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Gina McTernan

ginaraedalley@gmail.com +1(321) 266-0530

$ 1,850,000

Est. payment -/mo

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Price Dropped by $50K

2179 Pineapple AVE Melbourne, FL 32935

10 Baths

4,185 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,185 sqft

Price per Sqft $442

Subdivision Eau Gallie Village Plat Of

MLS Listing ID 1068578

Total Fin. Sqft 4185

Year Built 1958

Annual Tax Amount $16,970

Tax Year 2025

Lot Size 0.500 Acres

Acres 0.5

Property Sub-Type Multi Family

Source Space Coast MLS (Space Coast Association of REALTORS®)

Land Area 4185

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

Location

State FL

County Brevard

Area 323 - Eau Gallie

Direction North on Pineapple from Eau Gallie, 1 mile on the right

Body of Water Indian River

Interior

Heating Central, Electric

Cooling Electric, Multi Units, Wall/Window Unit(s)

Inclusions Building & Land

Exterior

Exterior Feature ExteriorFeatures

Parking Features Assigned

Fence Wood

Utilities Available Cable Available, Electricity Connected, Sewer Connected, Water Connected

Waterfront Description Intracoastal

Roof Type Shingle

Present Use Commercial,Multi-Family

Road Frontage City Street

Garage No

Building

Lot Description Other

Sewer Public Sewer

Water Public

Others

Senior Community No

Tax ID 27-37-16-25-0000a.0-0022.00

Special Listing Condition Standard

Space Coast Association of Realtors (Brevard MLS)

Listed by Real Broker LLC

Gina McTernan

REALTOR®

+1(321) 266-0530

Gina McTernan

2179 Pineapple AVE Melbourne, FL 32935

Key Details

Location

Interior

Exterior

Building

Others

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2179 Pineapple AVE