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    Merritt Island, FL
    Triplex

    Merritt Island, FL Triplexes for Sale

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    Melbourne, FL Rockledge, FL Malabar, FL
    Convertible Duplex with Triplex Layout
    Updated: Feb 29, 2024
    Convertible Duplex with Triplex Layout

    347 W Merritt Avenue, Merritt Island, FL 32953

    $389,000
    2,243 sqft · 0.38 AC lot
    Converted duplex with possibility to revert to original triplex configuration
    Triplex unit layout (per prior configuration): one 2‑bedroom/1‑bath unit and two 1‑bedroom/1‑bath units
    Block construction with 1957 year built and shingle roof
    Central heating plus cooling options including central air, electric, and window/wall unit(s) (varies by unit)
    Public utilities: public water and public sewer; cable available
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    This listing looks promising.

    Here's a quick look at some key insights for

    347 W Merritt Avenue, Merritt Island, FL 32953

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    • Est. Cap Rate

      6.6%
      Above avg (5.9%)

    • Est. NOI

      $26K
      Annual

    • Price @ 7% Cap

      $365K
      Suggested

    • Property Type

      Duplex
      Built 1957
    View Property Analytics
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Merritt Island, FL, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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    3,129 sqft · 0.09 AC lot

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    Orlando Triplex with Existing Leases
    Orlando Triplex with Existing Leases

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    1,782 sqft · 0.30 AC lot

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    Triplex With Enclosed Porch
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    Three-Unit Triplex With Gut Rehab
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    Merritt Island, FL Triplexes Market Trends and Statistics

    Explore 1 triplexes for sale in Merritt Island, FL on our real estate platform. These investment opportunities span a total of 2,243 square feet of properties for sale, with an estimated market value of $389,000.

    Sale prices for three-family homes in Merritt Island, FL start at $389,000, averaging $389,000, and reaching up to $389,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 1
    Triplexes 1

    Demographics Overview

    Population 46K
    Population Growth (5Y) +2.9%
    Median Household Income $90,907
    College Educated 37.7%

    Taxes & Financing

    Tax Rate (average for all types) 1.03%
    Property Tax per SF $25.97 per SF
    Tax Rate vs County Average 0.32 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Brevard County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Brevard County

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