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Parramore Multifamily Home for Sale

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  • /23

    $330,000

    • 4 Beds
    • 2 Baths
    • 1,200 Sq Ft

    1025 Colyer St Unit A/B, Orlando, FL 32805

    Attention investors! **PRICE IMPROVEMENT BELOW APPRAISED VALUE** A rare opportunity to own an updated duplex in the heart of Downtown Orlando’s booming sports and entertainment district. Located at 1025 Colyer Street, this income-producing property features two spacious 2-bedroom, 1-bathroom units, both offering comfortable living spaces with functional layouts. With no HOA and a newer roof and

    Kelsey McMaster COLDWELL BANKER REALTY

    1025 Colyer St Unit A/B, Orlando, FL 32805

Why Live in Parramore

Parramore, located in Orlando, has a rich history dating back to the 1880s as the city’s first African-American neighborhood. The area thrived as an economic and entertainment hub, with notable venues like the South Street Casino and Wells’ Built Hotel. The construction of Interstate 4 in the 1950s disrupted the neighborhood, but recent revitalization efforts under the Parramore Comprehensive Neighborhood Plan aim to restore its vibrancy. This plan has introduced a new academic center, transit lines, and mixed-income apartments, and earned Parramore its designation as an Orlando Main Street District. Future developments include a $500 million entertainment complex near the Kia Center, home of the NBA’s Orlando Magic. Housing in Parramore features modest beach bungalows, shotgun houses, and contemporary craftsmans, with prices ranging from $175,000 to $275,000. The neighborhood also includes new subsidized housing and mixed-income apartments. Public transit has improved with the addition of two LYMMO lines, and drivers have access to Interstate 4 and State Road 408. Students attend Orange County Public Schools, with Lake Eola Charter being highly rated. Local dining options include Nikki's Place, Knali's Kitchen, and Foodies Cafe, while new businesses like Broken Strings Brewery and The District GastroBar are emerging. Points of interest include the Wells’ Built Museum and Z L Riley Park, which features a playground and walking trail. The Orlando Police Department, located on the neighborhood's west border, began Operation Positive Direction in 2009, a youth mentoring program that pairs local students with officers who help guide them toward future success through tutoring, community service, and one-on-one mentorship.
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