New Construction 2-Unit
For Sale
$634,900
1611-1613 Chamorro St SE, Palm Bay, FL 32909
Each residence includes three bedrooms, two bathrooms, and an enclosed Florida room overlooking the backyard.
Property Size2,780 SF
Price / SF$228.38
Days on Market63
Property Features for 1611-1613 Chamorro St SE
General Information
Standard status
Active
Size
2,780 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Amenities
impact windows and doors
energy efficient LED lighting
tankless water heaters
enclosed Florida room
Building Details
Year Built
2025
Buildings
1
Listing Agency:
Weichert Realtors Hallmark Pro
Listed By:
Lynnette Hendricks · License #651304
(321) 877-4800
Source:
Floridaeastcoastrealestate
Added: Aug 16
Changed: Oct 16
Last Checked: Oct 16 at 8:42AM
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 Weichert Realtors Hallmark Pro
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Completed in 2025, this duplex contains two separate residences totaling 2,780 square feet. Each side offers three bedrooms and two bathrooms, with a layout designed to maintain separation between units. Interior finishes include luxury vinyl plank flooring, large-format tile, quartz and butcher block countertops, wood shaker cabinetry, and black and brass fixtures. Impact-rated windows and doors, LED lighting, and tankless water heaters are installed throughout. Both residences also feature enclosed Florida rooms positioned toward the backyard, adding flexible year-round living space.
The property is located at 1611-1613 Chamorro St SE in Palm Bay, near Waterstone, the new Publix shopping center, and ongoing surrounding development. There are no HOA or CDD fees. The two-unit configuration supports separate occupancy, leasing of both residences, or multigenerational use.
The property is located at 1611-1613 Chamorro St SE in Palm Bay, near Waterstone, the new Publix shopping center, and ongoing surrounding development. There are no HOA or CDD fees. The two-unit configuration supports separate occupancy, leasing of both residences, or multigenerational use.
Key Highlights
- 2025‑built duplex with two private residences
- Each unit has 3 bedrooms and 2 bathrooms
- 2,780 square feet across both residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,617
Cap Rate
5.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$652,340
$652.3K
Cap Rate 7%
$465,957
$466.0K
Cap Rate 9%
$362,411
$362.4K
Market Conditions
NOI Build-Up for 2,780 SF
Gross rent
$50.4K $18.12/SF
− Vacancy
−$3.8K −$1.36/SF
EGI
$46.6K $16.76/SF
− OpEx
−$14.0K −$5.03/SF
NOI
$32.6K $11.73/SF
Area
Palm Bay, FL
Vacancy
7.50%
Lease Rate
$18.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$652,340
Cap Rate 7%
$465,957
Cap Rate 9%
$362,411
Alternative Uses
Best Use
Multifamily LT 5
$466.0K
$407.7K – $543.6K
NOI $32,617 @ 7.0% cap · market cap 5.14%
Second Best
Apartment 5plus
$413.9K
$362.2K – $482.9K
NOI $28,975 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$733.4K
$641.8K – $855.7K
NOI $51,341 @ 7.0% cap · market cap 8.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
58
Businesses Nearby
Explore this area
Business Placement
Demographics for 32909, FL
36,789
Population
14,278
Households
2.6
Avg Household Size
42
Median Age
23%
College-Educated
92%
High-School Grad
57.7 sq mi
ZIP Area
638
Density / Sq Mi
$76,708
Median Household Income
$36,071
Median Earnings
$1,502
Median Rent
$261,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes three bedrooms, two bathrooms, and an enclosed Florida room overlooking the backyard.
Where is this duplex located?
The property is located at 1611-1613 Chamorro St SE Palm Bay, FL.
What is the asking price?
The asking price for this property is $634,900.
What are key features of this property?
This property features: 2025‑built duplex with two private residences; Each unit has 3 bedrooms and 2 bathrooms; 2,780 square feet across both residences
