$1,850,000
8 beds
1 / 73
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
Documents
Location, Tax, and Legal
Tax Account: 2716968
General County Location: South
Elementary School: Creel
Middle School: Johnson
High School: Eau Gallie
Tax Annual Amount: 16630.6
Tax Year: 2025
Tax Legal Description: EAU GALLIE, VILLAGE PLAT OF LOT 22 BLK A EXC RD R/W
Zoning Description: Commercial
Directions: North on Pineapple from Eau Gallie, 1 mile on the right.
General Property Information
Number Of Buildings: 4
Number Of Units Total: 8
Stories Total: 2
Bathrooms Half: 0
Lot Size Acres: 0.5
Lot Size Dimensions: 66x125
Lot Size Square Feet: 21780
Association YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Waterfront YN: Yes
Water Body Name: Indian River
Open Parking Spaces: 9
Water Frontage Feet: 66
Senior Community YN: No
Water Body Access YN: Yes
Furnished: Furnished
Stories: 2
Direction Faces: West
Pool Private YN: No
Bedrooms Total: 8
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
Appliances
Dishwasher: 1
Dryer: 1
Electric Oven: 1
Microwave: 1
Refrigerator: 1
Tankless Water Heater: 1
Washer: 1
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
Heating
Central: 1
Electric: 1
Laundry Features
Common Area: 1
Electric Dryer Hookup: 1
Multiple Locations: 1
Levels
Two: 1
Listing Terms
Cash: 1
Conventional: 1
Owner May Carry: 1
Private Financing Available: 1
Lot Features
Other: 1
Parking Features
Assigned: 1
Possession
Close Of Escrow: 1
Subject To Tenant Rights: 1
Water Body Access Type
Navigable: 1
Income and Expenses
Gross Income: 144000
Operating Expense: 35000
Income Includes
Rent Only: 1
Owner Pays
Common Area Maintenance: 1
Electricity: 1
Insurance: 1
Management: 1
Pest Control: 1
Sewer: 1
Taxes: 1
Road Frontage Type
City Street: 1
Road Surface Type
Asphalt: 1
Roof
Shingle: 1
Sewer
Public Sewer: 1
Special Listing Conditions
Standard: 1
Unit 1 Details
Unit ID: 1
Actual Rent: 1400
Unit SqFt: 300
Beds Total: 1
Furnished: Furnished
Unit Remarks: Annual
Unit 2 Details
Unit ID: 2
Actual Rent: 1700
Unit SqFt: 300
Beds Total: 1
Furnished: Furnished
Unit Remarks: Seasonal
Unit 3 Details
Unit ID: 3
Actual Rent: 1400
Unit SqFt: 300
Beds Total: 1
Furnished: Furnished
Unit Remarks: Annual
Unit 4 Details
Unit ID: 4
Actual Rent: 2200
Unit SqFt: 300
Beds Total: 1
Furnished: Furnished
Unit Remarks: AIRBNB
Unit 5 Details
Unit ID: 5
Actual Rent: 1800
Unit SqFt: 300
Beds Total: 1
Furnished: Furnished
Unit Remarks: AIRBNB
Unit 6 Details
Unit ID: 6
Actual Rent: 1500
Unit SqFt: 300
Beds Total: 1
Furnished: Furnished
Unit Remarks: 6mo
Unit 7 Details
Unit ID: 7
Actual Rent: 1000
Unit SqFt: 300
Beds Total: 1
Furnished: Furnished
Unit Remarks: M2M
Unit 8 Details
Unit ID: House
Actual Rent: 2500
Unit SqFt: 300
Beds Total: 1
Furnished: Partially
Unit Remarks: Annual
Utilities
Cable Connected: 1
Electricity Connected: 1
Separate Electric Meters: 1
Sewer Connected: 1
View
Intracoastal: 1
Water Source
Public: 1
Waterfront Features
Intracoastal: 1
Seawall: 1
Contract Information
Current Price: $1,850,000
Original List Price: 1900000
List Price: $1,850,000
Status: Active
Listing Contract Date: 2026-02-06
Property Sub Type: Multi Family
Location Tax and Legal
MLS Area Major: 323 - Eau Gallie
Status Change Information
Major Change Timestamp: 2026-03-19T13:03:33Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-03-19T13:03:33Z
Status Change Timestamp: 2026-02-04
Property Features
Appliances: Dishwasher; Dryer; Electric Oven; Microwave; Refrigerator; Tankless Water Heater; Washer
Construction Materials: Block; Frame; Vinyl Siding
Cooling: Electric; Multi Units; Wall/Window Unit(s)
Current Use: Commercial; Multi-Family
Heating: Central; Electric
Income Includes: Rent Only
Laundry Features: Common Area; Electric Dryer Hookup; Multiple Locations
Levels: Two
Listing Terms: Cash; Conventional; Owner May Carry; Private Financing Available
Lot Features: Other
Owner Pays: Common Area Maintenance; Electricity; Insurance; Management; Pest Control; Sewer; Taxes
Parking Features: Assigned
Possession: Close Of Escrow; Subject To Tenant Rights
Road Frontage Type: City Street
Road Surface Type: Asphalt
Roof: Shingle
Sewer: Public Sewer
Special Listing Conditions: Standard
Utilities: Cable Connected; Electricity Connected; Separate Electric Meters; Sewer Connected
View: Intracoastal
Water Body Access Type: Navigable
Water Source: Public
Waterfront Features: Intracoastal; Seawall
Property Brochure 
Listing Office: Real Broker LLC
Last Updated: March - 19 - 2026
Information is deemed to be reliable, but is not guaranteed.