1505 CATHERINE ST, Orlando, FL 32801
1505 CATHERINE ST, Orlando, FL 32801
1505 CATHERINE ST, Orlando, FL 32801
1505 CATHERINE ST, Orlando, FL 32801
1505 CATHERINE ST, Orlando, FL 32801
1505 CATHERINE ST, Orlando, FL 32801
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$ 1,300,000
Est. payment | /mo

3,636 SqFt


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$ 1,300,000
Est. payment | /mo
Save

3,636 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,636 sqft

Price per Sqft $357

Subdivision Lake Davis Heights

MLS Listing ID O6417011

Construction Status Completed

HOA Y/N No

Year Built 1950

Annual Tax Amount $10,644

Lot Size 10,018 Sqft

Acres 0.23

Property Sub-Type Quadruplex

Source Stellar MLS

Property Description

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

State FL

County Orange

Community Lake Davis Heights

Area 32801 - Orlando

Zoning R-2B/T/AN

Rooms

Other Rooms Inside Utility

Interior

Interior Features Ceiling Fans(s), Solid Surface Counters, Thermostat, Walk-In Closet(s), Window Treatments

Heating Electric

Cooling Central Air, Mini-Split Unit(s)

Fireplace false

Laundry Inside

Exterior

Exterior Feature Private Mailbox, Sidewalk

Garage Spaces 1.0

Utilities Available Cable Available, Cable Connected, Electricity Available, Electricity Connected

Roof Type Shingle

Attached Garage true

Garage true

Private Pool No

Building

Entry Level Two

Foundation Slab

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Concrete,Stucco

New Construction false

Construction Status Completed

Schools

Elementary Schools Blankner Elem

Middle Schools Blankner School (K-8)

High Schools Boone High

Others

Pets Allowed Cats OK, Dogs OK

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

Stellar MLS
Listed by Carla Trine MAINFRAME REAL ESTATE

Nearby Locations

Katie Bray

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(407) 779-6677

katie@mainframere.com

811 N Orange Ave, Orlando, FL, 32801, USA

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1505 CATHERINE ST