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Multifamily Rental Portfolio
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2611 Kingsmill Ave, Melbourne, FL 32934

Multifamily rental portfolio with documented income and operating performance.

Property SizeContact for details
Days on Market145

Property Features for 2611 Kingsmill Ave

General Information

Standard status Active
Property subtype Multifamily
Listing Agency: IMG Realty FL LLC
Listed By: Shay Hawkinberry · License #FL 3265837
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 31 at 5:59AM

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 IMG Realty FL LLC

Investment Insights

Based on property information with market context.

This multifamily rental portfolio comprises residential income property with a combined 3,298 square feet of building area. The asset is presented as a consolidated rental holding rather than as an individual residence, with operating results that include a 9.26% cap rate.

The property is located at 2611 Kingsmill Ave in Melbourne, Florida 32934. Its documented income profile and existing rental use provide a clear basis for evaluating the portfolio as a multifamily investment.

Key Highlights

  • 3,298 square feet of total building area
  • 9.26% cap rate
  • Multifamily rental portfolio with established residential income use

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Parking Lot & Garage Electrical Service Daycare Center (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.

Location Intelligence

Trade Area within ½ mile

402
Businesses Nearby

Demographics for 32934, FL

18,355
Population
7,987
Households
2.3
Avg Household Size
51
Median Age
42%
College-Educated
94%
High-School Grad
22.9 sq mi
ZIP Area
802
Density / Sq Mi
$102,871
Median Household Income
$51,988
Median Earnings
$1,782
Median Rent
$392,300
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?
Multifamily property - Multifamily rental portfolio with documented income and operating performance.
Where is this multifamily property located?
The property is located at 2611 Kingsmill Ave Melbourne, FL.
What are key features of this property?
This property features: 3,298 square feet of total building area; 9.26% cap rate; Multifamily rental portfolio with established residential income use
(904) 612-8777 Call to check price and availability
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