Two-Unit Duplex with Fenced
509 S ROBBINS AVENUE Titusville, FL 32796
509 S ROBBINS AVENUE, Titusville, FL, 32796
$275,000
Pending
For Sale
$275,000
Pending
Duplex with two 2-bedroom, 1-bath units, fenced yard, and off-street parking.
Property Size1,632 SF
Days on Market442
Property Features for 509 S ROBBINS AVENUE
General Information
- Standard status
- Pending
- Size
- 1,632 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1964
Listing agency
HUGHES HOMES REALTY
(407) 557-8775
Listed by
Nicola Hughes · License #3036276
(407) 557-8775
Source
Exitrealty
Added: May 7, 2025 Updated: Jul 21 at 6:36PM Checked: Jul 22 at 5:52AM
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 HUGHES HOMES REALTY
Investment Insights
Based on property information with market context.
This duplex offers two separate units, each featuring 2 bedrooms and 1 bathroom. The property includes a generously sized fenced yard and off-street parking, providing dedicated outdoor space and practical everyday convenience.
Separate utility meters are in place for the units, supporting independent utility management. The property is described as centrally located in Titusville, with access to shopping, schools, parks, and major roadways.
For buyers seeking a residential income structure or a live-in arrangement with an additional unit, the configuration provides two well-defined homes within a single property and a shared exterior yard setting.
Separate utility meters are in place for the units, supporting independent utility management. The property is described as centrally located in Titusville, with access to shopping, schools, parks, and major roadways.
For buyers seeking a residential income structure or a live-in arrangement with an additional unit, the configuration provides two well-defined homes within a single property and a shared exterior yard setting.
Key Highlights
- Duplex built in 1964 with two units
- Each unit features 2 bedrooms and 1 bathroom
- Generously sized fenced yard for privacy and outdoor use
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.4k | $17.40 |
| − Vacancy | −$1.8k | −$1.13 |
| EGI | $26.6k | $16.27 |
| − OpEx | −$8.0k | −$4.88 |
| NOI | $18.6k | $11.39 |
1,632 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$265.5K
$232.3K – $309.8K
NOI $18,586 @ 7.0% cap · market cap 6.76%
Second Best
Apartment 5plus
$238.7K
$208.8K – $278.4K
NOI $16,706 @ 7.0% cap · market cap 6.07%
Theoretical Best
Office A
$430.6K
$376.8K – $502.3K
NOI $30,140 @ 7.0% cap · market cap 10.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex with two 2-bedroom, 1-bath units, fenced yard, and off-street parking.
Where is this duplex located?
The property is located at 509 S ROBBINS AVENUE Titusville, FL.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Duplex built in 1964 with two units; Each unit features 2 bedrooms and 1 bathroom; Generously sized fenced yard for privacy and outdoor use
