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$995,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 4 Units
  • 0.3 Acres
  • Updated 5 hours ago
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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.

Full Property Details for 214 Madison Ave #1-4

General

  • Price: $995,000
  • Taxes: $7,633 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: BrevardCounty
  • MLS ID: 1082533
  • Updated: 7/14/2026
  • Added to Site: 4 day(s) ago

Interior

  • Appliances: Dishwasher, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
  • Furnishings: Unfurnished
  • Flooring: Carpet, Laminate, Tile, Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 4

Bedrooms

  • Total Bedrooms: 8

Other Rooms

  • Laundry: Multiple Locations

Additional Information

  • Security/Safety: Security Lights, Smoke Detector(s)

Exterior

  • Exterior Features: Courtyard

Parking

  • Total Spaces: 10

Location

  • Area: 271 - Cape Canaveral
  • County: Brevard
  • Subdivision: Avon By The Sea
  • Driving Directions: From 528 heading East turn left at N. Atlantic Ave then turn Right on Madison Ave and the Quadplex will be on the left.
  • Direction Faces: South

School Information

  • Elementary School: Cape View
  • Middle School: Cocoa Beach
  • High School: Cocoa Beach

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air, Electric
  • Heating Type: Central, Electric
  • Water Heater: Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Cable Connected, Electricity Connected, Sewer Connected, Water Connected, Separate Electric Meters

Structural Information

  • # Buildings: 2
  • Exterior Const.: Frame, Wood Siding
  • Roof: Shingle
  • Stories/Levels: 1
  • Square Feet: 3,582
  • Living Area: 3,582 Sq. Ft.
  • Current Bldg. Use: Multi-Family
  • Year Built: 1974

Unit Information

  • Units in Building: 4

Lot Features

  • Lot Size (Acres): 0.3
  • Lot Size (Sq. Ft.): 13,068
  • Frontage: City Street
  • Street/Road Desc.: Asphalt
  • Fencing (Description): Wood

Financial Considerations

  • Price Per Sq. Ft.: $277.78
  • Tax Amount: $7,633.1
  • Tax Year: 2025
  • Terms: Cash, Conventional, FHA, Other
  • Tenant Pays: Cable TV, Electricity, Telephone, Water

Disclosures and Reports

  • Special Conditions: Standard
  • Property ID: 24-37-23-Cg-00014.0-0012.00

Listed by ITG Realty

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Listing agent

— 214 Madison Ave #1-4 —

  • ITG Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 214 Madison Ave #1-4

School District:Brevard County School District
NameGradesDistance
Cape View Elementary School
8440 Rosalind Avenue, Cape Canaveral, FL 32920
PK-60.4 mi
Cocoa Beach Junior/Senior High School
1500 Minutemen Causeway, Cocoa Beach, FL 32931
7-125.2 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 214 Madison Ave #1-4 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/10/2026
Listed
$995,000
131.4%
MLS
12/30/2020
Sold
$430,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 214 Madison Ave #1-4

Year
Property Taxes
Change
Tax Assessment
Change
2024
$7,408
18%
$686,400
31%
2023
$6,302
41%
$522,720
71%
2021
$4,475
-13%
$304,920
-30%
2022
$5,157
15%
$432,540
56%
2021
$4,475
12%
$277,200
5%
2018
$3,987
2%
$265,000
4%
2017
$3,894
10%
$254,000
15%
2016
$3,528
-13%
$221,000
-15%
2019
$4,066
28%
$259,130
46%
2015
$3,170
-2%
$177,000
—
2014
$3,245
-1%
$177,000
3%
2013
$3,268
—
$172,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by ITG Realty

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214 Madison Avenue #1-4, Cape Canaveral, FL 32920 (MLS# 1082533) is a Multi-Family property with 4 units containing 8 bedrooms and 4 full bathrooms. 214 Madison Avenue #1-4 is currently listed for $995,000 and was received on July 10, 2026. Want to learn more about 214 Madison Avenue #1-4? Do you have questions about finding other Multi-Family real estate for sale in Cape Canaveral? You can browse all Cape Canaveral real estate or contact a Coldwell Banker agent to request more information.

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