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Waterfront Multifamily Compound
For Sale
$2,300,000

241 Indian River Dr, Cocoa, FL 32922

Four residences combine historic character, newer construction, and flexible living arrangements along the Indian River.

Property Size6,073 SF
Price / SF$378.73
Days on Market80

Property Features for 241 Indian River Dr

General Information

Standard status Active
Size 6,073 SF
Elevators Yes
Property subtype Multi-Family

Additional Details

Furnished No

Amenities

private dock
private covered dock
10k lb boat lift
Listing Agency: Dale Sorensen Real Estate Inc.
Listed By: Kim Tillett · License #3218969
Source: Greaterorlandohomesforsale
Added: Jun 29 Changed: Sep 15 Last Checked: Sep 15 at 2:31PM

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 6,073-square-foot multifamily compound includes four residences with a combined 9 beds and 9.5 baths. The centerpiece is a custom home completed in 2022 with 3 beds, 3 baths, 12-foot ceilings, 9-foot doors, a private elevator, hardwood flooring, and a kitchen equipped with a Wolf gas range, Sub-Zero refrigerator, Miele coffee system, wine bar, custom cabinetry, and brick accents. A preserved Victorian home provides 3 beds and 3.5 baths, while a furnished cottage and a 1-bed apartment above the detached 3-car garage add further residential space.

The estate occupies 133 feet of direct Indian River frontage at 241 Indian River Dr in Cocoa, with a private covered dock and 10K LB boat lift. Outdoor views include the river and rocket launches, while Cocoa Village shops, restaurants, and entertainment are within walking distance. The property also includes a screened porch, private patio, and vintage furnishings.

Key Highlights

  • Four residences with 9 BEDS | 9.5 BTH across 6,073 SF
  • 133 feet of direct Indian River frontage
  • Custom home completed in 2022 with private elevator and 12 FT ceilings

Property Analytics

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Current Use

Short term rental ...

Suggested Use

Top Pick Parking Lot & Garage Garden Center Plumbing Service Computer & Electronic Repair Carpet & Flooring Store Bakery

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

Location Intelligence

Trade Area within ½ mile

1,209
Businesses Nearby

Demographics for 32922, FL

15,923
Population
8,667
Households
1.8
Avg Household Size
40
Median Age
19%
College-Educated
89%
High-School Grad
5.4 sq mi
ZIP Area
2,949
Density / Sq Mi
$46,138
Median Household Income
$35,125
Median Earnings
$1,057
Median Rent
$176,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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?
Multifamily property - Four residences combine historic character, newer construction, and flexible living arrangements along the Indian River.
Where is this multifamily property located?
The property is located at 241 Indian River Dr Cocoa, FL.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Four residences with 9 BEDS | 9.5 BTH across 6,073 SF; 133 feet of direct Indian River frontage; Custom home completed in 2022 with private elevator and 12 FT ceilings
More about this property
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