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    Melbourne, FL Multifamily Properties for Sale

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    Palm Bay, FL Indialantic, FL Melbourne Beach, FL West Melbourne, FL Malabar, FL Indian Harbour Beach, FL Satellite Beach, FL Rockledge, FL
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    Restored Multifamily in Arts District
    Updated: May 1
    Restored Multifamily in Arts District

    658 Young Street, Melbourne, FL 32935

    $625,000
    3,144 sqft 0.11 AC lot
    Historic 4‑unit multifamily built in 1926, with each unit featuring 1BR/1BA plus a bonus room for office or creative space.
    Each unit includes two ductless wall‑mounted mini‑split systems; two units also have stacked washer/dryer.
    Upgrades include new plumbing, some new electrical, tankless water heaters, and impact windows in most areas.
    2022 shingle roof; remodeled interiors that preserve historic charm.
    Exterior features include a balcony; construction materials are block/concrete/stucco.
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    This listing looks promising.

    Here's a quick look at some key insights for

    658 Young Street, Melbourne, FL 32935

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    • Est. Cap Rate

      5.7%
      NOI ÷ price

    • Est. NOI

      $36K
      Annual

    • Mortgage

      $379K
      Nov 2023

    • Last Sold

      Mar 2019
      $375K

    • Property Type

      Quadplex
      Built 1926
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    Legal Duplex with Waterfront Dock
    Updated: Jun 8
    Legal Duplex with Waterfront Dock

    4480 S Highway 1, Grant, FL 32949

    $1,448,000
    2,168 sqft 1.18 AC lot
    Legal duplex with two units: 2/2 and 2/1; can be used combined as 4/3
    Waterfront property on the Indian River with 300' dock plus boat lift(s)
    Newer construction built in 2022
    Impact windows and metal roof
    Central HVAC; private well water with septic tank sewer
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    Well-Maintained Duplex Income Property
    Well-Maintained Duplex Income Property

    421 Butler Street, Melbourne, FL 32901

    $249,000
    1,125 sqft 0.14 AC lot

    Two rental units offer a simple live-in or investment setup with recent roof, exterior paint, and HVAC updates.

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    Mixed-Use Property with High Exposure
    Mixed-Use Property with High Exposure

    2016 Melbourne Ct, Melbourne, FL

    $2,149,000
    8,607 sqft 0.15 AC lot

    Mixed-use property with commercial and residential units in high-traffic area.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Mixed-Use Building With Retail Spaces
    Mixed-Use Building With Retail Spaces

    620 E New Haven Avenue, Melbourne, FL 32901

    $1,550,000
    4,443 sqft 0.19 AC lot

    Mixed-use building featuring apartments and retail spaces with recent renovations.

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    Multifamily Investment Opportunity in Melbourne
    Multifamily Investment Opportunity in Melbourne

    2716 RIVERVIEW DRIVE A, Melbourne, FL 32901

    $1,100,000
    3,194 sqft 0.49 AC lot

    Turn-key investment property with five units near Downtown Melbourne.

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    Apartment Investment Near Florida Tech
    Apartment Investment Near Florida Tech

    150 & 220 E University Blvd, Melbourne, FL 32901

    $30,000,000

    Value-add property near Florida Tech with significant capital improvements.

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    Proposed Mixed-Use Development Site
    Proposed Mixed-Use Development Site

    3999 S Babcock St #5, Melbourne, FL 32901

    Contact for pricing
    374,616 sqft

    Sustainable mixed-use development site in Melbourne City Center.

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    Hospitality, Multifamily, Office
    Hospitality, Multifamily, Office

    973 N Harbor City Blvd, Melbourne, FL 32935

    $1,300,000

    Short term rental properties

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    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 9 Active listings in Melbourne, FL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 63 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Remodeled Quadplex For Sale
    Remodeled Quadplex For Sale

    2012 Tree Ridge Lane NE, Palm Bay, FL 32905

    $649,900
    3,516 sqft 0.43 AC lot

    Completely remodeled multifamily property with two units currently vacant and ready to rent.

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    Well-Maintained Duplex with Fenced Yard
    Well-Maintained Duplex with Fenced Yard

    209-215 S Riverside Drive, Indialantic, FL 32903

    $659,000
    1,751 sqft 0.23 AC lot

    Corner-lot duplex with two separate electric meters, new A/C, and a fully fenced yard.

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    Beachside Triplex on Corner Lot
    Beachside Triplex on Corner Lot

    139 2nd AVE, Indialantic, FL 32903

    $799,000
    14,810 sqft 0.34 AC lot

    Fully occupied triplex one block from the ocean.

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    Palm Bay Multifamily Development Land
    Palm Bay Multifamily Development Land

    1460 Par Street NE, Palm Bay, FL 32907

    $720,000
    1.97 AC lot

    1.97 acre multifamily lot zoned for up to 25 units.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Recreational Land Near St Cloud
    Recreational Land Near St Cloud

    Saint Cloud, FL 34771

    Contact for pricing
    1.25 AC lot

    1.25 acre recreational lot perfect for outdoor activities.

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    Waterfront RV Lot with Dock
    Waterfront RV Lot with Dock

    568 WATERWAY DRIVE, River Ranch, FL 33867

    $315,000
    0.07 AC lot

    RV lot with private dock and resort amenities.

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    Waterfront RV Resort Lot
    Waterfront RV Resort Lot

    436 WATERWAY DRIVE, River Ranch, FL 33867

    $300,000
    0.07 AC lot

    RV resort lot on waterway leading to Kissimmee River.

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    Luxury RV Lot in River Ranch
    Luxury RV Lot in River Ranch

    376 BEAR TRAIL, River Ranch, FL 33867

    $189,000
    0.09 AC lot

    RV lot with amenities near Lake Kissimmee.

    View details

    Off-Market Properties in Melbourne, FL

    Consider similar Off-Market properties in Melbourne, FL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    4090 Aurora Rd Lot, Unit 15
    MOBILE HOME PARK, TRAILER PARK

    4090 Aurora Rd Lot, Melbourne, FL 32934-7165

    Unit 15
    $1,395,000
    Estimated value
    365 sqft 6.21 AC lot
    View details
    825 University Blvd, Unit 101
    APARTMENT HOUSE (5+ UNITS)

    825 University Blvd, Melbourne, FL 32901-7173

    Unit 101
    $4,500,000
    Estimated value
    9,030 sqft 2.08 AC lot
    View details
    2307 Pizarro Ln, Unit 1201
    APARTMENT HOUSE (5+ UNITS)

    2307 Pizarro Ln, Melbourne, FL 32940-7525

    Unit 1201
    Value Estimation by Request
    32,244 sqft 13.29 AC lot
    View details
    2544 Judge Fran Jamieson Way
    APARTMENT HOUSE (5+ UNITS)

    2544 Judge Fran Jamieson Way, Melbourne, FL 32940

    $20,495,000
    Estimated value
    141,194 sqft 12.95 AC lot
    View details
    540 Hibiscus Blvd
    APARTMENT HOUSE (5+ UNITS)

    540 Hibiscus Blvd, Melbourne, FL 32901-3229

    $4,320,000
    Estimated value
    47,478 sqft 2.00 AC lot
    View details
    1207 Riv Dr
    APARTMENT HOUSE (5+ UNITS)

    1207 Riv Dr, Melbourne, FL 32901-7358

    Value Estimation by Request
    7,977 sqft 0.52 AC lot
    View details
    204 Seminole Ave
    APARTMENT HOUSE (5+ UNITS)

    204 Seminole Ave, Melbourne, FL 32901-2962

    $2,065,000
    Estimated value
    15,314 sqft 0.62 AC lot
    View details
    115 Seminole Ave
    APARTMENT HOUSE (5+ UNITS)

    115 Seminole Ave, Melbourne, FL 32901-2958

    $2,965,000
    Estimated value
    16,384 sqft 0.57 AC lot
    View details
    1625 Elizabeth St
    APARTMENT HOUSE (5+ UNITS)

    1625 Elizabeth St, Melbourne, FL 32901-4323

    $4,000,000
    Estimated value
    3,944 sqft 0.75 AC lot
    View details
    3151 Babcock St
    APARTMENT HOUSE (5+ UNITS)

    3151 Babcock St, Melbourne, FL 32901-6913

    $2,040,000
    Estimated value
    22,128 sqft 11.74 AC lot
    View details
    2424 Metfield Dr
    HIGH-RISE APARTMENTS

    2424 Metfield Dr, Melbourne, FL 32940-5308

    $13,020,000
    Estimated value
    143,835 sqft 11.64 AC lot
    View details
    100 University Blvd
    APARTMENT HOUSE (5+ UNITS)

    100 University Blvd, Melbourne, FL 32901-7653

    $1,685,000
    Estimated value
    19,352 sqft 6.88 AC lot
    View details
    3192 Celina Lngarage-5
    APARTMENT HOUSE (5+ UNITS)

    3192 Celina Lngarage-5, Melbourne, FL 32934-8477

    $4,925,000
    Estimated value
    48,986 sqft 25.66 AC lot
    View details
    8910 Trafford Dr
    HIGH-RISE APARTMENTS

    8910 Trafford Dr, Melbourne, FL 32940-8330

    Value Estimation by Request
    135,519 sqft 5.26 AC lot
    View details
    1350 Westover St, Unit 103
    APARTMENT HOUSE (5+ UNITS)

    1350 Westover St, Melbourne, FL 32935-5374

    Unit 103
    $3,075,000
    Estimated value
    3,200 sqft 2.69 AC lot
    View details

    Melbourne, FL Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Melbourne, FL, showcased through 9 active listings on our real estate platform. These investment opportunities span a total of 23,707 square feet of properties for sale, with an estimated market value of $7,350,900.

    Sale prices for multifamily properties in Melbourne, FL start at $229,900, averaging $1,050,128, and reaching up to $2,149,000 — 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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    Map

    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 6
    Duplexes 2
    Quadplexes 1
    Short term rental properties 1
    Small apartment buildings 1

    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 $427.5K
    32901 $7.3M

    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

    Property Size Breakdown

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

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    Most Searched ZIP Codes in Melbourne, FL

    • 32901
    • 32935
    • 32949

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