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821 SLEEPY HARBOUR DRIVE

Multi-family For Sale
$499,000

BTC: 6.13323500

ETH: 205.18092105

-$50K (2026/09/01)
84 days
4 bds
1,964 sqft

Overview

Investor opportunity in the heart of Ocoee! This well-maintained duplex at 821/823 Sleepy Harbour Drive offers immediate cash flow with significant upside. Each unit features 2 bedrooms, 2 bathrooms, an additional office/flex space, oversized living areas, screened lanais, private fenced yards, individual one-car garages, and separate water and electric meters. Built in 1990, the property has a functional layout that continues to attract long-term tenants - Current tenants are long term and wish to stay. Current rents are $1,720 per unit, providing stable income today, while offering the opportunity to increase returns. With cosmetic updates, market rents are estimated around $2,500 per unit, creating excellent value-add potential for investors looking to grow cash flow. Major capital improvements have already been completed, including a new bathroom (2026) new roof (2022), one new garage door (2022), a new septic system (2022), exterior paint (2022), one new A/C system (2025), and the second A/C replaced in 2017. These big-ticket updates allow the next owner to focus on maximizing rental income rather than major maintenance expenses. Conveniently located near shopping, dining, major highways, and downtown Ocoee, this is a rare opportunity to acquire an income-producing property with strong upside potential in a desirable Central Florida location. Whether you're adding to your portfolio or looking for your next value-add investment, this duplex checks all the right boxes.

Location

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1990
Lot:
0.22 Acres
Heating:
Central
Price/sqft:
$254
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$439,999
$393K – $739K
Confidence Low
List vs. estimate
$59K above estimate
List $499,000 · +13.4%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$254
+0.0% vs. city median $254
Based on
7 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$7,644
2025
Garage
1 car garage
All facts and features
  • Heating

    • Central

    Cooling

    • Central Air

    Other interior features

    • Ceiling Fan(s)

    • Living Room/Dining Room Combo

    • Primary Bedroom Main Floor

    Bedrooms and bathrooms

    • Bedrooms: 4

  • Property

    • Exterior Features: Sidewalk

    Lot

    • Lot: 0.22 Acres

    Other Property Information

    • Parcel Number: 202228338500060

    • Zoning: R-3

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Duplex

  • Utility

    • Cable Connected

    • Electricity Connected

  • Other financial information

    • Annual tax amount: $7,644

  • Source details

    • MLS ID: O6427602

    Other facts

    • Construction Materials: Block

    • Foundation Details: Slab

    • Laundry Features: In Garage

    • Garage Spaces: 1

    • Attached Garage: Yes

    • Garage: Yes

    • Living Area: 1964

    • Water Source: Public

    • Subdivision Name: HARBOUR HIGHLANDS 02

Private inquiry
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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: ATRIUM REALTY, LLC