12-Unit Apartment
404 HARRISON Avenue Cape Canaveral, FL 32920
404 HARRISON Avenue, Cape Canaveral, FL, 32920
$2,200,000
For Sale
$2,200,000
MULTI_FAMILY - CAPE CANAVERAL, FL
Property Size8,143 SF
Lot Size0.29 Acres
Price / SF$270.17
Days on Market529
Property Features for 404 HARRISON Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R2
- Bedrooms
- 2
- Bathrooms
- 1
- Rooms
- Bathroom 1, Bedroom 2, Bedroom 1
- Interior features
- Ceiling Fans(s)
- Standard status
- Active
- APN
- 24 3723-CG-34-12
- Size
- 8,143 SF
- Lot size
- 0.29 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- AVON BY THE SEA LOTS 12,13 BLK 34
- Tax Annual Amount
- 19816
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1964
- Number of units
- 12
- Building materials
- Concrete
- Roof type
- Membrane
Listing agency
FLORIDA REALTY INVESTMENTS
(407) 207-2220
Listed by
Tito Urbano Perez · License #3470017
(407) 907-0350
Added: Feb 7, 2025 Updated: Jul 20 at 8:51PM Checked: Jul 21 at 10:06AM
MLS# TB8347938
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.
Harrison Apartments is a 12-unit multifamily property offering spacious 2-bedroom, 1-bath layouts. Each unit includes central air conditioning. The building is configured as residential income housing with straightforward utility responsibilities, with tenants covering their own electricity while the owner is responsible for water.
The property is located in Cape Canaveral, about two blocks from the ocean, and is adjacent to Sandpiper Park. It is also conveniently close to Port Canaveral.
Zoned R2, the property includes a stated lot size of 0.29 acres and a total property size of 8,143 square feet.
The property is located in Cape Canaveral, about two blocks from the ocean, and is adjacent to Sandpiper Park. It is also conveniently close to Port Canaveral.
Zoned R2, the property includes a stated lot size of 0.29 acres and a total property size of 8,143 square feet.
Key Highlights
- 12‑unit multifamily property in Cape Canaveral, located two blocks from the ocean
- Each unit is a 2‑bedroom, 1‑bath layout with ceiling fans
- Central heating and central air conditioning in each unit
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $161.2k | $19.80 |
| − Vacancy | −$9.7k | −$1.19 |
| EGI | $151.6k | $18.61 |
| − OpEx | −$68.2k | −$8.38 |
| NOI | $83.4k | $10.24 |
8,143 SF · lease $19.80/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.19M
$1.04M – $1.39M
NOI $83,357 @ 7.0% cap · market cap 3.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.15M
$1.88M – $2.51M
NOI $150,385 @ 7.0% cap · market cap 6.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Well-located 12-unit apartment property with 2-bedroom, 1-bath units featuring central air; tenants pay electricity.
Where is this apartment building located?
The property is located at 404 HARRISON Avenue Cape Canaveral, FL.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 12‑unit multifamily property in Cape Canaveral, located two blocks from the ocean; Each unit is a 2‑bedroom, 1‑bath layout with ceiling fans; Central heating and central air conditioning in each unit
