Updated Two-Unit
For Sale
$345,000
901 COLYER Street, Orlando, FL 32805
Residential Income, ORLANDO, FL
Property Size1,426 SF
Lot Size0.09 Acres
Price / SF$241.94
Days on Market163
Property Features for 901 COLYER Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-2A/T/PH
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 4, Bedroom 3
Parking features
Assigned, Off Street, Driveway
Window features
Blinds
Patio and Porch features
Porch
Interior features
Ceiling Fans(s), Eat-in Kitchen, Window Treatments
Exterior features
Balcony, Private Entrance
Subdivision
W E GORES ADD
Directions
From Inter & Co Soccer Stadium go South, South toward Westmoreland Dr, Left on Westmorland Dr, Left onto Colyer st, Home is on the left.
Standard status
Active
APN
35-22-29-3092-02-140
Size
1,426 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
W E GORES ADDITION F/6 LOT 14 BLK B (LESS BEG 10 FT W OF SE COR E 10 FT TO SAIDSE COR N 10 FT SW 14.14 FT TO POB)
Tax Annual Amount
2161
Legal Description
W E GORES ADDITION F/6 LOT 14 BLK B (LESS BEG 10 FT W OF SE COR E 10 FT TO SAIDSE COR N 10 FT SW 14.14 FT TO POB)
Utilities
Sewer type
Public Sewer
Heating system
Ductless (Heating)
Water source
Public
Amenities
private balcony
washer/dryer
Building Details
Year built
1967
Floors in Building
2
Flooring type
Tile - Ceramic
Building materials
Concrete
Roof type
Concrete
Listing Agency:
PREFERRED REAL ESTATE BROKERS
(407) 440-4900
Listed By:
Stacey Payne · License #3316628
(407) 427-9120
Added: Mar 22
Changed: Aug 20
Last Checked: Aug 31 at 1:06AM
MLS# O6392744
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 two-story concrete duplex contains 1,426 square feet on a 0.09-acre lot. Built in 1967, the property includes two vacant units, each configured with 2 bedrooms and 1 bathroom. Recent improvements include wood-look ceramic tile, updated cabinetry and appliances, mini-split systems in the living rooms and bedrooms, new washers and dryers, and updated water heaters. Separate electrical and water meters support distinct utility management for each unit.
The first-floor residence has rear access to a shared parking pad, while the upper unit includes a private balcony. The property also features separate entrances, public water, public sewer, a concrete roof, and R-2A/T/PH zoning. It is located at 901 Colyer Street in Orlando, near Inter&Co Stadium and downtown development activity.
The first-floor residence has rear access to a shared parking pad, while the upper unit includes a private balcony. The property also features separate entrances, public water, public sewer, a concrete roof, and R-2A/T/PH zoning. It is located at 901 Colyer Street in Orlando, near Inter&Co Stadium and downtown development activity.
Key Highlights
- 1,426‑square‑foot two‑story concrete duplex on a 0.09‑acre lot
- Two vacant units, each with 2 bedrooms and 1 bathroom
- Updated tile, cabinets, appliances, mini‑split systems, and water heaters
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
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,656
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 - Two renovated units offer separate utilities, private access, and shared off-street parking.
Where is this duplex located?
The property is located at 901 COLYER Street 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: 1,426‑square‑foot two‑story concrete duplex on a 0.09‑acre lot; Two vacant units, each with 2 bedrooms and 1 bathroom; Updated tile, cabinets, appliances, mini‑split systems, and water heaters
