Vero Beach, FL Multifamily Properties for Sale

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38 properties

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Updated: Aug 13

Concrete-Block Duplex with Porches

2340 16th Avenue, Vero Beach, FL 32960

$399,000

1,456 sqft 0.29 AC lot

Two‑apartment duplex with 1,456 square feet of total building area
Each apartment is approximately 728 square feet with 2 bedrooms and 1 bathroom
Updated kitchens, central air conditioning, and in‑unit washer and dryer in each apartment
Screened rear porch and private patio provided for each apartment
0.29‑acre site in a non‑flood zone near downtown Vero Beach and the library

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Updated: Apr 20

Four-Unit Quadplex with Central HVAC

919 Turtle Cove Lane, Vero Beach, FL 32963

$1,500,000

3,200 sqft 0.24 AC lot

(4) 2‑bedroom units in a four‑unit quadplex
Zoned RM‑10/12
0.24‑acre lot
Built in 1969
Concrete block and stucco construction

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Concrete-Block Duplex Near Beach

1505 Coral Ave, Vero Beach, FL 32963

$2,390,000

3,099 sqft

Corner-lot property with Multifamily (2-9 units) zoning and private outdoor areas for the residences.

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Zoned Multifamily Development Site

7775 20th St, Vero Beach, FL 32966

$700,000

2,954 sqft

Zoned for up to 15 units per acreage, with water lines in place and sewer available for development planning.

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CBS Duplex Property with Expansion Potential

4576 30TH Avenue, Vero Beach, FL 32967

$244,750

650 sqft 0.23 AC lot

2024 construction offers a flexible layout, durable finishes, and public water and sewer service.

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Four-Unit Multifamily Property

1135 17th Place, Vero Beach, FL 32960

$684,999

1,504 sqft 0.14 AC lot

Fully occupied four-unit property with separate electric meters, public utilities, and a newer rear duplex.

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Updated Duplex with Storage

4250 29th Avenue, Vero Beach, FL 32967

$189,000

908 sqft 0.28 AC lot

Two-unit layout with RM-10 multifamily zoning and a detached shed.

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Four-Unit Income Property with Duplex Structure

1135 17th Place, Vero Beach, FL 32960

$684,999

1,504 sqft

Four fully occupied units with separate electric meters and newer rear duplex construction, offering straightforward renovation-based upside.

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Duplex with Two Detached Homes

940 19TH Street, Vero Beach, FL 32960

$279,000

843 sqft 0.16 AC lot

Two residences offer separate living arrangements, updated kitchens, private outdoor areas, and individual laundry rooms.

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Updated Duplex with Separate Utilities

1504 41st Avenue, Vero Beach, FL 32960

$399,000

1,910 sqft 0.29 AC lot

Two residential units offer flexible occupancy, including a vacant side and month-to-month leasing arrangement.

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Multifamily Investment Opportunity in Vero

Vero Beach, FL 32967

$515,000

1,462 sqft 1.50 AC lot

Three homes on 1.5 acres, income potential, central location.

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Three-Home Multifamily Property

2840 41st Street, Vero Beach, FL 32967

$515,000

1.50 AC lot

Three detached residences with public water and sewer support an income-producing residential property without HOA restrictions.

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Quadplex with Separate Electric Meters

1135 17th Place, Vero Beach, FL 32960

$684,999

0.14 AC lot

Fully occupied four-unit property with public water and sewer, off-street parking, and a two-building configuration.

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Two-Home Duplex Property

940 19th St Sw, Vero Beach, FL 32962

$279,000

843 sqft

Separate residences provide a two-bedroom/two-bath and one-bedroom/one-bath configuration with individual laundry rooms.

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4-Unit Beachside Quadplex

950 Sandpiper Lane, Vero Beach, FL 32963

$1,500,000

Four separate condo units near the beach support short-term or long-term rental use.

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Renovated Two-Unit Duplex

9430+9436 Sea Grape Drive, Vero Beach, FL 32963

$1,145,000

2,248 sqft

Two updated residences offer separate utilities, individual garages, and flexibility for rental, seasonal, or multigenerational use.

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36-Unit Apartment Community

1825 40th Ave, Vero Beach, FL 32960

$5,500,000

26,532 sqft 1.26 AC lot

Six concrete-block buildings offer an all two-bedroom apartment mix with shared laundry and property-wide security cameras.

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Updated Duplex with Tile Flooring

1806 22nd Avenue, Vero Beach, FL 32960

$375,000

1,568 sqft 0.17 AC lot

Two-bedroom units with one bath each, tile flooring, and current occupancy in a downtown setting.

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Concrete Block Duplex-Conversion Home

4576 30TH Avenue, Vero Beach, FL 32967

$244,750

650 sqft

Newer concrete block property on a double lot with impact windows and a metal roof, plus a long driveway.

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Mixed-Use Complex with Apartments

1615 14th Avenue, Vero Beach, FL 32960

$5,900,000

2.07 AC lot

C-1-zoned complex combines residential units with retail, office, restaurant, and medical space.

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Duplex Residential Income Property

4250 29th Avenue, Vero Beach, FL 32967

$189,000

908 sqft

For sale duplex featuring 908 total square feet at 4250 29th Avenue.

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Updated Downtown Duplex

1806 22nd Avenue, Vero Beach, FL 32960

$375,000

Both units are leased and offer tile flooring, off-street parking, and landscaped outdoor space.

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Vero Beach Mixed-Use Complex

1615 14th Ave, Vero Beach, FL 32960

$5,900,000

36,545 sqft 2.07 AC lot

36,545 sq ft mixed-use complex in Vero Beach.

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Updated Duplex with Move-In Ready Unit

1504 41st Avenue, Vero Beach, FL 32960

$399,000

1,910 sqft

Updated duplex with a renovated 2BR tenant-occupied unit and a vacant 3BR unit, both with modernized living spaces.

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Vero Beach, FL Multifamily Properties Market Trends and Statistics

Explore 72 multifamily properties for sale in Vero Beach, FL, showcased through 38 active listings on our real estate platform. These investment opportunities span a total of 111,530 square feet of properties for sale, with an estimated market value of $55,081,397.

Sale prices for multifamily properties in Vero Beach, FL start at $189,000, averaging $1,669,133, and reaching up to $11,950,000 — 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 127K

Population Growth (5Y) +10.6%

Median Household Income $76,091

College Educated 30.9%

High-Yield Neighborhoods for Investment

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

Neighborhood	Average Price
32962	$279K
32967	$316.3K
32966	$700K
32963	$1.4M
32960	$2.5M

Taxes & Financing

Tax Rate (average for all types) 1.45%

Property Tax per SF $23.77 per SF

Tax Rate vs County Average 0.02 pp below county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Indian River County

New Delisted

Total CRE Inventory on Market (SF)

Property Size Breakdown

The majority of commercial real estate listings in Vero Beach fall within the 25,000 to 50,000 square foot range.

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