2179 Pineapple Avenue, Melbourne, FL 32935
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
- Year Built: 1958
- Price: $1,850,000
- Property Type: Residential
- Area: 4,185 sqft.
- Country: USA
- City: Melbourne
- Bedrooms: 10
- Bathrooms: 10.00
Additional Property Info
- Community Fees: No
- Construction: Block, Frame and Vinyl Siding
- Cooling: Electric, Multi Units and Wall/Window Unit(s)
- Furnished: Furnished
- Heat: Central and Electric
- List Price/SqFt: $442.05 / sqft
- Listing ID: 1069215
- Listing Status: Active
- Lot Description: Other
- Lot SqFt: 21,780 sqft
- Parking: Assigned
- Pool: No
- Possession: Close Of Escrow
- Private Pool: No
- Property Type: Residential
- Residential Sub-Type: Single Family Residence
- Roof: Shingle
- Showing: Appointment Only,Call Listing Agent,No Sign,Restricted Hours
- Sold Terms Code: Conventional,Owner May Carry,Private Financing Available
- SqFt - Living: 4,185 sqft
- State/Province: FL
- Status: Active
- Status Change Date: Thursday, February 12th, 2026
- Street Name: Pineapple
- Street Number: 2179
- Street Suffix: Avenue
- Subdivision: Eau Gallie Village Plat Of
- Tax Year: 2025
- Taxes: $16,970
- Total Garage Spaces: 2
- Utilities: Cable Available, Electricity Connected, Sewer Connected and Water Connected
- Waterfront: Yes
- Waterfront Type: Intracoastal
- Year Built: 1958
- Zip Code: 32935
Property Details
4185.00 Square Feet
-
10 Bedrooms
-
10.00 Bath
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