Merritt Island, FL
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    Merritt Island, FL Duplexes for Sale

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    Melbourne, FL Rockledge, FL Cocoa Beach, FL
    Merritt Island Multifamily Investment Opportunity
    $395,000
    2,243 SF
    Merritt Island Multifamily Investment Opportunity

    347 W Merritt Avenue, Merritt Island, FL 32953

    Duplex with triplex conversion potential near schools, shopping, and restaurants.
    • Potential for immediate income generation as a duplex.
    • Easily convertible back to a triplex for increased rental income potential.
    • Includes a spacious 2‑bedroom, 1‑bath unit, plus two 1‑bedroom, 1‑bath units (in triplex configuration).
    • Conveniently located less than two miles from all schools and blocks from Mila Elementary.
    • Proximity to shopping and restaurants.
    Updated: Feb 29, 2024
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    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

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Duplex with Adjacent Buildable Lot
    $248,000
    1,644 SF
    Duplex with Adjacent Buildable Lot

    Two 2-bedroom, 1-bath units plus an adjacent buildable lot and workshop offer flexible income or owner-occupant living.

    1417 Wilson Road, Cocoa, FL 32922

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    Turnkey Duplex in Cocoa, FL
    $319,900
    837 SF
    Turnkey Duplex in Cocoa, FL

    Income-producing duplex with two units, ideal for investors or flexible living.

    717 LUNAR LAKE CIRCLE, Cocoa, FL 32926

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    Rockledge Duplex with New Roof
    $214,000
    912 SF
    Rockledge Duplex with New Roof

    Well-maintained duplex on oversized lot, generating rental income.

    989 & 991 S FISKE BOULEVARD, Rockledge, FL 32955

    View details
    Rockledge Duplex Investment Opportunity
    $435,000
    2,266 SF
    Rockledge Duplex Investment Opportunity

    Income-producing duplex near Port Canaveral and Cocoa Beach.

    840 ANGELA AVE, Rockledge, FL 32955

    View details

    Merritt Island, FL Duplexes Market Trends and Statistics

    Explore 1 duplexes 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 $395,000.

    Sale prices for duplexes in Merritt Island, FL start at $395,000, averaging $395,000, and reaching up to $395,000 — 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

    Demographics Overview

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

    High-Yield Neighborhoods for Investment

    Identify Merritt Island submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    32953 $395K

    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)

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