$2,149,000
$51K PRICE DROP

Estimated payment $12,849/month

Total Views 86,736
6 Beds
3.5 Baths
8,607 Sq Ft
$250 Price per Sq Ft

Highlights

  • The property is located in a historic district
  • No HOA
  • Central Heating and Cooling System
  • Melbourne Senior High School Rated A-
  • Balcony
  • 1-minute walk to Campbell Park

About This Home

Excellent opportunity to purchase a 5-unit mixed-use building in the heart of Downtown Melbourne! 3 Retail Units + 2 Residential Apartments. Total of 8,607 SF. Each unit is individually metered for electric. Water is common. 100% occupied. All leases are MG structures. Rent roll and leases will be provided to qualified Buyers. Downtown Melbourne is a high foot traffic area. Property has exposure to est. 15,000 VPD on New Haven Avenue. Close proximity to Hotel Melby, Highline Apartments, and all of the beaches, restaurants, and shopping that the area has to offer. Melbourne International Airport is less than a 10-minute drive away. Call today for details!

Listing Agent

Zachary Ullian

The Ullian Realty Corporation License #3445627

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,256

Year Built

  • Built in 1920

Lot Details

  • 6,534 Sq Ft Lot
  • North Facing Home

Home Design

  • Frame Construction
  • Block Exterior

Interior Spaces

  • 8,607 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms

Schools

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

Additional Features

  • Balcony
  • The property is located in a historic district
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 28-37-03-Fc-00026.0-0002.00

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 5 Units
  • Camps Plat Of Melbourne Subdivision

Building Details

  • Net Operating Income $142,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,256

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1920
  • Reso Property Sub Type: Multi Family
  • ResoLotFeatures: Historic Area
  • Road Surface Type: Paved
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Camps Plat of Melbourne
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Sewer:Public Sewer: Yes
  • General Property Information:Pool Private YN: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Stories: 2
  • Stories: 2
  • ResoLivingAreaSource: Estimated

Exterior Features

  • Exterior Features: Balcony
  • Acres: 0.15
  • Pool Private: No
  • Waterfront: No
  • Construction Type: Block, Frame
  • Direction Faces: North
  • Construction Materials:Block2: Yes
  • Construction Materials:Frame: Yes
  • Exterior Features:Balcony: Yes

Garage/Parking

  • General Property Information:Garage YN: No

Utilities

  • Cooling: Central Air
  • Utilities: Electricity Connected, Natural Gas Available, Sewer Available, Water Connected
  • 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: Hoover

Lot Info

  • Current Use: Commercial, Mixed Use, Multi-Family, Residential, Retail
  • Lot Size Sq Ft: 6534.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2817159
  • Parcel #: 28-37-03-Fc-00026.0-0002.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 10256.0

Multi Family

  • Number Of Units Total: 5
  • Income Includes: ["Rent Only"]
  • Income And Expenses Net Operating Income: 142200.0

MLS Schools

  • Elementary School: University Park
  • High School: Melbourne

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $43,963 $2,446,970 $884,580 $1,562,390
2022 $41,681 $2,364,170 $0 $0
2021 $41,418 $2,231,150 $884,580 $1,346,570
2020 $45,654 $2,452,230 $884,580 $1,567,650
2019 $45,009 $2,326,640 $884,580 $1,442,060
2018 $43,048 $2,176,500 $884,580 $1,291,920
2017 $40,768 $2,008,050 $804,160 $1,203,890
2016 $39,734 $1,900,000 $0 $0
2015 $36,690 $1,651,620 $723,740 $927,880
2014 $34,996 $1,545,860 $723,740 $822,120
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/08/2025 04/08/25 Price Changed $2,149,000 -2.3% $250 / Sq Ft
01/05/2024 01/05/24 For Sale $2,200,000 -- $256 / Sq Ft
Source: Space Coast MLS (Space Coast Association of REALTORS®)

Deed History

Date Type Sale Price Title Company
Warranty Deed $1,450,000 Twin Rivers Title Llc
Quit Claim Deed $29,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $1,160,000 No Value Available
Source: Public Records

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

MLS Number: 1001219

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 28-37-04-00-00506.0-0000.00