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    89 NW Irwin Ave Melbourne, FL 32904

    Sponsored
    For Sale
    $1,480,000

    MULTI_FAMILY - Melbourne, FL

    Property size:
    7,728 SF
    Lot size:
    0.58 Acres
    Days on Market:
    17
    Last Refresh:
    Jan 5 at 2:06 pm

    Property Features for 89 NW Irwin Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Rooms
    Bathroom 8, Bedroom 6, Bathroom 6, Bedroom 2, Bathroom 7, Bedroom 7, Bedroom 5, Bedroom 8, Bathroom 2, Bathroom 1, Bathroom 5, Bathroom 4, Bedroom 1, Bedroom 3, Bathroom 3, Bedroom 4
    Bedrooms
    8
    Bathrooms
    8
    APN
    28-37-05-02-0000c.0-0006.00
    Parking
    18
    Parking features
    Parking Lot
    Exterior features
    Impact Windows, Storm Shutters
    Appliances
    Electric Range, Refrigerator
    Size
    7,728 SF
    Lot size
    0.58 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1973
    Floors in Building
    2
    Number of units
    11
    Flooring type
    Tile
    Building materials
    Brick, Stucco
    Roof type
    Shingle, Membrane

    Lpt Realty (877) 366-2213 [email protected]

    Listing agent Guy Newman (877) 366-2213

    Listing date Dec 20, 2025

    MLS# 1028572 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

    Melbourne Multifamily Investment Opportunity

    This offering features a multi-unit complex situated in a central location. The property includes three addresses: 89, 87, and 85 NW Irwin Avenue. It comprises an 8-unit apartment building, with each unit containing one bedroom and one bathroom. Additionally, there is a duplex, with each unit offering two bedrooms and one bathroom. The complex also includes a single-family home with three bedrooms and two bathrooms. The property benefits from a new roof and windows. Its location is near major employers, beaches, the Melbourne Mall, and the airport. The lot size is 0.58 acres, and the property size is 7,728 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Clothing Store Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.641567
    Latitude
    28.080429

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    FAQs

    What type of property is this?
    Apartment building - Eleven units near employers, beaches, mall, and airport.
    Where is this apartment building located?
    The property is located at 89 NW Irwin Ave Melbourne, FL.
    What is the asking price?
    The asking price for this property is $1,480,000.
    What are key features of this property?
    This property features: - 11 Units in a Prime Location: Near major employers, beaches, the Melbourne Mall, and the airport.; - New Roof & Windows: Indicates recent upgrades.; - Diverse Unit Mix: Includes an 8-unit apartment building, a duplex, and a single-family home.
    (321) 285-2855
    Request Owner's contact information
    89 NW Irwin Ave Melbourne, FL 32904
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    Melbourne, FL 32904
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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
    89 NW Irwin Ave Melbourne, FL 32904
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