New Construction
1611-1613 Chamorro Street SE, Palm Bay, FL 32909
For Sale
$634,900
Residential Income, Palm Bay, FL
Property Size2,780 SF
Lot Size0.43 Acres
Price / SF$228.38
Days on Market94
Property Features for 1611-1613 Chamorro Street SE
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Exterior features
Appliances
Subdivision
Lot features
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
luxury vinyl plank flooring
large format tile
quartz and butcher block countertops
wood shaker cabinetry
black and brass fixtures
impact windows and doors
energy efficient LED lighting
tankless water heaters
enclosed Florida room
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
ZOOM Realty Group LLC
(954) 777-6336
Listed By:
Cole Nichter · License FL #3538625
(321) 684-9829
Added: Aug 14
Changed: Oct 30
Last Checked: Nov 15 at 2:06AM
MLS# 1085050
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.
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Investment Insights
Based on property information with market context.
Completed in 2025, this duplex contains 2,780 square feet arranged as two private residences, each with 3 bedrooms and 2 bathrooms. The units are separated for privacy and include luxury vinyl plank flooring, large-format tile, quartz and butcher-block countertops, shaker cabinetry, and black-and-brass fixtures. Impact windows and doors, LED lighting, tankless water heaters, central air, and electric heating add to the property’s functional features. Each residence also has an enclosed Florida room that opens toward the backyard.
The property occupies 0.43 acres in Palm Bay and has no HOA or CDD fees. Additional site and building features include a driveway, garage, public water, septic service, block and stone construction, and a shingle roof. The address is near Waterstone, a new Publix shopping center, and ongoing surrounding development.
The property occupies 0.43 acres in Palm Bay and has no HOA or CDD fees. Additional site and building features include a driveway, garage, public water, septic service, block and stone construction, and a shingle roof. The address is near Waterstone, a new Publix shopping center, and ongoing surrounding development.
Key Highlights
- 2025‑built duplex with 2,780 square feet
- Two residences, each with 3 bedrooms and 2 bathrooms
- 0.43‑acre property in Palm Bay
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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
58
Businesses Nearby
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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
$261,400
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Brevard County, FL
Properties on Market for Duplexes in Brevard County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - New construction combines separated living quarters, refined finishes, impact protection, and enclosed Florida rooms.
Where is this duplex located?
The property is located at 1611-1613 Chamorro Street 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 2,780 square feet; Two residences, each with 3 bedrooms and 2 bathrooms; 0.43‑acre property in Palm Bay
