285 MONROE AVE Cape Canaveral, FL 32920
Multifamily property with three units in Cape Canaveral.
Property Features for 285 MONROE AVE
General Information
- Standard status
- Active
- Size
- 4,560 SF
- Property subtype
- Multifamily, Mixed Use, Special Purpose
Building Details
- Year Built
- 1965
Listing office Coldwell Banker Commercial NRT Melbourne (321) 704-1600
Listing date May 18, 2026
Source Crexi
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 Coldwell Banker Commercial NRT Melbourne
Investment Insights
Based on property information with market context.
Key Highlights
- Multifamily property featuring 3 units
- Built in 1965
- Last sold on 11/02/2022
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 | $79.3k | $17.40 |
| − Vacancy | −$5.2k | −$1.13 |
| EGI | $74.2k | $16.27 |
| − OpEx | −$22.3k | −$4.88 |
| NOI | $51.9k | $11.39 |
