Renovated Triplex with
New
For Sale
$985,000
211 Arthur Ave, Cocoa Beach, FL 32931
Three apartments offer private outdoor areas and in-unit laundry, with shared access to a heated saltwater pool.
Property Size2,742 SF
Price / SF$359.23
Days on Market3
Property Features for 211 Arthur Ave
General Information
Standard status
Active
Size
2,742 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA, 1 x 2BR/2BA
Multifamily Units
3
Amenities
in-unit washer and dryer
heated saltwater pool
private backyard
Building Details
Year Built
1958
Listing Agency:
Century 21 Ocean
Listed By:
Barbara Schluraff · License #3633896
(321) 720-3878
Source:
Spacecoasthomefinders
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 15 at 2:03AM
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 renovated triplex contains three apartments: a one-bedroom, one-bath unit, a two-bedroom, one-bath unit, and a two-bedroom, two-bath unit. Each has its own washer and dryer, and each includes a private backyard. The 2,742-square-foot property was built in 1958 and has a shared heated saltwater pool.
At 211 Arthur Ave in Cocoa Beach, the property is one block from the beach. Restaurants and shops, Port Canaveral, and major Space Coast employers are also identified as nearby destinations.
At 211 Arthur Ave in Cocoa Beach, the property is one block from the beach. Restaurants and shops, Port Canaveral, and major Space Coast employers are also identified as nearby destinations.
Key Highlights
- Three‑unit mix: one 1‑bedroom/1‑bath, one 2‑bedroom/1‑bath, and one 2‑bedroom/2‑bath apartment
- 2,742 square feet; built in 1958
- Washer and dryer in each apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,227
Cap Rate
3.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$624,540
$624.5K
Cap Rate 7%
$446,100
$446.1K
Cap Rate 9%
$346,967
$347.0K
Market Conditions
NOI Build-Up for 2,742 SF
Gross rent
$47.7K $17.40/SF
− Vacancy
−$3.1K −$1.13/SF
EGI
$44.6K $16.27/SF
− OpEx
−$13.4K −$4.88/SF
NOI
$31.2K $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%
$624,540
Cap Rate 7%
$446,100
Cap Rate 9%
$346,967
Alternative Uses
Best Use
Multifamily LT 5
$446.1K
$390.3K – $520.5K
NOI $31,227 @ 7.0% cap · market cap 3.17%
Second Best
Apartment 5plus
$401.0K
$350.9K – $467.8K
NOI $28,069 @ 7.0% cap · market cap 2.85%
Theoretical Best
Office A
$723.4K
$633.0K – $844.0K
NOI $50,639 @ 7.0% cap · market cap 5.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
617
Businesses Nearby
Explore this area
Business Placement
Demographics for 32931, FL
13,643
Population
10,763
Households
1.3
Avg Household Size
60
Median Age
52%
College-Educated
97%
High-School Grad
5.2 sq mi
ZIP Area
2,624
Density / Sq Mi
$84,769
Median Household Income
$51,769
Median Earnings
$1,533
Median Rent
$478,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three apartments offer private outdoor areas and in-unit laundry, with shared access to a heated saltwater pool.
Where is this triplex located?
The property is located at 211 Arthur Ave Cocoa Beach, FL.
What is the asking price?
The asking price for this property is $985,000.
What are key features of this property?
This property features: Three‑unit mix: one 1‑bedroom/1‑bath, one 2‑bedroom/1‑bath, and one 2‑bedroom/2‑bath apartment; 2,742 square feet; built in 1958; Washer and dryer in each apartment
