1505 Catherine Street, Orlando, FL 32801

$1,225,000

60 Photos

Property Description

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 HOAA 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.

1505 Catherine Street | MLS# O6417011

This multi-family property located at 1505 Catherine Street, Orlando, FL 32801 is currently listed for sale with an asking price of $1,225,000. Search Orlando real estate on www.soldbyloscalzo.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central Air, Mini-Split Unit(s)
Garage: 1 car attached
Heating: Electric
Lot Size: 0.23 Acres
Roof Type: Shingle
Stories: 2.0
Taxes: $10,644
Year Built: 1950
Square Feet: 3,658

Amenities

Ceiling Fans(s)
Solid Surface Counters
Thermostat
Walk-In Closet(s)
Window Treatments
Private Mailbox
Sidewalk

Feature Descriptions

Additional Rooms: Inside Utility
Annual Net Income: 88530.00
Days on Site: 78
Directions: From the Central Business District in Downtown Orlando, Head south on N Orange Ave, Turn left onto E Anderson St, Turn right onto S Mills Ave, Turn left onto Catherine St, the destination will be on the right, Street parking available for potential buyers
Exterior: Concrete, Stucco
Flood Zone Code: X
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Cash, Conventional
Lot Dimensions: 0.23
Ownership: Fee Simple
Pets Allowed: Cats OK, Dogs OK
Property Attached Y/N: No
Property Sub-Type: Quadruplex
Security: Security Fencing/Lighting/Alarms
Sewer: Public Sewer
Showing Instructions: Sentri Lock Box
Special Sale Provisions: None
Units: 4
Utilities: Cable Available, Cable Connected, Electricity Available, Electricity Connected
Water: Public
Water Access Y/N: No
Zoning: R-2B/T/AN

Local Schools

High School: Boone High
Middle School: Blankner School (K-8)
Elementary School: Blankner Elem

Listed By / Shown By

Listed By

Agency Name: MAINFRAME REAL ESTATE
Agency Contact: 407-513-4257

Shown By

Agent Name: Marc Loscalzo
Agent Phone: (904) 473-9035
Agency Title: Watson Realty Corp., REALTORS ®

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Estimated Payment

$ 7,419.24 per month $6,174.94 Principal & Interest $887.00 Property Tax $357.29 Homeowner's Insurance

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