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Rare Investment Opportunity in College Park Beautifully Renovated Main Home + Large Income-Producing Garage Apartment 4 Bedrooms + Office | 3 Bathrooms | Over 2,400 SF | R-3 Zoning | Dual Rental Potential Welcome to 1616 Tulane Street"”a unique and lucrative investment opportunity in the heart of College Park. This property offers two highly desirable living spaces: a spacious and elegantly upgraded 4-bedroom single-family home and a separately metered 1-bedroom apartment above the detached 2-car garage"”ideal for long-term rental income, short-term Airbnb potential, or multi-generational living. Primary Residence - Stylish & Versatile Thoughtfully designed with both charm and functionality, the main home features a rare U-shaped single-story layout that wraps around a resort-style courtyard. Perfect for families, professionals, or those looking to generate extra income by living in one unit and renting out the other. 3 bedrooms + dedicated office (or 4th bedroom in main house) Light-filled open-concept living and dining areas Chef's kitchen with oversized island, double wine fridge, exposed brick, and floor-to-ceiling cabinetry Lavish primary suite with tray ceiling, walk-in closet, and spa-style bath Dedicated laundry room with custom cabinetry and backyard access Designer details throughout: barn door accents, rich wood-style flooring, and elevated finishes Detached Guest Apartment - Income Potential or Private Use Located above the 2 1/2 car garage, the detached 1-bedroom suite includes: Private entrance and full bathroom Spacious layout suitable for a tenant, in-laws, home office, or creative studio Positioned for optimal privacy while sharing access to the backyard oasis Resort-Style Courtyard Living The property's striking U-shaped design encloses a private, low-maintenance courtyard that feels like a true retreat: Expansive paver patio with string lights and lounge area Built-in fire pit zone for gatherings Modern wood pergola and hammock swing Artificial turf"”perfect for pets and play with zero upkeep Fully fenced for privacy and security Room to add a plunge pool or garden Additional Highlights Zoned R-3: Rare flexibility for multiple dwellings or rental configurations. Studio apartment has it's own separate legal address. Impact fees were paid when adding garage studio. Zoning allows an additional 3rd unit for additional convenience and/or income. Paver driveway + walkways and a professionally landscaped front yard Charming architectural details with glass-paneled front door and modern finishes Quiet street just minutes to Edgewater Drive, Ivanhoe Village, Downtown Orlando, and The Packing District Walkable to shops, cafes, and top-rated schools Investor's Dream or Owner-Occupant with Built-In Income Whether you choose to live in the main house and rent the apartment, occupy both, or lease both units separately, 1616 Tulane and 1616 1/2 offers unmatched versatility and earning potential in one of Orlando's most desirable neighborhoods. Don't miss this rare opportunity to own a high-performing investment property with modern style and timeless curb appeal in sought-after College Park.
| DAYS ON MARKET | 134 | LAST UPDATED | 12/11/2025 |
|---|---|---|---|
| TRACT | COLLEGE COURT SUB | YEAR BUILT | 1951 |
| COMMUNITY | 32804 - Orlando/College Park | GARAGE SPACES | 2.0 |
| COUNTY | Orange | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| PRICE HISTORY | |
| Prior to Aug 28, '25 | $999,900 |
|---|---|
| Aug 28, '25 - Sep 18, '25 | $974,900 |
| Sep 18, '25 - Oct 7, '25 | $949,900 |
| Oct 7, '25 - Nov 11, '25 | $899,000 |
| Nov 11, '25 - Dec 11, '25 | $849,000 |
| Dec 11, '25 - Today | $829,000 |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Disposal, Refrigerator |
| AREA | 32804 - Orlando/College Park |
| CONSTRUCTION | Block, Stucco |
| EXTERIOR | Dog Run |
| GARAGE | Yes |
| HEAT | Central |
| LOT | 7405 sq ft |
| PARKING | Garage Door Opener, Guest, On Street, Attached |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | COLLEGE COURT SUB |
| TAXES | 4912 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Patricia Sullivan, OLDE TOWN BROKERS INC, 407-425-5069
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 12/20/25 1:04 AM PST.
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