Three Adjoining Duplex
106 Barton Avenue Rockledge, FL 32955
106 Barton Avenue, Rockledge, FL, 32955
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For Sale
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Three adjacent duplex properties offer a mix of 1- and 2-bedroom, 1-bath units with long-term rental history.
Property Size5,000 SF
Price / SF$159.80
Days on Market70
Property Features for 106 Barton Avenue
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1950
Listing agency
Kovac Real Estate
(321) 544-2511
Listed by
Joe Kovac · License #3253209
Source
Crexi
Added: May 13 Updated: Jul 21 at 7:32AM Checked: Jul 21 at 7:32AM
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 Kovac Real Estate
Investment Insights
Based on property information with market context.
This package sale includes three adjoining duplex properties, offered together as one purchase: 106, 108, and 110 Barton Ave. Each duplex contains a mix of 2-bedroom, 1-bath units and 1-bedroom, 1-bath units. The units have remained consistently rented for the past 10 years with low tenant turnover.
The properties are located in central Rockledge near shopping, major roadways, and transportation routes. Ample parking is available, and the Indian River is within walking distance.
Each duplex lot is separately platted, which may provide added financing flexibility. All three properties are being sold together only and will not be sold separately.
The properties are located in central Rockledge near shopping, major roadways, and transportation routes. Ample parking is available, and the Indian River is within walking distance.
Each duplex lot is separately platted, which may provide added financing flexibility. All three properties are being sold together only and will not be sold separately.
Key Highlights
- Three adjoining duplex properties sold together only: 106, 108 & 110 Barton Ave in central Rockledge
- Annual gross rents combined are $75,040.00 with consistent occupancy and rental history for the past 10 years
- Duplex unit mix includes 2‑bedroom, 1‑bath and 1‑bedroom, 1‑bath units across the three properties
Local Financial Insights For Multifamily LT 5
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 | $87.0k | $17.40 |
| − Vacancy | −$5.7k | −$1.13 |
| EGI | $81.3k | $16.27 |
| − OpEx | −$24.4k | −$4.88 |
| NOI | $56.9k | $11.39 |
5,000 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$813.5K
$711.8K – $949.0K
NOI $56,942 @ 7.0% cap · market cap 7.13%
Second Best
Apartment 5plus
$731.2K
$639.8K – $853.1K
NOI $51,183 @ 7.0% cap · market cap 6.41%
Theoretical Best
Office A
$1.32M
$1.15M – $1.54M
NOI $92,340 @ 7.0% cap · market cap 11.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Three adjacent duplex properties offer a mix of 1- and 2-bedroom, 1-bath units with long-term rental history.
Where is this duplex located?
The property is located at 106 Barton Avenue Rockledge, FL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Three adjoining duplex properties sold together only: 106, 108 & 110 Barton Ave in central Rockledge; Annual gross rents combined are $75,040.00 with consistent occupancy and rental history for the past 10 years; Duplex unit mix includes 2‑bedroom, 1‑bath and 1‑bedroom, 1‑bath units across the three properties
