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    Vero Beach, FL Multifamily Properties for Sale

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    Mixed-Use Commercial Complex
    Updated: Mar 25, 2025
    Mixed-Use Commercial Complex

    1615 14th Avenue, Vero Beach, FL 32960

    $5,900,000
    36,545 sqft 2.07 AC lot
    Prime 36,545 sq ft mixed‑use commercial complex.
    Features 12 residential apartments plus retail, office, restaurants, and medical spaces.
    Located in a high‑traffic area with excellent road frontage.
    Includes ample parking and an elevator.
    New 2023 roof and ongoing upgrades.
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    This listing looks promising.

    Here's a quick look at some key insights for

    1615 14th Avenue, Vero Beach, FL 32960

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    • Est. Cap Rate

      6.9%
      Above avg (5.9%)

    • Est. NOI

      $410K
      Annual

    • Price @ 7% Cap

      $5.85M
      Suggested

    • Last Sold

      Sep 2018
      $1.4M

    • Property Type

      Office Building
      Built 1989
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    Concrete Block Duplex on Corner Lot
    Updated: Jul 8
    Concrete Block Duplex on Corner Lot

    1505 Coral Ave, Vero Beach, FL 32963

    $2,390,000
    3,099 sqft
    Concrete block duplex on a corner lot zoned Multi‑Family (2‑9 units)
    Total 3,299 A/C SF with central air and central electric heating
    Year built 1976; aluminum roof and tile flooring
    Unit 1: 3BD/2BA plus den
    Unit 2: divided into two 3BD/2BA units, each with a private enclosed patio
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    Concrete Block 4-Unit Multifamily
    Concrete Block 4-Unit Multifamily

    919 Turtle Cove Lane, Vero Beach, FL 32963

    $1,500,000
    3,200 sqft 0.24 AC lot

    Four 2-bedroom units in a concrete block multifamily building in Vero Beach’s barrier island area.

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    Updated Duplex with Storage Shed
    Updated Duplex with Storage Shed

    4250 29th Avenue, Vero Beach, FL 32967

    $189,000
    908 sqft 0.28 AC lot

    Renovated duplex on an RM-10 zoned lot with two separate units and a detached storage shed.

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    Four-Unit Income Property with Duplex Structure
    Four-Unit Income Property with Duplex Structure

    1135 17th Place, Vero Beach, FL 32960

    $694,999
    1,595 sqft

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

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    Four-Unit Income Quadplex
    Four-Unit Income Quadplex

    1135 17th Place, Vero Beach, FL 32960

    $689,999
    1,504 sqft 0.14 AC lot

    Fully occupied four-unit income property with separate electric meters and city water/sewer service in downtown Vero Beach.

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    Concrete Block Residential Income Property
    Concrete Block Residential Income Property

    4576 30th Avenue, Vero Beach, FL 32967

    $245,000
    650 sqft 0.30 AC lot

    2024 concrete block property with impact windows and doors, metal roof, tile flooring, and long driveway on a double lot.

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    Updated Duplex with Separate Utilities
    Updated Duplex with Separate Utilities

    1504 41st Avenue, Vero Beach, FL 32960

    $399,000
    1,910 sqft 0.29 AC lot

    Updated duplex offering separate utilities, a screened porch, and a newer metal roof across two residential units.

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    Duplex Residential Income Property
    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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    Vero Beach Multifamily Investment Opportunity
    Vero Beach Multifamily Investment Opportunity

    706-720-738 19th Street, Vero Beach, FL 32960

    $1,650,000
    0.95 AC lot

    Fully leased multifamily property with development potential in Vero Beach.

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    Four-Unit Income Property
    Four-Unit Income Property

    1135 17th Place, Vero Beach, FL 32960

    $689,999
    0.14 AC lot

    Four fully occupied units in downtown Vero Beach with separate electric meters and newer construction in the rear duplex.

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    Multifamily Investment Opportunity in Vero
    Multifamily Investment Opportunity in Vero

    2840 41st St, 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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    Vero Beach Income Producing Duplex
    Vero Beach Income Producing Duplex

    1806 22nd Avenue, Vero Beach, FL 32960

    $385,000
    1,568 sqft 0.17 AC lot

    Income-producing duplex in downtown Vero Beach, close to shopping.

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    Duplex with In-Unit Laundry
    Duplex with In-Unit Laundry

    1747-1749 25th Street, Vero Beach, FL 32960

    $359,000
    1,646 sqft 0.22 AC lot

    Two rent-ready units each feature a full appliance set and in-unit washer/dryer, with tile flooring throughout.

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    Vero Beach Multifamily Income Property
    Vero Beach Multifamily Income Property

    915 Turtle Cove Ln, Vero Beach, FL 32963

    $900,000
    2,400 sqft

    Income-producing multifamily property near beach access in Vero Beach.

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    Beachside 4-Unit Condo Property
    Beachside 4-Unit Condo Property

    950 Sandpiper Lane, Vero Beach, FL 32963

    $1,500,000

    For sale 4-unit beachside condo property across from the beach in Vero Beach, Florida.

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    Concrete Block Duplex-Conversion Home
    Concrete Block Duplex-Conversion Home

    4576 30TH Avenue, Vero Beach, FL 32967

    $245,000
    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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    Vero Beach Income Property
    Vero Beach Income Property

    1806 22nd Avenue, Vero Beach, FL 32960

    $385,000

    Income-producing duplex in downtown Vero Beach, recently updated.

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    Vero Beach Mixed-Use Complex
    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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    Central Beach Triplex For Sale
    Central Beach Triplex For Sale

    5008 Tradewinds Dr, Vero Beach, FL 32963

    $1,399,000
    0.24 AC lot

    Triplex near beach with updated features and ample parking.

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    Vero Beach Multifamily Investment
    Vero Beach Multifamily Investment

    919 Turtle Cove Ln, Vero Beach, FL 32963

    $1,500,000
    0.24 AC lot

    Four-unit building near beach in Vero Beach.

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    Beachside Duplex in Superior Location
    Beachside Duplex in Superior Location

    566-576 Azalea Ln, Vero Beach, FL 32963

    $1,450,000
    0.30 AC lot

    Vintage duplex near beach, shops, and restaurants. Development potential.

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    Income Producing Duplex
    Income Producing Duplex

    1806 22nd Avenue, Vero Beach, FL 32960

    $385,000
    1,568 sqft

    Duplex with two rented units, each offering two bedrooms and one bath, with recently updated, tile-finished interiors.

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    Commercial
    Commercial

    2101 14th Ave, Vero Beach, FL 32960

    $4,400,000

    Mixed-use properties

    View details

    Vero Beach, FL Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Vero Beach, FL, showcased through 26 active listings on our real estate platform. These investment opportunities span a total of 92,304 square feet of properties for sale, with an estimated market value of $19,863,998.

    Sale prices for multifamily properties in Vero Beach, FL start at $189,000, averaging $1,655,333, and reaching up to $5,900,000 — 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

    Duplexes 13
    Apartment buildings 7
    Quadplexes 6
    Short term rental properties 4
    Triplexes 1

    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
    32967 $515K
    32963 $1.6M
    32960 $1.7M

    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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