10-Unit Apartment
New
For Sale
$1,299,900
2755 BARNA Avenue, Titusville, FL 32780
MULTI_FAMILY - TITUSVILLE, FL
Property Size10,308 SF
Lot Size0.53 Acres
Price / SF$126.11
Days on Market1
Property Features for 2755 BARNA Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
R3
Bedrooms
19
Bathrooms
11
Full bathrooms
11
Rooms
Bedroom 1, Bathroom 10, Bathroom 2, Bedroom 10, Bathroom 11, Bedroom 17, Bedroom 16, Bedroom 2, Bedroom 3, Bedroom 6, Bathroom 1, Bedroom 15, Bathroom 8, Bedroom 7, Bathroom 3, Bedroom 9, Bathroom 6, Bedroom 18, Bathroom 9, Bedroom 8, Bedroom 5, Bedroom 19, Bedroom 12, Bedroom 11, Bathroom 7, Bedroom 14, Bathroom 4, Bedroom 13, Bathroom 5, Bedroom 4
Subdivision
PART OF NW 1/4 OF NE 1/4 LYING E OF BARNA AVE AS
Directions
US#1 to west on Harrison St. At intersection of Barna Ave and Harrison, turn left onto Barna Ave. Units will be on your left side just behind the plaza
Standard status
Active
APN
22 3516-00-39
Size
10,308 SF
Lot size
0.53 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PART OF NW 1/4 OF NE 1/4 LYING E OF BARNA AVE AS DES IN ORB 2449 PG 2900 EXC ORB 3078 PG 2327 & S 75 FT
Tax Annual Amount
1526
Legal Description
PART OF NW 1/4 OF NE 1/4 LYING E OF BARNA AVE AS DES IN ORB 2449 PG 2900 EXC ORB 3078 PG 2327 & S 75 FT
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1986
Number of units
10
Building materials
Frame
Roof type
Shingle
Listing Agency:
MUTTER REALTY · Real Living
(321) 269-9855
Listed By:
James Mutter · License #3594768
(321) 269-9855
Added: Aug 12
Last Checked: Aug 12 at 7:06PM
MLS# O6433043
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.
Investment Insights
Based on property information with market context.
This 10-unit apartment property at 2755 Barna Avenue includes four 3-bedroom residences and six 2-bedroom residences. The units are arranged across ground-level and upstairs locations, with each residence designed on one level. The 10,308-square-foot building sits on 0.53 acres and was constructed in 1986 with frame construction, a shingle roof, central heating, and central air conditioning.
Public water and public sewer serve the property, while open parking accommodates residents and guests. The Titusville address is within ZIP Code 32780 in Brevard County. R3 zoning supports the property's apartment configuration.
Public water and public sewer serve the property, while open parking accommodates residents and guests. The Titusville address is within ZIP Code 32780 in Brevard County. R3 zoning supports the property's apartment configuration.
Key Highlights
- 10,308‑square‑foot apartment property on 0.53 acres
- 10 units: four 3‑bedroom and six 2‑bedroom residences
- Ground‑level and upstairs units, each arranged on one level
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$105,519
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,110,380
$2.1M
Cap Rate 7%
$1,507,414
$1.5M
Cap Rate 9%
$1,172,433
$1.2M
Market Conditions
NOI Build-Up for 10,308 SF
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.
Gross rent
$204.1K $19.80/SF
− Vacancy
−$12.2K −$1.19/SF
EGI
$191.9K $18.61/SF
− OpEx
−$86.3K −$8.38/SF
NOI
$105.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,110,380
Cap Rate 7%
$1,507,414
Cap Rate 9%
$1,172,433
Alternative Uses
Best Use
Apartment 5plus
$1.51M
$1.32M – $1.76M
NOI $105,519 @ 7.0% cap · market cap 8.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.72M
$2.38M – $3.17M
NOI $190,368 @ 7.0% cap · market cap 14.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
208
Businesses Nearby
Explore this area
Business Placement
Demographics for 32780, FL
39,525
Population
19,984
Households
2
Avg Household Size
48
Median Age
27%
College-Educated
92%
High-School Grad
68.1 sq mi
ZIP Area
580
Density / Sq Mi
$64,670
Median Household Income
$39,882
Median Earnings
$1,258
Median Rent
$250,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - R3-zoned property contains single-level residences with open parking and central heating and cooling.
Where is this apartment building located?
The property is located at 2755 BARNA Avenue Titusville, FL.
What is the asking price?
The asking price for this property is $1,299,900.
What are key features of this property?
This property features: 10,308‑square‑foot apartment property on 0.53 acres; 10 units: four 3‑bedroom and six 2‑bedroom residences; Ground‑level and upstairs units, each arranged on one level
