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    347 W Merritt Ave Merritt Island, FL 32953

    For Sale
    $395,000

    MULTI_FAMILY - Merritt Island, FL

    Property size:
    2,243 SF
    Lot size:
    0.38 Acres
    Days on Market:
    72
    Last Refresh:
    Dec 11 at 7:06 am

    Property Features for 347 W Merritt Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Rooms
    Bedroom 3, Bedroom 1, Bedroom 2, Bedroom 4
    Bedrooms
    4
    APN
    24-36-35-32-0000j.0-0014.00
    Parking
    4
    Parking features
    Guest, Carport
    Fencing
    Chain Link, Privacy
    Appliances
    Gas Oven, Gas Range, Refrigerator
    Size
    2,243 SF
    Lot size
    0.38 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Central, Varies by Unit (Heating)
    Cooling system
    Varies by Unit, Wall/Window Unit(s), Central Air, Window Unit(s), Electric
    Water source
    Public

    Building Details

    Year built
    1957
    Floors in Building
    1
    Number of units
    3
    Flooring type
    Tile, Carpet, Vinyl
    Building materials
    Block
    Roof type
    Shingle

    Michelle Daignault-Ives (321) 453-2151 [email protected]

    Listing agent Leon McDaniel (321) 453-2151

    Listing date Oct 1, 2025

    MLS# 1006381 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

    Merritt Island Multifamily Investment Opportunity

    This property, located in Merritt Island, Florida, currently configured as a duplex, offers the potential to revert to its original triplex configuration. As a triplex, the property features a spacious 2-bedroom, 1-bath unit, a 1-bedroom, 1-bath unit, and a large 1-bedroom, 1-bath unit. The property is situated less than two miles from all schools and blocks away from Mila Elementary, with convenient access to shopping and restaurants. The lot size is 0.38 acres, and the property size is 2243 square feet. This residential income property presents an opportunity for income generation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Merritt Island
    County
    Brevard
    State
    Florida
    Longitude
    -80.704433
    Latitude
    28.361355

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    FAQs

    What type of property is this?
    Duplex - Duplex with triplex conversion potential near schools, shopping, and restaurants.
    Where is this duplex located?
    The property is located at 347 W Merritt Ave Merritt Island, FL.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: - 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).
    (321) 453-2151
    Request Owner's contact information
    347 W Merritt Ave Merritt Island, FL 32953
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    Merritt Island, FL 32953
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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
    347 W Merritt Ave Merritt Island, FL 32953
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