Concrete-Block
New
For Sale
$479,000
106 MARSH Street, Sebastian, FL 32958
Residential Income, Sebastian, FL
Property Size2,378 SF
Lot Size0.23 Acres
Price / SF$201.43
Days on Market6
Property Features for 106 MARSH Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RM-8
Bedrooms
6
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 2, Bedroom 6, Bedroom 3, Bathroom 3, Bedroom 5, Bedroom 2, Bedroom 4, Bedroom 1, Bathroom 4
Window features
Storm Window(s)
Patio and Porch features
Porch
Pets allowed
Yes
Exterior features
Storage
Subdivision
SEBASTIAN HIGHLANDS UNIT 17
Lot features
Interior Lot
Elementary school
Pelican Island
Middle school
Storm Grove
High school
Sebastian River
Directions
North on US-1 left on Schuman, Left on Empress, Right on Marsh, property on the left.
Standard status
Active
APN
31391900001600000007
Size
2,378 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SEBASTIAN HIGHLANDS UNIT 17 BLK 600 LOT 7 PBI 8-46 TO 46P
Tax Annual Amount
6949
Legal Description
SEBASTIAN HIGHLANDS UNIT 17 BLK 600 LOT 7 PBI 8-46 TO 46P
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Ceiling Fan(s), Central Air
Water source
Public
Building Details
Year built
2003
Floors in Building
1
Number of units
2
Flooring type
Tile
Building materials
Block, Concrete, Concrete Block - With Stucco, Stucco
Roof type
Aluminum
Additional Structures
Storage
Listing Agency:
LoKation
(954) 545-5583
Listed By:
Jonathan F Starratt · License #3282162
(321) 446-5406
Added: Oct 9
Changed: Oct 13
Last Checked: Oct 14 at 12:06AM
MLS# B26087696
Copyright © 2026 BeachesMLS. 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 2003 duplex contains two residences, each with three bedrooms and two bathrooms and approximately 1,150 square feet. The concrete-block building totals 2,378 square feet on a 0.23-acre lot and is zoned RM-8. Features include PGT impact-resistant windows and doors, central heating and air conditioning, tile flooring, and porches. One unit has an updated kitchen; the exterior has been freshly painted.
Each residence has separate utilities, and the property has no HOA. Public water and sewer serve the site.
Each residence has separate utilities, and the property has no HOA. Public water and sewer serve the site.
Key Highlights
- Two units, each with 3 bedrooms and 2 bathrooms
- 2,378‑square‑foot building on a 0.23‑acre lot
- Approximately 1,150 square feet per unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,458
Cap Rate
5.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$549,160
$549.2K
Cap Rate 7%
$392,257
$392.3K
Cap Rate 9%
$305,089
$305.1K
Market Conditions
NOI Build-Up for 2,378 SF
Gross rent
$41.4K $17.40/SF
− Vacancy
−$2.2K −$0.90/SF
EGI
$39.2K $16.50/SF
− OpEx
−$11.8K −$4.95/SF
NOI
$27.5K $11.55/SF
Area
Indian River County, FL
Vacancy
5.20%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$549,160
Cap Rate 7%
$392,257
Cap Rate 9%
$305,089
Alternative Uses
Best Use
Multifamily LT 5
$392.3K
$343.2K – $457.6K
NOI $27,458 @ 7.0% cap · market cap 5.73%
Second Best
Apartment 5plus
$362.1K
$316.8K – $422.5K
NOI $25,347 @ 7.0% cap · market cap 5.29%
Theoretical Best
Specialty Retail
$521.5K
$456.3K – $608.4K
NOI $36,505 @ 7.0% cap · market cap 7.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
96
Businesses Nearby
Explore this area
Business Placement
Demographics for 32958, FL
28,619
Population
15,512
Households
1.8
Avg Household Size
58
Median Age
29%
College-Educated
92%
High-School Grad
27.9 sq mi
ZIP Area
1,026
Density / Sq Mi
$68,276
Median Household Income
$37,412
Median Earnings
$1,388
Median Rent
$279,100
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?
Duplex - Two three-bedroom residences have separate utilities and no HOA.
Where is this duplex located?
The property is located at 106 MARSH Street Sebastian, FL.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 2 bathrooms; 2,378‑square‑foot building on a 0.23‑acre lot; Approximately 1,150 square feet per unit
