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1360 Formosa Avenue

WINTER PARK, FL 32789

3 beds
3 baths
1,890 sqft
4,803 sqft lot
$330 per sqft
1949 build
– on site

Discover a rare and lucrative opportunity at 1360 Formosa Ave, a corner lot triplex in the highly sought-after Winter Park market. This income-generating property features three fully rented one-bedroom, one-bathroom units, providing a strong and steady return on investment. With 100% occupancy, this property is already a cash-flowing asset, but its value-add potential makes it even more enticing for savvy investors seeking long-term gains. The triplex sits in a prime location just minutes from Rollins College, Full Sail University, and downtown Orlando, making it highly attractive to a consistent pool of tenants. The property's proximity to major employers, boutique shopping, and popular dining options on Park Avenue ensures ongoing rental demand and future appreciation. What makes this investment even smarter is Winter Park’s limited inventory and high property values, driven by its historic charm, excellent schools, and vibrant lifestyle. With steady property appreciation, investing in a multifamily property here offers the potential for significant equity growth. Additionally, the value-add opportunities are abundant. Whether through cosmetic upgrades, improved landscaping, or adding modern amenities, this triplex has room to increase rental income and maximize ROI. Winter Park’s strong rental market makes this property a low-risk, high-reward investment. The area boasts low vacancy rates and increasing rental prices, offering reliable cash flow. Plus, the property's corner lot location provides the potential of enhanced curb appeal and the potential for future development or expansion. This is more than just an income-generating property—it’s an opportunity to invest in a growing, high-demand market with long-term stability. Whether you're looking to expand your portfolio or secure a foothold in Winter Park's thriving real estate market, 1360 Formosa Ave is a rare find with exceptional potential.

Listing courtesy of STELLAR_MLS / TOP FLORIDA HOMES

Last checked: Checking… • Last updated Mar 25, 2025 •

MLS# O6292751 —

The Building

Year Built:

1949
New Construction:

false
Construction Materials:

Block
Levels:

One
Roof:

Membrane
Foundation Details:

Crawlspace
# of Buildings:

1
Building Area Total:

2236
Building Area Units:

Square Feet
Building Area Source:

Appraiser

Interior

Interior Features:

Ninguno
Flooring:

Hardwood
Fireplace:

false

Room Dimensions

Living Area:

1890
Living Area Units:

Square Feet
Living Area Source:

Appraiser

Location

Directions:

Head southeast, Merge onto I-4 W, Use the right lane to take exit 85 for Princeton St, Turn right onto FL-438 N/Princeton St, Turn right onto Formosa Ave, property will be on the right.
Latitude:

28.584847
Longitude:

-81.377136
Coordinates:

-81.377136, 28.584847

The Property

Parcel Number:

122229709602250
Property Type:

Residential Income
Property Subtype:

Triplex
Lot Size Acres:

0.11
Lot Size Area:

4803
Lot Size SqFt:

4803
Lot Size Units:

Square Feet
Total Acres:

0 to less than 1/4
Zoning:

R-2
View:

false
Exterior Features:

Fenced
Water Source:

Public
Road Surface Type:

Asphalt
Flood Zone Code:

X
Flood Zone Panel:

12095C0235F
Additional Parcels:

false
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Lot:

25
Tax Block:

B
Tax Legal Description:

THE PINES H/14 LOT 25 (LESS W 10 FT IN ST) BLK B
Tax Book Number:

H-14
Tax Annual Amount:

8350

Beds

Bedrooms Total:

3

Baths

Total Baths:

3

The Listing

Virtual Tour URL Unbranded:

https://www.propertypanorama.com/instaview/stellar/O6292751
Special Listing Conditions:

None

Heating & Cooling

Heating:

Central
Heating:

true
Cooling:

Central Air
Cooling:

true

Utilities

Utilities:

Electricity Available
Sewer:

Septic Tank

Appliances

Laundry Features:

Outside

Schools

Elementary School:

Princeton Elem
Middle Or Junior School:

College Park Middle
High School:

Edgewater High

The Community

Subdivision Name:

PINES
Senior Community:

false
Waterview:

false
Water Access:

false
Waterfront:

false
Pool Private:

false
Association:

false
Ownership:

Fee Simple

Parking

Garage:

false
Attached Garage:

false
Carport:

true
Carport Spaces:

1
Covered Spaces:

1

Extra Units

# of Units Total:

3

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Max Internet Speed

AT&T Fiber

Provided by BroadbandNow®

Sale history

Date	Event	Source	Price	% Change
3/24/25 Mar 24, 2025	Listed / Active	STELLAR_MLS	$625,000	27.6% (9.2% / YR)
3/25/22 Mar 25, 2022		STELLAR_MLS	$490,000

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This multifamily located in College Park, Orlando, FL 32789 is currently for sale for $625,000. 1360 Formosa Avenue is a 1,890 square foot multifamily with 3 beds and 3 baths that has been on Estately for 21 days. 1360 Formosa Avenue is in the College Park neighborhood of Orlando and has a WalkScore® of 46, making it car-dependent. This multifamily is in the attendance area of Princeton Elementary School, Cornerstone Charter Academy High School, College Park Middle School, Edgewater High School, and Cornerstone Charter Academy K-8.

Listing Courtesy of: STELLAR_MLS and TOP FLORIDA HOMES.

Based on information from the My Florida Regional MLS DBA Stellar MLS 2025.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Stellar MLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing 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. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Stellar MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. For any questions please call (407) 499-8911.