Duplex with
For Sale
$235,000
1417 Wilson Road, Cocoa, FL 32922
Residential Income, Cocoa, FL
Property Size1,644 SF
Lot Size0.18 Acres
Price / SF$142.94
Days on Market186
Property Features for 1417 Wilson Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 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
Amenities
screened-in porch
fenced entry
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: Oct 1
Last Checked: Oct 2 at 4:06AM
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 1,644-square-foot duplex contains two residences, each with two bedrooms and one bathroom. A screened porch serves the front unit, while the rear unit has its own fenced entry. The property also includes a 379-square-foot workshop and electric range and refrigerator appliances. Built in 1958, the building has concrete and frame construction, laminate and carpet flooring, and assigned and off-street parking.
The duplex sits on a 0.18-acre parcel at 1417 Wilson Road in Cocoa. The sale also includes an adjacent 0.12-acre lot measuring 50 feet by 105 feet, bringing the combined land area to 0.30 acres. The property is on a dead-end street.
The duplex sits on a 0.18-acre parcel at 1417 Wilson Road in Cocoa. The sale also includes an adjacent 0.12-acre lot measuring 50 feet by 105 feet, bringing the combined land area to 0.30 acres. The property is on a dead-end street.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- Combined 0.30 acres: a 0.18‑acre parcel plus an adjacent 0.12‑acre lot
- 379‑square‑foot workshop
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
7.97%
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 7.97%
Second Best
Apartment 5plus
$240.4K
$210.4K – $280.5K
NOI $16,829 @ 7.0% cap · market cap 7.16%
Theoretical Best
Office A
$433.7K
$379.5K – $506.0K
NOI $30,361 @ 7.0% cap · market cap 12.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
453
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
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate two-bedroom residences provide a four-bedroom, two-bathroom configuration.
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 $235,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; Combined 0.30 acres: a 0.18‑acre parcel plus an adjacent 0.12‑acre lot; 379‑square‑foot workshop
