Duplex Near The
For Sale
$649,900
212 Monroe Avenue, Cape Canaveral, FL 32920
Residential Income, Cape Canaveral, FL
Property Size2,240 SF
Lot Size0.14 Acres
Price / SF$290.13
Days on Market132
Property Features for 212 Monroe Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Rooms
Bedroom 3, Bedroom 4, Bedroom 2, Bedroom 1
Parking features
Assigned
Fencing
Fenced
Appliances
Dishwasher, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
Subdivision
Avon By The Sea
Elementary school
Cape View
Middle school
Cocoa Beach
High school
Cocoa Beach
Directions
Head N on A1A/ N Atlantic Ave. then turn right onto Harrison Ave. Take a left onto Poinsetta Ave. then right into Monroe Ave. Duplex is on the left.
Standard status
Active
APN
24-37-23-Cg-00020.0-0012.00
Size
2,240 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
AVON BY THE SEA LOT 12 BLK 20
Tax Annual Amount
5097
Legal Description
AVON BY THE SEA LOT 12 BLK 20
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1986
Floors in Building
1
Number of units
2
Flooring type
Tile, Laminate
Building materials
Block, Concrete, Stucco
Roof type
Shingle
Listing Agency:
Vincent Keenan, REALTORS
(321) 784-6286
Listed By:
Vincent Keenan · License #359856
(321) 693-0187
Added: Apr 29
Changed: Sep 2
Last Checked: Sep 7 at 9:06AM
MLS# 1075929
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 2,240-square-foot duplex was built in 1986 and features an open interior arrangement with tile and laminate flooring. The kitchens include stainless GE appliances, tiled countertops, wood cabinetry, breakfast bars, and adjacent utility rooms. Central electric heating and cooling serve the property, which is constructed with block, concrete, and stucco materials beneath a shingle roof.
Outdoor features include a paver patio, privacy fencing, Florida-friendly landscaping, and assigned parking. Public water and public sewer are in place, with cable availability. The property is located a couple of blocks from the beach and offers access to Port Canaveral, Patrick AFB, Kennedy Space Center, shopping, restaurants, and nearby Cocoa Beach amenities.
Outdoor features include a paver patio, privacy fencing, Florida-friendly landscaping, and assigned parking. Public water and public sewer are in place, with cable availability. The property is located a couple of blocks from the beach and offers access to Port Canaveral, Patrick AFB, Kennedy Space Center, shopping, restaurants, and nearby Cocoa Beach amenities.
Key Highlights
- 2,240‑square‑foot duplex on a 0.14‑acre lot
- Built in 1986 with block, concrete, and stucco construction
- Kitchens include stainless GE appliances, tiled counters, wood cabinets, and breakfast bars
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
$25,510
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
3.93%
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%
$510,200
$510.2K
Cap Rate 7%
$364,429
$364.4K
Cap Rate 9%
$283,444
$283.4K
Market Conditions
NOI Build-Up for 2,240 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
$39.0K $17.40/SF
− Vacancy
−$2.5K −$1.13/SF
EGI
$36.4K $16.27/SF
− OpEx
−$10.9K −$4.88/SF
NOI
$25.5K $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%
$510,200
Cap Rate 7%
$364,429
Cap Rate 9%
$283,444
Alternative Uses
Best Use
Multifamily LT 5
$364.4K
$318.9K – $425.2K
NOI $25,510 @ 7.0% cap · market cap 3.93%
Second Best
Apartment 5plus
$327.6K
$286.6K – $382.2K
NOI $22,930 @ 7.0% cap · market cap 3.53%
Theoretical Best
Office A
$591.0K
$517.1K – $689.5K
NOI $41,368 @ 7.0% cap · market cap 6.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
737
Businesses Nearby
Explore this area
Business Placement
Demographics for 32920, FL
9,984
Population
8,872
Households
1.1
Avg Household Size
58
Median Age
39%
College-Educated
96%
High-School Grad
24.8 sq mi
ZIP Area
403
Density / Sq Mi
$70,734
Median Household Income
$41,264
Median Earnings
$1,161
Median Rent
$323,900
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-unit property with updated kitchen finishes, private outdoor space, assigned parking, and public water and sewer.
Where is this duplex located?
The property is located at 212 Monroe Avenue Cape Canaveral, FL.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: 2,240‑square‑foot duplex on a 0.14‑acre lot; Built in 1986 with block, concrete, and stucco construction; Kitchens include stainless GE appliances, tiled counters, wood cabinets, and breakfast bars
