4-Unit Condominium
New
For Sale
$900,000
238 CHANDLER Street, Cape Canaveral, FL 32920
Residential Income, CAPE CANAVERAL, FL
Property Size4,440 SF
Lot Size0.03 Acres
Price / SF$202.70
Days on Market1
Property Features for 238 CHANDLER Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
X
Bedrooms
8
Bathrooms
8
Full bathrooms
8
Rooms
Bedroom 6, Bedroom 4, Bedroom 2, Bedroom 3, Bathroom 8, Bathroom 6, Bedroom 5, Bedroom 1, Bathroom 7, Bathroom 3, Bedroom 8, Bathroom 4, Bathroom 2, Bathroom 5, Bathroom 1, Bedroom 7
Pets allowed
Breed Restrictions
Interior features
Thermostat
Subdivision
CAPE CANAVERAL BEACH GARDENS UNIT 02
Directions
Cape Canaveral, FL 32920
Standard status
Active
APN
24 3714-51-4-11.01
Size
4,440 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
UNIT 101 CHANDLER BEND CONDO AS DESC IN ORB 2317 PG 786 AND ALL AMENDMENTS THERETO.
Tax Annual Amount
1737
Legal Description
UNIT 101 CHANDLER BEND CONDO AS DESC IN ORB 2317 PG 786 AND ALL AMENDMENTS THERETO.
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1981
Building materials
Concrete
Roof type
Shingle
Listing Agency:
FLORIDA REALTY INVESTMENTS
(407) 207-2220
Listed By:
Tito Urbano Perez
(407) 907-0350
Added: Oct 22
Last Checked: Oct 22 at 7:06PM
MLS# TB8560621
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This portfolio comprises four condominiums in a seven-unit community, totaling 4,440 square feet. Each residence contains 1,110 square feet with two bedrooms and two bathrooms. Improvements across the units include kitchens, bathrooms, windows, sliding glass doors, air-conditioning systems, and water heaters; two units also have further interior upgrades. The condos were built in 1981 and are separately parceled, allowing individual disposition.
The property is in Cape Canaveral, near Cocoa Beach and Port Canaveral. Short-term stays are permitted with a 30-day minimum. Tenants pay their own utilities.
The property is in Cape Canaveral, near Cocoa Beach and Port Canaveral. Short-term stays are permitted with a 30-day minimum. Tenants pay their own utilities.
Key Highlights
- Four 2‑bedroom, 2‑bathroom condominiums totaling 4,440 square feet
- Each unit measures 1,110 square feet
- Located in a 7‑unit community; condos are separately parceled
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,451
Cap Rate
5.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$909,020
$909.0K
Cap Rate 7%
$649,300
$649.3K
Cap Rate 9%
$505,011
$505.0K
Market Conditions
NOI Build-Up for 4,440 SF
Gross rent
$87.9K $19.80/SF
− Vacancy
−$5.3K −$1.19/SF
EGI
$82.6K $18.61/SF
− OpEx
−$37.2K −$8.38/SF
NOI
$45.5K $10.24/SF
Area
Brevard County, FL
Vacancy
6.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$909,020
Cap Rate 7%
$649,300
Cap Rate 9%
$505,011
Alternative Uses
Best Use
Apartment 5plus
$649.3K
$568.1K – $757.5K
NOI $45,451 @ 7.0% cap · market cap 5.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.17M
$1.02M – $1.37M
NOI $81,998 @ 7.0% cap · market cap 9.11%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
570
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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Each residence has two bedrooms, two bathrooms, and updated interior systems and finishes.
Where is this multifamily property located?
The property is located at 238 CHANDLER Street Cape Canaveral, FL.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Four 2‑bedroom, 2‑bathroom condominiums totaling 4,440 square feet; Each unit measures 1,110 square feet; Located in a 7‑unit community; condos are separately parceled
