1505 CATHERINE STREET ORLANDO FL 32801 MLS #O6346359

***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