Furnished Coastal
For Sale
Under Contract
$625,000
315 Arthur Avenue, Cocoa Beach, FL 32931
Residential Income, Cocoa Beach, FL
Property Size1,590 SF
Lot Size0.10 Acres
Price / SF$393.08
Days on Market157
Property Features for 315 Arthur Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bathroom 3, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 2
Parking features
Driveway, Assigned
Exterior features
Outdoor Shower
Fencing
Privacy
Appliances
Dishwasher, Dryer, Electric Oven, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
Subdivision
Avon By The Sea
Lot features
Dead End Street
Elementary school
Cape View
Middle school
Cocoa Beach
High school
Cocoa Beach
Directions
From 528, South on A1A, left on Arthur. Continue to beach block, property on right.
Standard status
Active Under Contract
APN
24-37-26-00-00265.0-0000.00
Size
1,590 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
AVON BY THE SEA PART OF WINSLOW RESERVE AS DES IN ORB 178 PG 169
Tax Annual Amount
5059
Legal Description
AVON BY THE SEA PART OF WINSLOW RESERVE AS DES IN ORB 178 PG 169
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric, Wall/Window Unit(s), Window Unit(s)
Water source
Public
Amenities
private courtyard
common laundry
extra full bathroom
storage
Building Details
Year built
1958
Floors in Building
1
Number of units
3
Flooring type
Tile
Building materials
Block, Stucco
Roof type
Membrane
Listing Agency:
LPT Realty LLC
(877) 366-2213
Listed By:
Jennifer Deal · License #3395497
(321) 345-9557
Added: Apr 10
Changed: Sep 13
Last Checked: Sep 13 at 7:06PM
MLS# 1074273
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.
This furnished triplex contains three one-bedroom, one-bath units within a 1,590-square-foot property on 0.1 acres. One unit has a full kitchen, while the other two include partial kitchens. Each residence opens to a private courtyard, and the property includes tile flooring, block and stucco construction, public water, and public sewer. Appliances include refrigerators, ranges, microwaves, dishwashers, washers, and dryers.
Two rear structures expand the functional layout. One provides shared laundry facilities and an additional full bathroom; the other offers storage space. The property was built in 1958 and also includes an outdoor shower, privacy fencing, membrane roofing, driveway parking, and assigned parking. There is no HOA.
The beach is approximately a one-minute walk away, with the Cocoa Beach Pier, restaurants, and nightlife within walking distance. Port Canaveral is 2 miles away, and the property offers nearby views of rocket launches from Kennedy Space Center.
Two rear structures expand the functional layout. One provides shared laundry facilities and an additional full bathroom; the other offers storage space. The property was built in 1958 and also includes an outdoor shower, privacy fencing, membrane roofing, driveway parking, and assigned parking. There is no HOA.
The beach is approximately a one-minute walk away, with the Cocoa Beach Pier, restaurants, and nightlife within walking distance. Port Canaveral is 2 miles away, and the property offers nearby views of rocket launches from Kennedy Space Center.
Key Highlights
- Three 1‑bedroom/1‑bath units totaling 1,590 square feet
- 0.1‑acre Cocoa Beach property built in 1958
- One full kitchen and two partial kitchens
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
$18,107
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
2.90%
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%
$362,140
$362.1K
Cap Rate 7%
$258,671
$258.7K
Cap Rate 9%
$201,189
$201.2K
Market Conditions
NOI Build-Up for 1,590 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
$27.7K $17.40/SF
− Vacancy
−$1.8K −$1.13/SF
EGI
$25.9K $16.27/SF
− OpEx
−$7.8K −$4.88/SF
NOI
$18.1K $11.39/SF
Area
Brevard County, FL
Vacancy
6.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
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%
$362,140
Cap Rate 7%
$258,671
Cap Rate 9%
$201,189
Alternative Uses
Best Use
Multifamily LT 5
$258.7K
$226.3K – $301.8K
NOI $18,107 @ 7.0% cap · market cap 2.90%
Second Best
Apartment 5plus
$232.5K
$203.5K – $271.3K
NOI $16,276 @ 7.0% cap · market cap 2.60%
Theoretical Best
Office A
$419.5K
$367.1K – $489.4K
NOI $29,364 @ 7.0% cap · market cap 4.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
617
Businesses Nearby
Explore this area
Business Placement
Demographics for 32931, FL
13,643
Population
10,763
Households
1.3
Avg Household Size
60
Median Age
52%
College-Educated
97%
High-School Grad
5.2 sq mi
ZIP Area
2,624
Density / Sq Mi
$84,769
Median Household Income
$51,769
Median Earnings
$1,533
Median Rent
$478,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Triplex - Three furnished one-bedroom units with private courtyards, rear accessory buildings, and walkable access to the beach and nearby amenities.
Where is this triplex located?
The property is located at 315 Arthur Avenue Cocoa Beach, FL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Three 1‑bedroom/1‑bath units totaling 1,590 square feet; 0.1‑acre Cocoa Beach property built in 1958; One full kitchen and two partial kitchens
