Triplex with Potential for Up to
465 Jackson Avenue Cape Canaveral, FL 32920
465 Jackson Avenue, Cape Canaveral, FL, 32920
$650,000
For Sale
$650,000
Existing income configuration offers renovated 1 bedroom and partially renovated 2 bedroom units, with upside for additional units.
Property Size2,110 SF
Price / SF$308.06
Days on Market559
Property Features for 465 Jackson Avenue
General Information
- Standard status
- Active
- Size
- 2,110 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1958
Listing agency
WATSON REALTY CORP
(386) 451-6983
Listed by
Cindy Walker · License #563052
(386) 451-6983
Source
Exitrealty
Added: Jan 8, 2025 Updated: Jul 21 at 6:10AM Checked: Jul 21 at 6:10AM
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 WATSON REALTY CORP
Investment Insights
Based on property information with market context.
This property is positioned as a flexible residential income offering with room for up to four units. The current mix includes one renovated 1/1 and two 2/1 units, with one of the 2/1s partially renovated. The listing also notes options to operate as short-term lodging or to pursue a redevelopment scenario to construct four new townhomes.
Located at 465 Jackson Avenue in Cape Canaveral, the property is described as being one block from the Atlantic Ocean and close to Port Canaveral. A community center is also referenced as being within walking distance.
For buyers looking for an existing income setup, the unit finishes vary across the three currently described units, providing a blend of renovated and partially renovated space within the same property footprint.
Located at 465 Jackson Avenue in Cape Canaveral, the property is described as being one block from the Atlantic Ocean and close to Port Canaveral. A community center is also referenced as being within walking distance.
For buyers looking for an existing income setup, the unit finishes vary across the three currently described units, providing a blend of renovated and partially renovated space within the same property footprint.
Key Highlights
- Year built 1958; income property designed for up to 4 units
- 1 bedroom unit is completely renovated
- Two 2‑bedroom units: one partially renovated
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 | $36.7k | $17.40 |
| − Vacancy | −$2.4k | −$1.13 |
| EGI | $34.3k | $16.27 |
| − OpEx | −$10.3k | −$4.88 |
| NOI | $24.0k | $11.39 |
2,110 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$343.3K
$300.4K – $400.5K
NOI $24,029 @ 7.0% cap · market cap 3.70%
Second Best
Apartment 5plus
$308.6K
$270.0K – $360.0K
NOI $21,599 @ 7.0% cap · market cap 3.32%
Theoretical Best
Office A
$556.7K
$487.1K – $649.5K
NOI $38,967 @ 7.0% cap · market cap 5.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Existing income configuration offers renovated 1 bedroom and partially renovated 2 bedroom units, with upside for additional units.
Where is this triplex located?
The property is located at 465 Jackson Avenue Cape Canaveral, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Year built 1958; income property designed for up to 4 units; 1 bedroom unit is completely renovated; Two 2‑bedroom units: one partially renovated
