1505 CATHERINE St, Orlando, FL 32801

Sqft
3,636
Garage
Yes

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Listed byMainframe Real Estate
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Overview

A Rare four-unit investment opportunity located in Downtown Orlando’s highly sought-after Lake Davis-Greenwood neighborhood, combining one fully renovated historic home with three newly constructed apartments on a single parcel. The property encompasses approximately 3,658 square feet and includes eight bedrooms, five bathrooms across four units, and one separately metered one-car garage accessed only from outside. Parking for tenants is convenient with 4 private parking spaces with guest parking off Catherine Street. Each unit features private washers and dryers and is designed to support premium rental rates and low-maintenance ownership.

The property generates approximately $9,000 per month in gross rental income, or approximately $108,000 annually, with a diversified unit mix that creates multiple income streams and supports strong rental demand. The front residence, originally built in 1950 and extensively renovated in 2018, offers three bedrooms, two bathrooms, a flexible bonus room ideal for a home office, playroom, or guest space, and includes a natural gas range, on-demand gas hot water, and a gas dryer with a large master bedroom and walk-in closet.

The rear building, newly constructed in 2023 with separate addresses for Units A, B, and C, includes a downstairs 2/1 apartment with a private backyard, an upstairs 2/1 fully furnished apartment with 12-ft ceilings, and an upstairs studio apartment, all featuring modern finishes and low-maintenance construction.

The walkable location is near 903 Mills Market, Lake Davis, Greenwood Urban Park, Delaney Park, and Thornton Park, with convenient access to Orlando Health, the Dr. Phillips Center for the Performing Arts, the Kia Center, Orlando City Soccer Stadium, and Downtown Orlando’s premier dining, entertainment, and employment centers. This property is ideal for investors seeking a turnkey asset or an owner-occupant looking to house hack, with strong potential for stable cash flow and long-term appreciation

Location

Full feature list

Basic info

Property type
Multi-family
Square feet
3,636
Lot size (acres)
0.23
Year built
1950

Interior features

Laundry
Inside

Exterior features

Water view
Yes
Horse amenities
Stable

Garage and parking

Garage parking spaces
1

Utilities

Heating
Electric
Cooling
Multi-split AC, Central Air
Sewer
Public Sewer
Water
Public Water

Taxes

Tax Annual Amount (2024)
$10,644

Public schools

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Sourced from: Stellar MLS MLS®#: O6417011 Last checked:

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