2179 Pineapple Avenue Melbourne, FL 32935
Other
MLS #: 1068578
Courtesy Of Real Broker LLC
Property InformationDescription
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
Features
- Age: Over 50 Years Old
- Amenities: Cable Ready
- Amenities: Water Front
- Building Units: 8
- Cooling System: Window Unit(s)
- Cooling System: Multi Units
- Cooling System: Electric
- Cooling System: Wall/Window Unit(s)
- Exterior Type: Vinyl Siding
- Exterior Type: Frame
- Exterior Type: Block
- Floors: 1
- Heating System: Electric (Heating)
- Heating System: Central
- Legal Description: EAU GALLIE, VILLAGE PLAT OF LOT 22 BLK A EXC RD R/W
- MLSID: 1068578
- Roof Type: Shingle
- Rooms: Bathroom 1
MAP & DIRECTIONS
Copyright © 2026 Space Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
