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$1,900,000 Just Listed

  • For Sale
  • Active
  • Commercial Multi-Family
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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

Full Property Details for 2179 Pineapple Ave

General

  • Price: $1,900,000
  • Taxes: $16,970 (2025)
  • Status: Active
  • Type: Commercial Multi-Family
  • Source: BrevardCounty
  • MLS ID: 1068578
  • Updated: 2/5/2026
  • Added to Site: 2 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 1

Parking

  • Parking Features: Assigned

Location

  • Area: 323 - Eau Gallie
  • County: Brevard
  • Subdivision: Eau Gallie Village Plat of
  • Driving Directions: North on Pineapple from Eau Gallie, 1 mile on the right

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Electric, Multi Units, Wall/Window Unit(s)
  • Heating Type: Central, Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Cable Available: Yes
  • Utility Description: Cable Available, Electricity Connected, Sewer Connected, Water Connected

Structural Information

  • Exterior Const.: Block, Frame, Vinyl Siding
  • Roof: Shingle
  • Stories/Levels: 1
  • Square Feet: 4,185
  • Living Area: 4,185 Sq. Ft.
  • Current Bldg. Use: Commercial, Multi-Family
  • Year Built: 1958

Unit Information

  • Units in Building: 8

Lot Features

  • Lot Size (Acres): 0.5
  • Lot Size (Sq. Ft.): 21,780
  • Frontage: City Street
  • Lot Features: Other
  • Fencing (Description): Wood

Water Features

  • Water Front: Yes
  • Water Front Name: Indian River

Financial Considerations

  • Price Per Sq. Ft.: $454
  • Tax Amount: $16,970
  • Tax Year: 2025

Disclosures and Reports

  • Special Conditions: Standard
  • Property ID: 27-37-16-25-0000a.0-0022.00

Listed by Real Broker LLC

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Listing agent

— 2179 Pineapple Ave —

  • Real Broker LLC

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with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 2179 Pineapple Ave

School District:Brevard County School District
NameGradesDistance
Dr. W.J. Creel Elementary School
2000 Glenwood Drive, Melbourne, FL 32935
PK-60.8 mi
Eau Gallie High School
1400 Commodore Boulevard, Melbourne, FL 32935
9-121.2 mi
Lyndon B. Johnson Middle School
2155 Croton Road, Melbourne, FL 32935
7-81.3 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 2179 Pineapple Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/05/2026
Listed
$1,900,000
111.11%
MLS
4/08/2016
Sold
$900,000
—
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 2179 Pineapple Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$16,333
-8%
$924,000
-7%
2024
$17,805
-3%
$997,200
-2%
2023
$18,443
-6%
$1,022,410
-29%
2022
$19,620
25%
$1,435,190
65%
2021
$15,664
4%
$869,480
5%
2020
$15,010
1%
$828,400
10%
2019
$14,830
-1%
$756,400
1%
2018
$15,007
-3%
$750,000
—
2017
$15,412
548%
$750,000
490%
2016
$2,377
—
$127,070
2%
2015
$2,381
5%
$124,240
3%
2014
$2,276
1%
$120,160
2%
2013
$2,249
—
$118,350
—
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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2179 Pineapple Avenue, Melbourne, FL 32935 (MLS# 1068578) is a Commercial Multi-Family property. 2179 Pineapple Avenue is currently listed for $1,900,000 and was received on February 05, 2026. Want to learn more about 2179 Pineapple Avenue? Do you have questions about finding other Commercial Multi-Family real estate for sale in Melbourne? You can browse all Melbourne real estate or contact a Coldwell Banker agent to request more information.

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