11-Unit Condominium
For Sale
$1,550,000
ORLANDO, FL 32826, Orlando, FL 32826
Residential Income, ORLANDO, FL
Property Size7,176 SF
Lot Size0.23 Acres
Price / SF$215
Days on Market78
Property Features
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
R-3
Bedrooms
11
Bathrooms
10
Full bathrooms
10
Rooms
Bathroom 5, Dining Room, Bedroom 7, Bathroom 4, Bathroom 7, Bathroom 3, Bedroom 6, Bedroom 5, Bedroom 9, Bathroom 6, Bathroom 9, Bathroom 2, Bedroom 4, Bedroom 10, Bedroom 2, Bedroom 3, Bedroom 11, Bathroom 1, Bedroom 8, Bathroom 8, Bathroom 10, Bedroom 1
Parking features
Open
Window features
Blinds
Pets allowed
Breed Restrictions
Interior features
Living Room/Dining Room Combo, Walk-In Closet(s), Window Treatments
Exterior features
Balcony
Fireplace
1
Appliances
Dishwasher, Dryer, Electric Water Heater, Range, Range Hood, Refrigerator, Washer
Subdivision
WATERFORD LNDG CONDO
Standard status
Active
Size
7,176 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
25321
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
two community pools
clubhouse
fitness center
racquetball
lake access
Building Details
Year built
1989
Floors in Building
1
Building materials
Stucco, Frame
Roof type
Shingle
Listing Agency:
LEGENDS REALTY
(407) 333-1010
Listed By:
Christina Nelson · License #3208397
(407) 705-2481
Added: Jul 29
Changed: Oct 8
Last Checked: Oct 14 at 4:06PM
MLS# O6429349
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 11-unit condominium portfolio comprises 7,176 square feet across individually deeded residences. Ten units are occupied by tenants, while one is vacant. Three floor plans range from 583 to 810 square feet, and current lease expirations extend on a staggered schedule through October 2027. The property was built in 1989 and is zoned R-3.
Located in the Waterford Landing community in East Orlando, the portfolio is near the University of Central Florida, Research Park, and Waterford Lakes Town Center. Community amenities include two pools, a clubhouse, a fitness center, racquetball facilities, and lake access. Water, sewer, trash, and common-area maintenance are covered by association services; tenants are responsible for electricity.
Located in the Waterford Landing community in East Orlando, the portfolio is near the University of Central Florida, Research Park, and Waterford Lakes Town Center. Community amenities include two pools, a clubhouse, a fitness center, racquetball facilities, and lake access. Water, sewer, trash, and common-area maintenance are covered by association services; tenants are responsible for electricity.
Key Highlights
- 11 individually deeded condominium units; 10 tenant‑occupied and 1 vacant
- 7,176 square feet across the portfolio
- Three floor plans ranging from 583 to 810 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,995
Cap Rate
6.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,859,900
$1.9M
Cap Rate 7%
$1,328,500
$1.3M
Cap Rate 9%
$1,033,278
$1.0M
Market Conditions
NOI Build-Up for 7,176 SF
Gross rent
$180.8K $25.20/SF
− Vacancy
−$11.8K −$1.64/SF
EGI
$169.1K $23.56/SF
− OpEx
−$76.1K −$10.60/SF
NOI
$93.0K $12.96/SF
Area
Orlando, FL
Vacancy
6.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,859,900
Cap Rate 7%
$1,328,500
Cap Rate 9%
$1,033,278
Alternative Uses
Best Use
Apartment 5plus
$1.33M
$1.16M – $1.55M
NOI $92,995 @ 7.0% cap · market cap 6.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.31M
$2.02M – $2.70M
NOI $161,815 @ 7.0% cap · market cap 10.44%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
11
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
366
Businesses Nearby
Explore this area
Business Placement
Demographics for 32826, FL
33,065
Population
10,714
Households
3.1
Avg Household Size
25
Median Age
34%
College-Educated
90%
High-School Grad
7.3 sq mi
ZIP Area
4,529
Density / Sq Mi
$61,784
Median Household Income
$27,066
Median Earnings
$1,478
Median Rent
$224,100
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?
Multifamily property - Ten residences are leased, with one currently vacant and lease expirations staggered through October 2027.
Where is this multifamily property located?
The property is located at Orlando, FL.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: 11 individually deeded condominium units; 10 tenant‑occupied and 1 vacant; 7,176 square feet across the portfolio; Three floor plans ranging from 583 to 810 square feet
