Duplex with Attached
New
For Sale
$229,000
94 E 18TH Street, Apopka, FL 32703
Residential, APOPKA, FL
Property Size1,253 SF
Lot Size0.16 Acres
Price / SF$182.76
Days on Market3
Property Features for 94 E 18TH Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-2
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 2
Parking features
Driveway
Pets allowed
Yes
Interior features
Walk-In Closet(s)
Exterior features
Sidewalk
Appliances
Dishwasher, Range, Refrigerator
Lot features
Sidewalk
Middle school
Wolf Lake Middle
High school
Apopka High
Directions
From Hwy 414, take the exit toward US-441 / Orange Blossom Trail. Turn north onto US-441 (Orange Blossom Trail). Continue for about 2 miles. Turn right onto E 18th Street. Continue a short distance - 94 E 18th St will be on your left.
Subdivision
32703 - Apopka
Standard status
Active
APN
16-21-28-0000-00-272
Size
1,253 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
THE EAST 50.80 FT OF THE FOLLOWING DESCPROPERTY N1/2 OF SE1/4 OF NE1/4 OF SE1/4 OF SE1/4 OF SEC 16-21-28 ( LESS THE N& E 30 FT FOR RD R/W)
Tax Annual Amount
1105
Legal Description
THE EAST 50.80 FT OF THE FOLLOWING DESCPROPERTY N1/2 OF SE1/4 OF NE1/4 OF SE1/4 OF SE1/4 OF SEC 16-21-28 ( LESS THE N& E 30 FT FOR RD R/W)
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
2006
Floors in Building
1
Flooring type
Carpet, Tile
Building materials
Concrete
Roof type
Shingle
Listing Agency:
REALTY EXPERTS
(727) 888-1000
Listed By:
Jenee Solomon · License #3339081
(727) 743-1370
Added: Aug 20
Changed: Aug 22
Last Checked: Aug 22 at 10:06AM
MLS# TB8541300
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 R-2-zoned duplex was built in 2006 and provides 1,253 square feet of interior space on a 0.16-acre parcel. The layout includes three bedrooms, two bathrooms, a divided bedroom arrangement, and a combined living and dining area. Interior features include a walk-in closet, tile and carpet flooring, electric heat, and central air conditioning.
The property has an attached one-car garage, driveway parking, concrete construction, a shingle roof, and a sidewalk. Appliances include a dishwasher, range, and refrigerator. Public water and a septic tank serve the property, while the address is in Apopka, Florida 32703.
The property has an attached one-car garage, driveway parking, concrete construction, a shingle roof, and a sidewalk. Appliances include a dishwasher, range, and refrigerator. Public water and a septic tank serve the property, while the address is in Apopka, Florida 32703.
Key Highlights
- 1,253‑square‑foot duplex on a 0.16‑acre parcel
- Built in 2006 with concrete construction and a shingle roof
- Three bedrooms and two bathrooms with a split‑bedroom layout
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
$16,712
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
7.30%
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%
$334,240
$334.2K
Cap Rate 7%
$238,743
$238.7K
Cap Rate 9%
$185,689
$185.7K
Market Conditions
NOI Build-Up for 1,253 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
$25.6K $20.40/SF
− Vacancy
−$1.7K −$1.35/SF
EGI
$23.9K $19.05/SF
− OpEx
−$7.2K −$5.72/SF
NOI
$16.7K $13.34/SF
Area
Orange County, FL
Vacancy
6.60%
Lease Rate
$20.40 /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%
$334,240
Cap Rate 7%
$238,743
Cap Rate 9%
$185,689
Alternative Uses
Best Use
Multifamily LT 5
$238.7K
$208.9K – $278.5K
NOI $16,712 @ 7.0% cap · market cap 7.30%
Second Best
Apartment 5plus
$219.8K
$192.3K – $256.5K
NOI $15,387 @ 7.0% cap · market cap 6.72%
Theoretical Best
Office A
$356.6K
$312.0K – $416.0K
NOI $24,960 @ 7.0% cap · market cap 10.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
140
Businesses Nearby
Explore this area
Business Placement
Demographics for 32703, FL
54,805
Population
22,033
Households
2.5
Avg Household Size
37
Median Age
29%
College-Educated
87%
High-School Grad
32.1 sq mi
ZIP Area
1,707
Density / Sq Mi
$70,338
Median Household Income
$42,031
Median Earnings
$1,579
Median Rent
$314,800
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 - R-2-zoned duplex with central air, public water, and a septic system in Apopka.
Where is this duplex located?
The property is located at 94 E 18TH Street Apopka, FL.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: 1,253‑square‑foot duplex on a 0.16‑acre parcel; Built in 2006 with concrete construction and a shingle roof; Three bedrooms and two bathrooms with a split‑bedroom layout
