$1,599,000
$356K PRICE DROP

89 NW Irwin Ave West Melbourne, FL 32904

Estimated payment $9,770/month

Total Views 302,954
8 Beds
8 Baths
7,728 Sq Ft
$207 Price per Sq Ft

Highlights

  • 0.58 Acre Lot
  • No HOA
  • Views
  • Melbourne Senior High School Rated A-
  • Hurricane or Storm Shutters
  • Tile Flooring

About This Home

11 Units in a Prime Location! New Roof & Windows!Multi-unit complex perfectly situated in the heart of town, surrounded by major employers, stunning beaches, the Melbourne Mall, and the airport.The offering includes three properties at 89, 87, and 85 NW Irwin Avenue, consisting of:8-unit apartment building (each 1 bed/1 bath)Duplex (each 2 bed/1 bath)Single-family home (3 bed/2 bath)

Listing Agent

Guy Newman

LPT Realty, LLC License #3475279

LPT Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,134

Year Built

  • Built in 1973

Lot Details

  • 0.58 Acre Lot
  • South Facing Home
  • Few Trees

Home Design

  • Brick Exterior Construction
  • Shingle Roof
  • Membrane Roofing
  • Asphalt
  • Stucco

Interior Spaces

  • 7,728 Sq Ft Home
  • 2-Story Property
  • Tile Flooring
  • Electric Range
  • Property Views

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Full Bathrooms

Home Security

  • Smart Locks
  • Hurricane or Storm Shutters
  • High Impact Windows
  • Fire and Smoke Detector

Parking

  • 18 Open Parking Spaces
  • 18 Parking Spaces
  • Parking Lot

Schools

  • University Park Elementary School
  • Stone Middle School
  • Melbourne High School

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • The owner pays for exterior maintenance, insurance, repairs, roof maintenance, taxes, trash collection, water
  • Assessor Parcel Number 28-37-05-02-0000c.0-0006.00
  • Seller Concessions Offered

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 11 Units

Building Details

  • Operating Expense $33,321
  • Gross Income $192,000
  • Net Operating Income $158,679

Security

  • Building Fire Alarm

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,134

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1973
  • Reso Property Sub Type: Multi Family
  • ResoLotFeatures: Few Trees
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Reso View: Other
  • ResoSecurityFeatures: Fire Alarm, Smoke Detector(s)
  • ResoSpecialListingConditions: Standard
  • Carport Y N: No
  • Entry Level: 1
  • Garage Yn: No
  • New Construction: No
  • Appliances Refrigerators: Yes
  • Roof:Shingle: Yes
  • Sewer:Public Sewer: Yes
  • Income And Expenses Operating Expense: 33321.0
  • General Property Information:Pool Private YN: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Tile
  • Appliances: Electric Range, Refrigerator
  • Full Bathrooms: 8
  • Total Bedrooms: 8
  • Stories: 2
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords
  • Appliances:Electric Range: Yes

Exterior Features

  • Exterior Features: Impact Windows, Storm Shutters
  • Roof: Membrane, Shingle
  • Acres: 0.58
  • Pool Private: No
  • Waterfront: No
  • Construction Type: Brick, Stucco
  • Direction Faces: South
  • Construction Materials:Stucco: Yes
  • Exterior Features:Storm Shutters: Yes
  • ConstructionSiding:Roof Membrane: Yes
  • Lot Features:Few Trees: Yes
  • Exterior Features:Impact Windows: Yes
  • Construction Materials:Brick2: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Parking Lot
  • Total Parking Spaces: 18.0
  • General Property Information:Garage YN: No
  • General Property Information:Parking Total: 18.0
  • General Property Information:Open Parking Spaces2: 18.0
  • Parking Features:Parking Lot: Yes

Utilities

  • Cooling: Central Air
  • Utilities: Cable Available, Electricity Connected, Sewer Connected, Water Available
  • Heating: Central
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Central: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Middle Or Junior School: Stone

Lot Info

  • Current Use: Investment, Multi-Family
  • Lot Size Sq Ft: 25265.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2819901
  • Parcel #: 28-37-05-02-0000c.0-0006.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Furnished: Unfurnished
  • Tenant Pays: Cable TV, Electricity, Insurance
  • Owner Pays: Exterior Maintenance, Insurance, Repairs, Roof Maintenance, Taxes, Trash Collection, Water

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 10134.0

Multi Family

  • Number Of Units Total: 11
  • Annual Gross Income: 192000.0
  • Annual Operating Expense: 33321.0
  • Income And Expenses Net Operating Income: 158679.0

MLS Schools

  • Elementary School: University Park
  • High School: Melbourne

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/24/2025 04/24/25 Price Changed $1,599,000 -11.1% $207 / Sq Ft
02/03/2025 02/03/25 Price Changed $1,799,000 0.0% $233 / Sq Ft
02/03/2025 02/03/25 For Sale $1,799,000 -2.8% $233 / Sq Ft
01/31/2025 01/31/25 Off Market $1,850,000 -- --
01/03/2025 01/03/25 Price Changed $1,850,000 -2.6% $239 / Sq Ft
12/24/2024 12/24/24 Price Changed $1,900,000 -2.8% $246 / Sq Ft
12/10/2024 12/10/24 For Sale $1,955,000 0.0% $253 / Sq Ft
11/22/2024 11/22/24 Pending -- -- --
11/01/2024 11/01/24 For Sale $1,955,000 -- $253 / Sq Ft
Source: Space Coast MLS (Space Coast Association of REALTORS®)

About the Listing Agent

Guy Newman
Guy Newman

LPT Realty, LLC

(321) 346-6791

Section Image

Buying or selling a home is one of life’s most significant milestones, and you deserve a partner who truly understands the weight of that decision. Guy Newman is a third-generation Realtor who brings expertise, empathy, and unwavering dedication to every client he serves. With years of experience and a proven track record of success, Guy takes pride in delivering results with precision and care. As a former CFO of a local aerospace company, he understands the importance of strategy,

View Guy's Profile

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Source: Space Coast MLS (Space Coast Association of REALTORS®)

MLS Number: 1028572

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 28-37-05-02-0000C.0-0006.00

Florida Brevard County West Melbourne 32904

89 NW Irwin Ave, West Melbourne, FL

Homes for Sale in West Melbourne, FL

This home is located at 89 NW Irwin Ave, West Melbourne, FL 32904 and is currently priced at $1,599,000, approximately $206 per square foot. This property was built in 1973. 89 NW Irwin Ave is a home located in Brevard County with nearby schools including University Park Elementary School, Stone Magnet Middle School, and Melbourne Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Space Coast MLS (Space Coast Association of REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

Guy Newman
Guy Newman
Listing Agent Section Image
LPT Realty, LLC
(321) 346-6791