Concrete Block
For Sale
$349,000
420/422 ROCK PIT Road, Titusville, FL 32796
Residential Income, TITUSVILLE, FL
Property Size2,796 SF
Lot Size0.46 Acres
Price / SF$124.82
Days on Market10
Property Features for 420/422 ROCK PIT Road
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
R3
Bedrooms
7
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 5, Bathroom 5, Bedroom 7, Bedroom 4, Dining Room, Bedroom 6, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 2
Parking features
Driveway
Interior features
Built-in Features, Ceiling Fans(s), Living Room/Dining Room Combo
Exterior features
Sidewalk
Fireplace
1
Appliances
Range, Refrigerator
Subdivision
ACREAGE
Elementary school
Imperial Estates Elementary School
Middle school
Andrew Jackson Middle School
High school
Titusville High School
Directions
To drive from Marina Park to 420 Rock Pit Road, start by exiting the park and heading west on Marina Road toward the mainland. Turn left onto US-1 South (N Washington Ave) and continue for a short distance before turning right onto Garden Street (SR-406). Follow Garden Street west, then make a left turn onto N Singleton Avenue. From Singleton, turn right onto South Street, and finally, take a right onto Rock Pit Road. Your destination will be located on the left side of the road.
Standard status
Active
APN
22 3504-00-297
Size
2,796 SF
Lot size
0.46 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PART OF NE 1/4 OF SE 1/4 OF NW 1/4 AS DESC IN DB 332 PG 319
Tax Annual Amount
4359
Legal Description
PART OF NE 1/4 OF SE 1/4 OF NW 1/4 AS DESC IN DB 332 PG 319
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
central air
individual metering
Building Details
Year built
1955
Flooring type
Tile, Laminate
Building materials
Block, Brick, Frame
Roof type
Shingle
Listing Agency:
KELLER WILLIAMS REALTY AT THE PARKS
(407) 629-4420
Listed By:
Marc George
(407) 205-8858
Added: Aug 20
Changed: Aug 28
Last Checked: Aug 29 at 1:06PM
MLS# O6435265
Copyright © 2026 Stellar MLS. 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 four-unit residential income property includes a 3-bedroom/2-bathroom residence, a 2-bedroom/1-bathroom residence, a 1-bedroom/1-bathroom residence, and an efficiency. The concrete block building was constructed in 1955 and contains 2,796 square feet of heated living space. Central air, individual metering, tile and laminate flooring, ceiling fans, ranges, refrigerators, and driveway parking are among the existing features. The property also includes a fireplace, sidewalk, public water, and septic service.
Located at 420/422 Rock Pit Road in Titusville, the property occupies 0.46 acres and carries R3 zoning. South Park Plaza and Parkway Plaza are identified nearby, while Merritt Island National Wildlife Refuge and Canaveral National Seashore are within the surrounding area. Cable service is available, and the roof is shingle.
Located at 420/422 Rock Pit Road in Titusville, the property occupies 0.46 acres and carries R3 zoning. South Park Plaza and Parkway Plaza are identified nearby, while Merritt Island National Wildlife Refuge and Canaveral National Seashore are within the surrounding area. Cable service is available, and the roof is shingle.
Key Highlights
- Four‑unit configuration: 3‑bedroom/2‑bathroom, 2‑bedroom/1‑bathroom, 1‑bedroom/1‑bathroom, and efficiency units
- 2,796 square feet of heated living space on 0.46 acres
- Concrete block construction with 1955 year built
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
$31,842
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
9.12%
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%
$636,840
$636.8K
Cap Rate 7%
$454,886
$454.9K
Cap Rate 9%
$353,800
$353.8K
Market Conditions
NOI Build-Up for 2,796 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
$48.7K $17.40/SF
− Vacancy
−$3.2K −$1.13/SF
EGI
$45.5K $16.27/SF
− OpEx
−$13.6K −$4.88/SF
NOI
$31.8K $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%
$636,840
Cap Rate 7%
$454,886
Cap Rate 9%
$353,800
Alternative Uses
Best Use
Multifamily LT 5
$454.9K
$398.0K – $530.7K
NOI $31,842 @ 7.0% cap · market cap 9.12%
Second Best
Apartment 5plus
$408.9K
$357.8K – $477.0K
NOI $28,622 @ 7.0% cap · market cap 8.20%
Theoretical Best
Office A
$737.7K
$645.5K – $860.6K
NOI $51,637 @ 7.0% cap · market cap 14.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
589
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit property with central air, individual metering, and a flexible unit mix.
Where is this quadplex located?
The property is located at 420/422 ROCK PIT Road Titusville, FL.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Four‑unit configuration: 3‑bedroom/2‑bathroom, 2‑bedroom/1‑bathroom, 1‑bedroom/1‑bathroom, and efficiency units; 2,796 square feet of heated living space on 0.46 acres; Concrete block construction with 1955 year built
