Duplex with Private
For Sale
$385,000
7554 Magnolia Ave, Cape Canaveral, FL 32920
Two one-bedroom residences offer flexible occupancy, rental, or owner-use configuration near the ocean.
Property Size1,008 SF
Price / SF$381.94
Days on Market55
Property Features for 7554 Magnolia Ave
General Information
Standard status
Active
Size
1,008 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
improvements needed for rear bedroom egress compliance
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$36,000
Building Details
Year Built
1955
Buildings
1
Listing Agency:
Lpt Realty, LLC
Listed By:
Lynnette Hendricks · License #651304
(321) 877-4800
Source:
Floridaeastcoastrealestate
Added: Aug 22
Changed: Oct 15
Last Checked: Oct 14 at 10:40PM
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 Lpt Realty, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Cape Canaveral duplex contains two 1 bed / 1 bath units within 1,008 square feet. Both residences feature LVP flooring, while the second unit includes an updated kitchen. Each unit has a privacy-fenced back patio that adds outdoor living and storage space, and the property includes a private yard with no HOA. The roof was replaced in 2023, and the AC units are under 3 years old.
Located at 7554 Magnolia Ave, the property is minutes from the ocean. Rear bedroom egress improvements are needed for potential short-term rental use, and buyers should verify zoning, licensing, and feasibility for their intended operation.
Located at 7554 Magnolia Ave, the property is minutes from the ocean. Rear bedroom egress improvements are needed for potential short-term rental use, and buyers should verify zoning, licensing, and feasibility for their intended operation.
Key Highlights
- Two 1 bed / 1 bath units in 1,008 square feet
- Cape Canaveral address at 7554 Magnolia Ave, Cape Canaveral, FL 32920
- Roof replaced in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,479
Cap Rate
2.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$229,580
$229.6K
Cap Rate 7%
$163,986
$164.0K
Cap Rate 9%
$127,544
$127.5K
Market Conditions
NOI Build-Up for 1,008 SF
Gross rent
$17.5K $17.40/SF
− Vacancy
−$1.1K −$1.13/SF
EGI
$16.4K $16.27/SF
− OpEx
−$4.9K −$4.88/SF
NOI
$11.5K $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%
$229,580
Cap Rate 7%
$163,986
Cap Rate 9%
$127,544
Alternative Uses
Best Use
Multifamily LT 5
$164.0K
$143.5K – $191.3K
NOI $11,479 @ 7.0% cap · market cap 2.98%
Second Best
Apartment 5plus
$147.4K
$129.0K – $172.0K
NOI $10,318 @ 7.0% cap · market cap 2.68%
Theoretical Best
Office A
$265.9K
$232.7K – $310.3K
NOI $18,616 @ 7.0% cap · market cap 4.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
726
Businesses Nearby
Explore this area
Business Placement
Demographics for 32920, FL
9,984
Population
8,872
Households
1.1
Avg Household Size
58
Median Age
39%
College-Educated
96%
High-School Grad
24.8 sq mi
ZIP Area
403
Density / Sq Mi
$70,734
Median Household Income
$41,264
Median Earnings
$1,161
Median Rent
$323,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two one-bedroom residences offer flexible occupancy, rental, or owner-use configuration near the ocean.
Where is this duplex located?
The property is located at 7554 Magnolia Ave Cape Canaveral, FL.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Two 1 bed / 1 bath units in 1,008 square feet; Cape Canaveral address at 7554 Magnolia Ave, Cape Canaveral, FL 32920; Roof replaced in 2023
