214 Madison Avenue #1-4, Cape Canaveral, FL 32920
Local realty services provided by:Better Homes and Gardens Real Estate Star
214 Madison Avenue #1-4,Cape Canaveral, FL 32920
$995,000
- 8 Beds
- 4 Baths
- 3,582 sq. ft.
- Multi-family
- Active
Listed by: jared doyle
Office: itg realty
MLS#:1082533
Source:FL_SPACE
Price summary
- Price:$995,000
- Price per sq. ft.:$277.78
About this home
Rare Cape Canaveral Quadplex with Immediate Income & Value-Add Potential! This exceptional four-unit investment property offers the perfect blend of stable cash flow and future upside in one of the Space Coast's strongest rental markets. Located just minutes from the Atlantic Ocean, Cocoa Beach, Port Canaveral, cruise terminals, Patrick Space Force Base, Kennedy Space Center, and the area's expanding aerospace corridor, this property benefits from year-round rental demand.
Two units have been tastefully renovated with modern kitchens, updated bathrooms, luxury vinyl flooring, recessed LED lighting, butcher block countertops, stainless steel appliances, fresh paint, and contemporary finishes, creating attractive turnkey units for today's tenants. The remaining two occupied units provide the next owner the opportunity to renovate over time, increasing rents and maximizing returns without sacrificing current income.
The property offers generous parking, private outdoor space, dedicated storage and laundry areas, low-maintenance construction, and an excellent unit mix for long-term tenancy. Whether you're an experienced investor looking to expand your portfolio, an out-of-state buyer seeking a quality Florida asset, or completing a 1031 exchange, this property offers both immediate revenue and long-term appreciation potential.
With continued growth fueled by the Space Coast's booming aerospace industry, tourism, cruise expansion, and limited multifamily inventory near the beach, opportunities like this are increasingly difficult to find.
Income today. Appreciation tomorrow. Opportunity for years to come....
Contact an agent
Home facts
- Year built:1974
- Listing ID #:1082533
- Added:9 day(s) ago
Rooms and interior
- Bedrooms:8
- Total bathrooms:4
- Full bathrooms:4
- Flooring:Carpet, Laminate, Tile, Vinyl
- Kitchen Description:appl_
- Living area:3,582 sq. ft.
Heating and cooling
- Cooling:Electric
- Heating:Central, Electric
- Central air:Yes
Structure and exterior
- Year built:1974
- Building area:3,582 sq. ft.
- Lot area:0.3 Acres
- Exterior Features:Courtyard
Schools
- High school:Cocoa Beach
- Middle school:Cocoa Beach
- Elementary school:Cape View
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$995,000
- Price per sq. ft.:$277.78
- Tax amount:$7,633 (2025)
Features and amenities
- Laundry features:appl_
Parking
- Total parking spaces:10
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