Four-Unit Multifamily
For Sale
$1,275,000
201 & 203 Taylor Avenue #A & B, Cape Canaveral, FL 32920
Two duplex buildings offer four residences, each with a two-bedroom, two-bathroom layout.
Property Size4,420 SF
Price / SF$288.46
Days on Market27
Property Features for 201 & 203 Taylor Avenue #A & B
General Information
Standard status
Active
Size
4,420 SF
Property subtype
Residential Income
Zoning
Multi Family
Units
Unit Mix
4 x 2BR/2BA, 1,105 SF
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$7,282
Building Details
Building Size
4,420 SF
Year Built
1965
Buildings
2
Stories
1
Units
4
Listing Agency:
Century 21 Ocean
(321) 323-1212
Listed By:
Barbara Schluraff · License #3633896
(321) 209-1481
Source:
Atlantic321
Added: Oct 8
Changed: Nov 2
Last Checked: Nov 2 at 1:55PM
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 Century 21 Ocean
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Investment Insights
Based on property information with market context.
This multifamily property comprises two duplexes at 201 and 203 Taylor Avenue, with units A and B at each address. All four residences have 2 bedrooms, 2 bathrooms and 1,105 sq ft of living space. The buildings were constructed in 1965, and the property is zoned Multi Family.
The property is adjacent to City of Cape Canaveral pickleball, tennis and racquetball facilities, as well as a library. Port Canaveral’s cruise terminals and restaurants are among the nearby destinations; Cocoa Beach and Kennedy Space Center are also described as an easy drive away.
The property is adjacent to City of Cape Canaveral pickleball, tennis and racquetball facilities, as well as a library. Port Canaveral’s cruise terminals and restaurants are among the nearby destinations; Cocoa Beach and Kennedy Space Center are also described as an easy drive away.
Key Highlights
- Four residential units across two duplex buildings
- Each residence has 2 bedrooms, 2 bathrooms and 1,105 sq ft of living space
- Built in 1965
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,336
Cap Rate
3.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,006,720
$1.0M
Cap Rate 7%
$719,086
$719.1K
Cap Rate 9%
$559,289
$559.3K
Market Conditions
NOI Build-Up for 4,420 SF
Gross rent
$76.9K $17.40/SF
− Vacancy
−$5.0K −$1.13/SF
EGI
$71.9K $16.27/SF
− OpEx
−$21.6K −$4.88/SF
NOI
$50.3K $11.39/SF
Area
Brevard County, FL
Vacancy
6.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,006,720
Cap Rate 7%
$719,086
Cap Rate 9%
$559,289
Alternative Uses
Best Use
Multifamily LT 5
$719.1K
$629.2K – $838.9K
NOI $50,336 @ 7.0% cap · market cap 3.95%
Second Best
Apartment 5plus
$646.4K
$565.6K – $754.1K
NOI $45,246 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,629 @ 7.0% cap · market cap 6.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
628
Businesses Nearby
Explore this area
Business Placement
Demographics for 32920, FL
9,984
Population
8,872
Households
1.1
Avg Household Size
58
Median Age
39%
College-Educated
96%
High-School Grad
24.8 sq mi
ZIP Area
403
Density / Sq Mi
$70,734
Median Household Income
$41,264
Median Earnings
$1,161
Median Rent
$323,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two duplex buildings offer four residences, each with a two-bedroom, two-bathroom layout.
Where is this multifamily property located?
The property is located at 201 & 203 Taylor Avenue #A & B Cape Canaveral, FL.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: Four residential units across two duplex buildings; Each residence has 2 bedrooms, 2 bathrooms and 1,105 sq ft of living space; Built in 1965
