Investor Special – High-Upside Duplex in Coastal Cape Canaveral! Just a short stroll to the sandy shoreline, popular beach bars, and local dining hotspots, this versatile duplex is perfectly positioned in one of the Space Coast’s most sought-after areas. With zoning that allows short-term rentals (AirBnB), the opportunity here is immense—flip it for a strong resale or renovate and rent for powerful cash flow in a high-demand vacation and cruise port destination. Each unit is separately metered and connected to natural gas, with a generous layout and the added bonus of a fully enclosed glass sunroom—separate from the main living area—and a covered back patio, both offering great potential for added value as guest space, storage, or outdoor entertainment areas. The property will need a complete remodel including roof, electrical, plumbing, and interior updates, making it the ideal project for seasoned investors or visionary builders. Whether you choose to keep it as two income-producing units or convert it into a single-family home, this is a rare chance to add significant value in an unbeatable location. In-house financing options are available for fix-and-flip or fix-and-rent strategies, giving buyers added flexibility and fast access to returns. This is more than a property—it’s a canvas for your next profitable project in Florida’s thriving coastal market. Want to live in one unit and rent out the other? Ask us about the FHA renovation loan.
Sold for $308,000 on 08/01/25
$308,000
116 Lincoln Ave #116-118, Cape Canaveral, FL 32920
4beds
2baths
1,350sqft
Duplex, Multi Family
Built in 1957
-- sqft lot
$308,000 Zestimate®
$228/sqft
$-- Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: August 01, 2025 at 12:46pm
Listing Provided by:
Gemma Peterson 407-242-7758,
FLORIDA HOMES & LOANS INC. 407-242-7758
Bought with:
Gemma Peterson, 3522887
FLORIDA HOMES & LOANS INC.
Source: Stellar MLS,MLS#: O6304530
Originating MLS: Orlando Regional

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Gas Water Heater
- Laundry: Washer Hookup
Features
- Ceiling Fan(s)
- Flooring: Concrete, Laminate, Terrazzo
- Has fireplace: No
- Common walls with other units/homes: Corner Unit
Interior area
- Total structure area: 1,710
- Total interior livable area: 1,350 sqft
Property
Parking
- Parking features: Common, Driveway, Guest, Oversized, Parking Pad
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Patio & porch: Rear Porch
- Fencing: Fenced
- Waterfront features: Beach Access
Lot
- Size: 6,098 sqft
- Dimensions: 50 x 125
- Features: Corner Lot, Oversized Lot
Details
- Parcel number: 24 3723CG6515
- Zoning: C1
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex, Multi Family
- Attached to another structure: Yes
Materials
- Block
- Foundation: Slab
- Roof: Membrane
Condition
- Fixer
- New construction: No
- Year built: 1957
Utilities & green energy
- Sewer: Private Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Public, Sewer Connected, Street Lights, Water Connected
Community & neighborhood
Location
- Region: Cape Canaveral
- Subdivision: AVON BY SEA
HOA & financial
HOA
- Has HOA: No
Other fees
- Pet fee: $0 monthly
Other financial information
- Total actual rent: 0
Other
Other facts
- Listing terms: Cash,FHA,Other,Special Funding
- Ownership: Fee Simple
- Road surface type: Asphalt
Services availability
Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$308,000
2% more+ $6,160
With Zillow Showcase(estimated)
$314,160