1360 FORMOSA AVENUE Winter Park, FL $ 625,000
1360 FORMOSA AVENUE
$ 625,000
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1360 FORMOSA AVENUE

Winter Park, FL, 32789
$ 625,000
Bedrooms3 Baths3.0 Sq 1,890

Monthly Estimate*

$ 3,899

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Multi-Family Home for sale in Winter Park, FL

for $625,000 with 3 bedrooms and 3 full baths. This 1,890 square foot home was built in 1949 on a lot size of 0.11.

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.

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Multi-Family Active

Price

$ 625,000

Bedrooms

3

Full Bath

3

Property Type

Multi-Family

Taxes

$ 8,350

Style

Triplex

Lot Size

0.11

Year Built

1949

Town/City

Winter Park

County/Region

Orange

MLS | Web ID

O6292751

Features
General
Sewer Septic Tank
Heating Central
Cooling Central Air
Utilities Electricity Available Water Available
Roof Membrane
Zoning R-2
Construction Materials Block
Year Built 1949
Tenant Pays Electricity
Levels One
Property Subtype Triplex
Tax Year 2024
Ownership Fee Simple
Gross Income 46500
County Orange
New Construction false
Property Type Residential Income
Attached Garage false
Subdivision Name PINES
Garage Y/N false
Status Active
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.
High School Edgewater High
City WINTER PARK
Senior Community Y/N false
Number Of Units Total 3
MLS Area 32789 - Winter Park
Lot Size Units Square Feet
Lot Size Square Feet 4803
Carport Spaces 1
Carport Y/N true
Listing Terms Cash Conventional Other
Elementary School Princeton Elem
Land Lease Y/N false
Tax Annual Amount 8350
Middle/Junior High School College Park Middle
Ok to Lease 12 Months
Additional Parcels Y/N false
Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6292751
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Tax Lot 25
Legal Description THE PINES H/14 LOT 25 (LESS W 10 FT IN ST) BLK B
Water Access Y/N false
Water View Y/N false
Flood Zone Code X
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Interior
Interior Amenities Ninguno Other
Flooring Hardwood
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Laundry Features Outside
Total Bedrooms 3
Total Baths 3
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Exterior
Exterior Amenities Fenced Other
Water Source Public
Lot Size Area 4803
Foundation Details Crawlspace Slab
Number of Buildings 1
Building Area Total 2236
Lot Size Acres 0.11
Road Surface Type Asphalt
Private Pool false
Waterfront Y/N false
Covered Spaces 1
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* Excluded Features
List By
Top Florida Homes

Broker

salvison@topfloridahomes.com

Email

Affordability Calculator

$4,595
Per Month
85%
15%
0%
Monthly Principal & Interest
$3,899
Monthly Property Taxes
$696
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
Edgewater High High School High School
Pricing History
DatePricePrice ChangeDescription
12/19/2025$625,000 Listed Price

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1360 FORMOSA AVENUE, Winter Park, FL, 32789 is a Multi-Family Home for sale at $625,000 with 1,890 sqft and a lot size of 0.11. 1360 FORMOSA AVENUE has 3 bedrooms, 3.0 baths, and was built in 1949. The property's zip code is 32789 which is in Winter Park, FL