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804 W Concord St
Orlando, FL 32805
Multifamily Property For Sale
·
5 Units
Investment Highlights
- 5-unit multifamily property across three buildings
- Projected NOI: ~$84,160 with rent alignment
- Located near Creative Village / Downtown Orlando
- 0.46-acre lot with zoning allowing up to 7 units
- Separately metered utilities (tenant-paid)
Executive Summary
5-Unit Multifamily with Expansion Potential | 0.46 Acres | Creative Village Area
Rare opportunity to acquire a fully leased 5-unit income property on a 0.46-acre infill site near Downtown Orlando’s Creative Village with an additional unit that can be built out in one of the existing buildings. The property has demonstrated long-term tenant retention, with several residents occupying their units for more than eight years. The property currently operates as a 5-unit rental generating stable income while zoning allows for additional development, creating a clear path for additional density and future income growth.
Pricing Snapshot:
• Price: $1,049,000
• Price per current unit: $209,800
• Price per potential unit: ~$149,857
• Current NOI: ~$69,700
• Current cap rate at Asking: ~6.64%
Ideal Buyer Profile:
• Multifamily investors seeking stable cash flow
• Developers looking for small infill density opportunities
• 1031 exchange buyers targeting income with upside
Creative Village Growth & Investment:
Positioned near Orlando’s 68-acre Creative Village innovation district, the property benefits from continued investment and development immediately west of Downtown Orlando. Phase I delivered nearly $700 million in investment, including UCF and Valencia College’s Downtown Campus, EA Orlando, Luminary Green, and significant multifamily and student housing. Current and future phases contemplate additional residential, commercial, office, hospitality and innovation uses, with the district’s master plan ultimately envisioning more than $2 billion in total investment and continued buildout beyond 2031. This ongoing development reinforces the area’s long-term potential as a growing mixed-use extension of Downtown Orlando.
Buyer to verify zoning, development feasibility, and permitting requirements.
Tours are by appointment only. Do not disturb tenants.
Rare opportunity to acquire a fully leased 5-unit income property on a 0.46-acre infill site near Downtown Orlando’s Creative Village with an additional unit that can be built out in one of the existing buildings. The property has demonstrated long-term tenant retention, with several residents occupying their units for more than eight years. The property currently operates as a 5-unit rental generating stable income while zoning allows for additional development, creating a clear path for additional density and future income growth.
Pricing Snapshot:
• Price: $1,049,000
• Price per current unit: $209,800
• Price per potential unit: ~$149,857
• Current NOI: ~$69,700
• Current cap rate at Asking: ~6.64%
Ideal Buyer Profile:
• Multifamily investors seeking stable cash flow
• Developers looking for small infill density opportunities
• 1031 exchange buyers targeting income with upside
Creative Village Growth & Investment:
Positioned near Orlando’s 68-acre Creative Village innovation district, the property benefits from continued investment and development immediately west of Downtown Orlando. Phase I delivered nearly $700 million in investment, including UCF and Valencia College’s Downtown Campus, EA Orlando, Luminary Green, and significant multifamily and student housing. Current and future phases contemplate additional residential, commercial, office, hospitality and innovation uses, with the district’s master plan ultimately envisioning more than $2 billion in total investment and continued buildout beyond 2031. This ongoing development reinforces the area’s long-term potential as a growing mixed-use extension of Downtown Orlando.
Buyer to verify zoning, development feasibility, and permitting requirements.
Tours are by appointment only. Do not disturb tenants.
Property Facts
| Price Per Unit | $209,800 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.46 AC |
| Cap Rate | 6.64% | Building Size | 3,686 SF |
| No. Units | 5 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built/Renovated | 1955/2025 |
| Apartment Style | Single-Family Home | Parking Ratio | 1.63/1,000 SF |
| Zoning | R-2B - R-2B zoning has a maximum density of 16 dwelling units per acre. Maximum building height is 30 feet. | ||
| Price Per Unit | $209,800 |
| Sale Type | Investment |
| Cap Rate | 6.64% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 3,686 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1955/2025 |
| Parking Ratio | 1.63/1,000 SF |
| Zoning | R-2B - R-2B zoning has a maximum density of 16 dwelling units per acre. Maximum building height is 30 feet. |
Amenities
Unit Amenities
- Air Conditioning
- Ceiling Fans
- Tile Floors
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 2 | $1,663 | 704 - 1,408 |
| 1+1 | 3 | $1,463 | 484 - 1,250 |
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