Updated Two-Unit
For Sale
$345,000
901 COLYER ST, Orlando, FL 32805
Vacant duplex with separately metered utilities, renovated interiors, shared parking, and private outdoor space.
Property Size1,426 SF
Days on Market148
Property Features for 901 COLYER ST
General Information
Standard status
Active
Size
1,426 SF
Property subtype
Duplex
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$2,161
Building Details
Building Size
1,426 SF
Year Built
1967
Buildings
1
Stories
2
Construction
concrete
Tenancy
Multi
Listing Agency:
PREFERRED REAL ESTATE BROKERS
(407) 427-9120
Listed By:
Stacey Payne · License #3316628
Source:
Novaorlando
Added: Mar 23
Changed: Aug 11
Last Checked: Aug 16 at 2:50PM
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 PREFERRED REAL ESTATE BROKERS
Investment Insights
Based on property information with market context.
This two-story concrete duplex contains two updated units, each with 2 bedrooms and 1 bathroom. Interior improvements include wood-look ceramic tile flooring, refreshed cabinets and appliances, and mini-split systems serving the living rooms and bedrooms. Each residence also has a washer and dryer, while the water heaters have been updated. Separate electrical and water meters provide distinct utility service for each unit.
The first-floor residence connects to a shared rear parking pad, and the upstairs unit includes a private balcony. The property is currently vacant and is located at 901 Colyer St in Orlando, near Inter&Co Stadium and within the downtown area. Built in 1967, the duplex offers a residential income property configuration with two independently metered units.
The first-floor residence connects to a shared rear parking pad, and the upstairs unit includes a private balcony. The property is currently vacant and is located at 901 Colyer St in Orlando, near Inter&Co Stadium and within the downtown area. Built in 1967, the duplex offers a residential income property configuration with two independently metered units.
Key Highlights
- Two‑story concrete duplex with two 2‑bedroom, 1‑bathroom units
- Vacant property with separate electrical and water meters
- Updated interiors with ceramic tile, cabinets, appliances, and mini‑split systems
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
$20,231
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
5.86%
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%
$404,620
$404.6K
Cap Rate 7%
$289,014
$289.0K
Cap Rate 9%
$224,789
$224.8K
Market Conditions
NOI Build-Up for 1,426 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
$30.8K $21.60/SF
− Vacancy
−$1.9K −$1.33/SF
EGI
$28.9K $20.27/SF
− OpEx
−$8.7K −$6.08/SF
NOI
$20.2K $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%
$404,620
Cap Rate 7%
$289,014
Cap Rate 9%
$224,789
Alternative Uses
Best Use
Multifamily LT 5
$289.0K
$252.9K – $337.2K
NOI $20,231 @ 7.0% cap · market cap 5.86%
Second Best
Apartment 5plus
$264.0K
$231.0K – $308.0K
NOI $18,480 @ 7.0% cap · market cap 5.36%
Theoretical Best
Office A
$459.4K
$402.0K – $535.9K
NOI $32,156 @ 7.0% cap · market cap 9.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,658
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 - Vacant duplex with separately metered utilities, renovated interiors, shared parking, and private outdoor space.
Where is this duplex located?
The property is located at 901 COLYER ST Orlando, FL.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Two‑story concrete duplex with two 2‑bedroom, 1‑bathroom units; Vacant property with separate electrical and water meters; Updated interiors with ceramic tile, cabinets, appliances, and mini‑split systems
