10-Unit Apartment
For Sale
$1,299,900
2755 BARNA Avenue, Titusville, FL 32780
Residential Income, TITUSVILLE, FL
Property Size10,308 SF
Lot Size0.53 Acres
Price / SF$126.11
Days on Market19
Property Features for 2755 BARNA Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
R3
Bedrooms
19
Bathrooms
11
Full bathrooms
11
Rooms
Bedroom 5, Bedroom 6, Bedroom 16, Bedroom 11, Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 2, Bathroom 9, Bedroom 13, Bedroom 4, Bathroom 6, Bathroom 11, Bathroom 8, Bathroom 3, Bedroom 12, Bathroom 7, Bedroom 18, Bathroom 4, Bedroom 19, Bathroom 2, Bedroom 8, Bedroom 15, Bedroom 17, Bedroom 9, Bathroom 10, Bedroom 10, Bedroom 14, Bathroom 5, Bedroom 7
Subdivision
PART OF NW 1/4 OF NE 1/4 LYING E OF BARNA AVE AS
Directions
US#1 to west on Harrison St. At intersection of Barna Ave and Harrison, turn left onto Barna Ave. Units will be on your left side just behind the plaza
Standard status
Active
APN
22 3516-00-39
Size
10,308 SF
Lot size
0.53 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PART OF NW 1/4 OF NE 1/4 LYING E OF BARNA AVE AS DES IN ORB 2449 PG 2900 EXC ORB 3078 PG 2327 & S 75 FT
Tax Annual Amount
1526
Legal Description
PART OF NW 1/4 OF NE 1/4 LYING E OF BARNA AVE AS DES IN ORB 2449 PG 2900 EXC ORB 3078 PG 2327 & S 75 FT
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1986
Number of units
10
Building materials
Frame
Roof type
Shingle
Listing Agency:
MUTTER REALTY · Real Living
(321) 269-9855
Listed By:
James Mutter · License #BK3218212
(321) 269-9855
Added: Aug 12
Changed: Aug 24
Last Checked: Aug 30 at 11:06PM
MLS# O6433043
Copyright © 2026 Stellar MLS. 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 10-unit apartment property contains 10,308 square feet on a 0.53-acre site. The unit mix includes four 3-bedroom residences and six 2-bedroom residences, with single-level layouts distributed among ground-level and upstairs units. Open parking serves residents and guests.
Built in 1986, the frame construction includes shingle roofing, central air conditioning, and central electric heating. Public water and public sewer serve the property, and the R3 zoning designation supports its apartment use. The property is located in Titusville near shopping and everyday conveniences.
Built in 1986, the frame construction includes shingle roofing, central air conditioning, and central electric heating. Public water and public sewer serve the property, and the R3 zoning designation supports its apartment use. The property is located in Titusville near shopping and everyday conveniences.
Key Highlights
- 10,308 square feet on a 0.53‑acre site
- Unit mix includes four 3‑bedroom and six 2‑bedroom residences
- Single‑level units include both ground‑level and upstairs layouts
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
$105,519
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
8.12%
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%
$2,110,380
$2.1M
Cap Rate 7%
$1,507,414
$1.5M
Cap Rate 9%
$1,172,433
$1.2M
Market Conditions
NOI Build-Up for 10,308 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
$204.1K $19.80/SF
− Vacancy
−$12.2K −$1.19/SF
EGI
$191.9K $18.61/SF
− OpEx
−$86.3K −$8.38/SF
NOI
$105.5K $10.24/SF
Area
Brevard County, FL
Vacancy
6.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
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%
$2,110,380
Cap Rate 7%
$1,507,414
Cap Rate 9%
$1,172,433
Alternative Uses
Best Use
Apartment 5plus
$1.51M
$1.32M – $1.76M
NOI $105,519 @ 7.0% cap · market cap 8.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.72M
$2.38M – $3.17M
NOI $190,368 @ 7.0% cap · market cap 14.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
280
Businesses Nearby
Explore this area
Business Placement
Demographics for 32780, FL
39,525
Population
19,984
Households
2
Avg Household Size
48
Median Age
27%
College-Educated
92%
High-School Grad
68.1 sq mi
ZIP Area
580
Density / Sq Mi
$64,670
Median Household Income
$39,882
Median Earnings
$1,258
Median Rent
$250,800
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?
Apartment building - R3-zoned apartment property with a mix of ground-level and upstairs residences.
Where is this apartment building located?
The property is located at 2755 BARNA Avenue Titusville, FL.
What is the asking price?
The asking price for this property is $1,299,900.
What are key features of this property?
This property features: 10,308 square feet on a 0.53‑acre site; Unit mix includes four 3‑bedroom and six 2‑bedroom residences; Single‑level units include both ground‑level and upstairs layouts
