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    Merritt Island, FL Multifamily Properties for Sale

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    Melbourne, FL Rockledge, FL Cocoa Beach, FL
    Merritt Island Multifamily Investment Opportunity
    $395,000
    2,243 SF
    Merritt Island Multifamily Investment Opportunity

    347 W Merritt Avenue, Merritt Island, FL 32953

    Duplex with triplex conversion potential near schools, shopping, and restaurants.
    • Potential for immediate income generation as a duplex.
    • Easily convertible back to a triplex for increased rental income potential.
    • Includes a spacious 2‑bedroom, 1‑bath unit, plus two 1‑bedroom, 1‑bath units (in triplex configuration).
    • Conveniently located less than two miles from all schools and blocks from Mila Elementary.
    • Proximity to shopping and restaurants.
    Updated: Feb 29, 2024
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    Based on your search, we've compiled 25 Potential Opportunities for your consideration. Besides 1 Active listings in Merritt Island, FL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 16 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.

    Waterfront Income Property in Cocoa
    $2,525,000
    Waterfront Income Property in Cocoa

    Unique waterfront property with multiple income-producing buildings in Cocoa Village.

    11 MITCHELL St, Cocoa, FL 32922

    View details
    Cocoa Beach Multifamily Property
    $1,390,000
    2,919 SF
    Cocoa Beach Multifamily Property

    Remodeled multifamily property near the beach, suitable for various uses.

    492 Dempsey Drive, Cocoa Beach, FL 32931

    View details
    Cocoa, FL Multifamily Community
    $1,380,000
    Cocoa, FL Multifamily Community

    12-unit multifamily community in Cocoa, Florida.

    150 Peachtree St, Cocoa, FL 32922

    View details
    Luxury Condominium Development Opportunity
    $13,500,000
    34,878 SF
    Luxury Condominium Development Opportunity

    New 14-unit ocean-view condominium development in Cocoa Beach, Florida.

    327 Wilson Avenue, Cocoa Beach, FL 32931

    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.

    Waterfront Development Property in Orlando
    Contact for pricing
    Waterfront Development Property in Orlando

    Largest waterfront development property in Central Florida with extensive frontage.

    19543 E Colonial Dr, Orlando, FL 32820

    View details
    Vacant Land in St. Cloud
    Contact for pricing
    Vacant Land in St. Cloud

    Vacant land available in St. Cloud, Florida.

    Saint Cloud, FL 34771

    View details
    Recreational Land Near St Cloud
    Contact for pricing
    1.25 Acres
    Recreational Land Near St Cloud

    1.25 acre recreational lot perfect for outdoor activities.

    Saint Cloud, FL 34771

    View details
    Waterfront Lot on Canal
    $95,000
    0.07 Acres
    Waterfront Lot on Canal

    Waterfront vacant lot on canal leading to Lake Center.

    Saint Cloud, FL 34771

    View details

    Off-Market Properties in Merritt Island, FL

    Consider similar Off-Market properties in Merritt Island, 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.

    3100 Tropical Trl Lot, Unit 2
    MOBILE HOME PARK, TRAILER PARK
    276 SF Lot: 2.40 Acres
    Value Estimation by Request
    Unit 2

    3100 Tropical Trl Lot, Merritt Island, FL 32952-6006

    View details
    1620 Hl Ave
    APARTMENT HOUSE (5+ UNITS)
    6,708 SF Lot: 0.30 Acres
    Value Estimation by Request

    1620 Hl Ave, Merritt Island, FL 32953-4322

    View details
    300 Kelly St, Unit 152
    MOBILE HOME PARK, TRAILER PARK
    612 SF Lot: 27.24 Acres
    Estimated value
    $2,930,000
    Unit 152

    300 Kelly St, Merritt Island, FL 32953-6734

    View details
    1165 Jordan Rd
    APARTMENT HOUSE (5+ UNITS)
    7,276 SF Lot: 8.47 Acres
    Estimated value
    $9,600,000

    1165 Jordan Rd, Merritt Island, FL 32953-4416

    View details
    229 Ligustrum Ln
    APARTMENT HOUSE (5+ UNITS)
    11,520 SF Lot: 6.08 Acres
    Estimated value
    $1,275,000

    229 Ligustrum Ln, Merritt Island, FL 32953-5501

    View details
    485 Tropical Trl
    APARTMENT HOUSE (5+ UNITS)
    9,178 SF Lot: 2.24 Acres
    Estimated value
    $1,400,000

    485 Tropical Trl, Merritt Island, FL 32952-4969

    View details
    3524 Ashley Ct, Unit 34
    MOBILE HOME PARK, TRAILER PARK
    300 SF Lot: 7.50 Acres
    Value Estimation by Request
    Unit 34

    3524 Ashley Ct, Merritt Island, FL 32953-8018

    View details
    600 Kurek Ct, Unit 118
    APARTMENT HOUSE (5+ UNITS)
    46,369 SF Lot: 3.86 Acres
    Estimated value
    $5,455,000
    Unit 118

    600 Kurek Ct, Merritt Island, FL 32953-4804

    View details
    442 Magnolia Ave
    APARTMENT HOUSE (5+ UNITS)
    18,333 SF Lot: 0.53 Acres
    Estimated value
    $1,620,000

    442 Magnolia Ave, Merritt Island, FL 32952-4869

    View details
    1155 Courtenay Pkwy
    APARTMENT HOUSE (5+ UNITS)
    34,494 SF Lot: 20.80 Acres
    Estimated value
    $2,735,000

    1155 Courtenay Pkwy, Merritt Island, FL 32953-4512

    View details
    88 Skylark Ave, Unit 1000
    APARTMENT HOUSE (5+ UNITS)
    83,600 SF Lot: 11.91 Acres
    Estimated value
    $11,695,000
    Unit 1000

    88 Skylark Ave, Merritt Island, FL 32953-3206

    View details
    1065 Loring Dr
    APARTMENT HOUSE (5+ UNITS)
    9,008 SF Lot: 8.65 Acres
    Estimated value
    $1,080,000

    1065 Loring Dr, Merritt Island, FL 32953-2506

    View details
    439 Magnolia Ave
    APARTMENT HOUSE (5+ UNITS)
    21,666 SF Lot: 1.38 Acres
    Estimated value
    $1,985,000

    439 Magnolia Ave, Merritt Island, FL 32952-4821

    View details
    132 Gator Dr
    Multifamily properties
    Value Estimation by Request

    132 Gator Dr, Merritt Island, FL 32953

    View details
    132 Gator Dr
    Multifamily properties
    Value Estimation by Request

    132 Gator Dr, Merritt Island, FL 32953

    View details
    84 Banana Riv Dr # Dr
    Multifamily properties
    Value Estimation by Request

    84 Banana Riv Dr # Dr, Merritt Island, FL 32952

    View details

    Merritt Island, FL Multifamily Properties Investment Opportunities Market Analysis

    Explore 17 multifamily properties for sale in Merritt Island, FL on our real estate platform. These investment opportunities span a total of 2,243 square feet of properties for sale, with an estimated market value of $395,000.

    Sale prices for multifamily properties in Merritt Island, FL start at $395,000, averaging $395,000, and reaching up to $395,000 — 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

    Duplexes 1

    Demographics Overview

    Population 46K
    Population Growth (5Y) +2.9%
    Median Household Income $90,907
    College Educated 37.7%

    High-Yield Neighborhoods for Investment

    Identify Merritt Island submarkets with the highest inventory density on the market and evaluate the median listing prices of real estate assets

    Neighborhood Average Price
    32953 $395K

    Taxes & Financing

    Tax Rate (average for all types) 1.03%
    Property Tax per SF $25.97 per sq ft
    Tax Rate vs County Average 0.32 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    Total CRE Area on Market Trend

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