3-Unit Multifamily
New
For Sale
$360,000
317 Pineda Street, Cocoa, FL 32922
Residential Income, Cocoa, FL
Property Size2,202 SF
Lot Size0.68 Acres
Price / SF$163.49
Days on Market3
Property Features for 317 Pineda Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 4, Bedroom 6, Bedroom 1, Bedroom 5, Bathroom 2, Bedroom 2, Bathroom 3, Bedroom 3, Bathroom 1
Parking features
Off Street
Appliances
Electric Range, Refrigerator
Subdivision
Pine Breeze Acres Subd
Lot features
Cleared
Elementary school
Endeavour
Middle school
Cocoa
High school
Cocoa
Directions
US-1 to Peachtree St, west on Peachtree, right on Pineda St. Property on right.
Standard status
Active
APN
24-36-29-00-00526.0-0000.00
Size
2,202 SF
Lot size
0.68 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PART OF E 1/2 OF SE 1/4 OF SE 1/4 OF SW 1/4 AS DES IN DB 258 PG 303 EX ORB 915 PG 164,960 PG 189,RD R/W
Tax Annual Amount
4183
Legal Description
PART OF E 1/2 OF SE 1/4 OF SE 1/4 OF SW 1/4 AS DES IN DB 258 PG 303 EX ORB 915 PG 164,960 PG 189,RD R/W
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating)
Cooling system
Electric, Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1930
Floors in Building
1
Number of units
3
Building materials
Frame
Roof type
Metal, Shingle
Listing Agency:
Iron Valley R.E.Space Coast
(321) 305-4242
Listed By:
Cherie L Gottshall · License #3486989
(321) 505-4562
Added: Sep 30
Changed: Oct 1
Last Checked: Oct 2 at 5:06AM
MLS# 1088936
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.
The Cocoa property contains 2,202 square feet across three rental units on 0.68 acres. Improvements include a detached three-bedroom, one-bathroom house and a duplex with one two-bedroom, one-bathroom unit and one one-bedroom, one-bathroom unit. The buildings date to 1930 and have frame construction. Off-street parking is available.
All three units are leased on annual terms. The property has public water and a septic system.
All three units are leased on annual terms. The property has public water and a septic system.
Key Highlights
- Three units: detached 3‑bedroom/1‑bath house and duplex with 2‑bedroom/1‑bath and 1‑bedroom/1‑bath units
- 2,202 square feet of building area on 0.68 acres
- Annual leases across all three units
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
$22,541
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
6.26%
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%
$450,820
$450.8K
Cap Rate 7%
$322,014
$322.0K
Cap Rate 9%
$250,456
$250.5K
Market Conditions
NOI Build-Up for 2,202 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
$43.6K $19.80/SF
− Vacancy
−$2.6K −$1.19/SF
EGI
$41.0K $18.61/SF
− OpEx
−$18.4K −$8.38/SF
NOI
$22.5K $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%
$450,820
Cap Rate 7%
$322,014
Cap Rate 9%
$250,456
Alternative Uses
Best Use
Apartment 5plus
$322.0K
$281.8K – $375.7K
NOI $22,541 @ 7.0% cap · market cap 6.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$581.0K
$508.3K – $677.8K
NOI $40,667 @ 7.0% cap · market cap 11.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
679
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Multifamily property - Three residential rentals are leased annually, with off-street parking and public water service.
Where is this multifamily property located?
The property is located at 317 Pineda Street Cocoa, FL.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Three units: detached 3‑bedroom/1‑bath house and duplex with 2‑bedroom/1‑bath and 1‑bedroom/1‑bath units; 2,202 square feet of building area on 0.68 acres; Annual leases across all three units
