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5-Unit Riverfront Apartment Building

9150 44th Avenue, Sebastian, FL 32958

For Sale
$1,390,000

ResidentialIncome, Sebastian, FL

Property Size33,106 SF
Lot Size0.76 Acres
Price / SF$41.99
Days on Market73

Property Features for 9150 44th Avenue

General Information

Property type Residential Multi Family
Property subtype Apartment
Zoning ,
Zoning description Residential
Parking 6
Parking features Off Street
Patio and Porch features Patio, Porch
Exterior features Porch, Patio
Lot features Half To One Acre Lot
View River
Elementary school district Indian River County Schools
Middle school district Indian River County Schools
High school district Indian River County Schools
Directions From US1 to right on 510 Causeway and left onto 44th Ave, property on the right.
Subdivision Sebastian County
Standard status Active
APN 31392800000001000011.0
Size 33,106 SF
Lot size 0.76 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description LONG LEGAL EXHIBIT A ATTACHED
Tax Annual Amount 12010
Legal Description LONG LEGAL EXHIBIT A ATTACHED

Utilities

Sewer type Septic Tank
Water source Well
Water front features River Front
Water front 1

Amenities

coin laundry
artesian well
water softener
2 sheds
dock with boat lift

Building Details

Year built 1959
Floors in Building 1
Flooring type Tile
Building materials Block, Concrete
Roof type Metal
Listing Agency: Dale Sorensen Real Estate Inc.
Listed By: Troy P Westover · License FL #3270315
Added: Sep 3 Changed: Nov 11 Last Checked: Nov 14 at 12:06AM
MLS# 299719

Copyright © 2026 Realtors Association of Indian River County. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This five-unit apartment property on the Indian River includes two one-bedroom, one-bathroom residences, two studios, and one two-bedroom, one-bathroom residence. Each unit has its own air-conditioning system and water heater. Additional features include stainless steel appliances, a dock with boat lift, coin-operated laundry, two storage sheds, an artesian well, and a water softener. The property was built in 1959 and occupies 0.76 acres.

Short-term rentals are permitted. The riverfront setting provides Indian River views, and beaches, boating, dining, and shopping are described as minutes away. Water service is from a well, with septic system service.

Key Highlights

  • Five units: two 1BR/1BA residences, two studios, and one 2BR/1BA residence
  • Riverfront property with Indian River views
  • Dock with boat lift

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

141
Businesses Nearby

Demographics for 32958, FL

28,619
Population
15,512
Households
1.8
Avg Household Size
58
Median Age
29%
College-Educated
92%
High-School Grad
27.9 sq mi
ZIP Area
1,026
Density / Sq Mi
$68,276
Median Household Income
$37,412
Median Earnings
$1,388
Median Rent
$279,100
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

Frequently Asked Questions

What type of property is this?
Apartment building - A varied unit mix is paired with a dock, boat lift, and on-site coin laundry.
Where is this apartment building located?
The property is located at 9150 44th Avenue Sebastian, FL.
What is the asking price?
The asking price for this property is $1,390,000.
What are key features of this property?
This property features: Five units: two 1BR/1BA residences, two studios, and one 2BR/1BA residence; Riverfront property with Indian River views; Dock with boat lift
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