$448,997
38 Alder Drive
Orlando, FL 32807
Listing updated: May 30, 2026 at 3:05 PM ET
Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
One or more photo(s) has been virtually staged. BACK IN THE MARKET. FULLY RENOVATED property located in a highly sought-after, high-demand rental area of Orlando. The home features 5 bedrooms and 4 bathrooms, plus two bonus units with independent entrances, ideal for generating two additional income streams while maintaining complete privacy for the main residence. The layout is perfect for house hacking—live in the main home while the independent units help offset the mortgage—or use it strictly as an investment property with multiple income sources. An excellent option for long-term rentals, room-by-room rentals, or a hybrid strategy. Conveniently located near major roadways, shopping, and essential services, in an area with consistent rental demand. This is a move-in-ready property, designed for buyers who want to turn their purchase into an asset, not a liability. Opportunities like this—fully renovated properties with separate income potential—are rare in today’s market.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history87 days on market
- Status: ActiveMay 4, 2026
- Listed$479,997Jan 27, 2026
- Price reduced$448,997
Virtual Tour
Facts & features
- Property type
- Residential
- Sub type
- Single Family Residence
- Status
- Active
- Days on market
- 87
- Subdivision
- Azalea Park Sec 07
- County
- Orange
- Year built
- 1954
- Living area
- 1,658 sq ft
- Price/sq ft
- $271
- Building area
- 1,746 sq ft (Public Records)
- Lot size
- 9,257 sq ft
- Lot category
- 0 to less than 1/4
- Flood zone
- X (12095C0270F)
- Annual taxes
- $3,952 (2024)
- Parcel #
- 27-22-30-0390-04-190
- Zoning
- R-1A
- MLS #
- O6377013
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Interior Details
- Bedrooms
- 5
- Full bathrooms
- 4
- Flooring
- Tile
- Appliances
- Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
- Interior features
- Thermostat
- Laundry
- Inside
- Stories / Levels
- Two
- Direction faces
- West
- In-law suite
- Yes
Heating & Cooling
- Heating
- Central
- Cooling
- Central Air
Parking
- Carport
- Yes
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- CDD
- No
- Min lease term
- 1-7 Days
- Listing terms
- Cash, Conventional, FHA, Other
- Ownership
- Fee Simple
- Available for lease
- Yes
- Lease restrictions
- No
- Additional lease restrictions
- Buyer and buyer agent to verify with the county any restrictions.
Exterior & Construction
- Exterior features
- Private Mailbox, Sidewalk
- Construction materials
- Block, Stucco
- Roof
- Membrane
- Foundation
- Slab
- Road surface
- Asphalt, Paved
Utilities
- Sewer
- Public Sewer
- Water source
- Private
- Utilities
- Public
Schools
Letter grades: Florida DOE 2024–25 school grades (Orange, Seminole, Lake, Osceola, Brevard). Assigned schools from the listing agent — verify enrollment with the district.
Room Details
| Room | Level | Dimensions |
|---|---|---|
| Primary Bedroom | First | |
| Living Room | First | |
| Kitchen | First | |
| Dining Room | First | |
| Bathroom 1 | First | |
| Bedroom 2 | First |
Listing Details
- Listing date
- 2026-01-27
- On market date
- 2026-01-27
- Original list price
- $479,997
- Occupant type
- Vacant
- MLS area
- 32807 - Orlando/Azalea Park/Park Manor
- Listing AOR
- Osceola
- Status changed
- 2026-05-04
- Tax legal description
- AZALEA PARK SECTION SEVEN T/48 LOT 19 BLK D
Flood risk
Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
From Colonial Dr, head North Semoran Blvd, make a left on Dahlia Dr and left on Alder Dr, property will be on the left
Property sale history
Public records38 N ALDER DR, Orlando 32807
- Sep 2025$259,900
- Sep 2025$243,500
1,658 sq ft · Built 1954 · 0.2125 acres
Sale data from Florida public records (Department of Revenue / county property appraiser). Deemed reliable but not guaranteed; may not reflect current market or MLS status. Not Stellar MLS data.
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Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of May 30, 2026 at 3:05 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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