Duplex with Impact
357 Keen Terrace #A&B, Sebastian, FL 32958
For Sale
$419,900
Concrete block construction includes two 2-bedroom, 1-bath units sharing a large backyard.
Property Size1,600 SF
Price / SF$262.44
Days on Market195
Property Features for 357 Keen Terrace #A&B
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Buildings
Construction
Listing Agency:
Treasure Coast Realty LLC
Listed By:
Tim Borden · License #3112919
(772) 388-0200
Source:
Mccoyfreeman
Added: Apr 29
Changed: Nov 8
Last Checked: Nov 8 at 8:27PM
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 Treasure Coast Realty LLC
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Investment Insights
Based on property information with market context.
This 1,600-square-foot concrete block duplex was built in 1982 and contains two 2-bedroom, 1-bath units. The property has a standing-seam metal roof and hurricane-impact windows. Unit B has wood-look tile flooring, a custom kitchen with wood cabinetry and granite countertops, a tiled shower, updated plumbing, water heaters and electrical fixtures, plus fresh interior and exterior paint.
Both residences share a large backyard. The duplex is in Sebastian Highlands, near a dog park, the riverfront, shopping and beaches.
Both residences share a large backyard. The duplex is in Sebastian Highlands, near a dog park, the riverfront, shopping and beaches.
Key Highlights
- Two 2‑bedroom, 1‑bath units
- 1,600‑square‑foot concrete block duplex built in 1982
- Standing‑seam metal roof and hurricane‑impact windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,475
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$369,500
$369.5K
Cap Rate 7%
$263,929
$263.9K
Cap Rate 9%
$205,278
$205.3K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$27.8K $17.40/SF
− Vacancy
−$1.4K −$0.90/SF
EGI
$26.4K $16.50/SF
− OpEx
−$7.9K −$4.95/SF
NOI
$18.5K $11.55/SF
Area
Indian River County, FL
Vacancy
5.20%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$369,500
Cap Rate 7%
$263,929
Cap Rate 9%
$205,278
Alternative Uses
Best Use
Multifamily LT 5
$263.9K
$230.9K – $307.9K
NOI $18,475 @ 7.0% cap · market cap 4.40%
Second Best
Apartment 5plus
$243.6K
$213.2K – $284.2K
NOI $17,054 @ 7.0% cap · market cap 4.06%
Theoretical Best
Specialty Retail
$350.9K
$307.0K – $409.4K
NOI $24,562 @ 7.0% cap · market cap 5.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
293
Businesses Nearby
Explore this area
Business Placement
Demographics for 32958, FL
28,619
Population
15,512
Households
1.8
Avg Household Size
58
Median Age
29%
College-Educated
92%
High-School Grad
27.9 sq mi
ZIP Area
1,026
Density / Sq Mi
$68,276
Median Household Income
$37,412
Median Earnings
$1,388
Median Rent
$279,100
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Indian River County, FL
Properties on Market for Duplexes in Indian River County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Concrete block construction includes two 2-bedroom, 1-bath units sharing a large backyard.
Where is this duplex located?
The property is located at 357 Keen Terrace #A&B Sebastian, FL.
What is the asking price?
The asking price for this property is $419,900.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units; 1,600‑square‑foot concrete block duplex built in 1982; Standing‑seam metal roof and hurricane‑impact windows
