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Duplex Portfolio on Riverfront Lot
New
For Sale
$3,950,000

3550 S Atlantic Avenue, Cocoa Beach, FL 32931

MULTI_FAMILY - Cocoa Beach, FL

Property Size8,656 SF
Lot Size0.70 Acres
Price / SF$456.33
Days on Market3

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 2, Bedroom 2, Bathroom 10, Bedroom 5, Bedroom 19, Bedroom 21, Bedroom 9, Bedroom 6, Bedroom 16, Bathroom 9, Bedroom 7, Bedroom 3, Bedroom 4, Bedroom 24, Bathroom 3, Bedroom 22, Bathroom 5, Bedroom 11, Bathroom 6, Bedroom 20, Bedroom 23, Bedroom 12, Bedroom 18, Bedroom 1, Bedroom 13, Bedroom 15, Bathroom 8, Bathroom 12, Bathroom 7, Bathroom 1, Bedroom 14, Bedroom 10, Bedroom 8, Bathroom 11, Bathroom 4, Bedroom 17
Parking 15
Parking features Assigned, Guest, On Street
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 River Front, Navigable Water, Seawall, River Access
Water front 1

Amenities

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 #SL3073233
Added: Jul 28 Changed: Jul 30 Last Checked: Jul 30 at 3:06PM
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.

For sale: a 6-duplex, 12-unit residential income property in Cocoa Beach built as all 2/1 units. The ownership configuration includes a mix of current in-place rentals, with 6 long-term tenants and 6 vacation rentals. Property improvements referenced in the remarks include updated kitchens and bathrooms, PVC drain work, a new TREX dock, and roof replacements approximately 7 to 9 years old. Additional stated upgrades include appliances, electrical, and HVAC all within about 6 years, along with a new asphalt main entrance/street.

The community is described as being on the Banana River, with beach access noted as about a 3-minute walk. The remarks also indicate that 2 boat slips are allowed.

Please do not walk the property without the listing agent, and do not conduct a drive-by without listing agent approval.

Key Highlights

  • Own 6 duplexes (12 total units), all 2/1 layout on a .7‑acre lot on the Banana River
  • Riverfront with seawall, navigable water, river access, and a new TREX dock
  • 2 boat slip allowed for on‑water access

Property Analytics

Current Use

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

Suggested Use

Top Pick Law Firm Real Estate Agency Auto Repair Shop HVAC Service Cafe & Coffee Shop Gym & Fitness Center

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
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

132
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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Six duplexes offer 12 two-bedroom units on a 0.7-acre lot near the Banana River and beach access.
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 $3,950,000.
What are key features of this property?
This property features: Own 6 duplexes (12 total units), all 2/1 layout on a .7‑acre lot on the Banana River; Riverfront with seawall, navigable water, river access, and a new TREX dock; 2 boat slip allowed for on‑water access
More about this property
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