Remodeled Quadplex with Private
5001 Malabar Boulevard Melbourne Beach, FL 32951
For Sale
Under Contract
$1,350,000
MULTI_FAMILY - Melbourne Beach, FL
Property Size3,722 SF
Lot Size0.49 Acres
Price / SF$362.71
Days on Market15
Property Features for 5001 Malabar Boulevard
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 8
- Rooms
- Bedroom 8, Bathroom 2, Bathroom 6, Bedroom 4, Bathroom 8, Bathroom 7, Bedroom 3, Bathroom 1, Bedroom 6, Bathroom 4, Bedroom 1, Bedroom 7, Bathroom 5, Bedroom 2, Bedroom 5, Bathroom 3
- Parking features
- Garage
- Fencing
- Fenced
- Appliances
- Dishwasher, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
- Standard status
- Active Under Contract
- APN
- 29-38-03-75-00000.0-0001.00
- Size
- 3,722 SF
- Lot size
- 0.49 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- BEACH TOWNHOUSES LOTS 1 THUR 4 AND TRACT A
- Tax Annual Amount
- 12805
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Electric, Central Air
- Water source
- Well
Building Details
- Year built
- 1987
- Floors in Building
- 1
- Number of units
- 4
- Flooring type
- Vinyl
- Building materials
- Block, Concrete, Stucco
- Roof type
- Shingle
Listing Agency:
Vincent Keenan, REALTORS
(321) 784-6286
Listed By:
Vincent Keenan · License #359856
(321) 693-0187
Added: Jul 10
Changed: Jul 15
Last Checked: Jul 24 at 1:06AM
MLS# 1082255
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 fully remodeled quadplex includes four separate 2-bedroom, 2-bath units. Interiors feature vaulted ceilings in the kitchen/living area, recessed lighting, and an open floor plan with vinyl flooring throughout. Each unit includes a screened porch and a private, fenced backyard, along with modern fixtures, walk-in showers, walk-in closets, and double-sink vanities in the primary suites. Other reported improvements include stainless steel appliances, hurricane impact windows, newer air conditioning units, and a new hot water heater. Each unit also has a 1-car garage, and the property is served by a shared artesian well with an oversized septic system.
The property is located in Melbourne Beach and is described as being across from the Atlantic Ocean with A1A frontage, in a quiet neighborhood one block from beach access.
The site totals 0.49 acres, accommodating the four-unit configuration with outdoor space for each residence.
The property is located in Melbourne Beach and is described as being across from the Atlantic Ocean with A1A frontage, in a quiet neighborhood one block from beach access.
The site totals 0.49 acres, accommodating the four-unit configuration with outdoor space for each residence.
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 | $64.8k | $17.40 |
| − Vacancy | −$4.2k | −$1.13 |
| EGI | $60.6k | $16.27 |
| − OpEx | −$18.2k | −$4.88 |
| NOI | $42.4k | $11.39 |
3,722 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$605.5K
$529.8K – $706.5K
NOI $42,387 @ 7.0% cap · market cap 3.14%
Second Best
Apartment 5plus
$544.3K
$476.3K – $635.0K
NOI $38,101 @ 7.0% cap · market cap 2.82%
Theoretical Best
Office A
$982.0K
$859.2K – $1.15M
NOI $68,738 @ 7.0% cap · market cap 5.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - A fully remodeled quadplex offers four 2-bedroom, 2-bath units with screened porches and fenced backyards.
Where is this quadplex located?
The property is located at 5001 Malabar Boulevard Melbourne Beach, FL.
What is the asking price?
The asking price for this property is $1,350,000.
