Two-Unit
For Sale
$220,000
514 S GRANNIS Avenue, Titusville, FL 32796
Residential Income, TITUSVILLE, FL
Property Size1,298 SF
Lot Size0.18 Acres
Price / SF$169.49
Days on Market217
Property Features for 514 S GRANNIS Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
NC
Interior features
Eat-in Kitchen, Thermostat
Exterior features
Sidewalk
Subdivision
VACATED ALLEY/SOUTH
Lot features
Corner Lot
Directions
From US-1 in Titusville, head west on Garden Street (SR-406). Turn left onto S Grannis Ave. Property will be on the right at 514 S Grannis Ave.
Standard status
Active
APN
22 3504-01-60-1
Size
1,298 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SUBD OF E 1/2 OF NE 1/4 LOT 1 & E 25 FT OF LOT 2 BLK 60 & N 5 FT OF VAC ALLEY ON S
Tax Annual Amount
2751
Legal Description
SUBD OF E 1/2 OF NE 1/4 LOT 1 & E 25 FT OF LOT 2 BLK 60 & N 5 FT OF VAC ALLEY ON S
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1958
Number of units
2
Building materials
Cement Siding, Concrete, Frame
Roof type
Shingle
Listing Agency:
CHARLES RUTENBERG REALTY ORLANDO
(407) 622-2122
Listed By:
Victor Kosme Romualdo · License #3402279
(352) 206-1473
Added: Mar 4
Changed: Oct 6
Last Checked: Oct 7 at 12:06AM
MLS# O6387826
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 1,298-square-foot duplex at 514 S Grannis Avenue in Titusville contains two separate residences: one with two bedrooms and one bathroom, and another with one bedroom and one bathroom. Built in 1958, the property has central air, electric heat, and laundry hookups. The shingle roof was replaced in 2018, and the electrical system has been updated.
The 0.18-acre property is served by public water and sewer. Its NC zoning designation is also noted in the property information.
The 0.18-acre property is served by public water and sewer. Its NC zoning designation is also noted in the property information.
Key Highlights
- Two separate units: one 2‑bedroom, 1‑bath and one 1‑bedroom, 1‑bath
- 1,298 square feet on a 0.18‑acre lot
- Roof replaced in 2018; electrical updated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,782
Cap Rate
6.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$295,640
$295.6K
Cap Rate 7%
$211,171
$211.2K
Cap Rate 9%
$164,244
$164.2K
Market Conditions
NOI Build-Up for 1,298 SF
Gross rent
$22.6K $17.40/SF
− Vacancy
−$1.5K −$1.13/SF
EGI
$21.1K $16.27/SF
− OpEx
−$6.3K −$4.88/SF
NOI
$14.8K $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 Rate 5%
$295,640
Cap Rate 7%
$211,171
Cap Rate 9%
$164,244
Alternative Uses
Best Use
Multifamily LT 5
$211.2K
$184.8K – $246.4K
NOI $14,782 @ 7.0% cap · market cap 6.72%
Second Best
Apartment 5plus
$189.8K
$166.1K – $221.5K
NOI $13,287 @ 7.0% cap · market cap 6.04%
Theoretical Best
Office A
$342.4K
$299.6K – $399.5K
NOI $23,971 @ 7.0% cap · market cap 10.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,149
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
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Cap Rate, Value Estimation, Potential NOI and more
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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 - The property combines separate two-bedroom and one-bedroom residences, each with one bathroom.
Where is this duplex located?
The property is located at 514 S GRANNIS Avenue Titusville, FL.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Two separate units: one 2‑bedroom, 1‑bath and one 1‑bedroom, 1‑bath; 1,298 square feet on a 0.18‑acre lot; Roof replaced in 2018; electrical updated
