Triplex With Separate
For Sale
$450,000
415 S Robbins Ave #A/B/C, Titusville, FL 32796
Three individually accessed units include updated kitchens, central air, and a studio layout.
Property Size1,888 SF
Price / SF$238.35
Days on Market18
Property Features for 415 S Robbins Ave #A/B/C
General Information
Standard status
Active
Size
1,888 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA, 1 x studio
Multifamily Units
3
Additional Details
Utilities to Site
Yes
Amenities
laundry room
Building Details
Year Built
1956
Listing Agency:
Keller Williams Space Coast
(321) 877-4800
Listed By:
Lynnette Hendricks · License #651304
(321) 877-4800
Source:
Floridaeastcoastrealestate
Added: Aug 12
Changed: Aug 27
Last Checked: Aug 29 at 8:53AM
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 Space Coast
Investment Insights
Based on property information with market context.
This 1,888-square-foot triplex contains three separately accessed units with a varied configuration: a three-bedroom residence, a two-bedroom residence, and a studio. The two larger units feature open living areas, tiled flooring, central air, updated kitchens with stainless steel appliances, and interior laundry hookups. The studio includes an updated bathroom and tiled floors. A newer roof was installed in 2025, and the property is served by city water and sewer.
Located in Titusville, the property provides access to nearby riverfront parks, beaches, fishing, restaurants, shopping, and the Kennedy Space Center. Orlando attractions and airports are also identified as accessible from the property, with major roadways nearby.
Located in Titusville, the property provides access to nearby riverfront parks, beaches, fishing, restaurants, shopping, and the Kennedy Space Center. Orlando attractions and airports are also identified as accessible from the property, with major roadways nearby.
Key Highlights
- Triplex totaling 1,888 SF with 3BR/1BA, 2BR/1BA, and studio units
- Separate entry for each unit
- Newer roof installed in 2025
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
$21,501
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
4.78%
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%
$430,020
$430.0K
Cap Rate 7%
$307,157
$307.2K
Cap Rate 9%
$238,900
$238.9K
Market Conditions
NOI Build-Up for 1,888 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
$32.9K $17.40/SF
− Vacancy
−$2.1K −$1.13/SF
EGI
$30.7K $16.27/SF
− OpEx
−$9.2K −$4.88/SF
NOI
$21.5K $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%
$430,020
Cap Rate 7%
$307,157
Cap Rate 9%
$238,900
Alternative Uses
Best Use
Multifamily LT 5
$307.2K
$268.8K – $358.4K
NOI $21,501 @ 7.0% cap · market cap 4.78%
Second Best
Apartment 5plus
$276.1K
$241.6K – $322.1K
NOI $19,327 @ 7.0% cap · market cap 4.29%
Theoretical Best
Office A
$498.1K
$435.9K – $581.1K
NOI $34,868 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,201
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?
Triplex - Three individually accessed units include updated kitchens, central air, and a studio layout.
Where is this triplex located?
The property is located at 415 S Robbins Ave #A/B/C Titusville, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Triplex totaling 1,888 SF with 3BR/1BA, 2BR/1BA, and studio units; Separate entry for each unit; Newer roof installed in 2025
