tomo logo

$1,199,900

Beds
4
Baths
3.5
sq ft
2,288

806 Palmer St, Orlando, FL 32801

806 Palmer St

ORLANDO, FL 32801

  • <1 day on market
This unique multifamily investment opportunity is a one-of-a-kind portfolio is must-see. Comprising a front duplex and a single-family home in the back, this property offers the perfect blend of modern living and income potential. Located just three blocks south of downtown Orlando, this 95% new construction—completed in July 2023—sits on a quiet street in the highly sought-after Lake Davis neighborhood. Surrounded by lush landscaping, large oak trees, and beautiful city parks, this is a prime location that provides tranquility while being close to everything Orlando has to offer. Lake Davis is only two blocks away, and the property is conveniently located near Delaney Park and Lake Eola. Top attractions such as the Dr. Phillips Performing Arts Center, the Amway Center, and ORMC are less than 2 miles away Each unit features high-end finishes and top-of-the-line amenities. They include separate water and electrical meters, open concept living rooms and kitchens, and smart-home technology like Alexa-controlled recessed lights and ceiling fans. The homes are beautifully finished with Shaw Floorte PRO 7 floors, Mi Low E double-pane casement windows, Infinity quartzite natural stone countertops, and 42” all-wood shaker cabinets. Kitchens are equipped with convection ovens, induction stovetops, vented hoods, stainless steel appliances, and farmhouse sinks. Both front units offer covered porches and one parking space each, with additional storage available in a secure 3'x8' room off the rear unit. The back unit boasts a spacious 8'x16' Trex composite deck and a one-car garage with insulated door, jack shaft auto deadbolt opener, and 50-amp car charger plug. The shared community space features a picnic table, grill area, and overhead string lights for a welcoming outdoor atmosphere. This property has been meticulously constructed with new roofing, plumbing, electrical systems, and framing. Key upgrades include Bora-Care termite treatment for wood framing, hurricane-rated materials, insulated dividing walls for soundproofing, and even underground AT&T fiber internet. Currently, all three units are rented to professionals on one-year leases or MTM. As long as one of the units is designated as a long-term rental, one of the others can be used to generate income through as an Airbnb, or all three units can be utilized as investment properties. Whether you’re looking for a triplex to call home or a smart investment with long-term potential, this property offers it all. <iframe width="853" height="480" src="https://my.matterport.com/show/?m=1acwmeAY7iS&mls=1" frameborder="0" allowfullscreen allow="autoplay; fullscreen; web-share; xr-spatial-tracking;"></iframe>

Details

Property type

Single Family Residence

Est. home value

$533,353

Lot size

8,457 sq ft

Price per sq ft

$525

Year built

1947

Annual property taxes

$10,406.22

HOA

No

Price History

01/29/2025
StellarMLS

StellarMLS #O6274982

Listed
$1,199,900
+274.97%
10/20/2021
StellarMLS

StellarMLS #O5968389

Sold
$320,000

Schools & Community

Neighborhood: 

Lake Davis-Greenwood

Elementary school: 

Blankner Elem

Middle school: 

Blankner School (K-8)

High school: 

Boone High

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$393,851
Asking price
$1,199,900
Closing costs (~8% of asking)
-$95,992
Est. remaining loan balance
-$710,057
Cash to seller
$393,851

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

September 2023

Original loan amount

$720,000

Est. remaining balance

$710,057

Interest rate

6.96%

Loan type

New Conventional, 30 year

Seller

Chelsea L Cantilli and Octavian Cantilli

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 01/30/2025 at 12:00 PM

Listing updated: 01/30/2025 at 9:06 AM

Listed by: Abby Nelson, RE/MAX 200 REALTY Phone #: (407) 629-6330

MLS: StellarMLS #O6274982

StellarMLS logo

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