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Date
Details
Price
Change
Source
2/06/2026
Listed
$1,900,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/73
$1,900,000 Just Listed
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1/73
Property Description
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
Full Property Details for MLS# 1068459
General
- Price: $1,900,000
- Taxes: $16,630 (2025)
- Status: Active
- Type: Multi-Family
- Source: BrevardCounty
- MLS ID: 1068459
- Updated: 2/6/2026
- Added to Site: 1 day(s) ago
Interior
- Appliances: Dishwasher, Dryer, Electric Oven, Microwave, Refrigerator, Tankless Water Heater, Washer
- Furnished: Yes
- Furnishings: Furnished
Rooms
Bedrooms
- Total Bedrooms: 8
Other Rooms
- Laundry: Multiple Locations, Common Area, Electric Dryer Hookup
Parking
- Garage: Yes
- Garage Spaces: 2
- 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.
- Direction Faces: West
School Information
- Elementary School: Creel
- Middle School: Johnson
- High School: Eau Gallie
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Electric, Multi Units, Wall/Window Unit(s)
- Heating Type: Central, Electric
- Water Heater: Tankless
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable Connected, Electricity Connected, Sewer Connected, Separate Electric Meters
Structural Information
- # Buildings: 4
- Exterior Const.: Block, Frame, Vinyl Siding
- Roof: Shingle
- Stories/Levels: 2
- Current Bldg. Use: Commercial, Multi-Family
Unit Information
- Units in Building: 8
Lot Features
- Property View: Intracoastal
- Lot Size (Acres): 0.5
- Lot Size (Sq. Ft.): 21,780
- Lot Dimensions: 66 x 125
- Frontage: City Street
- Street/Road Desc.: Asphalt
- Lot Features: Other
Water Features
- Water Front: Yes
- Water Front Name: Indian River
Financial Considerations
- Tax Amount: $16,630.6
- Tax Year: 2025
- Terms: Cash, Conventional, Owner May Carry, Private Financing Available
- Owner Pays: Common Area Maintenance, Electricity, Insurance, Management, Pest Control, Sewer, Taxes
Disclosures and Reports
- Special Conditions: Standard
Listed by Real Broker LLC
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Listing agent
— MLS# 1068459 —
Real Broker LLC
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving MLS# 1068459
School District:Brevard County School District
| Name | Grades | Distance |
|---|---|---|
Dr. W.J. Creel Elementary School 2000 Glenwood Drive, Melbourne, FL 32935 | PK-6 | 0.8 mi |
Eau Gallie High School 1400 Commodore Boulevard, Melbourne, FL 32935 | 9-12 | 1.2 mi |
Lyndon B. Johnson Middle School 2155 Croton Road, Melbourne, FL 32935 | 7-8 | 1.3 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 MLS# 1068459
Estimate the Cost
Estimate the Cost for MLS# 1068459
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- Condo
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MLS# 1068459, Melbourne, FL 32935 (MLS# 1068459) is a Multi-Family property with 8 units containing 8 bedrooms and 0 full bathrooms. MLS# 1068459 is currently listed for $1,900,000 and was received on February 06, 2026. Want to learn more about MLS# 1068459? Do you have questions about finding other 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.