Waterfront Multifamily
For Sale
$2,300,000
241 Indian River Drive, Cocoa, FL 32922
MULTI_FAMILY - Cocoa, FL
Property Size6,073 SF
Lot Size0.72 Acres
Price / SF$378.73
Days on Market46
Property Features for 241 Indian River Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Multi Family
Bedrooms
9
Bathrooms
10
Full bathrooms
9
Half bathrooms
1
Rooms
Bathroom 5, Bathroom 1, Bedroom 9, Bathroom 7, Bedroom 8, Bedroom 5, Bedroom 1, Bathroom 9, Bathroom 10, Bathroom 6, Bathroom 3, Bedroom 4, Bedroom 3, Bedroom 7, Bathroom 4, Bathroom 8, Bedroom 2, Bedroom 6, Bathroom 2
Parking features
RV, Guest, Garage
Spa
1
Exterior features
Balcony, Boat Slip, Dock, Boat Lift, Impact Windows
Accessibility
Accessible Approach with Ramp
Appliances
Dishwasher, Disposal, Dryer, Electric Oven, Electric Range, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Refrigerator, Gas Cooktop, Gas Range, Microwave, Refrigerator, Washer
Lot features
Corner Lot, Few Trees
View
River, Water
Elementary school
Cambridge
High school
Cocoa
Directions
Rt 520 going west - right on N Indian River Dr - left on Mitchell St - All 4 homes on located on corner.
Subdivision
213 - Mainland E of US 1
Standard status
Active
Size
6,073 SF
Lot size
0.72 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
15892
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Propane (Heating)
Cooling system
Multi Units, Electric, Central Air
Water source
Public
Water front features
Navigable Water, River Front, River Access
Water front
1
Amenities
private dock
boat lift
Building Details
Floors in Building
2
Number of units
4
Flooring type
Wood, Tile
Building materials
Block, Fiber Cement, Frame, Wood Siding
Roof type
Metal
Listing Agency:
Dale Sorensen Real Estate Inc.
(321) 421-7550
Listed By:
Kim Tillett · License #3218969
(321) 446-9035
Added: Jul 11
Changed: Aug 3
Last Checked: Aug 25 at 6:06PM
MLS# 1082298
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This 0.72-acre multifamily property contains 6,073 square feet across four residences with a combined 9 bedrooms and 9.5 bathrooms. The improvements include a custom-built home completed in 2022, a preserved Victorian residence, a furnished short-term-rental cottage, and a one-bedroom apartment above a detached three-car garage. The newer home includes a private elevator, 12-foot ceilings, 9-foot doors, hardwood flooring, and a kitchen equipped with Wolf, Sub-Zero, and Miele appliances.
The property occupies 133 feet of Indian River frontage in Cocoa, with navigable water, river access, a covered dock, and a 10K LB boat lift. Outdoor features also include balconies, impact windows, and a spa. Cocoa Village shops, restaurants, and entertainment are within walking distance. Public water and public sewer serve the property, with parking accommodations for guests and RVs.
The property occupies 133 feet of Indian River frontage in Cocoa, with navigable water, river access, a covered dock, and a 10K LB boat lift. Outdoor features also include balconies, impact windows, and a spa. Cocoa Village shops, restaurants, and entertainment are within walking distance. Public water and public sewer serve the property, with parking accommodations for guests and RVs.
Key Highlights
- Four residences totaling 9 bedrooms and 9.5 bathrooms
- 6,073 square feet on 0.72 acres
- 133 feet of Indian River frontage with navigable water access
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,209
Businesses Nearby
Explore this area
Business Placement
Demographics for 32922, FL
15,923
Population
8,667
Households
1.8
Avg Household Size
40
Median Age
19%
College-Educated
89%
High-School Grad
5.4 sq mi
ZIP Area
2,949
Density / Sq Mi
$46,138
Median Household Income
$35,125
Median Earnings
$1,057
Median Rent
$176,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Four residences offer refined finishes, river access, and flexible income-producing use in a cohesive waterfront setting.
Where is this multifamily property located?
The property is located at 241 Indian River Drive Cocoa, FL.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Four residences totaling 9 bedrooms and 9.5 bathrooms; 6,073 square feet on 0.72 acres; 133 feet of Indian River frontage with navigable water access
