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Renovated Riverfront Apartment Building
For Sale
$1,390,000

1-5-9150 44th Ave, Sebastian, FL 32958

Short-term rentals are permitted, with individual A/C and water heaters serving each unit.

Property Size33,106 SF
Price / SF$41.99
Days on Market10

Property Features for 1-5-9150 44th Ave

General Information

Standard status Active
Size 33,106 SF
Property subtype Residential Income

Units

Unit Mix 2 x 1BR/1BA, 2 x studio, 1 x 2BR/1BA
Multifamily Units 5

Taxes and HOA fees

Annual Taxes $12,010

Amenities

riverfront
Indian River views
dock with boat lift
coin laundry
artesian well
water softener
2 sheds
Listing Agency: Dale Sorensen Real Estate Inc.
Listed By: Troy P Westover · License #3270315
Source: Exprealty
Added: Sep 5 Changed: Sep 13 Last Checked: Sep 13 at 2:57PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Dale Sorensen Real Estate Inc.

Investment Insights

Based on property information with market context.

This renovated five-unit apartment property fronts the Indian River and includes two one-bedroom/one-bath units, two studios, and one two-bedroom/one-bath unit. Each apartment has its own A/C and water heater, along with stainless steel appliances and LVP flooring. Additional improvements include a newer dock with boat lift, coin-operated laundry, an artesian well, water softener, and two sheds.

Short-term rentals are permitted. The property is located at 1-5-9150 44th Ave in Sebastian, Florida, with beaches, boating, dining, and shopping described as minutes away.

Key Highlights

  • Five‑unit mix: two 1BR/1BA units, two studios, and one 2BR/1BA
  • Indian River frontage with unobstructed river views
  • Newer dock with boat lift

Property Analytics

Current Use

Short term rental ...

Suggested Use

Top Pick Dental Office Law Firm Auto Parts Store Real Estate Agency Big Box & Wholesale Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

141
Businesses Nearby

Demographics for 32958, FL

28,619
Population
15,512
Households
1.8
Avg Household Size
58
Median Age
29%
College-Educated
92%
High-School Grad
27.9 sq mi
ZIP Area
1,026
Density / Sq Mi
$68,276
Median Household Income
$37,412
Median Earnings
$1,388
Median Rent
$279,100
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Short-term rentals are permitted, with individual A/C and water heaters serving each unit.
Where is this apartment building located?
The property is located at 1-5-9150 44th Ave Sebastian, FL.
What is the asking price?
The asking price for this property is $1,390,000.
What are key features of this property?
This property features: Five‑unit mix: two 1BR/1BA units, two studios, and one 2BR/1BA; Indian River frontage with unobstructed river views; Newer dock with boat lift
More about this property
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