1505 CATHERINE ST Active Save Request In-Person Tour Request Virtual Tour
Orlando,FL 32801
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,636 sqft
Price per Sqft $385
Subdivision Lake Davis Heights
MLS Listing ID O6346359
Year Built 1950
Annual Tax Amount $10,644
Lot Size 10,018 Sqft
Property Sub-Type Quadruplex
Property Description
***Unique Investment Opportunity in the Heart of Orlando – 4 Units on One Lot***Discover 1505 Catherine Street, a one-of-a-kind income-producing property offering the perfect balance of charm, lifestyle, and modern construction. This exceptional 4-unit, 3,658 sq. ft. investment includes a beautifully renovated main house and a newly built triplex, creating an opportunity that's rare to find in today's market. The front home, originally built in 1950 and fully renovated in 2018, features three bedrooms, a flex room, and two bathrooms. With its welcoming picket fence, private back patio, and inviting curb appeal, this home is as charming as it is functional. Behind the main residence, you'll find a brand-new (2023) triplex, thoughtfully designed with modern finishes and built to maximize rental potential.
Investment Highlights:
Total: 4 units | 8 bedrooms | 5 bathrooms | 3,658 sq. ft.
Current NOI: $91,000 (6.5% cap rate) with long-term tenants plus a legal Airbnb.
Rental income: $6,500/month from 3 separately leased units, plus $3,700/month from the Airbnb.
Upside potential: Convert one long-term unit to short-term rental to achieve $112,000 NOI (8% cap rate).
Renovated main home (2018) + brand-new triplex (2023).
All units include private washer/dryer and all appliances convey.
Airbnb unit conveys fully furnished.
Private parking for 4 cars, plus a one-car garage for the triplex.
Nestled in the desirable Lake Davis–Greenwood neighborhood, residents enjoy tree-lined streets, neighborhood charm, and easy access to the best of Orlando. Walk to neighborhood favorite 903 Mills Market, take evening strolls around Lake Davis or Greenwood Urban Park, and enjoy a short 10-minute walk to Delaney Park or 15 minutes to vibrant Thornton Park. Just minutes away are the Orlando Health Complex, Dr. Phillips Performing Arts Center, Kia Center, and Orlando City Soccer Stadium, putting world-class entertainment, dining, and culture right at your doorstep. Whether you're looking to expand your portfolio with strong, stable returns or maximize profits through short-term rentals, this property delivers. With its prime location, lifestyle appeal, updated construction, and proven income, 1505 Catherine Street is truly an investor's dream.
https://www.airbnb.com/rooms/1277620304171843437?check_out=2025-10-07&viralityEntryPoint=1&unique_share_id=34AC4D32-8589-4682-AFB9-4829FD49E93C&slcid=e38af651e8814aa89750c71a74eaf06e&s=76&adults=2&check_in=2025-10-01&slug=ChZpdpRl&source_impression_id=p3_1758643741_P3l08y97s45f6Qj8
Location
State FL
County Orange
Community Lake Davis Heights
Area 32801 - Orlando
Zoning R-2B/T/AN
Rooms
Other Rooms Inside Utility
Interior
Heating Electric
Cooling Central Air,Ductless
Laundry Inside
Exterior
Exterior Feature Private Mailbox,Sidewalk
Garage Spaces 1.0
Utilities Available Cable Available,Cable Connected,Electricity Available,Electricity Connected
Roof Type Shingle
Building
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Concrete,Stucco
New Construction false
Schools
Elementary Schools Blankner Elem
Middle Schools Blankner School (K-8)
High Schools Boone High
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6346359