Updated Two-Unit
For Sale
$349,900
329 Pineda Street, Cocoa, FL 32922
The two residences have separate bedroom and bath configurations, refreshed kitchens, and newer flooring.
Property Size1,015 SF
Price / SF$344.73
Days on Market173
Property Features for 329 Pineda Street
General Information
Standard status
Active
Size
1,015 SF
Property subtype
Duplex
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Building Details
Year Built
1956
Buildings
1
Listing Agency:
Compass Florida, LLC
(321) 214-8400
Listed By:
Bobby Freeman · License #3076980
(321) 693-1694
Source:
Mccoyfreeman
Added: May 12
Changed: Oct 29
Last Checked: Oct 29 at 2:40PM
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 Compass Florida, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,015-square-foot duplex, built in 1956, contains two residences: one with 2 bedrooms and 1 bathroom, and another with 1 bedroom and 1 bathroom. Both units have updated kitchens and newer flooring. The property has operated as a short-term rental, and the site includes front parking and mature mango and citrus trees.
Multi-unit zoning allows for up to 9 units. The property is in Cocoa, near Port Canaveral, historic downtown Cocoa, the beach, and the Space Center.
Multi-unit zoning allows for up to 9 units. The property is in Cocoa, near Port Canaveral, historic downtown Cocoa, the beach, and the Space Center.
Key Highlights
- Two residences: one 2‑bedroom/1‑bath unit and one 1‑bedroom/1‑bath unit
- 1,015‑square‑foot duplex built in 1956
- Multi‑unit zoning allows up to 9 units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,559
Cap Rate
3.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$231,180
$231.2K
Cap Rate 7%
$165,129
$165.1K
Cap Rate 9%
$128,433
$128.4K
Market Conditions
NOI Build-Up for 1,015 SF
Gross rent
$17.7K $17.40/SF
− Vacancy
−$1.1K −$1.13/SF
EGI
$16.5K $16.27/SF
− OpEx
−$5.0K −$4.88/SF
NOI
$11.6K $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%
$231,180
Cap Rate 7%
$165,129
Cap Rate 9%
$128,433
Alternative Uses
Best Use
Multifamily LT 5
$165.1K
$144.5K – $192.7K
NOI $11,559 @ 7.0% cap · market cap 3.30%
Second Best
Apartment 5plus
$148.4K
$129.9K – $173.2K
NOI $10,390 @ 7.0% cap · market cap 2.97%
Theoretical Best
Office A
$267.8K
$234.3K – $312.4K
NOI $18,745 @ 7.0% cap · market cap 5.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
709
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
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
Frequently Asked Questions
What type of property is this?
Duplex - The two residences have separate bedroom and bath configurations, refreshed kitchens, and newer flooring.
Where is this duplex located?
The property is located at 329 Pineda Street Cocoa, FL.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Two residences: one 2‑bedroom/1‑bath unit and one 1‑bedroom/1‑bath unit; 1,015‑square‑foot duplex built in 1956; Multi‑unit zoning allows up to 9 units
