updating. A new roof was installed approximately one year ago, and the property is connected to public water and public sewer.
Both units are currently tenant occupied, providing an established rental setup at closing. There are no HOA fees or restrictions. The property is located in Orlando, minutes from Downtown Orlando, with access to major highways, employment centers, shopping, dining, schools, and public transportation.
Both units are currently tenant occupied, providing an established rental setup at closing. There are no HOA fees or restrictions. The property is located in Orlando, minutes from Downtown Orlando, with access to major highways, employment centers, shopping, dining, schools, and public transportation.
Key Highlights
- Two 2/1 units in a fully tenant‑occupied duplex
- Tenant history exceeding 20 years
- Concrete‑block construction with ceramic tile flooring throughout
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
$19,862
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
7.98%
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%
$397,240
$397.2K
Cap Rate 7%
$283,743
$283.7K
Cap Rate 9%
$220,689
$220.7K
Market Conditions
NOI Build-Up for 1,400 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
$30.2K $21.60/SF
− Vacancy
−$1.9K −$1.33/SF
EGI
$28.4K $20.27/SF
− OpEx
−$8.5K −$6.08/SF
NOI
$19.9K $14.19/SF
Area
Orlando, FL
Vacancy
6.17%
Lease Rate
$21.60 /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%
$397,240
Cap Rate 7%
$283,743
Cap Rate 9%
$220,689
Alternative Uses
Best Use
Multifamily LT 5
$283.7K
$248.3K – $331.0K
NOI $19,862 @ 7.0% cap · market cap 7.98%
Second Best
Apartment 5plus
$259.2K
$226.8K – $302.4K
NOI $18,143 @ 7.0% cap · market cap 7.29%
Theoretical Best
Office A
$451.0K
$394.6K – $526.2K
NOI $31,569 @ 7.0% cap · market cap 12.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,126
Businesses Nearby
Explore this area
Business Placement
Demographics for 32805, FL
23,331
Population
9,332
Households
2.5
Avg Household Size
39
Median Age
16%
College-Educated
78%
High-School Grad
6.8 sq mi
ZIP Area
3,431
Density / Sq Mi
$39,425
Median Household Income
$29,592
Median Earnings
$1,112
Median Rent
$226,100
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 separately configured residences provide an established rental arrangement with public utilities and no HOA restrictions.
Where is this duplex located?
The property is located at 809 22nd St Orlando, FL.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Two 2/1 units in a fully tenant‑occupied duplex; Tenant history exceeding 20 years; Concrete‑block construction with ceramic tile flooring throughout
