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About Property
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
Essential Property Information
- Price: $1,850,000
- Property Type: Multifamily
- Country: USA
- City:
Additional Property Info
- Buildings: No
- Fixer Upper: No
- Listing ID: 1068459
- Listing Status: Active
- Lot Dimensions: 66x125
- Manager/Owner Occupied: Furnished
- Number of Units: 2
- Pool: No
- Private Pool: No
- Prop Type: Multi Family
- Property Type: Multifamily
- Status: Active
- Status Change Date: Wednesday, February 4th, 2026
- Tax Year: 2025
- Taxes: $16,630.60
- Total Garage Spaces: 2
- Waterfront: Yes
- Waterfront Type: Intracoastal, Seawall
- Zoning: Commercial
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