ORLANDO, FLORLANDO, FLORLANDO, FL
Stellar MLS
1 / 8

$1,550,000

Orlando, FL 32826

Listing updated: September 26, 2026 at 4:37 PM ET

Active
Stellar MLSListing courtesy of Legends Realty · Christina Nelson · MLS #O6429349 · Active · 407-333-1010
11
Beds
10
Baths
650
Sq Ft
0.23
Acres
1989
Built
◆Fireplace◆$2,385/sqft
Quadruplex

Property type

1989

Year built

10,205 sqft

Lot size

$2,385

Price / sq ft

$234/mo

HOA dues

58

Days on market

X

Flood zone

About this home

INVESTMENT OPPORTUNITY – 11-UNIT CONDO PORTFOLIO NEAR UCF! Offered at $1,550,000, this income-producing portfolio is located within the established Waterford Landing community in East Orlando, convenient to the University of Central Florida, Research Park, Waterford Lakes Town Center, shopping, dining and major roadways. The portfolio consists of 11 individually deeded condominium units, including 10 tenant-occupied units and 1 vacant unit, with three floor plans ranging from 583 to 810 square feet. Current lease expirations are staggered through October 2027, providing an investor with continued rental income while allowing future renewals and rental placement to occur over time. Upcoming-vacancy units may be simultaneously marketed for sale and lease. The portfolio currently generates scheduled rental income of approximately $14,305 per month / $171,660 annually. Based on normalized recurring operating expenses, the portfolio generates an estimated NOI of approximately $104,552, representing an estimated 6.75% cap rate at the current asking price. Normalized NOI separates recurring repairs and maintenance from major capital replacements and non-recurring turnover expenses to provide a clearer representation of ongoing operating performance. Waterford Landing offers two community pools, clubhouse, fitness center, racquetball and lake access. Monthly condominium association assessments vary by unit size and currently range from approximately $209 to $290 per unit. Association fees include water, sewer, trash, common-area maintenance and other association-covered services, while tenants are responsible for electricity. Acquiring multiple units within a single established community provides diversification across multiple tenants and lease expiration dates while retaining the flexibility of individual condominium ownership. The portfolio's proximity to UCF, Research Park and major Central Florida transportation corridors supports an established rental location with long-term investment potential. Portfolio sale preferred; seller may consider alternative purchase structures or a smaller grouping of units depending upon terms. Units are also offered for sale individually. Please refer to the separate MLS listings for current individual unit details, occupancy status and availability. Please refer to the included Tax ID numbers and legal descriptions for the complete list of the 11 units included in the portfolio sale. Contact the Listing Agent for additional financial information.

Estimated monthly payment

Principal & interest$7,838
Property taxes$193
Home insurance (est.)$710
HOA dues$234

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 history58 days on market

  1. Status: Active
    Jul 30, 2026
  2. Listed$1,700,000
    Jul 30, 2026
  3. Price reduced$1,550,000

Facts & features

Property type
Residential Income
Sub type
Quadruplex
Status
Active
Days on market
58
Subdivision
Waterford Lndg Condo
County
Orange
Year built
1989
Living area
650 sq ft
Price/sq ft
$2,385
Lot size
10,205 sq ft
Lot category
0 to less than 1/4
Flood zone
X (12095C0280F)
Annual taxes
$2,311 (2025)
Parcel #
15-22-31-9110-02-103
Zoning
R-3
MLS #
O6429349

Ask about this home

Have a question? Ask the broker directly.

Ryan Solberg answers personally — no call center, no spam. Your question goes straight to him.

Your question is private and goes only to Ryan — it is never published on this page.

Interior Details

Bedrooms
11
Appliances
Dishwasher, Dryer, Electric Water Heater, Range, Range Hood, Refrigerator, Washer
Interior features
Living Room/Dining Room Combo, Walk-In Closet(s), Window Treatments
Laundry
Electric Dryer Hookup, In Kitchen, Laundry Closet, Washer Hookup
Stories / Levels
One
Fireplace
Yes

Heating & Cooling

Heating
Central
Cooling
Central Air

Parking

Parking features
Open

HOA & Financial

HOA fee
$234 / Monthly
Monthly HOA
$234/mo
Total monthly fees
$234/mo
Total annual fees
$2,808
HOA name
Jo Ann Donaldson - Sentry Management
CDD
No
Min lease term
8-12 Months
Listing terms
Cash, Conventional
Ownership
Fee Simple
Available for lease
Yes
Lease restrictions
Yes
Additional lease restrictions
Required Lease and Contact Info Sheet to HOA

Exterior & Construction

Exterior features
Balcony
Construction materials
Stucco, Frame
Roof
Shingle
Foundation
Slab
Road surface
Asphalt

Utilities

Sewer
Public Sewer
Water source
Public
Utilities
Cable Available, Water Connected

Community

Pets allowed
Breed Restrictions

Listing Details

Listing date
2026-07-29
On market date
2026-07-30
Original list price
$1,700,000
Occupant type
Tenant
MLS area
32826 - Orlando/Alafaya
Listing AOR
Orlando Regional
Status changed
2026-07-30
Tax legal description
WATERFORD LANDING CONDOMINIUM 8684/2101UNIT 2107 BLDG 2 WATERFORD LANDING CONDOMINIUM 8684/2101UNIT 2103 BLDG 2 WATERFORD LANDING CONDOMINIUM 8684/2101UNIT 2205 BLDG 2 WATERFORD LANDING CONDOMINIUM 8684/2101UNIT 2209 BLDG 2 WATERFORD LANDING CONDOMINIUM 8684/2101UNIT 2111 BLDG 2 WATERFORD LANDING CONDOMINIUM 8684/2101UNIT 3304 BLDG 3 WATERFORD LANDING CONDOMINIUM 8684/2101UNIT 5203 BLDG 5 WATERFORD LANDING CONDOMINIUM 8684/2101UNIT 6108 BLDG 6 WATERFORD LANDING CONDOMINIUM 8684/2101UNIT 5103 BLDG 5 WATERFORD LANDING CONDOMINIUM 8684/2101UNIT 10305 BLDG 10 WATERFORD LANDING CONDOMINIUM 8684/2101UNIT 5105 BLDG 5

Flood risk

Minimal riskFEMA Zone XPanel 12095C0280F

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.

More homes like this

MLS GRID

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 September 26, 2026 at 4:37 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.

All or a portion of the multiple listing information is provided by Stellar MLS, from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 Stellar MLS. All rights reserved.

Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA