95-Unit Apartment
New
For Sale
$11,950,000
1525 S Fiske Blvd, Rockledge, FL 32955
Multifamily property positioned in Rockledge, Florida.
Property SizeContact for details
Days on Market3
Property Features for 1525 S Fiske Blvd
General Information
Standard status
Active
Property subtype
Multifamily
Additional Details
Cap Rate
6.8%
Multifamily Units
95
Amenities
True Value-Add: With a 26% mark-to-market spread in-place rents of $1,339 sit 26% below the $1,688 pro-forma, roughly $398,000 in annualized revenue after units have been renovated
Untapped Utility Recapture: Ownership pays $115,495 in water, sewer, and trash while billing residents nothing; RUBS or a flat monthly fee at 65% recovery adds $75,072 annually and matches what every
Immediate Operational Efficiencies: Payroll runs $2,293 per unit, but with a professionally managed platform it reduces controllable expenses by $123,000
77.6% Potential NOI Growth: Net operating income is projected to grow from $725,275 trailing to $1,288,164 by Year Two through the implementation of the cap-ex program, pushing rents and recapturing utilities
Golf Course Frontage: The western property line abuts the Rockledge Country Club course, giving a material share of units a permanent, protected open-space view no competitor can replicate
Household Income: Average household income within five miles is $98,262, and the asset fronts South Fiske Boulevard at 27,500 vehicles per day
Major Employers: Located Twenty-five minutes for SpaceX, Blue Origin, Airbus OneWeb, Boeing and Lockheed Martin
Location: Brevard County exceeds 616,000 residents and ranks #21 nationally for job growth and #24 for fastest-growing tech sector (Milken Institute, 2025)
Building Details
Units
95
Listing Agency:
Tampa Office
Listed By:
Jason Hague · License #License(s): FL: SL3265708
(813) 387-4754
Source:
Marcusmillichap
Added: Sep 2
Last Checked: Sep 2 at 2:10PM
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 Tampa Office
Investment Insights
Based on property information with market context.
This apartment property comprises 95 residential units within a multifamily community in Rockledge, Florida. The asset is located at 1525 S Fiske Blvd and carries a 32955 ZIP code.
Key Highlights
- 95‑unit multifamily community
- Located in Rockledge, Florida
- 1525 S Fiske Blvd address
Property Analytics
Property Profile
Current Use
Lease Details
95
Residential units
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
Explore this area
Business Placement
Demographics for 32955, FL
40,275
Population
19,281
Households
2.1
Avg Household Size
46
Median Age
38%
College-Educated
94%
High-School Grad
50.9 sq mi
ZIP Area
791
Density / Sq Mi
$85,133
Median Household Income
$43,574
Median Earnings
$1,656
Median Rent
$327,000
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?
Apartment building - Multifamily property positioned in Rockledge, Florida.
Where is this apartment building located?
The property is located at 1525 S Fiske Blvd Rockledge, FL.
What is the asking price?
The asking price for this property is $11,950,000.
What are key features of this property?
This property features: 95‑unit multifamily community; Located in Rockledge, Florida; 1525 S Fiske Blvd address
