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Concrete Block Duplex with Private Patios
For Sale
$2,390,000

1505 Coral Ave, Vero Beach, FL 32963

MULTI_FAMILY - Vero Beach, FL

Property Size3,099 SF
Price / SF$771.22
Days on Market27

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 5, Bedroom 3, Bathroom 3, Bedroom 7, Bedroom 2, Bathroom 4, Bedroom 4, Bedroom 1, Bedroom 6, Bathroom 1, Bathroom 2
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: Aug 14 Last Checked: Aug 15 at 6:06PM
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.

Concrete block duplex on a valuable corner lot, constructed in 1976. The property features an aluminum roof and storm/security shutters, along with tile flooring and central air conditioning supported by electric heating. Each unit includes a private patio, and Unit 2 is configured as two separate enclosed patio spaces.

Unit 1 offers 3 bedrooms, 2 bathrooms, and a den. Unit 2 is divided into two 3-bedroom, 2-bath units, each with its own private enclosed patio. The property is described as zoned Multi-Family (2-9 units) and includes Cable available, with a septic tank for sewer.

The home totals 3,299 A/C SF and is positioned steps from the beach. It is also described as minutes to Disney’s Vero Beach Resort, Costa d’Este Beach Resort, and Orchid Island Golf & Beach Club. Nearby access is noted as about 2 hours from Miami and about 1 hour from both West Palm Beach and Orlando.

Key Highlights

  • Concrete block duplex built in 1976 with aluminum roof and storm/security shutters
  • Zoned Multi‑Family (2‑9 units) on a corner lot
  • 3,299 A/C SF with tile flooring, central air, and electric heating

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage Building Supply Electrical Service Bakery (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom

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

Location Intelligence

Trade Area within ½ mile

171
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

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 - Concrete block duplex on a corner lot, zoned Multi-Family (2-9 units), with private patios for each unit.
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 $2,390,000.
What are key features of this property?
This property features: Concrete block duplex built in 1976 with aluminum roof and storm/security shutters; Zoned Multi‑Family (2‑9 units) on a corner lot; 3,299 A/C SF with tile flooring, central air, and electric heating
More about this property
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