2179 Pineapple Avenue, Melbourne, FL 32935

Melbourne
Local realty services provided by:Better Homes and Gardens Real Estate Star
2179 Pineapple Avenue,Melbourne, FL 32935
$1,850,000
  • 10 Beds
  • 10 Baths
  • 4,185 sq. ft.
  • Single family
  • Active
Listed by: jason engle
Office: real broker, llc.
MLS#:1069215
Source:FL_SPACE

Price summary

  • Price:$1,850,000
  • Price per sq. ft.:$442.05

About this home

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

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Home facts

  • Year built:1958
  • Listing ID #:1069215
  • Added:90 day(s) ago

Rooms and interior

  • Bedrooms:10
  • Total bathrooms:10
  • Full bathrooms:10
  • Kitchen Description:appl_
  • Living area:4,185 sq. ft.

Heating and cooling

  • Cooling:Electric
  • Heating:Central, Electric

Structure and exterior

  • Year built:1958
  • Building area:4,185 sq. ft.
  • Lot area:0.5 Acres

Schools

  • High school:Eau Gallie
  • Middle school:Johnson
  • Elementary school:Creel

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,850,000
  • Price per sq. ft.:$442.05
  • Tax amount:$16,970 (2025)

Features and amenities

  • Laundry features:appl_

Parking

  • Parking description:Assigned
  • Garage:Yes
  • Garage spaces:2
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