Corner Lot Duplex with
For Sale
$669,000
821 E CHURCH STREET, Orlando, FL 32801
Two separately metered homes include a 2-bedroom main house, a 1-bedroom cottage, and two covered parking spaces.
Property Size1,660 SF
Price / SF$403.01
Days on Market59
Property Features for 821 E CHURCH STREET
General Information
Standard status
Active
Size
1,660 SF
Total Parking Spaces
2
Property subtype
Single Family Residence
Additional Details
Fenced Yard
Yes
Amenities
front porch
paver side patio
sizable backyard
updated landscaping
mango and lemon trees
oak tree canopy
exterior storage closet
0.16 acres, Corner Lot, City Limits, Landscaped, Near Public Transit, Sidewalk, Paved, Fruit Trees, Mature Landscaping, Oak Trees, Trees/Landscaped
Shingle
Wire, Wood
Public Sewer
Additional parcels description:, Parcel Number: 25-22-29-9312-04-200, Public Survey Range: 29, Public Survey Section: 25, Annual Amount: $8,956.74, Tax Block: D, Tax Book Number: J-47, Legal Description: J W WILMOTT REVISION J/47 LOT 20 BLK D, Lot: 20, Year: 2025, Zoning: R-2A/T/AN
Wood
Central Air
Central, Electric, Natural Gas
Inside, Laundry Closet, Laundry Room
Listing ID: MFRO6422231, Standard Status: Active, MLS Status: Active, Property Subtype: Single Family Residence, On market as of 2026-07-14, 52 days on market, Special Conditions: None
2 carport spaces, Covered, Driveway, Off Street, On Street
Elementary School: Lake Como Elem, Middle School: Lake Como School K-8, High School: Edgewater High
Blinds, Window Treatments
3 total bedrooms
Built in 1953, Living area: 1660, Living area units: Square Feet, Building faces South, 1 storey, Levels: One, Construction Materials: Block
Subdivision: WILMOTT J W REV, MLS Area (Major): 32801 - Orlando, County/Parish: Orange
Other structures: Additional Single Family Home, Guest House, City
3 total bathrooms, 3 full bathrooms
Dog Park, Sidewalks, Wheelchair Access
BB/HS Internet Available, Cable Available, Electricity Connected, Natural Gas Available, Sewer Connected, Water Connected
Crawlspace
Close Of Escrow
Road Responsibility: Public Maintained Road, Road Surface: Asphalt
Patio/Porch Features: Covered, Deck, Front Porch, Patio, Rear Porch, Side Porch, Lighting, Permeable Paving, Private Mailbox, Private Yard, Sidewalk
Ceiling Fans(s), Dry Bar, Stone Counters, Thermostat, Window Treatments
Dishwasher, Disposal, Dryer, Electric Water Heater, Gas Water Heater, Microwave, Range, Washer, Other equipment: Irrigation Equipment, Permeable Paving, Private Yard
Building Details
Year Built
1953
Listing Agency:
KELLER WILLIAMS REALTY AT THE PARKS
(407) 629-4420
Listed By:
Kymberly Rodgers · License #3363076
(214) 808-0827
Source:
Miharaandassociates
Added: Jul 14
Changed: Sep 10
Last Checked: Sep 10 at 7:04AM
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 REALTY AT THE PARKS
Investment Insights
Based on property information with market context.
Located on a corner lot, this duplex-style property includes a main house with two bedrooms, two updated bathrooms, and a large multi-purpose utility room that can serve multiple functions. A separate 1-bedroom, 1-bathroom cottage provides a full kitchen with a dishwasher and built-in microwave, plus its own separate laundry closet.
The property also offers two covered parking spaces under a roofed 480 sq. ft. carport, along with an exterior storage closet. Outdoor living options include a front porch, a paver side patio, and a sizable backyard fenced on two sides, with updated landscaping and fruit trees including mango and lemon. Mature oak trees provide shade over the yard.
Each home has its own front and back doors and is separately metered. The property is positioned just outside the historic district and is described as being in the heart of Thornton Park, with access to downtown Orlando dining and attractions minutes away.
The property also offers two covered parking spaces under a roofed 480 sq. ft. carport, along with an exterior storage closet. Outdoor living options include a front porch, a paver side patio, and a sizable backyard fenced on two sides, with updated landscaping and fruit trees including mango and lemon. Mature oak trees provide shade over the yard.
Each home has its own front and back doors and is separately metered. The property is positioned just outside the historic district and is described as being in the heart of Thornton Park, with access to downtown Orlando dining and attractions minutes away.
Key Highlights
- 1953 main house with 2 bedrooms and 2 updated bathrooms
- Separate 1‑bedroom/1‑bath cottage with a full kitchen and its own laundry closet
- Both homes are separately metered with their own front and back doors
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
$23,551
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
3.52%
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%
$471,020
$471.0K
Cap Rate 7%
$336,443
$336.4K
Cap Rate 9%
$261,678
$261.7K
Market Conditions
NOI Build-Up for 1,660 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
$35.9K $21.60/SF
− Vacancy
−$2.2K −$1.33/SF
EGI
$33.6K $20.27/SF
− OpEx
−$10.1K −$6.08/SF
NOI
$23.6K $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%
$471,020
Cap Rate 7%
$336,443
Cap Rate 9%
$261,678
Alternative Uses
Best Use
Multifamily LT 5
$336.4K
$294.4K – $392.5K
NOI $23,551 @ 7.0% cap · market cap 3.52%
Second Best
Apartment 5plus
$307.3K
$268.9K – $358.5K
NOI $21,512 @ 7.0% cap · market cap 3.22%
Theoretical Best
Office A
$534.7K
$467.9K – $623.9K
NOI $37,432 @ 7.0% cap · market cap 5.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
5,254
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
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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 separately metered homes include a 2-bedroom main house, a 1-bedroom cottage, and two covered parking spaces.
Where is this duplex located?
The property is located at 821 E CHURCH STREET Orlando, FL.
What is the asking price?
The asking price for this property is $669,000.
What are key features of this property?
This property features: 1953 main house with 2 bedrooms and 2 updated bathrooms; Separate 1‑bedroom/1‑bath cottage with a full kitchen and its own laundry closet; Both homes are separately metered with their own front and back doors
