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Sold for $900,000 on 08/19/23
    • $900,000

    1838 Pineapple Ave, Melbourne, FL 32935

    --beds
    --baths
    5,924sqft
    Multi Family
    Built in 1925
    -- sqft lot
    $994,600 Zestimate®
    $152/sqft
    $1,674 Estimated rent

    What's special

    Discover an incredible investment opportunity with this 8-unit property! Nestled in the heart of the historic Eau Gallie Arts District, this gem of a building once known as The Libbyan in the 1920s is now ready to be a lucrative addition to your real estate portfolio. Recent renovations, including Electric in 2022, Sewer Lateral Line in 2021, and Roof in 2014, provide peace of mind for a savvy investor seeking a well-maintained property. Spanning across 5,956 SF, this investment property offers a mix of One Bedroom and Studio Units, appealing to a wide range of potential tenants. With Gross Rents totaling over $81,000 annually, and rental rates with room to grow this property offers a solid investment with increased potential.

    Zillow last checked: 7 hours ago

    Listing updated: April 21, 2025 at 02:21pm

    Listed by:

    Shey Anderson 321-749-8921,

    JM Real Estate,

    Robert Solito,

    JM Real Estate

    Bought with:

    David Curri, 3093601

    David Curri Real Estate Group

    Source: Space Coast AOR,MLS#: 970834

    Facts & features

    Interior

    Cooling
    • Central Air, Wall/Window Unit(s)
    Appliances
    • Included: Gas Range, Refrigerator
    Features
    • Flooring: Tile, Wood
    • Has fireplace: No
    Interior area
    • Total structure area: 5,956
    • Total interior livable area: 5,924 sqft

    Property

    Parking
    • Total spaces: 8
    • Parking features: Assigned
    Features
    • Levels: Two
    • Pool features: None
    Lot
    • Size: 8,712 sqft
    • Features: Few Trees, Historic Area
    Details
    • Additional parcels included: 2717082
    • Parcel number: 2737162500008.00014.00
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Frame, Stucco, Wood Siding
    • Roof: Membrane
    Condition
    • Year built: 1925

    Utilities & green energy

    • Water: Public
    • Utilities for property: Sewer Connected, Water Available, Propane, Separate Electric Meters

    Community & neighborhood

    Location
    • Region: Melbourne

    Other

    Other facts
    • Listing terms: Cash,Conventional
    Services availability
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    An equal housing lender. NMLS #10287.

    Sell for more on Zillow

    Get a free Zillow Showcase℠ listing and you could sell for .

    $994,600
    2% more+ $19,892
    With Zillow Showcase(estimated)
    $1,014,492

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