Brand New Duplex with Private
1605 ESPEJO SE STREET A & B Palm Bay, FL 32909
For Sale
$599,900
Pending
New duplex with modern finishes in both units, impact windows, tankless water heaters, and a large backyard.
Property Size3,400 SF
Days on Market530
Property Features for 1605 ESPEJO SE STREET A & B
General Information
- Standard status
- Pending
- Size
- 3,400 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 2025
Listing Agency:
EXP REALTY LLC
(407) 406-3213
Listed By:
Angie Amate · License #3295927
(407) 406-3213
Source:
Exitrealty
Added: Feb 8, 2025
Changed: Jul 23
Last Checked: Jul 23 at 11:17AM
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 EXP REALTY LLC
Investment Insights
Based on property information with market context.
This brand new duplex consists of two separate units (A & B) and is described as offering complete privacy between units. Both sides feature luxury vinyl plank flooring, stainless steel appliances, and large format tile, along with dark and brass fixtures, wood shaker cabinets, and quartz and butcher block countertops. The homes also include LED ceiling lights, impact windows and doors, and tankless water heaters, with recent updates noted throughout.
The property includes a massive backyard that can serve as a flexible outdoor space. It is located less than 2 miles from Waterstone and the new Publix Shopping Center, with additional new developments noted in the surrounding area.
For buyers seeking an owner-occupied setup, the duplex configuration supports a live-in-and-rent arrangement given the privacy between units as described in the remarks.
The property includes a massive backyard that can serve as a flexible outdoor space. It is located less than 2 miles from Waterstone and the new Publix Shopping Center, with additional new developments noted in the surrounding area.
For buyers seeking an owner-occupied setup, the duplex configuration supports a live-in-and-rent arrangement given the privacy between units as described in the remarks.
Key Highlights
- New duplex built in 2025 with modern finishes in both units
- Each unit features luxury vinyl plank flooring, large format tile, and stainless steel appliances
- Impact windows and doors plus LED ceiling lights throughout
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 | $61.6k | $18.12 |
| − Vacancy | −$4.6k | −$1.36 |
| EGI | $57.0k | $16.76 |
| − OpEx | −$17.1k | −$5.03 |
| NOI | $39.9k | $11.73 |
3,400 SF · lease $18.12/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$569.9K
$498.6K – $664.9K
NOI $39,891 @ 7.0% cap · market cap 6.65%
Second Best
Apartment 5plus
$506.2K
$443.0K – $590.6K
NOI $35,437 @ 7.0% cap · market cap 5.91%
Theoretical Best
Office A
$897.0K
$784.9K – $1.05M
NOI $62,791 @ 7.0% cap · market cap 10.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - New duplex with modern finishes in both units, impact windows, tankless water heaters, and a large backyard.
Where is this duplex located?
The property is located at 1605 ESPEJO SE STREET A & B Palm Bay, FL.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: New duplex built in 2025 with modern finishes in both units; Each unit features luxury vinyl plank flooring, large format tile, and stainless steel appliances; Impact windows and doors plus LED ceiling lights throughout
