Duplex with Adjacent Buildable
For Sale
$248,000
1417 Wilson Road, Cocoa, FL 32922
MULTI_FAMILY - Cocoa, FL
Property Size1,644 SF
Lot Size0.18 Acres
Price / SF$150.85
Days on Market129
Property Features for 1417 Wilson Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Bedroom 4, Bedroom 1, Bedroom 2, Bathroom 1
Parking
4
Parking features
Assigned, Off Street
Appliances
Electric Range, Refrigerator
Subdivision
Westland Heights Amended Plat of
Lot features
Dead End Street
Elementary school
Endeavour
High school
Cocoa
Directions
On Wilson Road the home is on the south side of the road.
Standard status
Active
APN
24-36-29-51-00001.A-0018.00
Size
1,644 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
WESTLAND HEIGHTS, AMENDED PLAT OF LOT 18 & W 1/2 OF 17 BLK 1A
Tax Annual Amount
2616
Legal Description
WESTLAND HEIGHTS, AMENDED PLAT OF LOT 18 & W 1/2 OF 17 BLK 1A
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Water source
Public
Building Details
Year built
1958
Number of units
2
Flooring type
Laminate, Carpet
Building materials
Concrete, Frame
Listing Agency:
Lokation Real Estate
(954) 545-5583
Listed By:
Robert Klingensmith
(321) 408-2033
Added: Mar 31
Changed: Jul 16
Last Checked: Aug 6 at 1:06PM
MLS# 1073355
Copyright © 2026 Space Coast Association of Realtors. 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 duplex includes two separate 2-bedroom, 1-bath units. The front unit features a screened-in porch. The rear unit has a private entry with a white vinyl fence. In addition to the duplex parcel, the sale includes an adjacent lot totaling 0.30 acres combined, with the main parcel at 1417 Wilson Rd at 0.18 acres and the buildable adjacent lot at 0.12 acres (BCPAO #2422092), measuring 50' x 105'. A 379 sq ft workshop is also included.
The property is tucked away on a quiet dead-end street in Cocoa, FL. Access is described as convenient to SR-520, I-95, and US-1, and public transportation is noted as nearby, with shopping and dining also within easy reach.
The layout supports an owner-occupant scenario with the ability to live in one unit while renting the other. With two independent residences and an additional buildable lot and workshop on-site, the configuration can also appeal to buyers seeking a straightforward duplex with extra on-property utility.
The property is tucked away on a quiet dead-end street in Cocoa, FL. Access is described as convenient to SR-520, I-95, and US-1, and public transportation is noted as nearby, with shopping and dining also within easy reach.
The layout supports an owner-occupant scenario with the ability to live in one unit while renting the other. With two independent residences and an additional buildable lot and workshop on-site, the configuration can also appeal to buyers seeking a straightforward duplex with extra on-property utility.
Key Highlights
- Duplex built in 1958 with 2BR/1BA front unit and 2BR/1BA rear unit (4 bedrooms and 2 bathrooms total)
- Includes adjacent lot totaling 0.30 acres: main parcel at 1417 Wilson Rd (.18 acres) plus 0.12‑acre buildable lot (50' x 105', BCPAO #2422092)
- Additional 379 sq ft workshop on the property
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,722
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.55%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$374,440
$374.4K
Cap Rate 7%
$267,457
$267.5K
Cap Rate 9%
$208,022
$208.0K
Market Conditions
NOI Build-Up for 1,644 SF
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.
Gross rent
$28.6K $17.40/SF
− Vacancy
−$1.9K −$1.13/SF
EGI
$26.7K $16.27/SF
− OpEx
−$8.0K −$4.88/SF
NOI
$18.7K $11.39/SF
Area
Brevard County, FL
Vacancy
6.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$374,440
Cap Rate 7%
$267,457
Cap Rate 9%
$208,022
Alternative Uses
Best Use
Multifamily LT 5
$267.5K
$234.0K – $312.0K
NOI $18,722 @ 7.0% cap · market cap 7.55%
Second Best
Apartment 5plus
$240.4K
$210.4K – $280.5K
NOI $16,829 @ 7.0% cap · market cap 6.79%
Theoretical Best
Office A
$433.7K
$379.5K – $506.0K
NOI $30,361 @ 7.0% cap · market cap 12.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
478
Businesses Nearby
Explore this area
Business Placement
Demographics for 32922, FL
15,923
Population
8,667
Households
1.8
Avg Household Size
40
Median Age
19%
College-Educated
89%
High-School Grad
5.4 sq mi
ZIP Area
2,949
Density / Sq Mi
$46,138
Median Household Income
$35,125
Median Earnings
$1,057
Median Rent
$176,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two 2-bedroom, 1-bath units plus an adjacent buildable lot and workshop offer flexible income or owner-occupant living.
Where is this duplex located?
The property is located at 1417 Wilson Road Cocoa, FL.
What is the asking price?
The asking price for this property is $248,000.
What are key features of this property?
This property features: Duplex built in 1958 with 2BR/1BA front unit and 2BR/1BA rear unit (4 bedrooms and 2 bathrooms total); Includes adjacent lot totaling 0.30 acres: main parcel at 1417 Wilson Rd (.18 acres) plus 0.12‑acre buildable lot (50' x 105', BCPAO #2422092); Additional 379 sq ft workshop on the property
