$995,000
Cape Canaveral, FL 32920
MLS# 1082533
8 beds | 4 baths
1 / 48
Property Description
Rare Cape Canaveral Quadplex with Immediate Income & Value-Add Potential! This exceptional four-unit investment property offers the perfect blend of stable cash flow and future upside in one of the Space Coast's strongest rental markets. Located just minutes from the Atlantic Ocean, Cocoa Beach, Port Canaveral, cruise terminals, Patrick Space Force Base, Kennedy Space Center, and the area's expanding aerospace corridor, this property benefits from year-round rental demand. Two units have been tastefully renovated with modern kitchens, updated bathrooms, luxury vinyl flooring, recessed LED lighting, butcher block countertops, stainless steel appliances, fresh paint, and contemporary finishes, creating attractive turnkey units for today's tenants. The remaining two occupied units provide the next owner the opportunity to renovate over time, increasing rents and maximizing returns without sacrificing current income. The property offers generous parking, private outdoor space, dedicated
Details
Maps
Contract Information
Comp Sale YN: No
Current Price: $995,000
Original List Price: 995000
List Price: $995,000
Status: Active
Listing Contract Date: 2026-07-10
Property Sub Type: Quadruplex
Location, Tax, and Legal
Unit Number: 1-4
Tax Account: 2433520
Parcel Number: 24-37-23-Cg-00014.0-0012.00
General County Location: Central
Elementary School: Cape View
Middle School: Cocoa Beach
High School: Cocoa Beach
Tax Annual Amount: 7633.1
Tax Year: 2025
Tax Legal Description: AVON BY THE SEA E 25 FT OF LOT 12,ALL OF LOT 13 & W 29 FT OF LOT 14 BLK 14
Directions: From 528 heading East turn left at N. Atlantic Ave then turn Right on Madison Ave and the Quadplex will be on the left.
General Property Information
Number Of Buildings: 2
Number Of Units Total: 4
Stories Total: 1
Bathrooms Half: 0
Living Area: 3582
Living Area Source: Public Records
Lot Size Acres: 0.3
Lot Size Square Feet: 13068
Association YN: No
New Construction YN: No
Garage YN: No
Carport YN: No
Waterfront YN: No
Parking Total: 10
Senior Community YN: No
CDD Fee YN: No
Water Body Access YN: No
Furnished: Unfurnished
Stories: 1
Direction Faces: South
Pool Private YN: No
List Price/SqFt: 277.78
Bedrooms Total: 8
Bathrooms Total: 4
Bathrooms Full: 4
Year Built: 1974
Remarks and Miscellaneous
Public Remarks: Rare Cape Canaveral Quadplex with Immediate Income & Value-Add Potential! This exceptional four-unit investment property offers the perfect blend of stable cash flow and future upside in one of the Space Coast's strongest rental markets. Located just minutes from the Atlantic Ocean, Cocoa Beach, Port Canaveral, cruise terminals, Patrick Space Force Base, Kennedy Space Center, and the area's expanding aerospace corridor, this property benefits from year-round rental demand.
Two units have been tastefully renovated with modern kitchens, updated bathrooms, luxury vinyl flooring, recessed LED lighting, butcher block countertops, stainless steel appliances, fresh paint, and contemporary finishes, creating attractive turnkey units for today's tenants. The remaining two occupied units provide the next owner the opportunity to renovate over time, increasing rents and maximizing returns without sacrificing current income.
The property offers generous parking, private outdoor space, dedicated
Appliances
Dishwasher: 1
Dryer: 1
Electric Range: 1
Electric Water Heater: 1
Microwave: 1
Refrigerator: 1
Washer: 1
Closing Company Details
Closing Company Name: Closed Title- April Dodd
Closing Company Address: 5445 Murrell Rd. Suite 104 Rockledge, FL 32955
Construction Materials
Frame: 1
Wood Siding: 1
Cooling
Central Air: 1
Electric: 1
Current Use
Multi-Family: 1
DPR Eligible
DPR Eligible: Yes
Exterior Features
Courtyard: 1
Fencing
Wood: 1
Flooring
Carpet: 1
Laminate: 1
Tile: 1
Vinyl: 1
Heating
Central: 1
Electric: 1
Laundry Features
Multiple Locations: 1
Listing Terms
Cash: 1
Conventional: 1
FHA: 1
Other: 1
Possession
Close Of Escrow: 1
Subject To Tenant Rights: 1
Financial Data Source
Property Manager: 1
Road Frontage Type
City Street: 1
Road Surface Type
Asphalt: 1
Roof
Shingle: 1
Security Features
Security Lights: 1
Smoke Detector(s): 1
Sewer
Public Sewer: 1
Special Listing Conditions
Standard: 1
Tenant Pays
Cable TV: 1
Electricity: 1
Telephone: 1
Water: 1
Unit 1 Details
Unit ID: 1
Actual Rent: 1600
Unit SqFt: 896
Beds Total: 2
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Vacant-Not Remodeled
Unit 2 Details
Unit ID: 2
Actual Rent: 1200
Unit SqFt: 896
Beds Total: 2
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Long Term Tenant-Not Remodeled
Unit 3 Details
Unit ID: 3
Actual Rent: 2000
Unit SqFt: 896
Beds Total: 2
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Owners Unit-Remodeled
Unit 4 Details
Unit ID: 4
Actual Rent: 1850
Unit SqFt: 896
Beds Total: 2
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Remodeled Unit-Rented
Utilities
Cable Connected: 1
Electricity Connected: 1
Separate Electric Meters: 1
Sewer Connected: 1
Water Connected: 1
Water Source
Public: 1
Showing Requirements
24 Hour Notice: 1
Combination Lock Box: 1
Showing Considerations
Occupied: 1
Pet(s) on Premises: 1
Location Tax and Legal
Street Number: 214
Street Name: Madison
Street Suffix: Avenue
County: Brevard
State: FL
Postal Code: 32920
MLS Area Major: 271 - Cape Canaveral
Subdivision Name: Avon By The Sea
Status Change Information
Major Change Timestamp: 2026-07-14T22:05:18Z
Major Change Type: New Listing
Status Change Timestamp: 2026-07-14
Property Features
Appliances: Dishwasher; Dryer; Electric Range; Electric Water Heater; Microwave; Refrigerator; Washer
Construction Materials: Frame; Wood Siding
Cooling: Central Air; Electric
Current Use: Multi-Family
Exterior Features: Courtyard
Fencing: Wood
Financial Data Source: Property Manager
Flooring: Carpet; Laminate; Tile; Vinyl
Heating: Central; Electric
Laundry Features: Multiple Locations
Listing Terms: Cash; Conventional; FHA; Other
Possession: Close Of Escrow; Subject To Tenant Rights
Road Frontage Type: City Street
Road Surface Type: Asphalt
Roof: Shingle
Security Features: Security Lights; Smoke Detector(s)
Sewer: Public Sewer
Special Listing Conditions: Standard
Tenant Pays: Cable TV; Electricity; Telephone; Water
Utilities: Cable Connected; Electricity Connected; Separate Electric Meters; Sewer Connected; Water Connected
Water Source: Public
Showing Considerations: Occupied; Pet(s) on Premises
Showing Requirements: 24 Hour Notice; Combination Lock Box
Supplements
storage and laundry areas, low-maintenance construction, and an excellent unit mix for long-term tenancy. Whether you're an experienced investor looking to expand your portfolio, an out-of-state buyer seeking a quality Florida asset, or completing a 1031 exchange, this property offers both immediate revenue and long-term appreciation potential.
With continued growth fueled by the Space Coast's booming aerospace industry, tourism, cruise expansion, and limited multifamily inventory near the beach, opportunities like this are increasingly difficult to find.
Income today. Appreciation tomorrow. Opportunity for years to come.
Listing Office: ITG Realty
Last Updated: July - 16 - 2026
Information is deemed to be reliable, but is not guaranteed.