Concrete Block Triplex With Private
For Sale
$848,000
Pending
335 N Brevard Ave, Cocoa Beach, FL 32931
Three well-maintained residences offer flexible rental configurations, dedicated outdoor areas, and convenient on-site parking.
Property Size2,288 SF
Days on Market143
Property Features for 335 N Brevard Ave
General Information
Standard status
Pending
Size
2,288 SF
Property subtype
Multi-Family
Building Details
Year Built
1961
Listing Agency:
Keller Williams Realty Brevard
Listed By:
Christine Lawhon · License #3267009
(321) 432-8359
Source:
Viewfloridabeachhouses
Added: May 27
Changed: Oct 1
Last Checked: Oct 14 at 11:44PM
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 Keller Williams Realty Brevard
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Investment Insights
Based on property information with market context.
This concrete block triplex contains three two-bedroom, one-bath units, each with washer/dryer hookups and a private fenced patio. The property includes seven on-site parking spaces and has no HOA. One residence was renovated in 2025 with a tiled shower, vanity, mirror, lighting, toilet, fresh interior paint, hurricane impact windows, and a new A/C system installed in 2026. The kitchens feature newer appliances.
Major property improvements include a 2022 roof, updated exterior paint, and replacement of cast iron plumbing with PVC to the sewer. The property is located within a short walk of the beach, restaurants, shopping, entertainment, and nightlife. Built in 1961, the triplex offers established multifamily improvements with individually configured units and private outdoor space.
Major property improvements include a 2022 roof, updated exterior paint, and replacement of cast iron plumbing with PVC to the sewer. The property is located within a short walk of the beach, restaurants, shopping, entertainment, and nightlife. Built in 1961, the triplex offers established multifamily improvements with individually configured units and private outdoor space.
Key Highlights
- Three 2‑bedroom, 1‑bath units with washer/dryer hookups
- Seven on‑site parking spaces and no HOA
- One unit renovated in 2025 with updated bathroom finishes and interior paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,056
Cap Rate
3.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$521,120
$521.1K
Cap Rate 7%
$372,229
$372.2K
Cap Rate 9%
$289,511
$289.5K
Market Conditions
NOI Build-Up for 2,288 SF
Gross rent
$39.8K $17.40/SF
− Vacancy
−$2.6K −$1.13/SF
EGI
$37.2K $16.27/SF
− OpEx
−$11.2K −$4.88/SF
NOI
$26.1K $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%
$521,120
Cap Rate 7%
$372,229
Cap Rate 9%
$289,511
Alternative Uses
Best Use
Multifamily LT 5
$372.2K
$325.7K – $434.3K
NOI $26,056 @ 7.0% cap · market cap 3.07%
Second Best
Apartment 5plus
$334.6K
$292.8K – $390.4K
NOI $23,421 @ 7.0% cap · market cap 2.76%
Theoretical Best
Office A
$603.6K
$528.2K – $704.3K
NOI $42,255 @ 7.0% cap · market cap 4.98%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
900
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three well-maintained residences offer flexible rental configurations, dedicated outdoor areas, and convenient on-site parking.
Where is this triplex located?
The property is located at 335 N Brevard Ave Cocoa Beach, FL.
What is the asking price?
The asking price for this property is $848,000.
What are key features of this property?
This property features: Three 2‑bedroom, 1‑bath units with washer/dryer hookups; Seven on‑site parking spaces and no HOA; One unit renovated in 2025 with updated bathroom finishes and interior paint
