4-Unit Condominium
For Sale
$900,000
101-238 Chandler St, Cape Canaveral, FL 32920
Four individually parceled residences offer updated interiors and a short-term rental option with a 30-day minimum stay.
Property Size4,440 SF
Price / SF$202.70
Days on Market15
Property Features for 101-238 Chandler St
General Information
Standard status
Active
Size
4,440 SF
Property subtype
Residential Income
Units
Unit Mix
4 x 2BR/2BA
Multifamily Units
4
Additional Details
HOA Fee
$300
Taxes and HOA fees
Annual Taxes
$1,736
Listing Agency:
FLORIDA REALTY INVESTMENTS
(407) 207-2220
Listed By:
Tito Urbano Perez · License #3470017
(407) 907-0350
Source:
Exprealty
Added: Oct 22
Changed: Nov 5
Last Checked: Nov 4 at 6:10PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of FLORIDA REALTY INVESTMENTS
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Cape Canaveral portfolio comprises four 2-bedroom, 2-bathroom condominiums in a 7-unit community. Each residence measures 1,110 square feet, for 4,440 square feet across the portfolio. The units are 101, 102, 202, and 203, and each has received updates to its kitchen, bathroom, windows, sliding glass doors, A/C system, and water heater. Units 102 and 202 also include further interior improvements.
The condos are located minutes from Cocoa Beach and Port Canaveral. Each is separately parceled and may be acquired or sold on an individual basis. Short-term rentals are permitted with a 30-day minimum stay; tenants are responsible for their own utilities.
The condos are located minutes from Cocoa Beach and Port Canaveral. Each is separately parceled and may be acquired or sold on an individual basis. Short-term rentals are permitted with a 30-day minimum stay; tenants are responsible for their own utilities.
Key Highlights
- Four 2‑bedroom, 2‑bathroom condos totaling 4,440 square feet
- Each residence measures 1,110 square feet
- Located in a 7‑unit community; portfolio includes Units 101, 102, 202, and 203
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,451
Cap Rate
5.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$909,020
$909.0K
Cap Rate 7%
$649,300
$649.3K
Cap Rate 9%
$505,011
$505.0K
Market Conditions
NOI Build-Up for 4,440 SF
Gross rent
$87.9K $19.80/SF
− Vacancy
−$5.3K −$1.19/SF
EGI
$82.6K $18.61/SF
− OpEx
−$37.2K −$8.38/SF
NOI
$45.5K $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 Rate 5%
$909,020
Cap Rate 7%
$649,300
Cap Rate 9%
$505,011
Alternative Uses
Best Use
Apartment 5plus
$649.3K
$568.1K – $757.5K
NOI $45,451 @ 7.0% cap · market cap 5.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.17M
$1.02M – $1.37M
NOI $81,998 @ 7.0% cap · market cap 9.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
610
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
Frequently Asked Questions
What type of property is this?
Multifamily property - Four individually parceled residences offer updated interiors and a short-term rental option with a 30-day minimum stay.
Where is this multifamily property located?
The property is located at 101-238 Chandler St Cape Canaveral, FL.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Four 2‑bedroom, 2‑bathroom condos totaling 4,440 square feet; Each residence measures 1,110 square feet; Located in a 7‑unit community; portfolio includes Units 101, 102, 202, and 203
