Duplex with Screened
New
For Sale
$549,000
932 W PRINCETON STREET, Orlando, FL 32804
Each residence has two bedrooms, a full bath, and its own covered carport.
Property Size1,422 SF
Price / SF$386.08
Days on Market7
Property Features for 932 W PRINCETON STREET
General Information
Standard status
Active
Size
1,422 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
screened-in patio
front porch
outdoor fire pit
outdoor laundry closet
Building Details
Year Built
1948
Buildings
1
Listing Agency:
ROMAN REALTY GROUP, LLC
(407) 876-1990
Listed By:
Brian LeMay · License #3418622
(321) 314-5412
Source:
Dennisrealty
Added: Oct 8
Changed: Oct 13
Last Checked: Oct 12 at 7:24PM
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 ROMAN REALTY GROUP, LLC
Investment Insights
Based on property information with market context.
This 1,422-square-foot duplex, built in 1948, contains two units with matching layouts: two bedrooms, one bathroom, a combined living and dining area, and a kitchen with granite counters. Both units have separate outdoor laundry closets, covered one-car carports, and additional driveway parking. Interior details include wood-look tile flooring and crown molding. One unit also features an updated bathroom and screened patio; the other has a front porch and outdoor fire pit.
The property occupies a corner lot of nearly one-quarter acre in College Park, with yard space serving both units. Shops, restaurants, parks, and local destinations along Edgewater Drive are nearby. I-4 provides access to Downtown Orlando in approximately 5 minutes, the theme parks in about 20 minutes, Orlando International Airport in around 30 minutes, and East Coast beaches in under an hour.
The two-unit configuration supports renting both residences or occupying one while leasing the other. There is no HOA.
The property occupies a corner lot of nearly one-quarter acre in College Park, with yard space serving both units. Shops, restaurants, parks, and local destinations along Edgewater Drive are nearby. I-4 provides access to Downtown Orlando in approximately 5 minutes, the theme parks in about 20 minutes, Orlando International Airport in around 30 minutes, and East Coast beaches in under an hour.
The two-unit configuration supports renting both residences or occupying one while leasing the other. There is no HOA.
Key Highlights
- Two‑unit duplex with 1,422 square feet; built in 1948
- Each unit has 2 bedrooms and 1 bathroom
- Nearly ¼‑acre corner lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,174
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$403,480
$403.5K
Cap Rate 7%
$288,200
$288.2K
Cap Rate 9%
$224,156
$224.2K
Market Conditions
NOI Build-Up for 1,422 SF
Gross rent
$30.7K $21.60/SF
− Vacancy
−$1.9K −$1.33/SF
EGI
$28.8K $20.27/SF
− OpEx
−$8.6K −$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 Rate 5%
$403,480
Cap Rate 7%
$288,200
Cap Rate 9%
$224,156
Alternative Uses
Best Use
Multifamily LT 5
$288.2K
$252.2K – $336.2K
NOI $20,174 @ 7.0% cap · market cap 3.67%
Second Best
Apartment 5plus
$263.3K
$230.4K – $307.1K
NOI $18,428 @ 7.0% cap · market cap 3.36%
Theoretical Best
Office A
$458.1K
$400.8K – $534.4K
NOI $32,065 @ 7.0% cap · market cap 5.84%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,488
Businesses Nearby
Explore this area
Business Placement
Demographics for 32804, FL
19,084
Population
10,127
Households
1.9
Avg Household Size
40
Median Age
61%
College-Educated
97%
High-School Grad
7.2 sq mi
ZIP Area
2,651
Density / Sq Mi
$113,466
Median Household Income
$61,227
Median Earnings
$1,717
Median Rent
$498,700
Median Home Value
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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 - Each residence has two bedrooms, a full bath, and its own covered carport.
Where is this duplex located?
The property is located at 932 W PRINCETON STREET Orlando, FL.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,422 square feet; built in 1948; Each unit has 2 bedrooms and 1 bathroom; Nearly ¼‑acre corner lot
