Melbourne FL Multi Family for Sale
$675,000
1851 Croton Road Melbourne, FL 32935
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 8
- Lot size:
- 0.38 Acres
- Year built:
- 1975
- Baths:
- 4.00
- MLS#:
- 1030165
- Subdivision:
- Carlton Stewart Gds Replat Blk A
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Courtesy: RE/MAX Aerospace Realty
321-631-5511
ADDITIONAL INFORMATION
Income potential...Two whole duplexes (4 units in all) on one lot, with each duplex containg two 2 bed 1 bath units. Each unit has it's own water and electric meter and central air and heat. 2 parlking spaces per unit in front as well as a large storage shed on property for owner to use as needed.
$1,900,000
89 NW Irwin Avenue Melbourne, FL 32904
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 8
- Lot size:
- 0.58 Acres
- Year built:
- 1973
- Baths:
- 8.00
- MLS#:
- 1028572
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Courtesy: Florida Homes Rlty. & Mtg. LLC
904-996-9115
ADDITIONAL INFORMATION
11 Units For Sale! This exceptional investment opportunity includes 89, 87, and 85 NW Irwin Avenue—a fully renovated, fully occupied complex generating $15,350 monthly in rental income, with the potential to increase rents to $17,000 monthly immediately, as 9 out of 11 tenants are on month-to-month leases. Listed at $1,955,000, the property currently yields an annual income of $184,200, which equates to approximately 9.42%. With increased rents, this could rise to $204,000 annually, or about 10.44%. The complex consists of an 8-unit apartment building at 89 NW Irwin, with each unit featuring 1 bedroom and 1 bathroom; a single-family home at 87 NW Irwin, offering 3 bedrooms and 2 bathrooms; and a duplex at 85 NW Irwin, with each unit providing 2 bedrooms and 1 bathroom. With solid current returns and the flexibility for immediate rental growth, this property presents an ideal addition to any investment portfolio.
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 4
- Lot size:
- 0.32 Acres
- Year built:
- 1925
- Baths:
- 4.00
- MLS#:
- 1027921
- Subdivision:
- Indian River Bluff Amended Plat No 2
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Courtesy: RE/MAX Aerospace Realty
321-631-5511
ADDITIONAL INFORMATION
Charming, historic building on .32 acre lot with lots of trees. Fully-rented quadplex in convenient Melbourne location close to Indian River. Each unit is 1-bedroom, 1-bath and all tenants rent on month-to-month basis. Owner appreciates great, long-term tenants so they're paying under-market rent. Rolled membrane roof 2020. Each unit has its own electric meter and central AC system. 1 water meter, and owner pays. 4 parking spaces in front and ample parking in rear lot. Primary front doors in front; each unit also has rear access. Unique, interesting building with great income potential. Convenient to beaches, I-95, Patrick Space Force Base, shopping, and dining. Don't miss it!
- Type:
- Fourplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1926
- Baths:
- MLS#:
- O6242336
- Subdivision:
- Camps Plat Of Melbourne
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Courtesy: PINEAPPLE PLACE REALTY, LLC
407-497-8563
Andrea Aylett-Hosch
ADDITIONAL INFORMATION
PRICE IMPROVEMENT! TURN-KEY vacation rental investment opportunity 2 blocks from Historic Downtown. Operated as a professionally managed STR since 2018, the Lincoln Guest House has broad appeal to vacationers, students and professionals. This Spanish Colonial quadraplex apartment offers four one-bedroom/one-bath apartments metered separately. The units are fully furnished and thoughtfully decorated with a mix of modern aesthetic and old-Florida charm. The quad is within walking distance of restaurants, bars, shops with Indialantic beaches just over the causeway and easy access to US1 and A1A. Established STR operation with high occupancy currently listed on Airbnb, VRBO, direct website and mid-term channels. Professionally managed, property has a long income history, streamlined operations and software stack to optimize occupancy and rates. This is a great passive investment opportunity, turnkey self-managed STR or 1031 exchange. Professional management with Superhost status can continue. Improvements: new roof installed 2023 and 4 high-efficiency ductless AC systems also installed in 2023. Flexible C1 mixed-use zoning. Gross income of $110,000 (3 yr avg) with very high occupancy and steady income.
$319,000
Sarno Road Melbourne, FL 32935
- Type:
- Duplex
- Sq.Ft.:
- 1,616
- Status:
- Active
- Beds:
- 4
- Lot size:
- 0.11 Acres
- Year built:
- 1979
- Baths:
- MLS#:
- 1025032
View additional info
Courtesy: Barrier Island Properties
321-461-7126
ADDITIONAL INFORMATION
MAJOR PRICE REDUCTION! Freshly painted & turn key! Cozy and bright fully furnished duplex ready for you to move in! Live in one & rent out the other! Each side of the duplex is a 2 Bedroom, 1 Bath. Freshly painted exterior, brand new windows, back doors, water heater, and freshly painted interior! Each unit is 808 sq ft and has its own laundry room. Separate electric and water meters. Plenty of parking. Close to beaches, intercostal and easy access to 95 & the airport. Downtown Eau Gallie is just a short walk with lots of restaurants and shops! Schedule your showing today!
- Type:
- Duplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 6
- Lot size:
- 0.31 Acres
- Year built:
- 1985
- Baths:
- 4.00
- MLS#:
- 2042137
- Subdivision:
- Crystal Lake Heights
ADDITIONAL INFORMATION
5283-5285 Palmetto Dr. LOCATION LOCATION LOCATION!! Charming tropical DUPLEX within walking distance of beautiful Melbourne Beach on over half an acre.
- Type:
- Duplex
- Sq.Ft.:
- 1,356
- Status:
- Active
- Beds:
- 2
- Lot size:
- 0.14 Acres
- Year built:
- 1939
- Baths:
- MLS#:
- 1017903
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Courtesy: RE/MAX Alternative Realty
321-777-4111
ADDITIONAL INFORMATION
AMAZING OPPORTUNITY TO OWN A REDONE DUPLEX IN DOWNTOWN MELBOURNE ON THE AVENUE!! This FULLY FURNISHED stylish duplex comes completely furnished with all artwork, linens and more. With the modern industrial design makes for the perfect Downtown retreat. This is a high income producing investments $46,800 gross and NET appx $36,000 a YEAR. PLUS, SO MUCH REDVELOP POTINEIAL, ZONING ALLOWS UP TO UNITS 14 UNITS ON THIS LOT!! BEST ZONING IN BREVARD COUNTY. OWNER FINANCING AVALIBLE WITH 50% DOWN.. DO NOT DISTURB TENANTS!! DO NOT PULL INTO PROPERTY WITHOUT TALKING TO AGENT. DO NOT GO ONTO PROPERTY! DRIVE BY ONLY!!
$1,790,000
Pineapple Avenue Melbourne, FL 32935
- Type:
- Other
- Sq.Ft.:
- 8,971
- Status:
- Active
- Beds:
- 6
- Lot size:
- 0.4 Acres
- Year built:
- 1925
- Baths:
- MLS#:
- 1016048
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Courtesy: David Curri Real Estate Group
321-604-3403
ADDITIONAL INFORMATION
This is a rare opportunity to own 11 units in the sought-after Eau Gallie Arts District at the Libbyan Apartments.Built in 1925/1964, this historic property has been completely renovated, preserving its old-world charm while modernizing its amenities.Six of the 11 units have been fully updated, offering an excellent opportunity for a new owner to renovate the remaining five units and increase rents. The property requires minimal maintenance, featuring artificial grass throughout the grounds.The unit mix is highly attractive, consisting of six one-bedroom, one-bath units,two studios, and three two-bedroom, one-bath units.Currently, the property generates a gross income of $170,460, with one unit vacant. Significant upgrades have already been completed to the property (see list). This is your chance to capitalize on a unique investment in a vibrant, up-and-coming area. Don't miss out on owning a fantastic asset with both historical significance and modern comforts.
$2,200,000
E New Haven Avenue Melbourne, FL 32901
- Type:
- Other
- Sq.Ft.:
- 8,607
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.15 Acres
- Year built:
- 1920
- Baths:
- MLS#:
- 1001219
- Subdivision:
- Camps Plat Of Melbourne
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Courtesy: The Ullian Realty Corporation
321-729-9900
ADDITIONAL INFORMATION
Excellent opportunity to purchase a 5-unit mixed-use building in the heart of Downtown Melbourne! 911-919 New Haven has 2 commercial units + 2 residential units. 1st Floor = 1,548 SF Ice Cream Store + 2,169 SF Gift Shop. 2nd Floor = one 3/1 apartment + one 3/2 apartment. 2016 Melbourne Court is an 864 SF coffee shop. Est. proforma NOI is $142,200 (6.5% CAP). High foot traffic area with exposure to est. 15,000 VPD on New Haven Avenue. C3 Zoning allows Office, Retail, Short Term Rentals, Restaurants & more! Close proximity to Hotel Melby, Highline Apartments, and all of the other beaches, restaurants, and shopping that the area has to offer. Melbourne International Airport is less than a 10-minute drive away which is significant as TUI Airlines flies est. 156,000 tourists to Melbourne annually. Call today for a tour!
- Type:
- Duplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1952
- Baths:
- MLS#:
- A11483305
- Subdivision:
- Magnolia Park Plat NO 2
ADDITIONAL INFORMATION
Discover an incredible opportunity with this prime property! Located at 1912 Glendon Drive, this spacious lot not only boasts a fantastic residential location but also holds the potential for a variety of businesses. Potential Zoning: R-P, C-1A, and C-2. This property is your gateway to financial opportunities. With its unique zoning, it offers the flexibility to serve as a lucrative rental income producer, or as a versatile commercial. Don't miss out on this exceptional opportunity to turn this property into a successful venture. Contact us today!
$599,900
406 Bluff Drive Melbourne, FL 32901
- Type:
- Other
- Sq.Ft.:
- 3,324
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.57 Acres
- Year built:
- 1925
- Baths:
- MLS#:
- 952632
View additional info
Courtesy: Real Estate Solutions Brevard
321-610-1550
ADDITIONAL INFORMATION
This property is over 1/2 an acre, just 2 blocks from the Indian River Lagoon, and is located between the Historic Downtown Eau Gallie & Downtown Melbourne. This property is zoned for 6 units. The frontage is currently a historic Quadplex building with an attached apartment and additional apartment. Additionally, a 6-car detached garage. There are 5 kitchens, 4 fireplaces and 6-carports.All units need to be refurbished. New roof 2024 on the front quadplex and apartment. The large lot recently cleared of all trees & shrubs. 6 units with additional income possibilities from 6 garage units. This home is grandfathered in with multiple benefits (i.e. multiple living,city water/sewer,well). This historic home could be turned into a beautiful Airbnb or Bed & Breakfast with large apartments. A Jimmy Buffett- themed riverfront hotel-marina resort & a 55-acre Lagoona Beach Lagoon & shopping center coming soon.Estimate of $300K for complete refurbish for move-in ready units Great ROI opportunity
Andrea Conner, License #BK3437731, Xome Inc., License #1043756, [email protected], 844-400-9663, 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) Program of the Space Coast Association of REALTORS®, Inc. Real estate listings held by brokerage firms other than the owner of this site are marked with the Space Coast Association of REALTORS®, Inc. logo and detailed information about them includes the name of the listing brokers. Copyright 2024 Space Coast Association of REALTORS®, Inc. All rights reserved.
Andrea Conner, License #BK3437731, Xome Inc., License #1043756, [email protected], 844-400-9663, 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067
The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. © 2024 MIAMI Association of REALTORS®, all rights reserved.
Melbourne Real Estate
The median home value in Melbourne, FL is $423,531. This is higher than the county median home value of $357,500. The national median home value is $338,100. The average price of homes sold in Melbourne, FL is $423,531. Approximately 51.2% of Melbourne homes are owned, compared to 35.78% rented, while 13.02% are vacant. Melbourne real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Melbourne real estate agent to arrange a tour today!
Melbourne, Florida has a population of 83,500. Melbourne is more family-centric than the surrounding county with 24.42% of the households containing married families with children. The county average for households married with children is 24.34%.
The median household income in Melbourne, Florida is $55,543. The median household income for the surrounding county is $63,632 compared to the national median of $69,021. The median age of people living in Melbourne is 42.4 years.
Melbourne Weather
The average high temperature in July is 90.7 degrees, with an average low temperature in January of 48.9 degrees. The average rainfall is approximately 53.5 inches per year, with 0 inches of snow per year.