$1,900,000
Melbourne, FL 32935
MLS# 1069215
10 beds | 10 baths
1 / 72
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
Details
Maps
Location, Tax, and Legal
Tax Account: 2716968
Parcel Number: 27-37-16-25-0000a.0-0022.00
General County Location: South
Elementary School: Creel
Middle School: Johnson
High School: Eau Gallie
Tax Annual Amount: 16970
Tax Year: 2025
Tax Legal Description: EAU GALLIE, VILLAGE PLAT OF LOT 22 BLK A EXC RD R/W
Directions: North on Pineapple from Eau Gallie, 1 mile on the right
General Property Information
Bathrooms Half: 0
Living Area: 4185
Living Area Source: Public Records
Lot Size Acres: 0.5
Lot Size Square Feet: 21780
Accessibility Features YN: No
Association YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Waterfront YN: Yes
Water Body Name: Indian River
Senior Community YN: No
CDD Fee YN: No
Community Fee(s) YN: No
Water Body Access YN: No
Furnished: Furnished
Stories: 2
Direction Faces: West
Pool Private YN: No
List Price/SqFt: 454
Bedrooms Total: 10
Bathrooms Total: 10
Bathrooms Full: 10
Year Built: 1958
Remarks and Miscellaneous
Public Remarks: 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
Construction Materials
Block: 1
Frame: 1
Vinyl Siding: 1
Cooling
Electric: 1
Multi Units: 1
Wall/Window Unit(s): 1
Current Use
Commercial: 1
Multi-Family: 1
DPR Eligible
DPR Eligible: No
Fencing
Wood: 1
Heating
Central: 1
Electric: 1
Legal Details
Permission Granted to Advertise: Yes
Listing Terms
Conventional: 1
Owner May Carry: 1
Private Financing Available: 1
Lot Features
Other: 1
Parking Features
Assigned: 1
Possession
Close Of Escrow: 1
Road Frontage Type
City Street: 1
Roof
Shingle: 1
Sewer
Public Sewer: 1
Special Listing Conditions
Standard: 1
Utilities
Cable Available: 1
Electricity Connected: 1
Sewer Connected: 1
Water Connected: 1
Water Source
Public: 1
Waterfront Features
Intracoastal: 1
Showing Requirements
Appointment Only: 1
Call Listing Agent: 1
No Sign: 1
Restricted Hours: 1
Contract Information
Current Price: $1,900,000
Original List Price: 1900000
List Price: $1,900,000
Status: Active
Listing Contract Date: 2026-02-12
Property Sub Type: Single Family Residence
Location Tax and Legal
Street Number: 2179
Street Name: Pineapple
Street Suffix: Avenue
County: Brevard
State: FL
Postal Code: 32935
MLS Area Major: 323 - Eau Gallie
Subdivision Name: Eau Gallie Village Plat of
Status Change Information
Major Change Timestamp: 2026-02-12T17:37:24Z
Major Change Type: New Listing
Status Change Timestamp: 2026-02-12
Property Features
Construction Materials: Block; Frame; Vinyl Siding
Cooling: Electric; Multi Units; Wall/Window Unit(s)
Current Use: Commercial; Multi-Family
Fencing: Wood
Heating: Central; Electric
Listing Terms: Conventional; Owner May Carry; Private Financing Available
Lot Features: Other
Parking Features: Assigned
Possession: Close Of Escrow
Road Frontage Type: City Street
Roof: Shingle
Sewer: Public Sewer
Showing Requirements: Appointment Only; Call Listing Agent; No Sign; Restricted Hours
Special Listing Conditions: Standard
Utilities: Cable Available; Electricity Connected; Sewer Connected; Water Connected
Water Source: Public
Waterfront Features: Intracoastal
Listing Office: Real Broker LLC
Last Updated: February - 13 - 2026
Information is deemed to be reliable, but is not guaranteed.