1028 Federal St Orlando, FL 32805
Property details
About 1028 Federal St
This listing is for two adjacent units, each one a two-unit duplex, so total number of units at this price is 4 units. This is a great income property and the chance to add four doors to your portfolio for instant cash flow. These two units are standalone, adjacent duplexes for a total of four rentable units, each with 2 bed / 1 bath. Each duplex is separately deeded but seller intends to sell them together for inherent value. One rental unit currently vacant and undergoing some updates that Seller can complete prior to close or let new buyer complete. Two of the rental units currently on month to month at below market rents of $800 / mo. The fourth unit has a lease in place until May of 2025 at a rent of $950. If all rents are moved up to market this property should be able to operate at a very desirable cap rate. All units separately metered. Roofs were replaced in 2023 and 2024. Windows and doors on most units have been recently replaced as well for insurability. Reference MLS# O6263043 found in Income properties search for more details re: financials and such.
Highlights
Summary
- MLS Number: O6263063
- MLS Name: MFRMLS
- Office Name: LPT REALTY
- Office Phone: (877) 366-2213
- Listing Agent: Mike Derenthal
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Last updated on: 3/14/2025, 11:49:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$599,900
1028 Federal St
$7,124
closing credit¹
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Sep 16, 2004 | Home Sold | $83,500 |
| Jun 17, 2004 | Home Sold | $335,000 |
| Aug 08, 2000 | Home Sold | $50,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $105,380 | $1,451 |
| 2022 | $87,926 | $1,283 |
| 2021 | $78,377 | $1,283 |
| 2020 | $75,488 | $1,190 |
| 2018 | $72,610 | $1,057 |
| 2017 | $50,406 | $867 |
History based on county public records data.
Nearby schools
10
Hamlin Elementary School
Public District KG-5
0.6 mi
•445 W Amelia St
8
Panther Lake Elementary School
Public District KG-5
0.6 mi
•445 W Amelia St
9
Rock Lake Elementary School
Public District PK-5
0.7 mi
•408 N Tampa Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $35,000. Most Orlando, FL residents have annual incomes less than $<35k. The most common type of family is single, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
UFC
Figure Skating- Pro Boxing
Where do the neighbors shop?
Family Dollar
Burlington
Big Lots
Where do the neighbors go to eat?
Burger King
Church's Chicken
Popeyes
What do the neighbors drive?
Buick
Cadillac
Dodge
What do the neighbors listen to?
Urban Contemporary
Jazz
Adult Standards
This home is located at 1028 Federal St in Orlando, FL and zip code 32805 in the Callahan neighborhood. This 2,808 square foot home, which was built in 1949, sits on a 0.15 acre lot. Features: 8 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since December 7, 2024 and is currently priced at $599,900.
In February 2025 more than 49 listings in Orlando, FL were sold above the asking price. During the same period more than 149 listings were sold at asking price, while more than 377 were sold below. Between January and February 2025, Orlando, FL real estate market has seen increase in the number of listings by 10.1%. In February 2025, listings were on the market for 64 days. During the same period, the median list price in this real estate market was $397,761.