Blue Realty

1505 CATHERINE STREET

ORLANDO , FL 32801

MLS#: O6346359

$1,400,000

Status: Active
Listing number: O6346359
Listing provided by: MAINFRAME REAL ESTATE
Listing agent phone: None
Last update: 3 hours ago
On site: a month ago
Browse Properties
LAKE DAVIS HEIGHTS - Residential Income

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1950

Sq.Footage

3,636

Seller Financing Available with $500k***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. ***Unit C is owner-occupied***Market value rent is $1300/monthly 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

Features & Amenities

Interior

  • Other Interior Features

    Walk-In Closet(s)

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Electric

  • Pet friendly

    Cats OK, Dogs OK

Exterior

  • Garage

    Yes

  • Garage spaces

    1

  • Construction Materials

    Concrete, Stucco

  • Parking

    Attached

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.23

  • Property Type

    Residential Income

  • Property Sub Type

    Quadruplex

Price

  • Sales Price

    $1,400,000

  • Tax Amount

    10644.0

  • Sq. Footage

    3, 636

  • Price/SqFt

    $385

HOA

  • Association

    NO

School District

  • Elementary School

    Blankner Elem

  • Middle School

    Blankner School (K-8)

  • High School

    Boone High

Property Features

  • Foundation Details

    Slab

  • Ownership

    Fee Simple

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

  • Tax Lot

    27

  • Water Source

    Public

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Location

County

Orange

Elementary School

Blankner Elem

Middle School

Blankner School (K-8)

High School

Boone High

Listing Courtesy of Carla Trine , MAINFRAME REAL ESTATE

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(941) 699-6390

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Seller Financing Available with $500k***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. ***Unit C is owner-occupied***Market value rent is $1300/monthly 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

1505 CATHERINE STREET

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