Duplex with RV
New
For Sale
$705,000
411 Dove Ave #101, Rockledge, FL 32955
Residential mixed-use duplex with rental income, dedicated living spaces, laundry, oversized garages, and substantial storage.
Property Size1,840 SF
Price / SF$383.15
Days on Market3
Property Features for 411 Dove Ave #101
General Information
Standard status
Active
Size
1,840 SF
Property subtype
Multi-Family
Building Details
Year Built
2014
Listing Agency:
Blue Marlin Real Estate
Listed By:
Lynnette Hendricks · License #651304
(321) 877-4800
Source:
Floridaeastcoastrealestate
Added: Sep 19
Changed: Sep 20
Last Checked: Sep 20 at 8:56AM
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 Blue Marlin Real Estate
Investment Insights
Based on property information with market context.
Built in 2014, this 1,840-square-foot duplex contains two matching 1-bedroom, 1-bathroom units. Each residence includes a full kitchen, living area, laundry, oversized RV garage, and substantial storage. One garage has air conditioning. Construction features insulated CBS walls and fire-rated doors and walls, while a new roof adds a recent building improvement.
The property is zoned Residential Mixed Use, allowing residential occupancy and qualifying commercial uses. A large paver area provides 4 additional parking spaces. Located at 411 Dove Ave #101 in Rockledge, the property offers access to I-95, Barton Blvd, and US-1. It is currently income producing and includes space suitable for an owner-user, investor, or business operator, subject to applicable zoning and use requirements.
The property is zoned Residential Mixed Use, allowing residential occupancy and qualifying commercial uses. A large paver area provides 4 additional parking spaces. Located at 411 Dove Ave #101 in Rockledge, the property offers access to I-95, Barton Blvd, and US-1. It is currently income producing and includes space suitable for an owner-user, investor, or business operator, subject to applicable zoning and use requirements.
Key Highlights
- Two identical 1BR/1BA units with full kitchens, living areas, and laundry
- 1,840 SF duplex built in 2014
- Oversized RV garages and substantial storage for both units
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
$21,349
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
3.03%
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%
$426,980
$427.0K
Cap Rate 7%
$304,986
$305.0K
Cap Rate 9%
$237,211
$237.2K
Market Conditions
NOI Build-Up for 1,840 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
$37.5K $20.40/SF
− Vacancy
−$3.4K −$1.84/SF
EGI
$34.2K $18.56/SF
− OpEx
−$12.8K −$6.96/SF
NOI
$21.3K $11.60/SF
Area
Brevard County, FL
Vacancy
9.00%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
37.50%
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%
$426,980
Cap Rate 7%
$304,986
Cap Rate 9%
$237,211
Alternative Uses
Best Use
Mixed Use
$305.0K
$266.9K – $355.8K
NOI $21,349 @ 7.0% cap · market cap 3.03%
Second Best
Multifamily LT 5
$299.3K
$261.9K – $349.2K
NOI $20,954 @ 7.0% cap · market cap 2.97%
Theoretical Best
Office A
$485.4K
$424.8K – $566.4K
NOI $33,981 @ 7.0% cap · market cap 4.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
Explore this area
Business Placement
Demographics for 32955, FL
40,275
Population
19,281
Households
2.1
Avg Household Size
46
Median Age
38%
College-Educated
94%
High-School Grad
50.9 sq mi
ZIP Area
791
Density / Sq Mi
$85,133
Median Household Income
$43,574
Median Earnings
$1,656
Median Rent
$327,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Residential mixed-use duplex with rental income, dedicated living spaces, laundry, oversized garages, and substantial storage.
Where is this duplex located?
The property is located at 411 Dove Ave #101 Rockledge, FL.
What is the asking price?
The asking price for this property is $705,000.
What are key features of this property?
This property features: Two identical 1BR/1BA units with full kitchens, living areas, and laundry; 1,840 SF duplex built in 2014; Oversized RV garages and substantial storage for both units
