$1,900,000

2179 Pineapple Avenue, Melbourne, FL 32935

  • 10 beds |
  • 10 baths |
  • 4,185 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1958
  • Property Lot Size Icon0.5acre lot
  • Property Parking Icon 2 car garage
  • Property Price Per Square Feet Icon $454/sqft
  • Property List Date Icon Listed 29 days ago

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

Listing Status:
Active
Date Added:
February 12, 2026
Data Last Updated:
March 13, 2026 at 7:36AM
Listing Office:
Real Broker LLC : 855-450-0442
Listing Agent:
Jason Engle : 321-501-1335
MLS ID:
1069215
  • A/C: ElectricMulti UnitsWall/Window Unit(s)
  • Heating: CentralElectric
  • Parking: Assigned
  • Roofing: Shingle
  • General: BlockFrameVinyl Siding2
  • Road/Access: City Street
  • Originating MLS: Space Coast MLS (Space Coast Association of REALTORS®)
  • County: Brevard
  • Zoning: EAU GALLIEVILLAGE PLAT OF LOT 22 BLK A EXC RD R/W27-37-16-25-0000a.0-0022.00
  • Fencing: Wood
  • Current Use: CommercialMulti-Family
  • Utilities: Cable AvailableElectricity ConnectedSewer ConnectedWater Connected
  • Water: Public
  • Sewer: Public Sewer
  • Source: Space Coast MLS (Space Coast Association of REALTORS®)

This listing courtesy of Jason Engle , Real Broker LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

D

Dr. W. J. Creel Elementary School

2000 Glenwood Dr, Melbourne, FL, 32935

Grades PK-6

0.84 miles away

L

L. B. Johnson Middle School

2155 Croton Rd, Melbourne, FL, 32935

Grades 7-8

1.35 miles away

E

Eau Gallie High School

1400 Commodore Blvd, Melbourne, FL, 32935

Grades 9-12

1.29 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.