Two-Unit Duplex with
New
For Sale
$339,000
337 N DIXIE AVENUE, Titusville, FL 32796
MULTI_FAMILY - TITUSVILLE, FL
Property Size2,614 SF
Price / SF$129.69
Days on Market2
Property Features for 337 N DIXIE AVENUE
General Information
Property type
Residential Multi Family
Property subtype
Single Family Attached
Elementary school
MIMS
Middle school
MADISON
High school
ASTRONAUT
Standard status
Active
Size
2,614 SF
Building Details
Year built
2018
Listing Agency:
Coldwell Banker Paradise - Satellite Beach · Coldwell Banker Real Estate
(321) 222-9449
Listed By:
Tami Leliuga-Shriver
Added: Aug 10
Last Checked: Aug 11 at 5:06PM
MLS# 871220
Copyright © 2026 Coldwell Banker Schmidt 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 2018-built duplex at 337 N Dixie Avenue in Titusville contains 2,614 square feet across two residences. Each unit offers 1,307 square feet with 3 bedrooms, 2 bathrooms, a spacious great-room layout, an interior laundry closet, and a large patio. Kitchens include granite countertops, pendant lighting, breakfast bars, stainless Frigidaire appliances, and pantries. Walk-in showers serve the primary bathrooms, while remote-entry 2-car garages and fenced backyards with pass-through access add practical functionality. Storm panels are included.
The property is near Parrish Hospital, downtown Titusville, the Indian River, and Playalinda Beach. Rails to Trails cycling paths are located just blocks away, providing additional nearby recreation and connectivity.
The property is near Parrish Hospital, downtown Titusville, the Indian River, and Playalinda Beach. Rails to Trails cycling paths are located just blocks away, providing additional nearby recreation and connectivity.
Key Highlights
- Two‑unit duplex totaling 2,614 SF
- Each residence measures 1,307 SF with 3 bedrooms and 2 bathrooms
- Built in 2018 to current building and storm codes
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
$29,769
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
8.78%
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%
$595,380
$595.4K
Cap Rate 7%
$425,271
$425.3K
Cap Rate 9%
$330,767
$330.8K
Market Conditions
NOI Build-Up for 2,614 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
$45.5K $17.40/SF
− Vacancy
−$3.0K −$1.13/SF
EGI
$42.5K $16.27/SF
− OpEx
−$12.8K −$4.88/SF
NOI
$29.8K $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%
$595,380
Cap Rate 7%
$425,271
Cap Rate 9%
$330,767
Alternative Uses
Best Use
Multifamily LT 5
$425.3K
$372.1K – $496.2K
NOI $29,769 @ 7.0% cap · market cap 8.78%
Second Best
Apartment 5plus
$382.3K
$334.5K – $446.0K
NOI $26,758 @ 7.0% cap · market cap 7.89%
Theoretical Best
Office A
$689.6K
$603.4K – $804.6K
NOI $48,275 @ 7.0% cap · market cap 14.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
671
Businesses Nearby
Explore this area
Business Placement
Demographics for 32796, FL
20,818
Population
9,670
Households
2.2
Avg Household Size
50
Median Age
28%
College-Educated
90%
High-School Grad
14.4 sq mi
ZIP Area
1,446
Density / Sq Mi
$67,399
Median Household Income
$40,368
Median Earnings
$1,305
Median Rent
$243,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - 2018-built duplex with open-concept interiors, fenced backyards, patios, and stainless-steel kitchen appliances.
Where is this duplex located?
The property is located at 337 N DIXIE AVENUE Titusville, 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: Two‑unit duplex totaling 2,614 SF; Each residence measures 1,307 SF with 3 bedrooms and 2 bathrooms; Built in 2018 to current building and storm codes
