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    221 Madison Ave Cape Canaveral, FL 32920

    Pending
    For Sale
    $1,200,000

    MULTI_FAMILY - Cape Canaveral, FL

    Property size:
    5,080 SF
    Lot size:
    0.38 Acres
    Days on Market:
    27
    Last Refresh:
    Dec 11 at 8:06 am

    Property Features for 221 Madison Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Pending
    Rooms
    Bathroom 3, Bedroom 11, Bathroom 4, Bathroom 6, Bedroom 10, Bedroom 3, Bedroom 2, Bedroom 6, Bathroom 2, Bathroom 5, Bedroom 4, Bedroom 5, Bedroom 8, Bedroom 7, Bathroom 1, Bedroom 12, Bedroom 9, Bedroom 1
    Bedrooms
    12
    Bathrooms
    6
    APN
    24-37-23-Cg-00020.0-0006.00
    Parking features
    Assigned, Carport
    Appliances
    Dishwasher, Disposal, Electric Range, Microwave, Refrigerator
    Size
    5,080 SF
    Lot size
    0.38 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Cooling system
    Window Unit(s), Wall/Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1964
    Floors in Building
    1
    Number of units
    7
    Flooring type
    Tile
    Building materials
    Concrete, Frame
    Roof type
    Shingle

    Showcase Property Management LLC (321) 783-5000 [email protected]

    Listing agent Donna A Gianotti-Kelley (321) 783-5000

    Listing date Nov 15, 2025

    MLS# 1043737 Listing URL

    Copyright © 2025 Space Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Cape Canaveral Multifamily Investment Property

    This is a seven-unit multifamily investment property. Each unit features an open floor plan, tile flooring, updated bathrooms, and newer kitchens. The property has a new roof and replaced cast iron plumbing throughout. On-site amenities include parking, storage areas for each unit, and a coin-operated laundry that generates extra income. The property is located three blocks from the beach, a short bike ride from Port Canaveral, a 20-minute drive from Kennedy Space Center, and a 35-minute drive from Orlando International Airport and theme parks. Shopping and restaurants are within walking distance. The property is currently fully occupied with tenants and offers potential for future projects. The lot size is 0.38 acres and the property size is 5080 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cape Canaveral
    County
    Brevard
    State
    Florida
    Longitude
    -80.603265
    Latitude
    28.388561

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    FAQs

    What type of property is this?
    Apartment building - Seven-unit property near the beach with updated interiors and new roof.
    Where is this apartment building located?
    The property is located at 221 Madison Ave Cape Canaveral, FL.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - Three blocks to the beach, offering convenient beach access.; - Fully occupied 7-unit investment property with income-producing potential.; - Brand new roof and replaced cast iron plumbing throughout the building.
    (321) 783-5000
    Request Owner's contact information
    221 Madison Ave Cape Canaveral, FL 32920
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    Cape Canaveral, FL 32920
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    221 Madison Ave Cape Canaveral, FL 32920
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