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12-Unit Riverfront Apartment Building
For Sale
$3,895,000

3550 S Atlantic Avenue, Cocoa Beach, FL 32931

Residential Income, Cocoa Beach, FL

Property Size8,656 SF
Lot Size0.70 Acres
Price / SF$449.98
Days on Market48

Property Features for 3550 S Atlantic Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 24
Bathrooms 12
Full bathrooms 12
Rooms Bathroom 12, Bedroom 5, Bedroom 21, Bedroom 23, Bathroom 5, Bedroom 4, Bathroom 2, Bedroom 15, Bedroom 18, Bedroom 22, Bedroom 16, Bathroom 8, Bedroom 10, Bathroom 10, Bathroom 6, Bathroom 11, Bathroom 7, Bedroom 7, Bedroom 17, Bathroom 4, Bedroom 12, Bedroom 14, Bathroom 3, Bedroom 9, Bedroom 6, Bedroom 1, Bedroom 8, Bedroom 20, Bathroom 1, Bedroom 13, Bedroom 2, Bedroom 11, Bedroom 24, Bedroom 3, Bedroom 19, Bathroom 9
Parking 15
Parking features Guest, On Street, Assigned
Appliances Dryer, Electric Range, Microwave, Refrigerator, Tankless Water Heater, Washer
Subdivision Orlando Beach
View River
Elementary school Roosevelt
Middle school Cocoa Beach
High school Cocoa Beach
Directions A1A SOUTH COCOA BEACH! DO NOT ENTER PROPERTY WITHOUT LIST AGENT!
Standard status Active
APN 25-37-35-25-00003.0-0004.00
Size 8,656 SF
Lot size 0.70 Acres

Taxes and HOA fees

Tax Year 2020
Tax Description ORLANDO BEACH LOTS 4,5 BLK 3
Tax Annual Amount 15842
Legal Description ORLANDO BEACH LOTS 4,5 BLK 3

Utilities

Utilities Water Available
Sewer type Public Sewer
Heating system Central
Cooling system Central Air
Water source Public
Water front features Seawall, Navigable Water, River Access, River Front
Water front 1

Amenities

dock
boat slips

Building Details

Year built 1956
Floors in Building 1
Number of units 12
Flooring type Tile
Building materials Block, Concrete, Stucco
Roof type Metal, Shingle
Listing Agency: RE/MAX Alternative Realty · RE/MAX International
Listed By: Jack Taylor · License #3073233
Added: Jul 28 Changed: Sep 13 Last Checked: Sep 13 at 7:06AM
MLS# 1083552

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.

Investment Insights

Based on property information with market context.

This 8,656-square-foot multifamily property comprises six duplexes totaling 12 two-bedroom, one-bath units on a 0.7-acre site. Six units have long-term tenants, while the remaining six operate as vacation rentals. Improvements include updated kitchens and bathrooms, PVC drain lines, appliances, electrical systems, air conditioning, a newer Trex dock, and an asphalt entrance and street. The roofs are approximately 7 to 9 years old.

The property occupies riverfront along the Banana River with a seawall, navigable water, and direct river access. The beach is a 3-minute walk away. Two boat slips are allowed. Assigned, guest, and on-street parking are available, with public water and public sewer serving the property.

Key Highlights

  • Six duplexes with 12 total 2/1 units
  • 8,656 square feet on a 0.7‑acre riverfront site
  • Banana River frontage with seawall, navigable water, and river access

Property Analytics

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Current Use

Cleaning Squad (Bike/Boat/Book/etc) Store Westgate Cocoa Beach ... Hotel & Motel

Suggested Use

Top Pick Electrical Service Bakery (Bike/Boat/Book/etc) Store Locksmith Hair Salon Computer & Electronic Repair

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

12
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

48
Businesses Nearby

Demographics for 32931, FL

13,643
Population
10,763
Households
1.3
Avg Household Size
60
Median Age
52%
College-Educated
97%
High-School Grad
5.2 sq mi
ZIP Area
2,624
Density / Sq Mi
$84,769
Median Household Income
$51,769
Median Earnings
$1,533
Median Rent
$478,300
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
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Six duplexes offer a mix of long-term and vacation rental occupancy beside navigable riverfront with beach access nearby.
Where is this apartment building located?
The property is located at 3550 S Atlantic Avenue Cocoa Beach, FL.
What is the asking price?
The asking price for this property is $3,895,000.
What are key features of this property?
This property features: Six duplexes with 12 total 2/1 units; 8,656 square feet on a 0.7‑acre riverfront site; Banana River frontage with seawall, navigable water, and river access
More about this property
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