Concrete Block
New
For Sale
$325,000
826 19TH ST, Orlando, FL 32805
Both residences are tenant occupied under leases extending into 2027, supporting continuity for the next owner.
Property Size1,604 SF
Days on Market6
Property Features for 826 19TH ST
General Information
Standard status
Active
Size
1,604 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$5,470
Building Details
Building Size
1,604 SF
Year Built
1988
Buildings
1
Construction
concrete block
Listing Agency:
KELLER WILLIAMS REALTY AT THE PARKS
(407) 629-4420
Listed By:
Thomas Nickley, Jr · License #3275393
Source:
Novaorlando
Added: Aug 7
Changed: Aug 11
Last Checked: Aug 11 at 1:05PM
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.
This duplex contains two separate residences, each configured with 2 bedrooms and 1 bathroom. Concrete block construction dates to 1988, and the interiors provide living areas, kitchens, and bedrooms arranged for practical everyday use. The property also includes a spacious yard with outdoor area for landscaping or recreation.
The address places residents near Downtown Orlando and provides access to I-4, SR 408, and John Young Parkway. Shopping, dining, parks, schools, employment centers, and entertainment are described as nearby. Both units are occupied: unit 826 is leased through April 2027, while unit 828 is leased through June 2027.
The address places residents near Downtown Orlando and provides access to I-4, SR 408, and John Young Parkway. Shopping, dining, parks, schools, employment centers, and entertainment are described as nearby. Both units are occupied: unit 826 is leased through April 2027, while unit 828 is leased through June 2027.
Key Highlights
- Two 2‑bedroom, 1‑bathroom units
- Concrete block construction built in 1988
- Tenant occupied with leases through April 2027 and June 2027
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
$22,756
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
7.00%
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%
$455,120
$455.1K
Cap Rate 7%
$325,086
$325.1K
Cap Rate 9%
$252,844
$252.8K
Market Conditions
NOI Build-Up for 1,604 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
$34.6K $21.60/SF
− Vacancy
−$2.1K −$1.33/SF
EGI
$32.5K $20.27/SF
− OpEx
−$9.8K −$6.08/SF
NOI
$22.8K $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%
$455,120
Cap Rate 7%
$325,086
Cap Rate 9%
$252,844
Alternative Uses
Best Use
Multifamily LT 5
$325.1K
$284.5K – $379.3K
NOI $22,756 @ 7.0% cap · market cap 7.00%
Second Best
Apartment 5plus
$296.9K
$259.8K – $346.4K
NOI $20,786 @ 7.0% cap · market cap 6.40%
Theoretical Best
Office A
$516.7K
$452.1K – $602.8K
NOI $36,169 @ 7.0% cap · market cap 11.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,405
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 - Both residences are tenant occupied under leases extending into 2027, supporting continuity for the next owner.
Where is this duplex located?
The property is located at 826 19TH ST Orlando, FL.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bathroom units; Concrete block construction built in 1988; Tenant occupied with leases through April 2027 and June 2027
