Two-Unit Duplex with
For Sale
Under Contract
$248,000
1417 Wilson Road, Cocoa, FL 32922
Residential Income, Cocoa, FL
Property Size1,644 SF
Lot Size0.18 Acres
Price / SF$150.85
Days on Market159
Property Features for 1417 Wilson Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 4, Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 3
Parking
4
Parking features
Off Street, Assigned
Appliances
Electric Range, Refrigerator
Subdivision
Westland Heights Amended Plat of
Lot features
Dead End Street
Elementary school
Endeavour
High school
Cocoa
Directions
On Wilson Road the home is on the south side of the road.
Standard status
Active Under Contract
APN
24-36-29-51-00001.A-0018.00
Size
1,644 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
WESTLAND HEIGHTS, AMENDED PLAT OF LOT 18 & W 1/2 OF 17 BLK 1A
Tax Annual Amount
2616
Legal Description
WESTLAND HEIGHTS, AMENDED PLAT OF LOT 18 & W 1/2 OF 17 BLK 1A
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Water source
Public
Amenities
screened-in porch
private white vinyl fenced entry
Building Details
Year built
1958
Number of units
2
Flooring type
Carpet, Laminate
Building materials
Concrete, Frame
Listing Agency:
Lokation Real Estate
(954) 545-5583
Listed By:
Robert Klingensmith
(321) 408-2033
Added: Mar 31
Changed: Sep 2
Last Checked: Sep 5 at 11:06AM
MLS# 1073355
Copyright © 2026 Space Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1958 duplex contains 1,644 square feet across two residences, each configured with 2 bedrooms and 1 bathroom. The front unit includes a screened-in porch, while the rear unit has a private white vinyl-fenced entry. A 379-square-foot workshop adds dedicated utility space. Construction combines concrete and frame materials, with carpet and laminate flooring. Electric range and refrigerator appliances are included.
The property consists of the 0.18-acre main parcel at 1417 Wilson Road plus an adjacent 0.12-acre lot, for 0.30 acres combined. The Cocoa location provides access to SR-520, I-95, and US-1, with public transportation, shopping, and dining nearby. Public water and septic service serve the property, and parking includes assigned and off-street spaces.
The property consists of the 0.18-acre main parcel at 1417 Wilson Road plus an adjacent 0.12-acre lot, for 0.30 acres combined. The Cocoa location provides access to SR-520, I-95, and US-1, with public transportation, shopping, and dining nearby. Public water and septic service serve the property, and parking includes assigned and off-street spaces.
Key Highlights
- Duplex totals 1,644 square feet with two 2‑bedroom, 1‑bathroom residences
- Combined 0.30 acres: 0.18‑acre main parcel plus adjacent 0.12‑acre lot
- Adjacent lot measures 50' x 105' and is identified as BCPAO #2422092
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,722
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.55%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$374,440
$374.4K
Cap Rate 7%
$267,457
$267.5K
Cap Rate 9%
$208,022
$208.0K
Market Conditions
NOI Build-Up for 1,644 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$28.6K $17.40/SF
− Vacancy
−$1.9K −$1.13/SF
EGI
$26.7K $16.27/SF
− OpEx
−$8.0K −$4.88/SF
NOI
$18.7K $11.39/SF
Area
Brevard County, FL
Vacancy
6.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$374,440
Cap Rate 7%
$267,457
Cap Rate 9%
$208,022
Alternative Uses
Best Use
Multifamily LT 5
$267.5K
$234.0K – $312.0K
NOI $18,722 @ 7.0% cap · market cap 7.55%
Second Best
Apartment 5plus
$240.4K
$210.4K – $280.5K
NOI $16,829 @ 7.0% cap · market cap 6.79%
Theoretical Best
Office A
$433.7K
$379.5K – $506.0K
NOI $30,361 @ 7.0% cap · market cap 12.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
453
Businesses Nearby
Explore this area
Business Placement
Demographics for 32922, FL
15,923
Population
8,667
Households
1.8
Avg Household Size
40
Median Age
19%
College-Educated
89%
High-School Grad
5.4 sq mi
ZIP Area
2,949
Density / Sq Mi
$46,138
Median Household Income
$35,125
Median Earnings
$1,057
Median Rent
$176,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer screened outdoor space, private entry, and assigned off-street parking near major transportation routes.
Where is this duplex located?
The property is located at 1417 Wilson Road Cocoa, FL.
What is the asking price?
The asking price for this property is $248,000.
What are key features of this property?
This property features: Duplex totals 1,644 square feet with two 2‑bedroom, 1‑bathroom residences; Combined 0.30 acres: 0.18‑acre main parcel plus adjacent 0.12‑acre lot; Adjacent lot measures 50' x 105' and is identified as BCPAO #2422092
