***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
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
Property Details
Price:
$1,400,000
MLS #:
O6346359
Status:
Active
Beds:
0
Baths:
0
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
LAKE DAVIS HEIGHTS
Neighborhood:
32801orlando
Listed Date:
Sep 23, 2025
Finished Sq Ft:
3,636
Lot Size:
9,910 sqft / 0.23 acres (approx)
Year Built:
1950
Units:
4
See this Listing
Schools
Elementary School:
Blankner Elem
Middle School:
Blankner School (K-8)
High School:
Boone High
Interior
Cooling
Central Air, Mini-Split Unit(s)
Heating
Electric
Laundry Features
Inside
Exterior
Construction Materials
Concrete, Stucco
Exterior Features
Private Mailbox, Sidewalk
Roof
Shingle
Financial
Tax Year
2024
Taxes
$10,644
Map
Community
- Address1505 CATHERINE STREET ORLANDO FL
- SubdivisionLAKE DAVIS HEIGHTS
- CityORLANDO
- CountyOrange
- Zip Code32801
Market Summary
Current real estate data for Multi Family in ORLANDO as of Oct 02, 2025
49
Multi Family Listed
118
Avg DOM
377
Avg $ / SqFt
$917,471
Avg List Price
Property Summary
- Located in the LAKE DAVIS HEIGHTS subdivision, 1505 CATHERINE STREET ORLANDO FL is a Multi Family for sale in ORLANDO, FL, 32801. It is listed for $1,400,000 To schedule a showing of MLS#o6346359 at 1505 CATHERINE STREET in ORLANDO, FL, contact your Stonecrest International Realty agent at 561-707-9933.
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1505 CATHERINE STREET
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