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    Merritt Island, FL
    Residential Income

    Merritt Island, FL Residential Income Properties for Sale

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    Cocoa Beach, FL Rockledge, FL Malabar, FL Melbourne, FL Cape Canaveral, FL Cocoa, FL Satellite Beach, FL Crestview, FL
    Waterfront Residential Income Condo
    Updated: Aug 20
    Waterfront Residential Income Condo

    202 Ivory Coral Ln #302, Merritt Island, FL 32953

    $494,900
    1,266 sqft
    1,266 SF waterfront condominium built in 2020
    Fully furnished residence along the Canaveral Barge Canal
    Marina access with boat access to the port and ocean
    Onsite property management handles marketing and maintenance
    Under‑building parking, heated swimming pool, and fitness center
    View details
    See hot listings in Merritt Island

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

    Cap Rate available after sign in
    Est. NOI available after sign in
    Local Demand available after sign in
    Based on your search, we've compiled 53 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 44 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.

    Renovated Cape Canaveral Quadplex
    Renovated Cape Canaveral Quadplex

    214 Madison Avenue, Cape Canaveral, FL 32920

    $995,000
    3,582 sqft 0.30 AC lot

    Four-unit property with two updated residences, private outdoor space, dedicated storage, laundry areas, and generous parking.

    View details
    Renovated Quadplex with Outdoor Space
    Renovated Quadplex with Outdoor Space

    1-4-214 Madison Avenue, Cape Canaveral, FL 32920

    $995,000
    3,582 sqft

    Two units feature renovated interiors; the other two are occupied and can be updated over time.

    View details
    Duplex with Private Garages
    Duplex with Private Garages

    1515 Furnari St, Cocoa, FL 32922

    $724,999
    1,425 sqft

    Each residence combines three bedrooms, two bathrooms, a one-car garage, and included kitchen appliances.

    View details
    Three-Unit Multifamily Property
    Three-Unit Multifamily Property

    1523 Furnari St, Cocoa, FL 32922

    $699,900
    4,130 sqft

    Three residences offer consistent three-bedroom, two-bathroom layouts within a 2006-built income property.

    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.

    Buildable Homesite in Cocoa, Florida
    Buildable Homesite in Cocoa, Florida

    520 Arabella Lane, Cocoa, FL 32927

    $45,000
    0.18 AC lot

    Buildable homesite available for cash or owner financing.

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    Cleared C-1 Commercial Land
    Cleared C-1 Commercial Land

    E Grant Avenue, Cape Canaveral, FL 32920

    $399,500
    0.22 AC lot

    Cleared, level parcel with public water and sewer service in Cape Canaveral.

    View details
    Cocoa Village Multifamily Residential Lot
    Cocoa Village Multifamily Residential Lot

    0000 Lemon Street, Cocoa, FL 32922

    $175,000
    0.19 AC lot

    Residential lot in Cocoa Village, ideal for multifamily development.

    View details
    Residential Land in Brevard County
    Residential Land in Brevard County

    Cocoa, FL 32926

    Contact for pricing
    1.25 AC lot

    1.25 acres of vacant residential land, sold as 8 parcels.

    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

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

    Unit 2
    Estimated value:
    $310,000
    276 sqft 2.40 AC lot
    View details
    1620 Hl Ave
    APARTMENT HOUSE (5+ UNITS)

    1620 Hl Ave, Merritt Island, FL 32953-4322

    Estimated value:
    $195,000
    6,708 sqft 0.30 AC lot
    View details
    300 Kelly St, Unit 152
    MOBILE HOME PARK, TRAILER PARK

    300 Kelly St, Merritt Island, FL 32953-6734

    Unit 152
    Estimated value:
    $2,995,000
    612 sqft 27.24 AC lot
    View details
    1165 Jordan Rd
    APARTMENT HOUSE (5+ UNITS)

    1165 Jordan Rd, Merritt Island, FL 32953-4416

    Estimated value:
    $9,980,000
    7,276 sqft 8.47 AC lot
    View details
    229 Ligustrum Ln
    APARTMENT HOUSE (5+ UNITS)

    229 Ligustrum Ln, Merritt Island, FL 32953-5501

    Estimated value:
    $1,275,000
    11,520 sqft 6.08 AC lot
    View details
    485 Tropical Trl
    APARTMENT HOUSE (5+ UNITS)

    485 Tropical Trl, Merritt Island, FL 32952-4969

    Estimated value:
    $1,400,000
    9,178 sqft 2.24 AC lot
    View details
    3524 Ashley Ct, Unit 34
    MOBILE HOME PARK, TRAILER PARK

    3524 Ashley Ct, Merritt Island, FL 32953-8018

    Unit 34
    Estimated value:
    $440,000
    300 sqft 7.50 AC lot
    View details
    600 Kurek Ct, Unit 118
    APARTMENT HOUSE (5+ UNITS)

    600 Kurek Ct, Merritt Island, FL 32953-4804

    Unit 118
    Estimated value:
    $5,455,000
    46,369 sqft 3.86 AC lot
    View details
    442 Magnolia Ave
    APARTMENT HOUSE (5+ UNITS)

    442 Magnolia Ave, Merritt Island, FL 32952-4869

    Estimated value:
    $1,620,000
    18,333 sqft 0.53 AC lot
    View details
    1155 Courtenay Pkwy
    APARTMENT HOUSE (5+ UNITS)

    1155 Courtenay Pkwy, Merritt Island, FL 32953-4512

    Estimated value:
    $2,735,000
    34,494 sqft 20.80 AC lot
    View details
    88 Skylark Ave, Unit 1000
    APARTMENT HOUSE (5+ UNITS)

    88 Skylark Ave, Merritt Island, FL 32953-3206

    Unit 1000
    Estimated value:
    $11,695,000
    83,600 sqft 11.91 AC lot
    View details
    1065 Loring Dr
    APARTMENT HOUSE (5+ UNITS)

    1065 Loring Dr, Merritt Island, FL 32953-2506

    Estimated value:
    $1,080,000
    9,008 sqft 8.65 AC lot
    View details
    439 Magnolia Ave
    APARTMENT HOUSE (5+ UNITS)

    439 Magnolia Ave, Merritt Island, FL 32952-4821

    Estimated value:
    $1,985,000
    21,666 sqft 1.38 AC lot
    View details
    155 Hacienda Dr
    Land

    155 Hacienda Dr, Merritt Island, FL 32952

    Estimated value:
    No data
    View details
    475 Pine Island Rd
    Land

    475 Pine Island Rd, Merritt Island, FL 32953

    Estimated value:
    No data
    View details
    00 Eddy St
    Land

    00 Eddy St, Merritt Island, FL 32952

    Estimated value:
    No data
    View details
    5205 Tropical Trl
    Land

    5205 Tropical Trl, Merritt Island, FL 32952

    Estimated value:
    No data
    View details
    3190 Courtenay Pkwy
    Land

    3190 Courtenay Pkwy, Merritt Island, FL 32953

    Estimated value:
    No data
    View details
    9405 Tropical Trl
    Land

    9405 Tropical Trl, Merritt Island, FL 32952

    Estimated value:
    No data
    View details
    29xx Newfound Harbor Dr
    Land

    29xx Newfound Harbor Dr, Merritt Island, FL 32952

    Estimated value:
    No data
    View details
    690 Chase Hammock Rd
    Land

    690 Chase Hammock Rd, Merritt Island, FL 32953

    Estimated value:
    No data
    View details
    00000 Tropical Tr-S Courtenay Pkwy
    Land

    00000 Tropical Tr-S Courtenay Pkwy, Merritt Island, FL 32952

    Estimated value:
    No data
    View details
    373 Tropical Trl
    Land

    373 Tropical Trl, Merritt Island, FL 32952

    Estimated value:
    No data
    View details

    Merritt Island, FL Residential Income Properties Market Trends and Statistics

    Explore 45 residential income properties for sale in Merritt Island, FL on our real estate platform. These investment opportunities span a total of 1,266 square feet of properties for sale, with an estimated market value of $494,900.

    Sale prices for residential income properties in Merritt Island, FL average $494,900 — 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

    Multifamily properties 2
    Duplexes 1
    Short term rental properties 1
    Triplexes 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 average listing prices of real estate assets

    Neighborhood Average Price
    32953 $442K

    Taxes & Financing

    Tax Rate (average for all types) 1.03%
    Property Tax per SF $25.97 per SF
    Tax Rate vs County Average 0.32 pp below 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

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    Residential Income

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    Popular Searches in Merritt Island, FL

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    Most Searched ZIP Codes in Merritt Island, FL

    • 32953

    Featured Merritt Island Real Estate Agencies

    Realmo connects you with licensed Merritt Island CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Perrone Realty
    2460 N Courtenay Pkwy #102 Merritt Island, FL 32953
    Phone: 14077330725
    www.goperrone.com
    Michelle Daignault-Ives
    215 N. Courtenay Pkwy. Merritt Island, FL 32953
    Phone: 13214532151
    www.homeinthesun.com

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