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$1,300,000
Active
1505 CATHERINE STREET
ORLANDO, FL 32801 — LAKE DAVIS HEIGHTS
8 Beds
6 Baths
3,636 sqft
0.23 acres
Built 1950
1-Car Garage
About This Property
A 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 quadplex 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 currently 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, on-demand gas water heater, gas dryer, spacious primary bedroom, and 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 fully furnished 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.
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 currently 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, on-demand gas water heater, gas dryer, spacious primary bedroom, and 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 fully furnished 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.
Property Details
Basics
- Property Type
- Residential
- Property Subtype
- Single Family Residence
- MLS Number
- O6418718
- Days on Market
- 40
- 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
- 8
- Full Baths
- 6
- 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