$1,350,000
Cape Canaveral, FL 32920
MLS# 1038569
7 beds | 5 baths
1 / 55
Property Description
New Price Adjustment - Exceptional Value!!! Income-Producing Beachside Property - Live Upstairs, Rent Downstairs! Location, Lifestyle & Income - All in One! This rare multi-family property offers the perfect blend of coastal living and smart investing. Ideally situated just steps from the ocean, this two-story gem features: Owner's Residence on Second Floor Spacious 2-bedroom 2-bath plus den home. Kitchen and bath remodeled. Partial ocean views from the main living areas. 3 Income-Producing Units on First Floor Three separate rental units, beautifully updated. Consistent monthly income stream. Ideal for long-term or short-term rentals. Prime Location, across the street from the beach. Walkable to cafes, restaurants, parks and community center. Whether you're a savvy investor, multi-generational family, or someone seeking a beach lifestyle with built-in income, this property checks all the boxes. Live the dream upstairs while your tenants help pay the mortgage.
Details
Maps
Contract Information
Start Showing Date: 2025-03-06
Current Price: $1,350,000
Original List Price: 1650000
List Price: $1,350,000
Status: Active
Listing Contract Date: 2025-02-14
Property Sub Type: Quadruplex
Location, Tax, and Legal
Tax Account: 2433879
Parcel Number: 24-37-23-Cg-00034.0-0021.00
General County Location: Central
Elementary School: Cape View
Middle School: Cocoa Beach
High School: Cocoa Beach
Tax Annual Amount: 7657.76
Tax Year: 2024
Tax Legal Description: AVON BY THE SEA LOT 21 BLK 34
Zoning Description: Multi Family
Directions: From I-95 take exit 205 east toward Cape Canaveral follow 528 into Cape Canaveral
528 turns into N Atlantic turn left on Harrison then left on Ridgewood
General Property Information
Number Of Buildings: 1
Number Of Units Total: 4
Stories Total: 2
Bathrooms Half: 0
Living Area: 3750
Living Area Source: Appraiser
Lot Size Acres: 0.22
Lot Size Square Feet: 9583
Association YN: No
New Construction YN: No
Garage YN: No
Carport YN: No
Waterfront YN: No
Open Parking Spaces: 9
Parking Total: 9
Senior Community YN: No
CDD Fee YN: No
Water Body Access YN: No
Furnished: Furnished
Stories: 2
Direction Faces: East
Pool Private YN: No
List Price/SqFt: 360
Bedrooms Total: 7
Bathrooms Total: 5
Bathrooms Full: 5
Year Built: 1958
Remarks and Miscellaneous
Public Remarks: New Price Adjustment - Exceptional Value!!!
Income-Producing Beachside Property - Live Upstairs, Rent Downstairs!
Location, Lifestyle & Income - All in One!
This rare multi-family property offers the perfect blend of coastal living and smart investing. Ideally situated just steps from the ocean, this two-story gem features:
Owner's Residence on Second Floor
Spacious 2-bedroom 2-bath plus den home. Kitchen and bath remodeled.
Partial ocean views from the main living areas.
3 Income-Producing Units on First Floor
Three separate rental units, beautifully updated.
Consistent monthly income stream.
Ideal for long-term or short-term rentals.
Prime Location, across the street from the beach.
Walkable to cafes, restaurants, parks and community center.
Whether you're a savvy investor, multi-generational family, or someone seeking a beach lifestyle with built-in income, this property checks all the boxes.
Live the dream upstairs while your tenants help pay the mortgage.
Appliances
Dishwasher: 1
Dryer: 1
Electric Oven: 1
Electric Range: 1
Electric Water Heater: 1
Microwave: 1
Refrigerator: 1
Washer: 1
Closing Company Details
Closing Company Name: Sunbelt Title
Closing Company Address: 1800 W Hibiscus Blvd, Ste 110, Melbourne 32901
Construction Materials
Block: 1
Concrete: 1
Stucco: 1
Cooling
Central Air: 1
Electric: 1
Multi Units: 1
Wall/Window Unit(s): 1
Current Use
Multi-Family: 1
DPR Eligible
DPR Eligible: Yes
Exterior Features
Impact Windows: 1
Outdoor Shower: 1
Flooring
Carpet: 1
Laminate: 1
Tile: 1
Vinyl: 1
Heating
Central: 1
Electric: 1
Laundry Features
Lower Level: 1
Upper Level: 1
Legal Details
Plat Book #: 3
Plat Book Page: 7
Levels
Two: 1
Listing Terms
Cash: 1
Conventional: 1
VA Loan: 1
Lot Features
Corner Lot: 1
Parking Features
Parking Lot: 1
Possession
Close Of Escrow: 1
Financial Data Source
Owner: 1
Road Frontage Type
City Street: 1
Road Surface Type
Asphalt: 1
Roof
Shingle: 1
Security Features
Smoke Detector(s): 1
Sewer
Public Sewer: 1
Special Listing Conditions
Standard: 1
Unit 1 Details
Unit ID: 1
Actual Rent: 2500
Unit SqFt: 1120
Beds Total: 3
Full Baths Total: 1
Furnished: Furnished
Unit Remarks: figures based on current rent in CC
Unit 2 Details
Unit ID: 2
Actual Rent: 3200
Unit SqFt: 1660
Beds Total: 2
Full Baths Total: 2
Furnished: Furnished
Unit Remarks: owner occupied -Based on current rent in CC
Unit 3 Details
Unit ID: 3
Actual Rent: 1200
Unit SqFt: 354
Beds Total: 1
Full Baths Total: 1
Furnished: Furnished
Unit Remarks: Based on current rent in CC
Unit 4 Details
Unit ID: 4
Actual Rent: 1600
Unit SqFt: 520
Beds Total: 1
Full Baths Total: 1
Furnished: Furnished
Unit Remarks: Based on current rent in CC
Utilities
Cable Connected: 1
Electricity Connected: 1
Sewer Connected: 1
Water Connected: 1
Water Source
Public: 1
Showing Requirements
24 Hour Notice: 1
Appointment Only: 1
Call Listing Agent: 1
Listing Agent Must Accompany: 1
Lockbox: 1
No Sign: 1
Showing Considerations
Occupied: 1
Location Tax and Legal
Street Number: 7709
Street Name: Ridgewood
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: 2025-09-18T18:02:44Z
Major Change Type: Price Reduced
Price Change Timestamp: 2025-09-18T18:02:44Z
Status Change Timestamp: 2025-03-06
Property Features
Appliances: Dishwasher; Dryer; Electric Oven; Electric Range; Electric Water Heater; Microwave; Refrigerator; Washer
Construction Materials: Block; Concrete; Stucco
Cooling: Central Air; Electric; Multi Units; Wall/Window Unit(s)
Current Use: Multi-Family
Exterior Features: Impact Windows; Outdoor Shower
Financial Data Source: Owner
Flooring: Carpet; Laminate; Tile; Vinyl
Heating: Central; Electric
Laundry Features: Lower Level; Upper Level
Levels: Two
Listing Terms: Cash; Conventional; VA Loan
Lot Features: Corner Lot
Parking Features: Parking Lot
Possession: Close Of Escrow
Road Frontage Type: City Street
Road Surface Type: Asphalt
Roof: Shingle
Security Features: Smoke Detector(s)
Sewer: Public Sewer
Special Listing Conditions: Standard
Utilities: Cable Connected; Electricity Connected; Sewer Connected; Water Connected
Water Source: Public
Showing Considerations: Occupied
Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent; Listing Agent Must Accompany; Lockbox; No Sign
Listing Office: Coldwell Banker Realty
Last Updated: October - 28 - 2025
Information is deemed to be reliable, but is not guaranteed.