658 Young Street, Melbourne, FL 32935
MULTI_FAMILY - Melbourne, FL
- Added:
- May 1, 2026
- Days on Market:
- 49
- Last Refresh:
- Jun 18 at 8:06 am
Property Features for 658 Young Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bathroom 3, Bathroom 1, Bedroom 2, Bedroom 4, Bathroom 2, Bathroom 4, Bedroom 3, Bedroom 1
- Parking
- 8
- Parking features
- Guest, Assigned, Parking Lot, Driveway
- Exterior features
- Balcony
- Fireplace
- 1
- Appliances
- Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator, Tankless Water Heater, Washer/Dryer Stacked
- Standard status
- Active
- APN
- 27-37-21-05-00000.0-0007.00
- Size
- 3,144 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- SNELLS S/D OF LOT 25 HOUSTONS ADD TO EAU GALLIE LOT 7
- Tax Annual Amount
- 7094
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Varies by Unit (Heating)
- Cooling system
- Multi Units
- Water source
- Public
Building Details
- Year built
- 1926
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Laminate
- Building materials
- Block, Concrete, Stucco
- Roof type
- Shingle
Listing agent Donna A Gianotti-Kelley (321) 806-6362
Listing office Space Coast Realty & Inv. LLC 101 S Courtenay Pkwy, Cape Canaveral, FL (321) 783-5000
Listing date May 1, 2026
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
- Restored historic multifamily built in 1926 in the Eau Gallie Arts District with 4 units, each a 1BR/1BA
- Upgrades include new plumbing, some new electrical, and tankless water heaters
- Most units have impact windows, plus 2022 shingle roof
- Each unit includes two ductless wall‑mounted mini‑split systems; heating varies by unit
- In‑unit laundry includes stacked washer/dryer in two units
- Utilities include public water and public sewer; cable available
Overview
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 | $54.7k | $17.40 |
| − Vacancy | −$3.6k | −$1.13 |
| EGI | $51.1k | $16.27 |
| − OpEx | −$15.3k | −$4.88 |
| NOI | $35.8k | $11.39 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Melbourne
- County
- Brevard
- State
- Florida
- Longitude
- -80.628685
- Latitude
- 28.127283
