Beachside Duplex with
For Sale
$539,900
Pending
574 Grant Ave Unit 574-576, Satellite Beach, FL 32937
Concrete-block income property with two residences, private garages, and a quarter-acre lot near schools, shopping, dining, and the beach.
Property Size1,824 SF
Lot Size0.25 Acres
Days on Market99
Property Features for 574 Grant Ave Unit 574-576
General Information
Standard status
Pending
Size
1,824 SF
Total Parking Spaces
2
Lot size
0.25 Acres
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1966
Buildings
1
Construction
concrete block
Listing Agency:
C. Apollo Realty Inc
(321) 784-9602
Listed By:
Rebecca L Sparks · License #611940
Source:
Viewfloridabeachhouses
Added: May 24
Changed: Aug 29
Last Checked: Aug 29 at 2:30PM
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 C. Apollo Realty Inc
Investment Insights
Based on property information with market context.
This 1,824-square-foot duplex contains two separate two-bedroom, one-bath units, each with a private one-car garage. Built in 1966 with concrete-block construction, the property offers a straightforward multifamily configuration on an oversized quarter-acre lot.
The property is near schools, a recreation center, shopping, dining, and the beach. Its two-unit layout supports rental income from both residences or owner occupancy in one unit while the other is rented.
The property is near schools, a recreation center, shopping, dining, and the beach. Its two-unit layout supports rental income from both residences or owner occupancy in one unit while the other is rented.
Key Highlights
- Two‑unit duplex with two 2‑bedroom, 1‑bath residences
- Each unit includes a private one‑car garage
- 1,824 square feet on an oversized quarter‑acre lot
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
$20,772
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
3.85%
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%
$415,440
$415.4K
Cap Rate 7%
$296,743
$296.7K
Cap Rate 9%
$230,800
$230.8K
Market Conditions
NOI Build-Up for 1,824 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
$31.7K $17.40/SF
− Vacancy
−$2.1K −$1.13/SF
EGI
$29.7K $16.27/SF
− OpEx
−$8.9K −$4.88/SF
NOI
$20.8K $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%
$415,440
Cap Rate 7%
$296,743
Cap Rate 9%
$230,800
Alternative Uses
Best Use
Multifamily LT 5
$296.7K
$259.7K – $346.2K
NOI $20,772 @ 7.0% cap · market cap 3.85%
Second Best
Apartment 5plus
$266.7K
$233.4K – $311.2K
NOI $18,672 @ 7.0% cap · market cap 3.46%
Theoretical Best
Office A
$481.2K
$421.1K – $561.4K
NOI $33,686 @ 7.0% cap · market cap 6.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
695
Businesses Nearby
Explore this area
Business Placement
Demographics for 32937, FL
27,306
Population
13,619
Households
2
Avg Household Size
50
Median Age
53%
College-Educated
99%
High-School Grad
6.8 sq mi
ZIP Area
4,016
Density / Sq Mi
$98,411
Median Household Income
$55,420
Median Earnings
$1,718
Median Rent
$421,300
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?
Duplex - Concrete-block income property with two residences, private garages, and a quarter-acre lot near schools, shopping, dining, and the beach.
Where is this duplex located?
The property is located at 574 Grant Ave Unit 574-576 Satellite Beach, FL.
What is the asking price?
The asking price for this property is $539,900.
What are key features of this property?
This property features: Two‑unit duplex with two 2‑bedroom, 1‑bath residences; Each unit includes a private one‑car garage; 1,824 square feet on an oversized quarter‑acre lot
