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Wade M. Berlin

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1505 Catherine Street
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PRICED AT ONLY: $1,400,000

Address: 1505 Catherine Street, ORLANDO, FL 32801

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 thats rare to find in todays 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, youll 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 DavisGreenwood 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 youre 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 investors 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

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  • MLS#: O6346359 ( Residential Income )
  • Street Address: 1505 Catherine Street
  • Viewed: 26
  • Price: $1,400,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1950
  • Bldg sqft: 0
  • Garage / Parking Spaces: 5
  • Days On Market: 28

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 thats rare to find in todays 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, youll 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 DavisGreenwood 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 youre 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 investors 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
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Private Mailbox, Sidewalk
  • Living Area: 3636.00
  • Roof: Shingle
Property Information
  • Property Condition: Completed
School Information
  • High School: Boone High
  • Middle School: Blankner School (K-8)
  • School Elementary: Blankner Elem
Garage and Parking
  • Garage Spaces: 1.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 4.00
  • Cooling: Central Air, Ductless
  • Heating: Electric
  • Pets Allowed: Cats OK, Dogs OK
  • Sewer: Public Sewer
  • Utilities: Cable Available, Cable Connected, Electricity Available, Electricity Connected
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2024
Other Features
  • Country: US
  • Interior Features: Ceiling Fans(s), Solid Surface Counters, Thermostat, Walk-In Closet(s), Window Treatments
  • Legal Description: LAKE DAVIS HEIGHTS G/71 LOT 27
  • Levels: Two
  • Area Major: 32801 - Orlando
  • Occupant Type: Tenant
  • Parcel Number: 36-22-29-4392-00-270
  • Views: 26
  • Zoning Code: R-2B/T/AN
Nearby Subdivisions
Daniel Bros Sub   Eola Rose Annex   Groves Sub   H W Fuller Sub   Hibiscus Court   Lake Davis Heights   Revised Daniels Bros Sub   Woodlawn Add  

Contact Info

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Wade M. Berlin

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