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$1,300,000
Active
1505 CATHERINE STREET
ORLANDO, FL 32801 — LAKE DAVIS HEIGHTS
4 Beds
2 Baths
3,636 sqft
0.23 acres
Built 1950
1-Car Garage
About This Property
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
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 Details
Basics
- Property Type
- Residential
- Property Subtype
- Single Family Residence
- MLS Number
- O6418718
- Year Built
- 1950
- Levels
- Two
- Additional Rooms
- Inside Utility
- Direction Faces
- South
- Occupant Type
- Tenant
Size & Structure
- Living Area
- 3,636 sqft
- Total Area
- 3,636 sqft
- Lot Size
- 0.23 acres
- Lot Sq Ft
- 9,910 sqft
- Bedrooms
- 4
- Full Baths
- 2
- Garage Spaces
- 1
Interior
- Flooring
- Hardwood, Tile
- Appliances
- Dishwasher, Disposal, Dryer, Range, Refrigerator, Washer
- Interior Features
- Ceiling Fans(s), Solid Surface Counters, Thermostat, Walk-In Closet(s), Window Treatments
- Laundry
- Inside
- Windows
- Blinds
- Furnished
- Negotiable
- A/C
- Central Air, Mini-Split Unit(s)
- Heating
- Electric
Exterior & Lot
- Exterior Features
- Private Mailbox, Sidewalk
- Construction
- Concrete, Stucco
- Roof
- Shingle
- Foundation
- Slab
- Patio/Porch
- Porch, Rear Porch
- Fencing
- Board
Water & Pool
Community & HOA
- HOA
- No
- Pets Allowed
- Cats OK, Dogs OK
Utilities & Systems
- Water
- Public
- Sewer
- Public Sewer
- Utilities
- Cable Available, Cable Connected, Electricity Available, Electricity Connected
- Cooling
- Central Air, Mini-Split Unit(s)
- Heating
- Electric
- Flood Zone
- X
Financial
- List Price
- $1,300,000
- Annual Taxes
- $10,644
- Tax Year
- 2024
- Listing Terms
- Cash, Conventional
- Special Conditions
- None
Schools
- Elementary
- Blankner Elem
- Middle School
- Blankner School (K-8)
- High School
- Boone High