2513 Lipscomb Street, Melbourne, FL 32901

Melbourne
Local realty services provided by:Better Homes and Gardens Real Estate Thomas Group
2513 Lipscomb Street,Melbourne, FL 32901
$187,500
  • 5 Beds
  • 5 Baths
  • 2,607 sq. ft.
  • Single family
  • Active
Listed by: laura auten
Office: elevate realty llc.
MLS#:A4684029
Source:MFRMLS

Price summary

  • Price:$187,500
  • Price per sq. ft.:$71.92

About this home

Prime Investment Opportunity in Melbourne! This unique property offers strong upside for investors and builders alike. The rear home (2513) is already cash flowing, featuring 2 bedrooms and 2 bathrooms with an in-place tenant paying $1,475/month, providing immediate income. The front home (2511) offers significant value-add potential and is being sold primarily for land value, with options to renovate using existing plans for a 3/2 layout or redevelop the site. Full permits and plans have been submitted to the city for improvements to the rear property. Whether you choose to hold for income, renovate, or explore future redevelopment, this property presents a rare opportunity just under one mile from the ocean in a highly desirable area. A versatile investment with both current returns and long-term potential.

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Home facts

  • Year built:1930
  • Listing ID #:A4684029
  • Added:1 day(s) ago
  • Updated:February 27, 2026 at 07:40 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:5
  • Full bathrooms:4
  • Half bathrooms:1
  • Basement Description:Crawlspace
  • Living area:2,607 sq. ft.

Structure and exterior

  • Year built:1930
  • Building area:2,607 sq. ft.
  • Lot area:0.18 Acres
  • Construction Materials:Stucco
  • Levels:1 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$187,500
  • Price per sq. ft.:$71.92
  • Tax amount:$1,319 (2025)

Features and amenities

  • Pool features:Public Pool
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