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$1,950,000

  • For Sale
  • Active
  • Multi-Family
  • 20 Units
  • 0.36 Acres
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Prime Multifamily Investment Opportunity in Rockledge - Just a Short Walk to Cocoa Village! This fully occupied, income-generating property offers an excellent investment opportunity with two buildings on one lot, totaling 20 units. Located in the highly desirable Rockledge area, just a short walk to the vibrant Cocoa Village, this property is highly sought after by tenants and investors alike. The complex consists of a 16-unit building and a 4-unit building, with a mix of unit types: 8 studio apartments, 10 1-bedroom/1-bath units, and 2 spacious 2-bedroom/1-bath units. These well-maintained units cater to a variety of tenants, ensuring consistent demand and reliable income. The property also boasts ample parking, on-site coin laundry, a storage shed, and welcoming common areas with balconies and seating. Completely refurbished in 2008 and with a new roof installed on both buildings in 2023, this property has been meticulously cared for. The strong rental demand in this desirable location makes it an outstanding addition to any real estate portfolio. Don't miss out on this incredible opportunity to own a thriving multifamily complex in one of Brevard County's most charming neighborhoods!

Full Property Details for 16 South St

General

  • Price: $1,950,000
  • Taxes: $16,138 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: BrevardCounty
  • MLS ID: 1039226
  • Updated: 10/16/2025
  • Added to Site: 316 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 20
  • Full Bathrooms: 20

Bedrooms

  • Total Bedrooms: 22

Other Rooms

  • Laundry: Common Area

Location

  • Area: 213 - Mainland E of US 1
  • County: Brevard
  • Subdivision: Derbys Addn To Cocoa
  • Driving Directions: From US1/Rosa L. Jones Dr, head east on Rosa L. Jones, make a slight right on to Oak St, turn south on South St. and arrive at property on the left.
  • Direction Faces: West

School Information

  • Elementary School: Tropical
  • Middle School: McNair
  • High School: Rockledge

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Wall/Window Unit(s), Split System, Individual
  • Heating Type: Varies by Unit

Utilities

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

Structural Information

  • # Buildings: 2
  • Exterior Const.: Frame
  • Roof: Shingle
  • Stories/Levels: 2
  • Square Feet: 8,200
  • Living Area: 8,200 Sq. Ft.
  • Current Bldg. Use: Multi-Family
  • Year Built: 1925

Unit Information

  • Units in Building: 20

Additional Structures

  • Other Structures: Shed(s)

Lot Features

  • Lot Size (Acres): 0.36
  • Lot Size (Sq. Ft.): 15,682
  • Frontage: City Street
  • Street/Road Desc.: Paved

Financial Considerations

  • Price Per Sq. Ft.: $237.8
  • Tax Amount: $16,138.1
  • Tax Year: 2024
  • Terms: Cash, Conventional, Owner May Carry, Private Financing Available, Other

Disclosures and Reports

  • Special Conditions: Standard
  • Property ID: 24-36-33-81-00000.0-0063.00

Listed by Blue Marlin Real Estate

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Listing agent

— 16 South St —

  • Blue Marlin Real Estate

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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 16 South St

School District:Brevard County School District
NameGradesDistance
Tropical Elementary School, Merritt Island, FL
885 South Courtenay Parkway, Merritt Island, FL 32952
K-61.9 mi
Ronald Mcnair Magnet Middle School
1 Challenger Drive, Rockledge, FL 32955
7-80.8 mi
Rockledge Senior High School
220 Raider Road, Rockledge, FL 32955
9-120.7 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 16 South St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/16/2025
Price Reduced
$1,950,000
-2.5%
MLS
3/06/2025
Listed
$2,000,000
604.23%
MLS
7/01/2008
Sold
$284,000
—
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 16 South St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$15,554
4%
$1,455,490
—
2024
$14,986
14%
$1,448,520
21%
2023
$13,155
19%
$1,197,470
14%
2022
$11,096
20%
$1,050,060
50%
2021
$9,213
3%
$700,000
—
2020
$8,911
14%
$700,000
59%
2018
$7,824
-10%
$440,000
16%
2019
$8,684
15%
$380,660
-9%
2017
$7,543
9%
$420,000
20%
2016
$6,949
13%
$350,000
35%
2015
$6,153
3%
$260,000
4%
2014
$5,996
2%
$250,000
4%
2013
$5,882
—
$240,000
—
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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Listed by Blue Marlin Real Estate

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16 South Street, Rockledge, FL 32955 (MLS# 1039226) is a Multi-Family property with 20 units containing 22 bedrooms and 20 full bathrooms. 16 South Street is currently listed for $1,950,000 and was received on March 06, 2025. Want to learn more about 16 South Street? Do you have questions about finding other Multi-Family real estate for sale in Rockledge? You can browse all Rockledge real estate or contact a Coldwell Banker agent to request more information.

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