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    Cape Canaveral Multifamily Investment
    Updated: Feb 7, 2025
    Cape Canaveral Multifamily Investment

    404 HARRISON AVENUE, Cape Canaveral, FL 32920

    $2,200,000
    8,143 sqft 0.29 AC lot
    Prime coastal location in Cape Canaveral, just two blocks from the ocean.
    Spacious 2‑bedroom, 1‑bath units with central air conditioning.
    Strong rental demand and stable occupancy in a sought‑after beachside community.
    Streamlined investment with tenants paying electricity, owner responsible for water only.
    Adjacent to Sandpiper Park, offering green space and recreational amenities.
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    This listing looks promising.

    Here's a quick look at some key insights for

    404 HARRISON AVENUE, CAPE CANAVERAL, FL 32920

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    • Est. Cap Rate

      3.8%
      NOI ÷ price

    • Est. NOI

      $83K
      Annual

    • Price @ 7% Cap

      $1.19M
      Suggested

    • Last Sold

      Feb 2026
      $120K
    View Property Analytics
    Six-Unit Multifamily Property
    Updated: Apr 30
    Six-Unit Multifamily Property

    7522 Magnolia Avenue, Cape Canaveral, FL 32920

    $1,050,000
    3,872 sqft 0.14 AC lot
    6‑unit multi‑family complex; all units are 2‑bedroom, 1‑bath and approximately 650 SF each (with backyards or balconies).
    Almost all units renovated within the last 5 years; complex reported with a zero vacancy rate.
    Newer AC reportedly less than 2 years old; HVAC includes central and electric options.
    Sturdy block/concrete/stucco construction; flooring includes tile.
    Roof and exterior updates: flat roof about 15 years old with joint flashing within the last 2 years; new gutter system within last 2 years.
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    Cape Canaveral Multifamily Investment Property
    Cape Canaveral Multifamily Investment Property

    404 HARRISON Ave, Cape Canaveral, FL 32920

    $2,200,000
    0.29 AC lot

    Well-located 12-unit multifamily property, two blocks from the ocean.

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    Boutique Apartment Building Near Beach
    Boutique Apartment Building Near Beach

    418 Adams Avenue, Cape Canaveral, FL 32920

    $3,550,000
    6,864 sqft

    9-unit apartment building, 1.5 blocks from the beach.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Multifamily Property Near Beach Access
    Multifamily Property Near Beach Access

    630 Adams Avenue, Cape Canaveral, FL 32920

    $5,400,000
    10,910 sqft 0.29 AC lot

    18-unit multifamily property near beach, offering investment opportunities.

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    Based on your search, we've compiled 32 Potential Opportunities for your consideration. Besides 5 Active listings in Cape Canaveral, FL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 19 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Titusville Multifamily Investment Opportunity
    Titusville Multifamily Investment Opportunity

    955 KNOX MCRAE DRIVE, Titusville, FL 32780

    $2,399,000
    15,488 sqft 0.91 AC lot

    20-unit apartment complex in growing Titusville, Florida.

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    Mixed-Use Property with High Exposure
    Mixed-Use Property with High Exposure

    2016 Melbourne Ct, Melbourne, FL

    $2,149,000
    8,607 sqft 0.15 AC lot

    Mixed-use property with commercial and residential units in high-traffic area.

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    Titusville Multifamily Investment Opportunity
    Titusville Multifamily Investment Opportunity

    955 KNOX MCRAE Dr, Titusville, FL 32780

    $2,399,000
    0.91 AC lot

    20-unit apartment complex in growing Titusville, Florida.

    View details
    Mixed-Use Building With Retail Spaces
    Mixed-Use Building With Retail Spaces

    620 E New Haven Avenue, Melbourne, FL 32901

    $1,550,000
    4,443 sqft 0.19 AC lot

    Mixed-use building featuring apartments and retail spaces with recent renovations.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Waterfront Lot in Treasure Island
    Waterfront Lot in Treasure Island

    141 104TH AVENUE, Treasure Island, FL 33706

    $2,225,000
    0.34 AC lot

    Waterfront lot zoned for multifamily residential use in Treasure Island.

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    Greenville Development Opportunity: 1.33 Acres
    Greenville Development Opportunity: 1.33 Acres

    71 Salters Road, Greenville, SC 29607

    $699,900
    1.33 AC lot

    1.33 acre parcel suitable for multi-family development near downtown.

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    Ocean Springs Highway 90 Land
    Ocean Springs Highway 90 Land

    Bienville Blvd, Ocean Springs, MS 39564

    $675,000
    143,748 sqft 3.30 AC lot

    3.3 acre commercial land on Highway 90, Ocean Springs.

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    Asheville Development Opportunity: 5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    215 N Bear Creek Road, Asheville, NC 28806

    $2,500,000
    5.94 AC lot

    5.94-acre parcel zoned RM6, ideal for multi-family development.

    View details

    Off-Market Properties in Cape Canaveral, FL

    Consider similar Off-Market properties in Cape Canaveral, FL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    276 Polk Ave
    APARTMENT HOUSE (5+ UNITS)

    276 Polk Ave, Cape Canaveral, FL 32920-4952

    $2,710,000
    Estimated value
    12,008 sqft 0.25 AC lot
    View details
    404 Harrison Ave, Unit 9
    APARTMENT HOUSE (5+ UNITS)

    404 Harrison Ave, Cape Canaveral, FL 32920-2350

    Unit 9
    $7,275,000
    Estimated value
    7,161 sqft 0.29 AC lot
    View details
    115 Fillmore Ave
    APARTMENT HOUSE (5+ UNITS)

    115 Fillmore Ave, Cape Canaveral, FL 32920-4937

    $1,415,000
    Estimated value
    9,240 sqft 0.43 AC lot
    View details
    405 Tyler Ave, Unit 302
    APARTMENT HOUSE (5+ UNITS)

    405 Tyler Ave, Cape Canaveral, FL 32920-2360

    Unit 302
    $1,075,000
    Estimated value
    9,646 sqft 0.36 AC lot
    View details
    6855 Poinsetta Ave
    APARTMENT HOUSE (5+ UNITS)

    6855 Poinsetta Ave, Cape Canaveral, FL 32920-3196

    $940,000
    Estimated value
    8,576 sqft 0.29 AC lot
    View details
    531 Harrison Ave
    APARTMENT HOUSE (5+ UNITS)

    531 Harrison Ave, Cape Canaveral, FL 32920-2352

    $1,185,000
    Estimated value
    9,616 sqft 0.43 AC lot
    View details
    418 Adams Ave
    APARTMENT HOUSE (5+ UNITS)

    418 Adams Ave, Cape Canaveral, FL 32920-2827

    Value Estimation by Request
    3,960 sqft 0.29 AC lot
    View details
    630 Adams Ave
    APARTMENT HOUSE (5+ UNITS)

    630 Adams Ave, Cape Canaveral, FL 32920-2131

    $1,080,000
    Estimated value
    10,910 sqft 0.29 AC lot
    View details
    7725 Poinsetta Ave
    APARTMENT HOUSE (5+ UNITS)

    7725 Poinsetta Ave, Cape Canaveral, FL 32920

    Value Estimation by Request
    3,161 sqft 0.22 AC lot
    View details
    204 Caroline St
    APARTMENT HOUSE (5+ UNITS)

    204 Caroline St, Cape Canaveral, FL 32920-2708

    $1,800,000
    Estimated value
    18,080 sqft 3.82 AC lot
    View details
    208 Pierce Ave, Unit 4
    APARTMENT HOUSE (5+ UNITS)

    208 Pierce Ave, Cape Canaveral, FL 32920-3151

    Unit 4
    $940,000
    Estimated value
    10,280 sqft 0.36 AC lot
    View details
    0000 Adams Ave
    Multifamily properties

    0000 Adams Ave, Cape Canaveral, FL 32920

    Value Estimation by Request
    View details
    Undisclosed
    Multifamily properties

    0 Undisclosed, Cape Canaveral, FL 00000

    Value Estimation by Request
    View details
    201 Pierce Ave
    Multifamily properties

    201 Pierce Ave, Cape Canaveral, FL 32920

    Value Estimation by Request
    View details
    0000 Rosalind Ave
    Multifamily properties

    0000 Rosalind Ave, Cape Canaveral, FL 32920

    Value Estimation by Request
    View details
    7676 Magnolia Ave
    Multifamily properties

    7676 Magnolia Ave, Cape Canaveral, FL 32920

    Value Estimation by Request
    View details
    227 Johnson Ave
    Multifamily properties

    227 Johnson Ave, Cape Canaveral, FL 32920

    Value Estimation by Request
    View details
    611 Washington Ave
    Multifamily properties

    611 Washington Ave, Cape Canaveral, FL 32920

    Value Estimation by Request
    View details
    505 Fillmore Ave
    APARTMENT HOUSE (5+ UNITS)

    505 Fillmore Ave, Cape Canaveral, FL 32920-3130

    $1,490,000
    Estimated value
    13,568 sqft 0.58 AC lot
    View details

    Cape Canaveral, FL Apartment Buildings Market Trends and Statistics

    Explore 24 apartment buildings for sale in Cape Canaveral, FL, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 29,789 square feet of properties for sale, with an estimated market value of $12,200,000.

    Sale prices for two-family homes in Cape Canaveral, FL start at $1,050,000, averaging $3,050,000, and reaching up to $5,400,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 9,964
    Population Growth (5Y) -2.1%
    Median Household Income $70,734
    College Educated 52.2%

    High-Yield Neighborhoods for Investment

    Identify Cape Canaveral submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    32920 $2.3M

    Taxes & Financing

    Tax Rate (average for all types) 1.04%
    Property Tax per SF $20.73 per SF
    Tax Rate vs County Average 0.42 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Brevard County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Brevard County

    Office

    Property Size Breakdown

    The majority of commercial real estate listings in Cape Canaveral fall within the 25,000 to 50,000 square foot range.

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