New Construction
1623-1625 Chamorro Street SE, Palm Bay, FL 32909
For Sale
$619,900
Residential Income, Palm Bay, FL
Property Size2,784 SF
Lot Size0.43 Acres
Price / SF$222.67
Days on Market94
Property Features for 1623-1625 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
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Building materials
Roof type
Buildings
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# 1085051
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 2,784 square feet with two distinct residences, each offering 3 bedrooms, 2 bathrooms, and a private back porch. Interior finishes include luxury vinyl plank flooring, large-format tile, quartz and butcher block countertops, wood shaker cabinetry, and black and brass fixtures. Impact windows and doors, LED lighting, and tankless water heaters add to the contemporary specification. Each side also includes a stacked washer and dryer, kitchen appliances, central air, and garage parking.
The property occupies 0.43 acres in Palm Bay, Florida, near Waterstone, the new Publix shopping center, and ongoing development in the surrounding area. Public water and septic service are in place, with block and stucco construction beneath a shingle roof. No HOA or CDD fees are reported.
The property occupies 0.43 acres in Palm Bay, Florida, near Waterstone, the new Publix shopping center, and ongoing development in the surrounding area. Public water and septic service are in place, with block and stucco construction beneath a shingle roof. No HOA or CDD fees are reported.
Key Highlights
- Two‑residence duplex with 2,784 square feet of total property size
- Each residence includes 3 bedrooms and 2 bathrooms
- Built in 2025 on a 0.43‑acre parcel in Palm Bay
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,664
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$653,280
$653.3K
Cap Rate 7%
$466,629
$466.6K
Cap Rate 9%
$362,933
$362.9K
Market Conditions
NOI Build-Up for 2,784 SF
Gross rent
$50.4K $18.12/SF
− Vacancy
−$3.8K −$1.36/SF
EGI
$46.7K $16.76/SF
− OpEx
−$14.0K −$5.03/SF
NOI
$32.7K $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%
$653,280
Cap Rate 7%
$466,629
Cap Rate 9%
$362,933
Alternative Uses
Best Use
Multifamily LT 5
$466.6K
$408.3K – $544.4K
NOI $32,664 @ 7.0% cap · market cap 5.27%
Second Best
Apartment 5plus
$414.5K
$362.7K – $483.6K
NOI $29,017 @ 7.0% cap · market cap 4.68%
Theoretical Best
Office A
$734.5K
$642.7K – $856.9K
NOI $51,415 @ 7.0% cap · market cap 8.29%
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 - Two separate residences offer flexible living arrangements, private outdoor space, and updated energy-conscious features.
Where is this duplex located?
The property is located at 1623-1625 Chamorro Street SE Palm Bay, FL.
What is the asking price?
The asking price for this property is $619,900.
What are key features of this property?
This property features: Two‑residence duplex with 2,784 square feet of total property size; Each residence includes 3 bedrooms and 2 bathrooms; Built in 2025 on a 0.43‑acre parcel in Palm Bay
