New Construction
For Sale
$625,000
1694 Desco Street SE, Palm Bay, FL 32909
Two residences offer open layouts, private primary suites, indoor laundry, and separate one-car garages.
Property Size2,031 SF
Price / SF$414.46
Days on Market226
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Property Features for 1694 Desco Street SE
General Information
Standard status
Active
Size
2,031 SF
Total Parking Spaces
2
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$1,107
Amenities
Central Air
Electric
Building Details
Building Size
2,031 SF
Year Built
2026
Buildings
2
Stories
1
Listing Agency:
GOLDEN GROUP REALTY LLC
Listed By:
Milena Fernandes · License #3459337
(407) 990-5905
Source:
Evrealestate
Added: Mar 3
Changed: Oct 11
Last Checked: Oct 14 at 10:15PM
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
Investment Insights
Based on property information with market context.
Located at 1694 Desco St SE in Palm Bay, this new-construction duplex is identified with a 2026 year built. The property includes two residences, each with approximately 1,508 square feet of living space and a 374-square-foot garage, for a total of 1,911 square feet per side.
Across the duplex, the layouts provide six bedrooms and four full bathrooms. Each unit includes an open-concept living arrangement, a private primary suite, indoor laundry, modern finishes, and one garage space. The configuration supports separate residential living areas within one income-producing property.
Across the duplex, the layouts provide six bedrooms and four full bathrooms. Each unit includes an open-concept living arrangement, a private primary suite, indoor laundry, modern finishes, and one garage space. The configuration supports separate residential living areas within one income-producing property.
Key Highlights
- Two‑unit duplex with 6 total bedrooms and 4 full bathrooms
- Approximately 1,508 SF of living space per unit
- Each side totals 1,911 sq ft, including a 374 sq ft garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,693
Cap Rate
2.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$353,860
$353.9K
Cap Rate 7%
$252,757
$252.8K
Cap Rate 9%
$196,589
$196.6K
Market Conditions
NOI Build-Up for 1,508 SF
Gross rent
$27.3K $18.12/SF
− Vacancy
−$2.0K −$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%
$353,860
Cap Rate 7%
$252,757
Cap Rate 9%
$196,589
Alternative Uses
Best Use
Multifamily LT 5
$252.8K
$221.2K – $294.9K
NOI $17,693 @ 7.0% cap · market cap 2.83%
Second Best
Apartment 5plus
$224.5K
$196.5K – $262.0K
NOI $15,717 @ 7.0% cap · market cap 2.51%
Theoretical Best
Office A
$397.9K
$348.1K – $464.2K
NOI $27,850 @ 7.0% cap · market cap 4.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
50
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 - Two residences offer open layouts, private primary suites, indoor laundry, and separate one-car garages.
Where is this duplex located?
The property is located at 1694 Desco 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 total bedrooms and 4 full bathrooms; Approximately 1,508 SF of living space per unit; Each side totals 1,911 sq ft, including a 374 sq ft garage
