New Construction
For Sale
$625,000
1626 De La Vega Street SE, Palm Bay, FL 32909
Two-unit residential property with private primary suites, indoor laundry, and a garage for each unit.
Property Size1,511 SF
Price / SF$413.63
Days on Market241
Property Features for 1626 De La Vega Street SE
General Information
Standard status
Active
Size
1,511 SF
Total Parking Spaces
2
Property subtype
Duplex
Units
Multifamily Units
2
Parking per Unit
1
Taxes and HOA fees
Annual Taxes
$1,402
Building Details
Building Size
1,511 SF
Year Built
2026
Listing Agency:
Golden Group Realty LLC
Listed By:
Milena Fernandes · License #3459337
(407) 990-5905
Source:
Inthehomezonerealty
Added: Mar 4
Changed: Oct 26
Last Checked: Oct 30 at 1:34AM
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 Golden Group Realty LLC
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Investment Insights
Based on property information with market context.
Planned as a new-construction duplex, this residential property contains two units with six bedrooms and four full bathrooms in total. Each side is designed with an open-concept living area, a private primary suite, indoor laundry, and modern finishes. One garage space is provided per unit, for two spaces across the property.
The property is located at 1626 De La Vega Street SE in Palm Bay, Florida. Its two-unit configuration and separate garages are key physical features of the offering.
The property is located at 1626 De La Vega Street SE in Palm Bay, Florida. Its two-unit configuration and separate garages are key physical features of the offering.
Key Highlights
- Two‑unit duplex with 6 bedrooms and 4 full bathrooms total
- Two garage spaces, with 1 assigned to each unit
- Each unit features an open‑concept layout and private primary suite
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,728
Cap Rate
2.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$354,560
$354.6K
Cap Rate 7%
$253,257
$253.3K
Cap Rate 9%
$196,978
$197.0K
Market Conditions
NOI Build-Up for 1,511 SF
Gross rent
$27.4K $18.12/SF
− Vacancy
−$2.1K −$1.36/SF
EGI
$25.3K $16.76/SF
− OpEx
−$7.6K −$5.03/SF
NOI
$17.7K $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%
$354,560
Cap Rate 7%
$253,257
Cap Rate 9%
$196,978
Alternative Uses
Best Use
Multifamily LT 5
$253.3K
$221.6K – $295.5K
NOI $17,728 @ 7.0% cap · market cap 2.84%
Second Best
Apartment 5plus
$225.0K
$196.9K – $262.5K
NOI $15,749 @ 7.0% cap · market cap 2.52%
Theoretical Best
Office A
$398.6K
$348.8K – $465.1K
NOI $27,905 @ 7.0% cap · market cap 4.46%
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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with private primary suites, indoor laundry, and a garage for each unit.
Where is this duplex located?
The property is located at 1626 De La Vega Street SE Palm Bay, FL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Two‑unit duplex with 6 bedrooms and 4 full bathrooms total; Two garage spaces, with 1 assigned to each unit; Each unit features an open‑concept layout and private primary suite
