Spacious Duplex in Melbourne,
1778 & 1780 Stewart Place, Melbourne, FL 32935
MULTI_FAMILY - Melbourne, FL
Property size:
2,658 SFLot size:
0.18 AcresPrice / SF:
$178/SF- Added:
- May 13, 2026
- Days on Market:
- 18
- Last Refresh:
- May 30 at 3:06 pm
Property Features for 1778 & 1780 Stewart Place
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bathroom 4, Bedroom 6, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 2, Bedroom 5
- Parking features
- Covered, Open, Guest, On Street, Garage
- Appliances
- Dishwasher, Electric Range, Microwave, Refrigerator
- Standard status
- Active
- APN
- 27-37-08-53-00000.0-0012.00
- Size
- 2,658 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- STEWART PLACE LOT 12
- Tax Annual Amount
- 6249
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1982
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Tile
- Building materials
- Frame, Wood Siding
- Roof type
- Shingle
Listing agent Misti Schneider License #3495551 (770) 880-5424
Listing office RE/MAX Aerospace Realty 7925 N Wickham Rd. #B, Rockledge, FL (321) 631-5511
Listing date May 13, 2026
MLS# 1077519
Listing URL
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.
HighLights
- Full duplex offering two units, ideal for investors or owner‑occupants seeking rental income.
- Each unit features 3 bedrooms and 2 full bathrooms, providing ample living space.
- Includes in‑unit laundry rooms and a 1‑car garage for each unit, adding convenience and value.
- Totaling 3,234 sq ft with 6 bedrooms and 4 bathrooms.
- Conveniently located near Canova Beach Park, the airport, a hospital, Florida Institute of Technology, and major employers.
- Recent rental income of $1,700 and $1,695 per month per unit.
Overview
This full duplex property features two units, each with 3 bedrooms, 2 full bathrooms, in-unit laundry rooms, and a 1-car garage. The total property includes 6 bedrooms, 4 bathrooms, 2 garages, and 3,234 square feet. The property is situated on a lot of 0.18 acres. The AC units in both units were installed in 2026. The most recent rental income was $1,700 and $1,695 per month. The property is located approximately 5.5 miles from Canova Beach Park and the nearest airport, and 4.5 miles from the nearest hospital. It is also located 6.5 miles from the Florida Institute of Technology and major employers including Collins Aerospace, Northrop Grumman and L3Harris. This property is suitable for an investor looking to rent both units or for an owner-occupant wanting to live in one side while generating income from the other. The property is located in Melbourne, Florida.
Local 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 | $46.2k | $17.40 |
| − Vacancy | −$3.0k | −$1.13 |
| EGI | $43.2k | $16.27 |
| − OpEx | −$13.0k | −$4.88 |
| NOI | $30.3k | $11.39 |
2,658 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$432.4K
$378.4K – $504.5K
NOI $30,270 @ 7.0% cap · market cap 6.37%
Second Best
Apartment 5plus
$388.7K
$340.1K – $453.5K
NOI $27,209 @ 7.0% cap · market cap 5.73%
Theoretical Best
Office A
$701.3K
$613.6K – $818.1K
NOI $49,088 @ 7.0% cap · market cap 10.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Melbourne
- County
- Brevard
- State
- Florida
- Longitude
- -80.650004
- Latitude
- 28.144546
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Full duplex with six bedrooms, four bathrooms, and two garages.
Where is this duplex located?
The property is located at 1778 & 1780 Stewart Place Melbourne, FL.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Full duplex offering two units, ideal for investors or owner‑occupants seeking rental income.; Each unit features **3 bedrooms and 2 full bathrooms**, providing ample living space.; Includes **in‑unit laundry rooms and a 1‑car garage** for each unit, adding convenience and value.
