Properties

Save
Ask
Tour
Hide
Share
$1,850,000
67 Days On Site

Melbourne, FL 32935

For Sale|Multi Family|Active
8
Beds
0
Total Baths
Subdivision:
Eau Gallie Village Plat of
County:
Brevard
Call Now: (850) 757-3681
Is this the listing for you? We can help make it yours.
(850) 757-3681
Save
Ask
Tour
Hide
Share

Exceptional opportunity to own a rare 8-unit riverfront multifamily in the historic Eau Gallie Arts District. Located at 2179 Pineapple Ave, this income-producing property sits directly on the Indian River, offering long-term value, steady cash flow, and lifestyle appeal. The asset features a mix of long-term tenants and short-term rentals, allowing flexibility to optimize income while diversifying risk. All roofs have been replaced, and the main house HVAC system has been recently updated, reducing near-term capital expenditure concerns. Waterfront units and STR components benefit from strong rental demand driven by river views, sunsets, and proximity to downtown Eau Gallie, galleries, dining, and events. Ideal for investors seeking a stabilized asset with upside through rent optimization, STR expansion, or future appreciation in one of the Space Coast's most walkable and culturally vibrant corridors. A rare combination of location, condition, and income potential on the Indian River

Save
Ask
Tour
Hide
Share
Listing Snapshot
Price 
$1,850,000
Days On Site 
67 Days
Bedrooms 
8
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.5 Acres
Year Built 
N/A
MLS® Number 
1068459
Status 
Active
Property Tax 
$16,630.6
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
4 weeks agoPrice changed to $1,850,000
4 weeks agoListing updated with changes from the MLS®
2 months agoListing first seen on site
General Features
Acres 
0.5
Additional Property Use 
CommercialMulti-Family
Direction Faces 
West
Garage 
Yes
Garage Spaces 
2
Levels 
Two
Number Of Stories 
2
Parking 
Assigned
Property Sub Type 
Multi Family
Sewer 
Public Sewer
Special Circumstances 
Standard
Utilities 
Cable AvailableCable ConnectedElectricity ConnectedSewer Connected
Water Source 
Public
Zoning 
Commercial
Interior Features
Appliances 
DishwasherDryerElectric OvenMicrowaveRefrigeratorTankless Water HeaterWasher
Cooling 
ElectricMulti UnitsWall/Window Unit(s)
Furnished 
Furnished
Heating 
CentralElectric
Laundry Features 
Multiple LocationsCommon AreaElectric Dryer Hookup
Save
Ask
Tour
Hide
Share
Exterior Features
Construction Details 
BlockFrameVinyl Siding
Lot Features 
OtherWaterfront
Road Frontage 
City Street
Roof 
Shingle
View 
Water
Waterfront Features 
Seawall
Waterview 
Water
Community Features
Financing Terms Available 
CashConventionalOwner May CarryPrivate Financing Available
MLS Area 
323 - Eau Gallie
Roads 
Asphalt
Schools
School District
Unknown
Elementary School
Creel
Middle School
Johnson
High School
Eau Gallie
Listing courtesy of Real Broker LLC

The data relating to real estate shown on this website comes in part from the Internet Data Exchange (IDX) program of Space Coast Association of REALTORS®, Inc. IDX information is provided exclusively 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. All data is deemed reliable but is not guaranteed accurate.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
Save
Ask
Tour
Hide
Share