Renovated Historic
21 Main Street TITUSVILLE, Titusville, FL 32796
New
Two-building, historic quadplex with fully remodeled upstairs apartments and month-to-month tenants, offered with multiple modern building systems.
Property size:
13,860 SFPrice / SF:
$216/SF- Added:
- Jul 7, 2026
- Days on Market:
- 2
- Last Refresh:
- Jul 8 at 2:51 am
Property Features for 21 Main Street TITUSVILLE
General Information
- Standard status
- Active
- Size
- 13,860 SF
Building Details
- Year Built
- 1924
Listing office (407) 890-1354
Listing date Jul 7, 2026
Source Therealestatecollection
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 Anna Hunter
HighLights
- Historic 2‑building site in Titusville built in 1924 with asphalt city street frontage.
- Renovated throughout: lighting, electrical, roof, flooring, and interior/exterior painting, plus brick painted and sealed.
- Windows replaced in 2020; building has been tented for termites.
- 6 AC units (air conditioning Y/N: true) and block foundation.
- Two apartments per building fully remodeled upstairs; month‑to‑month tenants in place.
- 21 Main Street: 13,776 SF total (9,816 SF 1st floor + 3,960 SF 2nd floor); 25 Main Street: 2,694 SF.
Overview
This renovated, over-100-year-old residential income property is presented as a two-building site designed with four upstairs apartments. Each building provides two apartments and has been renovated throughout, including updated lighting and electrical, roof work, new flooring, and interior and exterior painting. Mechanical and envelope improvements include six AC units, replaced windows in 2020, and brick that has been painted and sealed. The property has also been tented for termites, and both buildings are handicap accessible from the back.
The offering includes 21 Main Street with 1st floor space and 2nd floor space totaling 13,776 SF, along with 25 Main Street totaling 2,694 SF. The buildings are located in the heart of Titusville, Florida, and each unit is positioned as a fully remodeled upstairs apartment.
For buyers seeking a residential income asset, this configuration can appeal to an owner-operator or investor who wants turnkey interiors and an income stream supported by month-to-month tenants already in place. The back-access handicap accessibility and the list of recent building upgrades may reduce near-term capital concerns while providing a practical layout for continued rental operations.
The offering includes 21 Main Street with 1st floor space and 2nd floor space totaling 13,776 SF, along with 25 Main Street totaling 2,694 SF. The buildings are located in the heart of Titusville, Florida, and each unit is positioned as a fully remodeled upstairs apartment.
For buyers seeking a residential income asset, this configuration can appeal to an owner-operator or investor who wants turnkey interiors and an income stream supported by month-to-month tenants already in place. The back-access handicap accessibility and the list of recent building upgrades may reduce near-term capital concerns while providing a practical layout for continued rental operations.
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 | $241.2k | $17.40 |
| − Vacancy | −$15.7k | −$1.13 |
| EGI | $225.5k | $16.27 |
| − OpEx | −$67.6k | −$4.88 |
| NOI | $157.8k | $11.39 |
13,860 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$2.25M
$1.97M – $2.63M
NOI $157,842 @ 7.0% cap · market cap 5.26%
Second Best
Apartment 5plus
$2.03M
$1.77M – $2.36M
NOI $141,879 @ 7.0% cap · market cap 4.73%
Theoretical Best
Office A
$3.66M
$3.20M – $4.27M
NOI $255,966 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Badcock Home Furniture ...
Home Decor Store
Location Insight
- Map
- Local Demand
- City
- Titusville
- County
- Brevard
- State
- Florida
- Longitude
- -80.806723
- Latitude
- 28.6123533
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Two-building, historic quadplex with fully remodeled upstairs apartments and month-to-month tenants, offered with multiple modern building systems.
Where is this quadplex located?
The property is located at 21 Main Street TITUSVILLE Titusville, FL.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Historic 2‑building site in Titusville built in 1924 with asphalt city street frontage.; Renovated throughout: lighting, electrical, roof, flooring, and interior/exterior painting, plus brick painted and sealed.; Windows replaced in 2020; building has been tented for termites.
