BEDS4
BATHS2 full
SQUARE FEET3,636
MLS#O6418718
STATUSActive
PROPERTY TYPEResidential - Single Family
SUBDIVISIONLAKE DAVIS HEIGHTS
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
Property Features
Property Type: Residential - Single Family
Cooling: Central Air, Mini-Split Unit(s)
Fenced: Yes
Garage: 1 car attached
Heating: Electric
Lot Size: 0.23 Acres
Roof Type: Shingle
Stories: 2.0
Taxes: $10,644
Year Built: 1950
Amenities
Ceiling Fans(s)
Solid Surface Counters
Thermostat
Walk-In Closet(s)
Window Treatments
Private Mailbox
Sidewalk
Feature Descriptions
Additional Rooms: Inside Utility
Appliances: Dishwasher, Disposal, Dryer, Range, Refrigerator, Washer
Days on Site: 4
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
Fencing: Board
Flood Zone Code: X
Flooring: Hardwood, Tile
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Cash, Conventional
Lot Dimensions: 0.23
Ownership: Fee Simple
Patio/Porch: Porch, Rear Porch
Pets Allowed: Cats OK, Dogs OK
Property Attached Y/N: No
Property Sub-Type: Single Family Residence
Sewer: Public Sewer
Showing Instructions: 24 Hour Notice, Appointment Only, Call Listing Agent, ShowingTime
Special Sale Provisions: None
Utilities: Cable Available, Cable Connected, Electricity Available, Electricity Connected
Vegetation: Mature Landscaping
Water: Public
Water Access Y/N: No
Windows: Blinds
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
Agency Title: RealtyMark
Agency Phone: 888-260-0040
Estimate Your Payment
Estimated Payment
$ 4,159.40 per month $2,893.24 Principal & Interest $887.00 Property Tax $379.17 Homeowner's InsuranceChange Payment Information
1505 Catherine Street | MLS# O6418718
This single family home located at 1505 Catherine Street, Orlando, FL 32801 is currently listed for sale with an asking price of $1,300,000. This property was built in 1950 and has 4 bedrooms and 2 full baths with 3636 sq. ft. Catherine Street is located in the LAKE DAVIS HEIGHTS subdivision. Search LAKE DAVIS HEIGHTS real estate on www.realtymark.net today.