1360 Formosa Avenue, Winter Park, FL 32789
Local realty services provided by:Better Homes and Gardens Real Estate Thomas Group
Listed by: salvison dickson, philip kolbrich
Office: top florida homes
MLS#:O6292751
Source:MFRMLS
Price summary
- Price:$625,000
- Price per sq. ft.:$279.52
About this home
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.
Contact an agent
Home facts
- Year built:1949
- Listing ID #:O6292751
- Added:292 day(s) ago
- Updated:January 11, 2026 at 09:03 AM
Rooms and interior
- Bedrooms:3
- Total bathrooms:3
- Living area:1,890 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
Structure and exterior
- Roof:Membrane
- Year built:1949
- Building area:1,890 sq. ft.
- Lot area:0.11 Acres
Schools
- High school:Edgewater High
- Middle school:College Park Middle
- Elementary school:Princeton Elem
Utilities
- Water:Public, Water Available
- Sewer:Septic Tank
Finances and disclosures
- Price:$625,000
- Price per sq. ft.:$279.52
- Tax amount:$8,350 (2024)
New listings near 1360 Formosa Avenue
- New
$150,000Active3 beds 2 baths1,232 sq. ft.1823 Maywood Road, WINTER PARK, FL 32792
MLS# V4946674Listed by: PROPERTY SHOWCASE RE NETWORK - Open Sun, 1 to 3pmNew
$1,025,000Active3 beds 2 baths2,626 sq. ft.1840 Shiloh Lane, WINTER PARK, FL 32789
MLS# O6371859Listed by: FANNIE HILLMAN & ASSOCIATES - Open Sun, 1 to 3pmNew
$1,025,000Active0.28 Acres1840 Shiloh Lane, WINTER PARK, FL 32789
MLS# O6372746Listed by: FANNIE HILLMAN & ASSOCIATES - New
$190,000Active2 beds 2 baths1,219 sq. ft.200 Saint Andrew #3103, WINTER PARK, FL 32792
MLS# S5141362Listed by: LPT REALTY, LLC - New
$364,900Active3 beds 3 baths1,682 sq. ft.1552 Florentino Lane, WINTER PARK, FL 32792
MLS# O6371271Listed by: COLDWELL BANKER RESIDENTIAL RE - New
$778,000Active4 beds 2 baths2,015 sq. ft.1317 Medinah Court, WINTER PARK, FL 32792
MLS# O6372177Listed by: SAND DOLLAR REALTY GROUP INC - New
$249,000Active2 beds 2 baths1,020 sq. ft.2432 Barbados Drive, WINTER PARK, FL 32792
MLS# FC315191Listed by: KOKOMO REALTY LLC
$540,000Active4 beds 3 baths2,878 sq. ft.3312 Heartwood Avenue, WINTER PARK, FL 32792
MLS# O6352582Listed by: MID-STATE PROPERTIES PSL LLC- New
$495,000Active2 beds 2 baths1,148 sq. ft.690 Osceola Avenue #503, WINTER PARK, FL 32789
MLS# O6372265Listed by: KELLER WILLIAMS REALTY AT THE PARKS - New
$436,000Active3 beds 3 baths1,907 sq. ft.2834 Bright Bird Lane, WINTER PARK, FL 32792
MLS# O6372452Listed by: LIFESTYLE INTERNATIONAL REALTY