Two-Story Duplex with Fenced
For Sale
$475,000
817 Ohio Avenue, Saint Cloud, FL 34769
Two separate residences feature updated kitchens, recent interior paint, and private access to a fenced grassy backyard.
Property Size1,950 SF
Price / SF$243.59
Days on Market85
Property Features for 817 Ohio Avenue
General Information
Standard status
Active
Size
1,950 SF
Property subtype
Multi-family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Asking Price
$475,000
Building Details
Year Built
1915
Stories
2
Construction
architectural concrete block
Tenancy
Multi
Listing Agency:
ASSIST 2 SELL ACE FULL SERVICE REALTY
(407) 873-7803
Listed By:
Don Ruizzo · License #676753
Source:
Realtygroupfl
Added: May 25
Changed: Aug 16
Last Checked: Aug 16 at 9:35AM
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 ASSIST 2 SELL ACE FULL SERVICE REALTY
Investment Insights
Based on property information with market context.
This two-story duplex contains one residence on each level, with both units offering two bedrooms and one bathroom. The 1,950-square-foot property was built in 1915 with architectural concrete-block construction. Interior improvements include new kitchen cabinetry, laminate countertops, and recent paint in both units.
A fully fenced grassy backyard provides shared outdoor space for the property. The duplex is located at 817 Ohio Avenue in St. Cloud, Florida, and both residences are occupied by tenants who would like to remain.
A fully fenced grassy backyard provides shared outdoor space for the property. The duplex is located at 817 Ohio Avenue in St. Cloud, Florida, and both residences are occupied by tenants who would like to remain.
Key Highlights
- Two‑story duplex with one unit on each level
- Each unit includes 2 bedrooms and 1 bathroom
- 1,950 SF property built in 1915
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
$26,008
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
5.48%
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%
$520,160
$520.2K
Cap Rate 7%
$371,543
$371.5K
Cap Rate 9%
$288,978
$289.0K
Market Conditions
NOI Build-Up for 1,950 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
$39.8K $20.40/SF
− Vacancy
−$2.6K −$1.35/SF
EGI
$37.2K $19.05/SF
− OpEx
−$11.1K −$5.72/SF
NOI
$26.0K $13.34/SF
Area
Osceola 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%
$520,160
Cap Rate 7%
$371,543
Cap Rate 9%
$288,978
Alternative Uses
Best Use
Multifamily LT 5
$371.5K
$325.1K – $433.5K
NOI $26,008 @ 7.0% cap · market cap 5.48%
Second Best
Apartment 5plus
$342.1K
$299.3K – $399.1K
NOI $23,947 @ 7.0% cap · market cap 5.04%
Theoretical Best
Specialty Retail
$603.0K
$527.6K – $703.5K
NOI $42,208 @ 7.0% cap · market cap 8.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
993
Businesses Nearby
Explore this area
Business Placement
Demographics for 34769, FL
27,594
Population
11,070
Households
2.5
Avg Household Size
40
Median Age
24%
College-Educated
89%
High-School Grad
10.6 sq mi
ZIP Area
2,603
Density / Sq Mi
$58,764
Median Household Income
$35,776
Median Earnings
$1,400
Median Rent
$271,800
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 separate residences feature updated kitchens, recent interior paint, and private access to a fenced grassy backyard.
Where is this duplex located?
The property is located at 817 Ohio Avenue Saint Cloud, FL.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Two‑story duplex with one unit on each level; Each unit includes 2 bedrooms and 1 bathroom; 1,950 SF property built in 1915
