Four-Unit Income
1135 17th Place Vero Beach, FL 32960
For Sale
$689,999
MULTI_FAMILY - Vero Beach, FL
Lot Size0.14 Acres
Days on Market105
Property Features for 1135 17th Place
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Zoning
- ,
- Parking
- 4
- Parking features
- Off Street
- Patio and Porch features
- Porch
- Exterior features
- Porch
- Standard status
- Active
- APN
- 33390100046002000003.0
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- J A FRERES SUB BLK 2 LOT 3 PBS 4-30
- Tax Annual Amount
- 5037
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Electric, Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 2024
- Floors in Building
- 1
- Flooring type
- Tile
- Building materials
- Block, Concrete, Stucco
- Roof type
- Metal
Listing Agency:
EXP Realty, LLC
(888) 883-8509
Listed By:
Katie J Holmes · License #3530743
(772) 913-4844
Added: Apr 13
Changed: Jul 17
Last Checked: Jul 26 at 3:06AM
MLS# 296577
Copyright © 2026 Realtors Association of Indian River County. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This four-unit income property features a front duplex and a rear duplex configuration. The rear duplex consists of two newer construction units, while the front duplex offers two units that may be evaluated for potential reconfiguration, including the possibility of converting units to two-bedroom layouts. The property is served by city water and sewer, with separate electric meters for the units.
Situated in downtown Vero Beach, the current multifamily use is described as legally non-conforming under the property’s industrial zoning. The front building may require roof and interior updates, while the remainder of the property is described as fully occupied. The listing indicates that a portion of the rents are supported by housing assistance programs.
From an operator or investor standpoint, the unit mix and metering support straightforward management, and the newer construction in the rear duplex may help limit near-term capital needs relative to the front building. The reported gross income is approximately $5,995 per month, or about $71,940 per year, with a stated cap rate of approximately 8% in the provided materials. Showings are available after an accepted contract, and a deal sheet is available for qualified parties.
Situated in downtown Vero Beach, the current multifamily use is described as legally non-conforming under the property’s industrial zoning. The front building may require roof and interior updates, while the remainder of the property is described as fully occupied. The listing indicates that a portion of the rents are supported by housing assistance programs.
From an operator or investor standpoint, the unit mix and metering support straightforward management, and the newer construction in the rear duplex may help limit near-term capital needs relative to the front building. The reported gross income is approximately $5,995 per month, or about $71,940 per year, with a stated cap rate of approximately 8% in the provided materials. Showings are available after an accepted contract, and a deal sheet is available for qualified parties.
Key Highlights
- 4‑unit income property in downtown Vero Beach with ~8% cap based on ~$5,995/month (~$71,940/year)
- Rear duplex is newer construction (2 units) and front duplex has 2 additional units with potential for 2BR conversion
- City water/sewer with separate electric meters and fully occupied units
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Four fully occupied units in downtown Vero Beach with separate electric meters and newer construction in the rear duplex.
Where is this quadplex located?
The property is located at 1135 17th Place Vero Beach, FL.
What is the asking price?
The asking price for this property is $689,999.
What are key features of this property?
This property features: 4‑unit income property in downtown Vero Beach with ~8% cap based on ~$5,995/month (~$71,940/year); Rear duplex is newer construction (2 units) and front duplex has 2 additional units with potential for 2BR conversion; City water/sewer with separate electric meters and fully occupied units
