Three-Unit Residential
For Sale
$339,000
317 Pineda Street #A-c, Cocoa, FL 32922
Yearly tenant leases span a detached house and a separate duplex with varied unit sizes.
Property Size2,202 SF
Lot Size0.68 Acres
Price / SF$153.95
Days on Market29
Property Features for 317 Pineda Street #A-c
General Information
Standard status
Active
Size
2,202 SF
Lot size
0.68 Acres
Property subtype
Residential Income
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$4,183
Building Details
Building Size
2,202 SF
Year Built
1930
Buildings
2
Stories
1
Units
3
Listing Agency:
Iron Valley R.E.Space Coast
(321) 305-4242
Listed By:
Cherie L Gottshall · License #3486989
(321) 505-4562
Source:
Imperviousrealestate
Added: Sep 30
Changed: Oct 27
Last Checked: Oct 27 at 4:08AM
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 Iron Valley R.E.Space Coast
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Investment Insights
Based on property information with market context.
This 2,202-square-foot residential income property in Cocoa includes a detached 3-bedroom, 1-bathroom home and a duplex with 2-bedroom, 1-bathroom and 1-bedroom, 1-bathroom units. The property was built in 1930, and all three units are occupied under yearly leases.
The site covers approximately 0.68 acre, with outdoor space and on-site parking. Multifamily zoning is reported; any additional dwelling units would require appropriate approvals, and buyers should verify zoning, density, setbacks, septic, utilities, and other requirements with Brevard County.
The site covers approximately 0.68 acre, with outdoor space and on-site parking. Multifamily zoning is reported; any additional dwelling units would require appropriate approvals, and buyers should verify zoning, density, setbacks, septic, utilities, and other requirements with Brevard County.
Key Highlights
- Three rental units: detached 3BR/1BA home plus duplex units of 2BR/1BA and 1BR/1BA
- All tenants have yearly leases
- 2,202 square feet on approximately .68 acre
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,077
Cap Rate
7.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$501,540
$501.5K
Cap Rate 7%
$358,243
$358.2K
Cap Rate 9%
$278,633
$278.6K
Market Conditions
NOI Build-Up for 2,202 SF
Gross rent
$38.3K $17.40/SF
− Vacancy
−$2.5K −$1.13/SF
EGI
$35.8K $16.27/SF
− OpEx
−$10.7K −$4.88/SF
NOI
$25.1K $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 Rate 5%
$501,540
Cap Rate 7%
$358,243
Cap Rate 9%
$278,633
Alternative Uses
Best Use
Multifamily LT 5
$358.2K
$313.5K – $418.0K
NOI $25,077 @ 7.0% cap · market cap 7.40%
Second Best
Apartment 5plus
$322.0K
$281.8K – $375.7K
NOI $22,541 @ 7.0% cap · market cap 6.65%
Theoretical Best
Office A
$581.0K
$508.3K – $677.8K
NOI $40,667 @ 7.0% cap · market cap 12.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
679
Businesses Nearby
Explore this area
Business Placement
Demographics for 32922, FL
15,923
Population
8,667
Households
1.8
Avg Household Size
40
Median Age
19%
College-Educated
89%
High-School Grad
5.4 sq mi
ZIP Area
2,949
Density / Sq Mi
$46,138
Median Household Income
$35,125
Median Earnings
$1,057
Median Rent
$176,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Residential income property - Yearly tenant leases span a detached house and a separate duplex with varied unit sizes.
Where is this residential income property located?
The property is located at 317 Pineda Street #A-c Cocoa, FL.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: Three rental units: detached 3BR/1BA home plus duplex units of 2BR/1BA and 1BR/1BA; All tenants have yearly leases; 2,202 square feet on approximately .68 acre
