Two-Unit
New
For Sale
$209,900
2663 Kingswood Dr NE, Palm Bay, FL 32905
The property combines a two-bedroom residence with a separate one-bedroom residence.
Property Size1,845 SF
Price / SF$113.77
Days on Market7
Property Features for 2663 Kingswood Dr NE
General Information
Standard status
Active
Size
1,845 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Building Details
Year Built
1957
Listing Agency:
Atlantic Group Real Estate
Listed By:
Lynnette Hendricks · License #651304
(321) 877-4800
Source:
Floridaeastcoastrealestate
Added: Oct 7
Changed: Oct 13
Last Checked: Oct 12 at 7:42PM
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 Atlantic Group Real Estate
Investment Insights
Based on property information with market context.
This duplex contains two residences with distinct layouts: one offers two bedrooms and one bathroom, while the other has one bedroom and one bathroom. The building was constructed in 1957 and contains 1,845 square feet.
Key Highlights
- Two residences: one with 2 bedrooms and 1 bathroom, the other with 1 bedroom and 1 bathroom
- 1,845 square feet
- Built in 1957
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,230
Cap Rate
9.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$384,600
$384.6K
Cap Rate 7%
$274,714
$274.7K
Cap Rate 9%
$213,667
$213.7K
Market Conditions
NOI Build-Up for 1,845 SF
Gross rent
$37.2K $20.16/SF
− Vacancy
−$2.2K −$1.21/SF
EGI
$35.0K $18.95/SF
− OpEx
−$15.7K −$8.53/SF
NOI
$19.2K $10.42/SF
Area
Palm Bay, FL
Vacancy
6.00%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$384,600
Cap Rate 7%
$274,714
Cap Rate 9%
$213,667
Alternative Uses
Best Use
Multifamily LT 5
$309.2K
$270.6K – $360.8K
NOI $21,647 @ 7.0% cap · market cap 10.31%
Second Best
Apartment 5plus
$274.7K
$240.4K – $320.5K
NOI $19,230 @ 7.0% cap · market cap 9.16%
Theoretical Best
Office A
$486.8K
$425.9K – $567.9K
NOI $34,073 @ 7.0% cap · market cap 16.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
200
Businesses Nearby
Explore this area
Business Placement
Demographics for 32905, FL
26,064
Population
12,635
Households
2.1
Avg Household Size
45
Median Age
27%
College-Educated
91%
High-School Grad
9.7 sq mi
ZIP Area
2,687
Density / Sq Mi
$56,671
Median Household Income
$31,688
Median Earnings
$1,361
Median Rent
$206,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - The property combines a two-bedroom residence with a separate one-bedroom residence.
Where is this duplex located?
The property is located at 2663 Kingswood Dr NE Palm Bay, FL.
What is the asking price?
The asking price for this property is $209,900.
What are key features of this property?
This property features: Two residences: one with 2 bedrooms and 1 bathroom, the other with 1 bedroom and 1 bathroom; 1,845 square feet; Built in 1957
