21 Main Street TITUSVILLE Titusville, FL 32796
Two-building, historic quadplex with fully remodeled upstairs apartments and month-to-month tenants, offered with multiple modern building systems.
Property Features for 21 Main Street TITUSVILLE
General Information
- Standard status
- Active
- Size
- 13,860 SF
Building Details
- Year Built
- 1924
Listing office (407) 890-1354
Listing date Jul 7, 2026
Source Therealestatecollection
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Investment Insights
Based on property information with market context.
The offering includes 21 Main Street with 1st floor space and 2nd floor space totaling 13,776 SF, along with 25 Main Street totaling 2,694 SF. The buildings are located in the heart of Titusville, Florida, and each unit is positioned as a fully remodeled upstairs apartment.
For buyers seeking a residential income asset, this configuration can appeal to an owner-operator or investor who wants turnkey interiors and an income stream supported by month-to-month tenants already in place. The back-access handicap accessibility and the list of recent building upgrades may reduce near-term capital concerns while providing a practical layout for continued rental operations.
Key Highlights
- Historic 2‑building site in Titusville built in 1924 with asphalt city street frontage.
- Renovated throughout: lighting, electrical, roof, flooring, and interior/exterior painting, plus brick painted and sealed.
- Windows replaced in 2020; building has been tented for termites.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $241.2k | $17.40 |
| − Vacancy | −$15.7k | −$1.13 |
| EGI | $225.5k | $16.27 |
| − OpEx | −$67.6k | −$4.88 |
| NOI | $157.8k | $11.39 |
