Active

$1,225,000

Features:
  • 8 Bedrooms
  • 5 Bathrooms
  • 3658 sq ft
Overview
  • ID: MFRO6417011
  • Bedrooms: 8
  • Bathrooms: 5
  • Size: 3658 sq ft
Property Details
Remarks
4-UNIT INCOME PROPERTY • ~$108K+ ANNUAL GROSS RENT • NEAR DOWNTOWN ORLANDO • MINUTES FROM LAKE EOLA • 3 UNITS 2023 NEW CONSTRUCTION W/ FIRE SPRINKLERS • FRONT HOUSE RENOVATED 2018 • 4BR/2BA, 2BR/1BA, 2BR/1BA & STUDIO • 4X IN-UNIT LAUNDRY • 5 PRIVATE PARKING SPACES • NO HOA A rare multi-family home and exceptional quadplex investment opportunity located in Downtown Orlando's highly sought-after Lake Davis-Greenwood neighborhood. This turnkey multiplex combines one fully renovated historic home with a triplex featuring three new apartments on a single parcel, offering an ideal opportunity for investors, owner-occupants, or those seeking a multi-generational living arrangement. Encompassing approximately 3,658 square feet, this quadraplex includes four income-producing units with eight bedrooms, five bathrooms, and one separately metered one-car garage accessed from the exterior. Tenants enjoy four private parking spaces plus guest parking off Catherine Street. Each residence features its own private washer and dryer, creating a highly desirable, low-maintenance rental property designed to support premium rents. The property typically generates approximately $9,000 per month in gross rental income (approximately $108,000 annually), with a diversified unit mix that provides multiple income streams and strong rental demand. The front residence, originally built in 1950 and extensively renovated in 2018, offers three bedrooms, two bathrooms, and a flexible bonus room ideal for a home office, playroom, or guest suite. Additional features include a natural gas range, an on-demand gas water heater, a gas dryer, a spacious primary bedroom, and a walk-in closet. Behind the main home is a newly constructed building, completed in 2023, featuring three separate apartments with individual addresses (Units A, B, and C). The rear building includes a downstairs two-bedroom, one-bath apartment with a private fenced backyard, an upstairs two-bedroom, one-bath apartment with soaring 12-foot ceilings, and an upstairs studio apartment, all finished with contemporary materials and designed for low-maintenance ownership. Whether you're searching for a high-performing multi-family home, an investment quadplex, a multiplex with excellent income potential, or a property suited for multi-generational living, this offering provides exceptional flexibility. Live in one unit while generating rental income from the others, or lease all four units for immediate cash flow and long-term appreciation. Located within walking distance of 903 Mills Market, Lake Davis, Greenwood Urban Park, Delaney Park, and Thornton Park, the property also offers convenient access to Orlando Health, the Dr. Phillips Center for the Performing Arts, the Kia Center, Inter&Co Stadium (Orlando City Soccer), and Downtown Orlando's premier dining, entertainment, and employment centers.
Financial Considerations
Price:
$1,225,000
HOA Fee:
N/A
Tax Amount:
$10644
Price per SqFt:
$334.88
Tax Legal Description:
LAKE DAVIS HEIGHTS G/71 LOT 27
Exterior Features
Lot Size:
9910
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
8
Bathrooms:
5
Heating:
Electric
Cooling:
Central Air, Mini-Split Unit(s)
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
Two
Additional Features
Property Sub Type:
Quadruplex
Style:
N/A
Year Built:
1950
Construction Type:
Concrete, Stucco
Garage Spaces:
Yes
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Private Mailbox, Sidewalk
Additional Features 2:
N/A
Map
  • Address
    1505 CATHERINE ST
Contact a Professional
Why Choose Us?
  • Communication and Transparency
  • Skilled Negotiation
  • Robust Professional Network
  • After-Sale Support
Featured Properties

Related Properties

avt
Daniel Dourado
$ 235,000
avt
Daniel Dourado
$ 1,390,000
avt
Daniel Dourado
$ 510,000
avt
Daniel Dourado
$ 349,000
img
  • Featured
  • Active
Quadruplex

Carr. 144 Km. 4.2 SANTA BARBARA

  • 8
  • 5
  • 338 m²
avt
Daniel Dourado
$ 549,900
avt
Daniel Dourado
$ 675,000
img
  • Featured
  • Active
Quadruplex

Ocean Park OCEAN PARK

  • 10
  • 11
  • 557 m²
avt
Daniel Dourado
$ 2,700,000
avt
Daniel Dourado
$ 605,575
avt
Daniel Dourado
$ 3,750,000
avt
Daniel Dourado
$ 530,000
avt
Daniel Dourado
$ 830,000
img
  • Featured
  • Active
Quadruplex

157 CALLE NEPTUNO, ISLA VERDE

  • 0
  • 0
  • 220 m²
avt
Daniel Dourado
$ 750,000