6-Bedroom Multi-Family
For Sale
$399,000
546 Cooper Court, Palm Bay, FL 32908
MULTI_FAMILY - Palm Bay, FL
Property Size3,523 SF
Lot Size0.15 Acres
Price / SF$113.26
Days on Market97
Property Features for 546 Cooper Court
General Information
Property type
Residential Multi Family
Property subtype
Other
Subdivision
Bayridge
Elementary school
Westside
Middle school
Southwest
High school
Bayside
Directions
From I-95, take Exit 173 (Malabar Rd SW) and head west. Turn left onto Garvey Rd SW, then right onto Osmosis Dr SW. Continue to Garvey Ave SW, turn right onto Cooper Ct SW, and the home will be on your left.
Special listing conditions
In Foreclosure
Standard status
Active
APN
29-36-13-50-0000b.0-0078.00
Size
3,523 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BAYRIDGE SUBDIVISION LOT 78 BLK B
Tax Annual Amount
6565
HOA Fee
$75 Monthly
Legal Description
BAYRIDGE SUBDIVISION LOT 78 BLK B
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2022
Floors in Building
2
Building materials
Block, Stucco, Vinyl Siding
Listing Agency:
ZOOM Realty Group LLC
(954) 777-6336
Listed By:
Tatiana Valencia
(786) 257-9193
Added: May 26
Changed: Jul 10
Last Checked: Aug 30 at 10:06PM
MLS# 1078265
Copyright © 2026 Space Coast Association of Realtors. 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 6-bedroom multi-family property was built in 2022 and includes multiple large living areas, along with oversized walk-in closets. The layout is described as flexible, and it’s presented as a spacious option at 3,523 square feet of living space.
Located at 546 Cooper Court in Palm Bay, Florida (Brevard County), the property sits on an approximately 0.15-acre lot.
The home is being marketed for its newer construction and the opportunity to update select interior finishes, with the overall configuration intended to support residential use and income-focused occupancy.
Located at 546 Cooper Court in Palm Bay, Florida (Brevard County), the property sits on an approximately 0.15-acre lot.
The home is being marketed for its newer construction and the opportunity to update select interior finishes, with the overall configuration intended to support residential use and income-focused occupancy.
Key Highlights
- 6‑bedroom multi‑family property built in 2022
- Over 3,000 sq ft of living space with multiple large living areas
- Flexible layout suited to multi‑generational living or residential income use
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
$36,719
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
9.20%
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%
$734,380
$734.4K
Cap Rate 7%
$524,557
$524.6K
Cap Rate 9%
$407,989
$408.0K
Market Conditions
NOI Build-Up for 3,523 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
$71.0K $20.16/SF
− Vacancy
−$4.3K −$1.21/SF
EGI
$66.8K $18.95/SF
− OpEx
−$30.0K −$8.53/SF
NOI
$36.7K $10.42/SF
Area
Palm Bay, FL
Vacancy
6.00%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
45.00%
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%
$734,380
Cap Rate 7%
$524,557
Cap Rate 9%
$407,989
Alternative Uses
Best Use
Apartment 5plus
$524.6K
$459.0K – $612.0K
NOI $36,719 @ 7.0% cap · market cap 9.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$929.5K
$813.3K – $1.08M
NOI $65,063 @ 7.0% cap · market cap 16.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
50
Businesses Nearby
Explore this area
Business Placement
Demographics for 32908, FL
14,420
Population
5,140
Households
2.8
Avg Household Size
37
Median Age
21%
College-Educated
89%
High-School Grad
19.2 sq mi
ZIP Area
751
Density / Sq Mi
$66,589
Median Household Income
$40,503
Median Earnings
$1,822
Median Rent
$265,500
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?
Multifamily property - Built in 2022, this multi-family residence features multiple living areas and walk-in closets.
Where is this multifamily property located?
The property is located at 546 Cooper Court Palm Bay, FL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 6‑bedroom multi‑family property built in 2022; Over 3,000 sq ft of living space with multiple large living areas; Flexible layout suited to multi‑generational living or residential income use
