$1,900,000 For Sale

2179 Pineapple Avenue
Melbourne, FL 32935

10 beds, 10 baths | Single Family Home
4,185 sq ft; lot: 0.5 acres - MLS# 1069215
Property Photo
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Description

Exceptional opportunity to own a rare 8-unit riverfront multifamily in the historic Eau Gallie Arts District. Located at 2179 Pineapple Ave, this income-producing property sits directly on the Indian River, offering long-term value, steady cash flow, and lifestyle appeal. The asset features a mix of long-term tenants and short-term rentals, allowing flexibility to optimize income while diversifying risk. All roofs have been replaced, and the main house HVAC system has been recently updated, reducing near-term capital expenditure concerns. Waterfront units and STR components benefit from strong rental demand driven by river views, sunsets, and proximity to downtown Eau Gallie, galleries, dining, and events. Ideal for investors seeking a stabilized asset with upside through rent optimization, STR expansion, or future appreciation in one of the Space Coast's most walkable and culturally vibrant corridors. A rare combination of location, condition, and income potential on the Indian River

Features

  • Property Type: Single Family Home
  • Sub Type: Single Family Home
  • Listing Status: Active
  • County/Area: Brevard County
  • Zip Code: 32935
  • Year Built: 1958
  • Subdivision/Neighborhood: Eau Gallie Village Plat Of
  • Elementary School: Creel
  • Middle School: Johnson
  • High School: Eau Gallie
  • Sq.Ft.: 4,185 sq ft
  • Stories: 2
  • Bedrooms: 10
  • Full Baths: 10
  • Garage: 2 Car
  • Lot Size: 0.5 acres
  • Baths: 10
  • Waterfront: Indian River, Intracoastal
  • Additional Parcels Description: 2716968
  • Construction Materials: Block, Frame, Vinyl Siding
  • Cooling: Electric, Multi Units, Wall/Window Unit(s)
  • Direction Faces: West
  • Directions: North on Pineapple from Eau Gallie, 1 mile on the right
  • Fencing: Wood
  • Furnished: Furnished
  • Heating: Central, Electric
  • Listing Terms: Conventional, Owner May Carry, Private Financing Available
  • Living Area Source: Public Records
  • Lot Size Area: 0.5
  • Lot Size Square Feet: 21780
  • Lot Size Units: Acres
  • MLS Area Minor: 323 - Eau Gallie
  • Main Type: Residential
  • Parcel Number: 27-37-16-25-0000a.0-0022.00
  • Parking Features: Assigned
  • Possession: Close Of Escrow
  • Road Frontage Type: City Street
  • Roof: Shingle
  • Sewer: Public Sewer
  • Special Conditions Details: Standard
  • Tax Annual Amount: 16970
  • Tax Year: 2025
  • Utilities: Cable Available, Electricity Connected, Sewer Connected, Water Connected
  • Water Source: Public
Courtesy of Real Broker LLC
Source: Space Coast MLS (Space Coast Association of REALTORS®)

Melbourne Real Estate
685 Prescott Blvd.
Melbourne, FL 32903
Phone: 1-866-645-7702
Email: info@MyMelbournePlace.com

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