Melbourne, FL Multifamily Properties for Sale

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West Melbourne, FL Palm Bay, FL Indialantic, FL Melbourne Beach, FL Malabar, FL Indian Harbour Beach, FL Merritt Island, FL

28 properties

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Updated: Jun 8

Legal Duplex with Dock

4480 S Highway 1, Grant, FL 32949

$1,448,000

2,168 sqft 1.18 AC lot

Legal duplex with units configured as 2/2 and 2/1, plus option to combine to 4/3
TU‑1 zoning
Built in 2022 with impact windows, central heating and central air, and tile flooring
300' dock with two lifts on Indian River waterfront with navigable water and river access
Gated driveway parking plus fenced property and mature oaks on a large lot

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Updated: May 1

Historic Quadplex with Updated Systems

658 Young Street, Melbourne, FL 32935

$625,000

3,144 sqft 0.11 AC lot

Four 1BR/1BA units with 3,144 square feet of total property size
0.11‑acre parcel in Melbourne’s Eau Gallie Arts District
2022 roof, new plumbing, some new electrical, and tankless water heaters
Each unit has two ductless wall‑mounted mini‑split systems
Two units include stackable washer/dryers

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12-Unit Apartment Building

168-238 Hidden Woods Place, Melbourne, FL 32901

$3,895,000

0.10 AC lot

Newly built townhome-style residences offer individual deeds, attached garages, and covered porches in Melbourne.

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Well-Maintained Duplex Investment

421 Butler Street, Melbourne, FL 32901

$249,000

1,125 sqft

Two separate units include a newer central air system, plus a recent roof and exterior paint within five years.

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Under-Construction Quadplex with Garages

168-198 Hidden Woods Place, Melbourne, FL 32901

$1,299,900

0.10 AC lot

Fully leased four-unit property with individually deeded townhomes and flexible rental options.

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Concrete Quadplex with Townhome Units

208-238 Hidden Woods Place, Melbourne, FL 32901

$1,299,900

0.09 AC lot

Four individually deeded townhome units offer varied layouts, private garages, and no rental restrictions.

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Individually Deeded Quadplex

207-237 Hidden Woods Place, Melbourne, FL 32901

$1,299,900

0.10 AC lot

Four townhome-style residences combine distinct unit ownership with varied layouts, garages, covered porches, and impact windows.

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Triplex with Separate Laundry Hookups

1620-1622 Peachtree St, Melbourne, FL 32901

$569,900

2,118 sqft

Three residential units offer a varied floor-plan mix and individual washer-and-dryer connections.

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5-Unit Mixed-Use Building

911-919 E New Haven Ave, Melbourne, FL 32901

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8,607 sqft

Three retail suites and two apartments operate with individually metered electric service and modified gross lease structures.

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Melbourne Multifamily Investment Opportunity

825 E University Blvd, Melbourne, FL 32901

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37,800 sqft

Multifamily property for sale in Melbourne, Florida.

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New Construction Duplex with Corner Lot

184 & 188 Sunset Drive, Melbourne, FL 32904

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Two-unit property featuring contemporary finishes, impact windows and doors, and an open interior layout.

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New 15-Unit Apartment Community

187 Lake in the Woods Dr, Melbourne, FL 32901

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Concrete townhome construction with flexible rental options and distinct end-unit and interior-unit floor plans.

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Live-Work and Rental Property

693 Law St, Melbourne, FL 32935

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Fully renovated historic building with two full kitchens, six bedrooms, four baths, office/den, and C1 zoning.

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Mixed-Use Multifamily Redevelopment Opportunity

2500 S Harbor City Blvd, Melbourne, FL 32901

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For sale mixed-use multifamily redevelopment with three Class A buildings and potential for additional residential units.

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New Construction Duplex with Corner Lot

176 & 180 Sunset Drive, Melbourne, FL 32904

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Two-unit residence features upgraded interiors and impact-rated windows and doors.

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Renovated Furnished Apartment Building

1207 E River Drive, Melbourne, FL 32901

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0.52 AC lot

Nineteen furnished studios are professionally managed near the Indian River.

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Renovated Four-Unit Quadplex

1809 Highland Ave, Melbourne, FL 32935

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Updated residential income property with refreshed interiors, building systems, and a private garage serving one unit.

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Cottage-Style Triplex

158 West Court, Melbourne, FL 32904

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Three separate cottages offer two two-bedroom units and a newly completed studio on a spacious, shaded lot.

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Multifamily Rental Portfolio

2611 Kingsmill Ave, Melbourne, FL 32934

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Multifamily rental portfolio with documented income and operating performance.

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Furnished Duplex with Modern Design

603 E New Haven Avenue, Melbourne, FL 32901

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1,356 sqft

Updated, furnished duplex with short-term rental approval in downtown Melbourne.

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Fractured Condominium Rental Community

695 Short Hills Ln, Melbourne, FL 32901

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98-unit rental community featuring 15 two-story buildings with detached garages in a concrete-block product.

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Multifamily Home Portfolio

1714, 1800 & 1802 Pine St, Melbourne, FL 32901

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Income-producing residential assets are offered together near a hospital, shopping, and restaurants.

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Updated Beachside Duplex

147 & 159 Ocean View Lane, Melbourne, FL 32903

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Two refreshed residences combine private outdoor areas, garages, laundry rooms, and a shared screened pool near the beach.

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Briarstone Apartments

3034 Lipscomb St, Melbourne, FL 32901

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Multifamily property offered for sale in Melbourne, Florida.

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Melbourne, FL Multifamily Properties Market Trends and Statistics

Explore 72 multifamily properties for sale in Melbourne, FL, showcased through 28 active listings on our real estate platform. These investment opportunities span a total of 56,318 square feet of properties for sale, with an estimated market value of $11,005,600.

Sale prices for multifamily properties in Melbourne, FL start at $249,000, averaging $1,222,844, and reaching up to $3,895,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 355K

Population Growth (5Y) +9.2%

Median Household Income $80,265

College Educated 31.2%

High-Yield Neighborhoods for Investment

Identify Melbourne submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
32935	$472K
32901	$1.4M

Taxes & Financing

Tax Rate (average for all types) 1.44%

Property Tax per SF $22.92 per SF

Tax Rate vs County Average 0.03 pp above county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Brevard County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Brevard County

Office

Residential Income

Property Size Breakdown

The majority of commercial real estate listings in Melbourne fall within the 100,000+ square foot range.

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Melbourne, FL Multifamily Properties for Sale

4480 S Highway 1, Grant, FL 32949

658 Young Street, Melbourne, FL 32935

168-238 Hidden Woods Place, Melbourne, FL 32901

421 Butler Street, Melbourne, FL 32901

168-198 Hidden Woods Place, Melbourne, FL 32901

208-238 Hidden Woods Place, Melbourne, FL 32901

207-237 Hidden Woods Place, Melbourne, FL 32901

1620-1622 Peachtree St, Melbourne, FL 32901

911-919 E New Haven Ave, Melbourne, FL 32901

825 E University Blvd, Melbourne, FL 32901

184 & 188 Sunset Drive, Melbourne, FL 32904

187 Lake in the Woods Dr, Melbourne, FL 32901

693 Law St, Melbourne, FL 32935

2500 S Harbor City Blvd, Melbourne, FL 32901

176 & 180 Sunset Drive, Melbourne, FL 32904

1207 E River Drive, Melbourne, FL 32901

1809 Highland Ave, Melbourne, FL 32935

158 West Court, Melbourne, FL 32904

2611 Kingsmill Ave, Melbourne, FL 32934

603 E New Haven Avenue, Melbourne, FL 32901

695 Short Hills Ln, Melbourne, FL 32901

1714, 1800 & 1802 Pine St, Melbourne, FL 32901

147 & 159 Ocean View Lane, Melbourne, FL 32903

3034 Lipscomb St, Melbourne, FL 32901

Melbourne, FL Multifamily Properties Market Trends and Statistics

Top Commercial Asset Segments

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Listings Trend

Total CRE Inventory on Market (SF)

Average Property Price per SF

Office

Residential Income

Property Size Breakdown

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