$187,500

2513 Lipscomb Street, Melbourne, FL 32901

  • 5 beds |
  • 5 baths |
  • 2,607 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1930
  • Property Lot Size Icon7,841sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $72/sqft
  • Property List Date Icon Listed 15 days ago

Property Description

Prime Investment Opportunity in Melbourne! This unique property offers strong upside for investors and builders alike. The rear home (2513) is already cash flowing, featuring 2 bedrooms and 2 bathrooms with an in-place tenant paying $1,475/month, providing immediate income. The front home (2511) offers significant value-add potential and is being sold primarily for land value, with options to renovate using existing plans for a 3/2 layout or redevelop the site. Full permits and plans have been submitted to the city for improvements to the rear property. Whether you choose to hold for income, renovate, or explore future redevelopment, this property presents a rare opportunity just under one mile from the ocean in a highly desirable area. A versatile investment with both current returns and long-term potential.

Listing Status:
Active
Date Added:
February 26, 2026
Data Last Updated:
March 13, 2026 at 1:39AM
Listing Office:
Elevate Realty LLC : 561-427-3923
Listing Agent:
Laura Auten : 561-427-3923
MLS ID:
1070455
  • Appliances: None
  • A/C: Other
  • Heating: Other
  • Parking: Other
  • General: Stucco1
  • Originating MLS: Space Coast MLS (Space Coast Association of REALTORS®)
  • County: Brevard
  • Zoning: HOPKINS PLAT PART OF LOT 12 BLK 3 AS DESC IN ORB 1313 PG 1028 EXC RD R/W28-37-11-Fj-00003.0-0012.01
  • Current Use: Single Family
  • Utilities: Other
  • Water: Other
  • Sewer: Public Sewer
  • Source: Space Coast MLS (Space Coast Association of REALTORS®)

This listing courtesy of Laura Auten , Elevate Realty LLC

Monthly Payment

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

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Location

Schools Nearby

U

University Park Elementary School

500 W University Blvd, Melbourne, FL, 32901

Grades EE-6

1.62 miles away

S

Stone Magnet Middle School

1101 E University Blvd, Melbourne, FL, 32901

Grades 7-8

0.56 miles away

M

Melbourne High School

74 Bulldog Blvd, Melbourne, FL, 32901

Grades 9-12

1.64 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.