Refine Search

2179 Pineapple Avenue , Melbourne, FL 32935

$1,900,000

72 Total Photos [Click to View All]

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 Coasts most walkable and culturally vibrant corridors. A rare combination of location, condition, and income potential on the Indian River

2179 Pineapple Avenue | MLS# 1069215

This single family home located at 2179 Pineapple Avenue , Melbourne, FL 32935 is currently listed for sale with an asking price of $1,900,000. This property was built in 1958 and has 10 bedrooms and 10 full baths with 4185 sq. ft. Pineapple Avenue is located in the Eau Gallie Village Plat of subdivision. Search Eau Gallie Village Plat Of real estate on www.watsonrealtycorp.com today.

Property Features

Property Type: Residential - Single Family
Cooling: Electric, Multi Units, Wall/Window Unit(s)
Garage: 2
Heating: Central, Electric
Lot Size: 0.50 Acres
Roof Type: Shingle
Stories: 2.0
Year Built: 1958
Square Feet: 4,185

Feature Descriptions

Days on Site: 18
Exterior: Block, Frame, Vinyl Siding
Lot: Other
Parking Notes: Assigned
Sewer: Public Sewer
Utility Features: Cable Available, Electricity Connected, Sewer Connected, Water Connected
Water: Public
Waterfront: Intracoastal

Local Schools

High School: Eau Gallie
Middle School: Johnson
Elementary School: Creel

Listed By / Shown By

Listed By

Agency Name: Real Broker LLC
Agency Phone: 855-450-0442

Shown By

Agency Title: Watson Realty Corp., REALTORS ®
Agency Phone: (866) 243-8193

IDX logo

Estimate Your Payment

Estimated Payment

$ 9,716.25 per month $9,162.09 Principal & Interest $0.00 Property Tax (data not provided by mls) $554.17 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)

Login to My Homefinder

Pixel