$1,900,000
- 5,137 Sq Ft
1437 N Tropical Trail, Merritt Island, FL 32953
1437 N Tropical Trail, Merritt Island, FL 32953
3
Merritt Island, FL Multifamily Homes & Duplexes for Sale
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$433,000
- 2,243 Sq Ft
347 W Merritt Ave, Merritt Island, FL 32953
347 W Merritt Ave, Merritt Island, FL 32953 -
$1,075,000
- 8 Beds
- 7 Baths
- 6,055 Sq Ft
2135 N Courtenay Pkwy Unit 6 Total Units, Merritt Island, FL 32953
2135 N Courtenay Pkwy Unit 6 Total Units, Merritt Island, FL 32953
About Merritt Island
In the middle of the Space Coast, Merritt Island provides views of the sea and the stars. The Island has more than 34,000 residents and is surrounded by water on three sides, making it a peninsula, not an island, though locals do not often refer to it that way. The Island sits between the Indian and Banana rivers, with Sykes Creek on its southern tip. The Island has several ways to experience the wildlife native to its rivers and refuges, but boating is especially popular. The Island is also home to the John F. Kennedy Space Center, NASA’s lead ...
Home Trends in Merritt Island, FL
On average, homes in Merritt Island, FL sell after 54 days on the market compared to the national average of 47 days. The average sale price for homes in Merritt Island, FL over the last 12 months is $565,312, consistent with the average home sale price over the previous 12 months.
Home Trends
Median Price (12 Mo)
$475,000
Median Single Family Price
$540,000
Median Townhouse Price
$269,000
Median 2 Bedroom Price
$180,000
Median 1 Bedroom Price
$139,500
Average Price Per Sq Ft
$302
Number of Homes for Sale
336
Last 12 months Home Sales
833
Months of Supply
4.80
Median List Price
$530,000
Median Discount From 1st List Price
6%
Median Home Sale Price YoY Change
-1%
In Merritt Island, there are currently 3 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $433,000 to $1,900,000, there's a range to accomodate every budget. As of April, 2025 the median home price in Merritt Island is $530,000, while the average sale price is $565,312, offering insights into the local housing market. On average, multi-family homes spend 54 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Merritt Island, FL.
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