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116 Oceans Circle
120 Oak Lane
21305 86th Avenue
1505 Catherine Street, ORLANDO, FL 32801
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1505 Catherine Street
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  • MLS#: O6346359 ( Residential Income )
  • Street Address: 1505 Catherine Street
  • Viewed: 141
  • Price: $1,300,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1950
  • Bldg sqft: 0
  • Garage / Parking Spaces: 5
  • Days On Market: 46
  • Additional Information
  • Geolocation: 28.5326 / -81.3609
  • County: ORANGE
  • City: ORLANDO
  • Zipcode: 32801
  • Subdivision: Lake Davis Heights
  • Elementary School: Blankner Elem
  • Middle School: Blankner School (K 8)
  • High School: Boone High
  • Provided by: MAINFRAME REAL ESTATE
  • Contact: Carla Trine
  • 407-513-4257
  • mfrmls
  • DMCA Notice
  • Description
    Seller Financing Available with $500k***Unique Investment Opportunity in the Heart of Orlando 4 Units on One Lot***Discover 1505 Catherine Street, a one of a kind income producing property offering the perfect balance of charm, lifestyle, and modern construction. This exceptional 4 unit, 3,658 sq. ft. investment includes a beautifully renovated main house and a newly built triplex, creating an opportunity thats rare to find in todays market. The front home, originally built in 1950 and fully renovated in 2018, features three bedrooms, a flex room, and two bathrooms. With its welcoming picket fence, private back patio, and inviting curb appeal, this home is as charming as it is functional. Behind the main residence, youll find a brand new (2023) triplex, thoughtfully designed with modern finishes and built to maximize rental potential. Investment Highlights: Total: 4 units | 8 bedrooms | 5 bathrooms | 3,658 sq. ft. Current NOI: $91,000 (7.07% cap rate) with long term tenants plus a legal Airbnb. Rental income: $6,500/month from 3 separately leased units, plus $3,700/month from the Airbnb. ***Unit C is owner occupied***Market value rent is $1300/monthly Upside potential: Convert one long term unit to short term rental to achieve $112,000 NOI (8% cap rate). Renovated main home (2018) + brand new triplex (2023). All units include private washer/dryer and all appliances convey. Airbnb unit conveys fully furnished. Private parking for 4 cars, plus a one car garage for the triplex. Nestled in the desirable Lake DavisGreenwood neighborhood, residents enjoy tree lined streets, neighborhood charm, and easy access to the best of Orlando. Walk to neighborhood favorite 903 Mills Market, take evening strolls around Lake Davis or Greenwood Urban Park, and enjoy a short 10 minute walk to Delaney Park or 15 minutes to vibrant Thornton Park. Just minutes away are the Orlando Health Complex, Dr. Phillips Performing Arts Center, Kia Center, and Orlando City Soccer Stadium, putting world class entertainment, dining, and culture right at your doorstep. Whether youre looking to expand your portfolio with strong, stable returns or maximize profits through short term rentals, this property delivers. With its prime location, lifestyle appeal, updated construction, and proven income, 1505 Catherine Street is truly an investors dream. https://www.airbnb.com/rooms/1277620304171843437?check_out=2025 10 07&viralityEntryPoint=1&unique_share_id=34AC4D32 8589 4682 AFB9 4829FD49E93C&slcid=e38af651e8814aa89750c71a74eaf06e&s=76&adults=2&check_in=2025 10 01&slug=ChZpdpRl&source_impression_id=p3_1758643741_P3l08y97s45f6Qj8
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Property Location and Similar Properties
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Similar
Features
Home Owners Association Fee
  1. 0.00
Carport Spaces
  1. 4.00
Close Date
  1. 0000-00-00
Cooling
  1. Central Air
  2. Mini-Split Unit(s)
Country
  1. US
Covered Spaces
  1. 0.00
Exterior Features
  1. Private Mailbox
  2. Sidewalk
Garage Spaces
  1. 1.00
Heating
  1. Electric
High School
  1. Boone High
Insurance Expense
  1. 0.00
Interior Features
  1. Ceiling Fans(s)
  2. Solid Surface Counters
  3. Thermostat
  4. Walk-In Closet(s)
  5. Window Treatments
Legal Description
  1. LAKE DAVIS HEIGHTS G/71 LOT 27
Levels
  1. Two
Living Area
  1. 3636.00
Middle School
  1. Blankner School (K-8)
Area Major
  1. 32801 - Orlando
Net Operating Income
  1. 0.00
Occupant Type
  1. Tenant
Open Parking Spaces
  1. 0.00
Other Expense
  1. 0.00
Parcel Number
  1. 36-22-29-4392-00-270
Pets Allowed
  1. Cats OK
  2. Dogs OK
Property Condition
  1. Completed
Property Type
  1. Residential Income
Roof
  1. Shingle
School Elementary
  1. Blankner Elem
Sewer
  1. Public Sewer
Tax Year
  1. 2024
Township
  1. 22
Utilities
  1. Cable Available
  2. Cable Connected
  3. Electricity Available
  4. Electricity Connected
Views
  1. 141
Virtual Tour Url
  1. https://www.propertypanorama.com/instaview/stellar/O6346359
Water Source
  1. Public
Year Built
  1. 1950
Zoning Code
  1. R-2B/T/AN
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