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1360 FORMOSA AVENUE
WINTER PARK FL 32789 US

$625,000

Active Listing ID O6292751
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3 bed
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Lot: 0.11 Acres
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Triplex

$625,000

Active Listing ID O6292751
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1360 FORMOSA AVENUE 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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Property Features

  • Facts
  • Lot Size: 0.11 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Triplex
  • Features
  • Cooling System: Central Air
  • Exterior Finish: Fence
  • Floor Covering: Wood
  • Roof Type: Membrane
  • Heating Fuels: Central

School Information

  • School
  • Princeton Elem(Elementary)
  • College Park Middle(MiddleSchool)
  • Edgewater High(HighSchool)

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Triplex
  • listprice: 625000
  • unparsedaddress: 1360 FORMOSA AVENUE
  • postalcity: WINTER PARK
  • stateorprovince: FL
  • country: US
  • postalcode: 32789
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.11
  • lotsizeunits: Acres
  • lotsizearea: 0.11
  • livingarea: 1890
  • livingareaunits: Square Feet
  • latitude: 28.584847
  • longitude: -81.377136
  • listagentfullname: Salvison Dickson
  • listagentemail: salvison@topfloridahomes.com
  • listagentkey: 3yd-MFRMLSFL-272508709
  • listagentmlsid: 272508709
  • listagentpreferredphone: 3473882308
  • listagentofficephone: 8559190458
  • listofficekey: 3yd-MFRMLSFL-261018893
  • listagentstatelicense: 3321853
  • listofficemlsid: 261018893
  • disclaimer: Copyright © 2025 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MFRMLSFL
  • yearbuilt: 1949
  • listingcontractdate: 2025-03-24
  • listagenturl: https://www.TopFloridaHomes.com
  • countyorparish: Orange
  • parcelnumber: 12-22-29-7096-02-250
  • elementaryschool: Princeton Elem
  • highschool: Edgewater High
  • cooling: Central Air
  • constructionmaterials: Block
  • flooring: Wood
  • heating: Central
  • numberofunitstotal: 3
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • parkingfeatures: Carport
  • roof: Membrane
  • waterfrontyn: False
  • interiorfeatures: Ninguno
  • exteriorfeatures: Fence
  • architecturalstyle: Other
  • rooms: Bedroom 1, Bedroom 2, Bedroom 3
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • fencing: Fenced
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -81.37714, 28.584846
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Top Florida Homes", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"salvison@topfloridahomes.com", "ListBrokerageCity":"Orlando", "ListBrokerageCountry":"US", "ListBrokerageEmail":"philip@topfloridahomes.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"Top Florida Homes", "ListBrokeragePhone":"(321) 287-3913", "ListBrokeragePostalCode":"32828", "ListBrokerageStateOrProvince":"FL", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"12950 Tanja King Blvd", "ListBrokerageWebsiteUrl":"https://www.TopFloridaHomes.com", "ListOfficeAddress1":"12950 Tanja King Blvd", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":null, "ListOfficeCity":"Orlando", "ListOfficeCountry":"US", "ListOfficeEmail":"info@toporlandohomes.com", "ListOfficePostalCode":"32828", "ListOfficeStateOrProvince":"FL", "ListPriceCurrencyType":"USD", "ListingTitle":"Triplex - WINTER PARK, FL", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/1360-Formosa-Ave_Winter-Park_FL_32789_M63500-98758?f=listhub&s=MFRMLSFL&m=O6292751&c=rexren", "MLSModificationTimestamp":"2025-03-25T13:29:12Z", "Neighborhoods":[], "PostalCode":null, "RawPropertySubType":"Triplex", "RawPropertyType":"Residential Income", "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":8350, "TaxDescription":null, "TaxYear":"2024"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 10/11/2025 11:05:08 PM GMT
Source Updated Date: 12/8/2025 6:53:59 PM GMT

Courtesy of: Salvison Dickson, TOP FLORIDA HOMES, salvison@topfloridahomes.com

Copyright © 2025 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.