Renovation-Ready Duplex with Garage
For Sale
$850,000
813 GREENWOOD Street, Orlando, FL 32801
Residential Income, ORLANDO, FL
Property Size3,547 SF
Lot Size0.19 Acres
Price / SF$239.64
Days on Market53
Property Features for 813 GREENWOOD Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-2A/T/AN
Rooms
Laundry Room
Interior features
Eat-in Kitchen, PrimaryBedroom Upstairs, Solid Wood Cabinets, Walk-In Closet(s)
Exterior features
Courtyard, Private Mailbox
Fireplace
1
Subdivision
WOODLAWN ADD
Elementary school
Blankner Elem
Middle school
Blankner School (K-8)
High school
Boone High
Directions
From Downtown Orlando, head south on Summerlin Avenue. Turn left onto E. Gore Street, then right onto Greenwood Street. Continue on Greenwood Street to 813 Greenwood Street. Property will be on your right.
Standard status
Active
APN
36-22-29-9464-04-070
Size
3,547 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
WOODLAWN ADDITION F/33 LOT 7 BLK D
Tax Annual Amount
4539
Legal Description
WOODLAWN ADDITION F/33 LOT 7 BLK D
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1925
Building materials
Stucco, Frame
Roof type
Shingle
Listing Agency:
ALL REAL ESTATE & INVESTMENTS
(407) 917-8206
Listed By:
Cara Edwards
(407) 616-3204
Added: Aug 11
Changed: Sep 29
Last Checked: Oct 2 at 4:06AM
MLS# O6433558
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 duplex property combines a 3,547-square-foot main residence with a separate 825-square-foot garage apartment. The primary home includes 5 bedrooms and 4 bathrooms, while the apartment adds 2 bedrooms and 1 bathroom. Built in 1925, the property has stucco and frame construction, central heating and cooling, a shingle roof, fireplace, courtyard, eat-in kitchen, upstairs primary bedroom, solid wood cabinets, walk-in closet, and laundry room. Public water and sewer serve the property, with cable available. The interior requires renovation and the sale is strictly AS-IS.
The 0.19-acre property is located at 813 Greenwood Street in Orlando’s 32801 ZIP code, minutes from Downtown Orlando and near dining, shopping, parks, and entertainment. Zoning is R-2A/T/AN. Major system updates include a 2020 roof, two HVAC systems installed in 2020 and 2021, a 2021 electrical panel, and a 2022 repipe associated with the garage apartment. The apartment was built in 2000.
The 0.19-acre property is located at 813 Greenwood Street in Orlando’s 32801 ZIP code, minutes from Downtown Orlando and near dining, shopping, parks, and entertainment. Zoning is R-2A/T/AN. Major system updates include a 2020 roof, two HVAC systems installed in 2020 and 2021, a 2021 electrical panel, and a 2022 repipe associated with the garage apartment. The apartment was built in 2000.
Key Highlights
- 3,547‑square‑foot property with a 5‑bedroom, 4‑bathroom main residence
- Separate 825‑square‑foot garage apartment with 2 bedrooms and 1 bathroom
- 0.19‑acre lot at 813 Greenwood Street, Orlando, FL 32801
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
$50,322
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
5.92%
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%
$1,006,440
$1.0M
Cap Rate 7%
$718,886
$718.9K
Cap Rate 9%
$559,133
$559.1K
Market Conditions
NOI Build-Up for 3,547 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
$76.6K $21.60/SF
− Vacancy
−$4.7K −$1.33/SF
EGI
$71.9K $20.27/SF
− OpEx
−$21.6K −$6.08/SF
NOI
$50.3K $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%
$1,006,440
Cap Rate 7%
$718,886
Cap Rate 9%
$559,133
Alternative Uses
Best Use
Multifamily LT 5
$718.9K
$629.0K – $838.7K
NOI $50,322 @ 7.0% cap · market cap 5.92%
Second Best
Apartment 5plus
$656.7K
$574.6K – $766.1K
NOI $45,966 @ 7.0% cap · market cap 5.41%
Theoretical Best
Office A
$1.14M
$999.8K – $1.33M
NOI $79,983 @ 7.0% cap · market cap 9.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,994
Businesses Nearby
Explore this area
Business Placement
Demographics for 32801, FL
17,728
Population
12,133
Households
1.5
Avg Household Size
36
Median Age
63%
College-Educated
95%
High-School Grad
2.2 sq mi
ZIP Area
8,058
Density / Sq Mi
$77,626
Median Household Income
$63,090
Median Earnings
$1,773
Median Rent
$397,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Two-residence property with separate living space, updated major systems, and R-2A/T/AN zoning near Downtown Orlando.
Where is this duplex located?
The property is located at 813 GREENWOOD Street Orlando, FL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 3,547‑square‑foot property with a 5‑bedroom, 4‑bathroom main residence; Separate 825‑square‑foot garage apartment with 2 bedrooms and 1 bathroom; 0.19‑acre lot at 813 Greenwood Street, Orlando, FL 32801
