1505 CATHERINE ST, Orlando, FL 32801
1505 CATHERINE ST, Orlando, FL 32801
1505 CATHERINE ST, Orlando, FL 32801
1505 CATHERINE ST, Orlando, FL 32801
1505 CATHERINE ST, Orlando, FL 32801
1505 CATHERINE ST, Orlando, FL 32801
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$ 1,300,000
Est. payment | /mo

7 Beds

5 Baths

3,658 SqFt


$ 1,300,000
Est. payment | /mo

7 Beds

5 Baths

3,658 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,658 sqft

Price per Sqft $355

Subdivision Lake Davis Heights

MLS Listing ID O6417011

Bedrooms 7

Construction Status Completed

HOA Y/N No

Year Built 1950

Annual Tax Amount $10,644

Lot Size 10,018 Sqft

Acres 0.23

Property Sub-Type Quadruplex

Source Stellar MLS

Property Description

A rare multi-family home and exceptional quadplex investment opportunity located in Downtown Orlando's highly sought-after Lake Davis-Greenwood neighborhood. This turnkey multiplex combines one fully renovated historic home with a quadplex featuring three new apartments on a single parcel, offering an ideal opportunity for investors, owner-occupants, or those seeking a multi-generational living arrangement.

Encompassing approximately 3,658 square feet, this quadraplex includes four income-producing units with eight bedrooms, five bathrooms, and one separately metered one-car garage accessed from the exterior. Tenants enjoy four private parking spaces plus guest parking off Catherine Street. Each residence features its own private washer and dryer, creating a highly desirable, low-maintenance rental property designed to support premium rents.

The property currently generates approximately $9,000 per month in gross rental income (approximately $108,000 annually), with a diversified unit mix that provides multiple income streams and strong rental demand.

The front residence, originally built in 1950 and extensively renovated in 2018, offers three bedrooms, two bathrooms, and a flexible bonus room ideal for a home office, playroom, or guest suite. Additional features include a natural gas range, on-demand gas water heater, gas dryer, spacious primary bedroom, and walk-in closet.

Behind the main home is a newly constructed building, completed in 2023, featuring three separate apartments with individual addresses (Units A, B, and C). The rear building includes a downstairs two-bedroom, one-bath apartment with a private fenced backyard, an upstairs fully furnished two-bedroom, one-bath apartment with soaring 12-foot ceilings, and an upstairs studio apartment, all finished with contemporary materials and designed for low-maintenance ownership.

Whether you're searching for a high-performing multi-family home, an investment quadplex, a multiplex with excellent income potential, or a property suited for multi-generational living, this offering provides exceptional flexibility. Live in one unit while generating rental income from the others, or lease all four units for immediate cash flow and long-term appreciation.

Located within walking distance of 903 Mills Market, Lake Davis, Greenwood Urban Park, Delaney Park, and Thornton Park, the property also offers convenient access to Orlando Health, the Dr. Phillips Center for the Performing Arts, the Kia Center, Inter&Co Stadium (Orlando City Soccer), and Downtown Orlando's premier dining, entertainment, and employment centers.

Location

State FL

County Orange

Community Lake Davis Heights

Area 32801 - Orlando

Zoning R-2B/T/AN

Rooms

Other Rooms Inside Utility

Interior

Interior Features Ceiling Fans(s), Solid Surface Counters, Thermostat, Walk-In Closet(s), Window Treatments

Heating Electric

Cooling Central Air, Mini-Split Unit(s)

Fireplace false

Laundry Inside

Exterior

Exterior Feature Private Mailbox, Sidewalk

Garage Spaces 1.0

Utilities Available Cable Available, Cable Connected, Electricity Available, Electricity Connected

View Y/N No

Water Access No

Roof Type Shingle

Attached Garage true

Garage true

Private Pool No

Building

Entry Level Two

Foundation Slab

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Concrete,Stucco

New Construction false

Construction Status Completed

Schools

Elementary Schools Blankner Elem

Middle Schools Blankner School (K-8)

High Schools Boone High

Others

Pets Allowed Cats OK, Dogs OK

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6417011

Stellar MLS
Listed by Carla Trine MAINFRAME REAL ESTATE

Nearby Locations

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1505 CATHERINE ST