Tour
#O6309275, Thomas Nickley, Jr, Listing office: KELLER WILLIAMS REALTY AT THE PARKS
$625,000 List price
1360 Formosa Ave Winter Park, FL 32789
3 beds
3 baths
1,890 sqft
0.1 acres
$331 / sqft
Multi-Family
Property details
About 1360 Formosa Ave
Discover a rare and lucrative opportunity at 1360 Formosa Ave, a corner lot triplex in the highly sought-after Winter Park market. This income-generating property features three fully rented one-bedroom, one-bathroom units, providing a strong and steady return on investment. With 100% occupancy, this property is already a cash-flowing asset, but its value-add potential makes it even more enticing for savvy investors seeking long-term gains. The triplex sits in a prime location just minutes from Rollins College, Full Sail University, and downtown Orlando, making it highly attractive to a consistent pool of tenants. The property's proximity to major employers, boutique shopping, and popular dining options on Park Avenue ensures ongoing rental demand and future appreciation. What makes this investment even smarter is Winter Park’s limited inventory and high property values, driven by its historic charm, excellent schools, and vibrant lifestyle. With steady property appreciation, investing in a multifamily property here offers the potential for significant equity growth. Additionally, the value-add opportunities are abundant. Whether through cosmetic upgrades, improved landscaping, or adding modern amenities, this triplex has room to increase rental income and maximize ROI. Winter Park’s strong rental market makes this property a low-risk, high-reward investment. The area boasts low vacancy rates and increasing rental prices, offering reliable cash flow. Plus, the property's corner lot location provides the potential of enhanced curb appeal and the potential for future development or expansion. This is more than just an income-generating property—it’s an opportunity to invest in a growing, high-demand market with long-term stability. Whether you're looking to expand your portfolio or secure a foothold in Winter Park's thriving real estate market, 1360 Formosa Ave is a rare find with exceptional potential.
Highlights
Home typeTriplex
HeatingCentral
StatusActive
CoolingCentral Air
Size1,890 sqft
Lot size0.11 Acres
Year built1949
MLS #O6292751
Virtual tour
Summary
- Flooring Type: Wood
- Interior: Ninguno, Other
- Total Bedroom Count: 3
- Attached Garage: No
- Private Pool: No
- Exterior: Fence, Other
- Heating: Central
- Cooling: Central Air
- List Price: $625,000
- Price/SqFt: $330
- HOA Amount: $0
- Annual Tax Amount: $7,243
- Tax Year: 2023
- Directions: Head southeast, Merge onto I-4 W, Use the right lane to take exit 85 for Princeton St, Turn right onto FL-438 N/Princeton St, Turn right onto Formosa Ave, property will be on the right.
- Year Built: 1949
- Living Area: 1,890 SqFt
- Lot Size: 0.11 Acres
- MLS Number: O6292751
- MLS Name: MFRMLS
- Office Name: TOP FLORIDA HOMES
- Office Phone: (321) 287-3913
- Listing Agent: Salvison Dickson
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Last updated on: 7/24/2025, 2:34:38 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Mar 31, 2022 | Home Sold | $490,000 |
| Apr 13, 2006 | Home Sold | $299,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $412,309 | $7,243 |
| 2022 | $239,757 | $4,294 |
| 2021 | $223,946 | $4,294 |
| 2020 | $226,113 | $4,049 |
| 2018 | $192,918 | $3,448 |
| 2017 | $165,383 | $3,125 |
History based on county public records data.
Nearby schools
6
Killarney Elementary School
Public District PK-5
0.8 mi
•2401 Wellington Blvd
8
Princeton Elementary School
Public District KG-5
1.0 mi
•311 W Princeton St
5
Lake Silver Elementary School
Public District PK-5
1.6 mi
•2401 N Rio Grande 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 $73,288. Typical income of Winter Park, FL residents is between $35k-100k annually. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
22%
<35k
47%
35k-100k
22%
100k-200k
9%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
57%
Single, No Kids
8%
Single, with Kids
23%
Married, No Kids
12%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
9%
<11 yrs old
6%
12-17 yrs old
25%
18-34 yrs old
49%
35-64 yrs old
11%
65+ yrs old
What do the neighbors do for fun?
Hiking/backpacking
NBA/WNBA
Symphony or Opera
Where do the neighbors shop?
Nordstrom Rack
New York & Company
Chico's
Where do the neighbors go to eat?
Chipotle
Qdoba
Boston Market
What do the neighbors drive?
Mazda
Infiniti
Volvo
What do the neighbors listen to?
Rock- Active Rock
Talk/Personality
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1360 Formosa Ave
The listing price of 1360 Formosa Ave property is $625,000.
The property 1360 Formosa Ave is a multi located in Winter Park, Florida, 32789.
Active Listing: 1360 Formosa Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1360 Formosa Ave are: Killarney Elementary School (GreatSchools Rating 6/10), Princeton Elementary School (GreatSchools Rating 8/10), Lake Silver Elementary School (GreatSchools Rating 5/10), College Park Middle School (GreatSchools Rating 2/10), Orlando Gifted Academy (GreatSchools Rating 10/10), Audubon Park School (GreatSchools Rating 9/10), Edgewater High School (GreatSchools Rating 4/10), Ocvs Virtual Franchise (GreatSchools Rating 6/10), Orlando Science Middle High Charter (GreatSchools Rating 9/10).
According to the records, the last property tax for 2023 is $7,243 (source: MLS/based on county public records data).
The last sale was on March 31, 2022 for $490,000 (source: MLS/tax record).
The property 1360 Formosa Ave is 1,890 SqFt (source: MLS/tax record).
The year of construction for 1360 Formosa Ave is 1949.
This home is located at 1360 Formosa Ave in Winter Park, FL and zip code 32789 in the Fairview Shores neighborhood. This 1,890 square foot home, which was built in 1949, sits on a 0.11 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since March 24, 2025 and is currently priced at $625,000.
Winter Park, FL housing market in June 2025 saw over 7 listings sold above listed price, more than 19 sold at listed price and over 58 sold below. In June 2025 in Winter Park, FL there were 5% less homes for sale than in May. The median list price of listings available in June 2025 was $460,000, while the average time on the real estate market was 41 days.
From Rocket Homes Real Estate and based on county public records data.