421 Butler Street, Melbourne, FL 32901
MULTI_FAMILY - Melbourne, FL
- Added:
- Jun 26, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 28 at 5:06 am
Property Features for 421 Butler Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- 0855 multiple
- Bedrooms
- 3
- Rooms
- Bathroom 2, Bedroom 2, Bedroom 3, Bathroom 1, Bedroom 1
- Patio and Porch features
- Patio
- Pets allowed
- Yes, No
- Standard status
- Active
- APN
- 27372876292
- Size
- 1,125 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- INDIAN RIVER BLUFF NO 3 LOT 292 & S 10 FT OF LOT 293
- Tax Annual Amount
- 2770
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Window Unit(s), Wall/Window Unit(s), Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 1955
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Tile
- Building materials
- CBS
- Roof type
- Shingle
Listing agent Steven J David License #3005272 (954) 565-0014
Listing office Florida Professional R E Inc 2737 E Oakland Pk Blvd #203, Port St Lucie, FL (954) 565-0014
Listing date Jun 26, 2026
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Duplex with a 2/1 unit and a 1/1 unit
- 2/1 unit rent is $1,200 and 1/1 unit rent is $900
- Newer central air on the north unit and central/electric heating
- New roof and exterior paint completed within the last 5 years
- Tile flooring throughout; patio on‑site
- Built in 1955 with CBS construction, shingle roof, public water, and public sewer
Overview
The duplex is well located in Melbourne, Florida, at 421 Butler Street in Brevard County. The lot size is listed at 0.14 acres, and the total property size is 1,125 square feet.
This asset is suited to buyers seeking residential income with two distinct rental spaces. As presented, the 2/1 unit is currently rented for $1,200, and the 1/1 unit is currently rented for $900, offering straightforward current tenant occupancy information for underwriting and planning.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $19.6k | $17.40 |
| − Vacancy | −$1.3k | −$1.13 |
| EGI | $18.3k | $16.27 |
| − OpEx | −$5.5k | −$4.88 |
| NOI | $12.8k | $11.39 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Melbourne
- County
- Brevard
- State
- Florida
- Longitude
- -80.622393
- Latitude
- 28.102521
