Price: $1,900,000
2179 Pineapple AvenueMelbourne, FL 32935
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4,185
Square Foot
10
Bedrooms
10.00
Full Baths
N/A
½ Baths
No
Pool
Yes
Waterfront
1958
Year Built
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
Exterior Features
N/A
Interior Features:
N/A
Equipment / Appliances:
N/A
Utilities:
Cable Available, Electricity Connected, Sewer Connected, Water Connected
Property Details
Street Name:
County:
Brevard
Listing Status:
Active
Tax Year:
2025
Pool:
No
Private Pool:
No
Waterfront:
Yes
Water Type:
Zip Code:
Subdivision:
Eau Gallie Village Plat of
Construction:
Block, Frame, Vinyl Siding
Roof Type:
Shingle
Tax Amount:
$16,970
Furnishings:
Furnished
Parking:
Assigned
HOA Dues:
$0.00
2179 Pineapple Avenue Melbourne, FL 32935
This listing is courtesy of Real Broker LLC.
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