Updated Half-Duplex with Fenced
9911 LANCEWOOD ST, Orlando, FL 32817
For Sale
$279,000
Two bedrooms, two baths, and screened outdoor living complement the refreshed interior.
Property Size858 SF
Days on Market55
Property Features for 9911 LANCEWOOD ST
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
WATSON REALTY CORP
Listed By:
Kathy McDonald
(407) 973-4026
Source:
Novaorlando
Added: Sep 19
Changed: Nov 1
Last Checked: Nov 10 at 4:11PM
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 WATSON REALTY CORP
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Investment Insights
Based on property information with market context.
This updated two-bedroom, two-bath half-duplex in Orlando combines refreshed interior finishes with substantial outdoor space. The home has been painted inside and out and includes updated cabinets, granite countertops, ceramic tile, laminate and vinyl flooring, a pantry, coat closet, walk-in closet, and two skylights. A new roof was installed in 2022, and the A/C unit dates to 2018.
The screened porch opens to a large fenced backyard adjoining the Little Econlockhatchee River and a walking trail. Mature trees and the natural setting extend the living area outdoors, while the property has no HOA. Jay Blanchard Park is across the street and offers an 84-acre recreational area with a 7.4-mile multipurpose trail, river access with a canoe and kayak launch, fishing, playgrounds, courts, fields, picnic areas, pavilions, and grills. The University of Central Florida is a short distance away.
The screened porch opens to a large fenced backyard adjoining the Little Econlockhatchee River and a walking trail. Mature trees and the natural setting extend the living area outdoors, while the property has no HOA. Jay Blanchard Park is across the street and offers an 84-acre recreational area with a 7.4-mile multipurpose trail, river access with a canoe and kayak launch, fishing, playgrounds, courts, fields, picnic areas, pavilions, and grills. The University of Central Florida is a short distance away.
Key Highlights
- Two‑bedroom, two‑bath half‑duplex in the Riverwood community
- Large fenced backyard beside the Little Econlockhatchee River
- Screened porch with access to the backyard and walking trail
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,173
Cap Rate
4.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$243,460
$243.5K
Cap Rate 7%
$173,900
$173.9K
Cap Rate 9%
$135,256
$135.3K
Market Conditions
NOI Build-Up for 858 SF
Gross rent
$18.5K $21.60/SF
− Vacancy
−$1.1K −$1.33/SF
EGI
$17.4K $20.27/SF
− OpEx
−$5.2K −$6.08/SF
NOI
$12.2K $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%
$243,460
Cap Rate 7%
$173,900
Cap Rate 9%
$135,256
Alternative Uses
Best Use
Multifamily LT 5
$173.9K
$152.2K – $202.9K
NOI $12,173 @ 7.0% cap · market cap 4.36%
Second Best
Apartment 5plus
$158.8K
$139.0K – $185.3K
NOI $11,119 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$276.4K
$241.8K – $322.5K
NOI $19,347 @ 7.0% cap · market cap 6.93%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
276
Businesses Nearby
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Business Placement
Demographics for 32817, FL
40,376
Population
13,747
Households
2.9
Avg Household Size
29
Median Age
36%
College-Educated
92%
High-School Grad
11.7 sq mi
ZIP Area
3,451
Density / Sq Mi
$78,546
Median Household Income
$34,316
Median Earnings
$1,741
Median Rent
$327,800
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Orlando, FL
Properties on Market for Duplexes in Orlando
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two bedrooms, two baths, and screened outdoor living complement the refreshed interior.
Where is this duplex located?
The property is located at 9911 LANCEWOOD ST Orlando, FL.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath half‑duplex in the Riverwood community; Large fenced backyard beside the Little Econlockhatchee River; Screened porch with access to the backyard and walking trail
