Duplex with In-Ground
214 Jefferson Avenue, Cape Canaveral, FL 32920
For Sale
$558,000
Two separate apartments provide a four-bedroom upper layout and a three-bedroom lower layout.
Property Size2,944 SF
Price / SF$189.54
Days on Market88
Property Features for 214 Jefferson Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
in-ground pool
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Barrier Island Properties
(321) 461-7126
Listed By:
Stephanie A Orenczak
(321) 544-6334
Source:
Atlantic321
Added: Aug 14
Changed: Nov 7
Last Checked: Nov 9 at 12:41PM
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 Barrier Island Properties
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Investment Insights
Based on property information with market context.
This two-story duplex contains 2,944 square feet across two apartments, with a combined seven bedrooms and four bathrooms. The upper residence has four bedrooms and two bathrooms, wood flooring, tile in the bathrooms, and attic storage. Its HVAC system was installed in January 2024. The lower residence has three bedrooms, two bathrooms, tile flooring, and a bonus room; its HVAC is not functioning. The property also includes an in-ground pool, a one-car garage, a fenced backyard, and natural gas service. The roof was replaced in October 2024, and the pool pump is not operational.
At 214 Jefferson Avenue in Cape Canaveral, the property is described as a short distance from the beach and minutes from Port Canaveral, restaurants, shopping, and area attractions. It is being sold as-is.
At 214 Jefferson Avenue in Cape Canaveral, the property is described as a short distance from the beach and minutes from Port Canaveral, restaurants, shopping, and area attractions. It is being sold as-is.
Key Highlights
- Two apartments with a combined 7 bedrooms and 4 bathrooms
- 2,944 square feet in a two‑story duplex
- Upper unit HVAC installed January 2024; lower unit HVAC is not functioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,527
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$670,540
$670.5K
Cap Rate 7%
$478,957
$479.0K
Cap Rate 9%
$372,522
$372.5K
Market Conditions
NOI Build-Up for 2,944 SF
Gross rent
$51.2K $17.40/SF
− Vacancy
−$3.3K −$1.13/SF
EGI
$47.9K $16.27/SF
− OpEx
−$14.4K −$4.88/SF
NOI
$33.5K $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%
$670,540
Cap Rate 7%
$478,957
Cap Rate 9%
$372,522
Alternative Uses
Best Use
Multifamily LT 5
$479.0K
$419.1K – $558.8K
NOI $33,527 @ 7.0% cap · market cap 6.01%
Second Best
Apartment 5plus
$430.5K
$376.7K – $502.3K
NOI $30,137 @ 7.0% cap · market cap 5.40%
Theoretical Best
Office A
$858.5K
$751.2K – $1.00M
NOI $60,093 @ 7.0% cap · market cap 10.77%
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
709
Businesses Nearby
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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
$323,900
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Brevard County, FL
Properties on Market for Duplexes in Brevard County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate apartments provide a four-bedroom upper layout and a three-bedroom lower layout.
Where is this duplex located?
The property is located at 214 Jefferson Avenue Cape Canaveral, FL.
What is the asking price?
The asking price for this property is $558,000.
What are key features of this property?
This property features: Two apartments with a combined 7 bedrooms and 4 bathrooms; 2,944 square feet in a two‑story duplex; Upper unit HVAC installed January 2024; lower unit HVAC is not functioning
