Duplex With Attached
For Sale
$400,000
Pending
11145 Airport Drive, Sebastian, FL 32958
Two separately configured residences offer bedroom suites, attached garages, and air-conditioned living areas.
Property Size2,484 SF
Lot Size0.50 Acres
Days on Market749
Property Features for 11145 Airport Drive
General Information
Standard status
Pending
Size
2,484 SF
Total Parking Spaces
3
Lot size
0.50 Acres
Property subtype
Multi Family
Property Condition
Severity
Repairs Needed
Evidence
DIAMOND IN THE ROUGH
Units
Unit Mix
3BR/2BA, 2BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,886
Building Details
Year Built
1988
Buildings
1
Listing Agency:
Treasure Coast Realty LLC
(772) 388-0200
Listed By:
Erick J Velasquez · License #3381261
(772) 713-6461
Source:
Exitrealty
Added: Oct 2, 2024
Changed: Sep 2
Last Checked: Sep 15 at 5:21AM
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 Treasure Coast Realty LLC
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Investment Insights
Based on property information with market context.
Built in 1988, this duplex contains 2,484 square feet under air on a half-acre parcel. The two residences have distinct layouts: one includes 3 bedrooms, 2 bathrooms, and a 2-car garage, while the other provides 2 bedrooms, 2 bathrooms, and a 1-car garage. An AC unit is also in place.
The property is located at 11145 Airport Drive in Sebastian, Florida. Its paired-unit configuration and attached garage capacity provide a defined physical setup for residential income use, subject to applicable requirements.
The property is located at 11145 Airport Drive in Sebastian, Florida. Its paired-unit configuration and attached garage capacity provide a defined physical setup for residential income use, subject to applicable requirements.
Key Highlights
- 2,484 square feet under air on a half‑acre parcel
- Two‑unit duplex configuration with separate floor plans
- One unit has 3 bedrooms, 2 bathrooms, and a 2‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,682
Cap Rate
7.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$573,640
$573.6K
Cap Rate 7%
$409,743
$409.7K
Cap Rate 9%
$318,689
$318.7K
Market Conditions
NOI Build-Up for 2,484 SF
Gross rent
$43.2K $17.40/SF
− Vacancy
−$2.2K −$0.90/SF
EGI
$41.0K $16.50/SF
− OpEx
−$12.3K −$4.95/SF
NOI
$28.7K $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%
$573,640
Cap Rate 7%
$409,743
Cap Rate 9%
$318,689
Alternative Uses
Best Use
Multifamily LT 5
$409.7K
$358.5K – $478.0K
NOI $28,682 @ 7.0% cap · market cap 7.17%
Second Best
Apartment 5plus
$378.2K
$331.0K – $441.3K
NOI $26,477 @ 7.0% cap · market cap 6.62%
Theoretical Best
Specialty Retail
$544.8K
$476.7K – $635.6K
NOI $38,133 @ 7.0% cap · market cap 9.53%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
92
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separately configured residences offer bedroom suites, attached garages, and air-conditioned living areas.
Where is this duplex located?
The property is located at 11145 Airport Drive Sebastian, FL.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 2,484 square feet under air on a half‑acre parcel; Two‑unit duplex configuration with separate floor plans; One unit has 3 bedrooms, 2 bathrooms, and a 2‑car garage
