214 Madison Avenue Cape Canaveral, FL 32920
MULTI_FAMILY - Cape Canaveral, FL
Property Features for 214 Madison Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bedroom 7, Bedroom 1, Bedroom 8, Bedroom 2, Bedroom 5, Bathroom 4, Bedroom 3, Bedroom 6, Bedroom 4, Bathroom 3, Bathroom 2
- Parking
- 10
- Security features
- Security Lighting
- Exterior features
- Courtyard
- Appliances
- Dishwasher, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
- Standard status
- Active
- APN
- 24-37-23-Cg-00014.0-0012.00
- Size
- 3,582 SF
- Lot size
- 0.30 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- AVON BY THE SEA E 25 FT OF LOT 12,ALL OF LOT 13 & W 29 FT OF LOT 14 BLK 14
- Tax Annual Amount
- 7633
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1974
- Floors in Building
- 1
- Number of units
- 4
- Flooring type
- Vinyl, Tile, Carpet, Laminate
- Building materials
- Frame, Wood Siding
- Roof type
- Shingle
Listing agent Jared Doyle (321) 917-1808
Listing office ITG Realty 1455 S Wickham Road, West Melbourne, FL (321) 622-2701
Listing date Jul 10, 2026
Copyright © 2026 Space Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The remaining two units are currently occupied and offer an opportunity to continue renovations over time. The property also includes generous parking, private outdoor space, and dedicated storage and laundry areas.
With a low-maintenance construction approach and a unit mix intended for long-term tenancy, the property totals 3,582 square feet. The listing notes the area’s close proximity to the Atlantic Ocean, Cocoa Beach, Port Canaveral, cruise terminals, Patrick Space Force Base, and Kennedy Space Center.
Key Highlights
- Four‑unit quadplex built in 1974 with a frame and wood siding exterior
- Central air with electric heating and shingle roof
- Public water and public sewer service
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 | $62.3k | $17.40 |
| − Vacancy | −$4.1k | −$1.13 |
| EGI | $58.3k | $16.27 |
| − OpEx | −$17.5k | −$4.88 |
| NOI | $40.8k | $11.39 |
