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Concrete Block Duplex Building
For Sale
$1,988,050

1505 Coral Ave, Vero Beach, FL 32963

Residential Income, Vero Beach, FL

Property Size3,099 SF
Price / SF$641.51
Days on Market76

Property Features for 1505 Coral Ave

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning description R-1A
Bedrooms 7
Full bathrooms 4
Rooms Bedroom 2, Bedroom 1, Bedroom 4, Bedroom 6, Bedroom 3, Bedroom 5, Bathroom 1, Bathroom 4, Bedroom 7, Bathroom 2, Bathroom 3
Parking 6
Security features Security
Exterior features Storm/Security Shutters
Subdivision THE OCEAN CORPORATION SUB
Lot features < 1/4 Acre
Directions Take FL-713 N and US 1 S/U.S. Rte 1 N to Coral Ave in Vero Beach.
Standard status Active
APN 33400500012007000007.0
Size 3,099 SF

Taxes and HOA fees

Tax Year 2025
Tax Description OCEAN CORPORATION SUB BLK 7 LOT 7 PBI 3-9
Tax Annual Amount 17163
Legal Description OCEAN CORPORATION SUB BLK 7 LOT 7 PBI 3-9

Utilities

Utilities Cable Available
Sewer type Septic Tank
Heating system Central, Electric (Heating)
Cooling system Central Air

Amenities

private patio

Building Details

Year built 1976
Floors in Building 1
Flooring type Tile
Building materials Block
Roof type Aluminum
Listing Agency: The Keyes Company
Listed By: Jenny Palacios · License #3468360
Added: Jul 20 Changed: Sep 23 Last Checked: Oct 3 at 1:06PM
MLS# A12000945

Copyright © 2026 Miami 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 3,099-square-foot multifamily property was built in 1976 with concrete-block construction and an aluminum roof. The interior includes tile flooring, central air conditioning, and electric heating. Private patio areas serve the residential spaces, while storm and security shutters provide an additional exterior feature.

Located on Coral Ave in Vero Beach, the property sits on a corner lot within the Multi-Family (2-9 units) zoning designation. The site is served by a septic tank and has cable available. Its residential configuration supports multifamily occupancy within an established coastal Florida setting.

Key Highlights

  • 3,099 SF multifamily property built in 1976
  • Concrete‑block construction with aluminum roof
  • Multi‑Family (2‑9 units) zoning

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage Building Supply Electrical Service Bakery (Bike/Boat/Book/etc) Store Grocery & Convenience Store

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

3
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

180
Businesses Nearby

Demographics for 32963, FL

16,291
Population
12,344
Households
1.3
Avg Household Size
68
Median Age
68%
College-Educated
99%
High-School Grad
17.4 sq mi
ZIP Area
936
Density / Sq Mi
$142,985
Median Household Income
$80,536
Median Earnings
$2,000
Median Rent
$894,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

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

What type of property is this?
Duplex - Corner-lot multifamily property with private patio areas and a flexible residential layout.
Where is this duplex located?
The property is located at 1505 Coral Ave Vero Beach, FL.
What is the asking price?
The asking price for this property is $1,988,050.
What are key features of this property?
This property features: 3,099 SF multifamily property built in 1976; Concrete‑block construction with aluminum roof; Multi‑Family (2‑9 units) zoning
More about this property
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