$449,999
501 E Fee Ave, Melbourne, FL 32901
Betsy Buckley HomeSmart Coastal Realty
3
Downtown Melbourne Multifamily Homes & Duplexes for Sale
-
501 E Fee Ave, Melbourne, FL 32901
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$519,500
- 2 Beds
- 1,118 Sq Ft
603 E New Haven Ave, Melbourne, FL 32901
603 E New Haven Ave, Melbourne, FL 32901Jack Taylor RE/MAX Alternative Realty
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$2,149,000
- 6 Beds
- 3.5 Baths
- 8,607 Sq Ft
911 E New Haven Ave, Melbourne, FL 32901
911 E New Haven Ave, Melbourne, FL 32901Zachary Ullian The Ullian Realty Corporation
Why Live in Downtown Melbourne
Melbourne's coastal, cultural and commercial center is undergoing a transition. Streetscape improvements, luxury condominiums and businesses are injecting new life into Downtown Melbourne after some mainstays recently closed. Even as it grows, it's already marked by a busy shopping, dining and events scene. "You can easily walk to enjoy a great night downtown and come back to your oasis without having to drive," according to Anthony Romero, Realtor with Dale Sorensen Real Estate. "That's the lifestyle that everyone lives down there. It's a magical spot that's really just being noticed and still on the forefront of growth." The downtown landscape includes secluded, tree-lined streets and waterfront condos and townhouses. Residential streets branch off of New Haven Avenue, the main commercial road. Single-family homes include Spanish Revival, Minimal Traditional, ranch and bungalow-style properties ranging from around $300,000 to $900,000. Mature palms, pines and Spanish moss-draped oak trees help to buffer sound from the busy road. According to Romero, there is a high demand and a low supply in this sought-after area, but waterfront condos are adding to the luxury market. Condos
Home Trends in Downtown Melbourne, FL
On average, homes in Downtown Melbourne, Melbourne sell after 55 days on the market compared to the national average of 51 days. The median sale price for homes in Downtown Melbourne, Melbourne over the last 12 months is $548,000, up 61% from the median home sale price over the previous 12 months.
Housing Trends
Median Sale Price
$548,000
Median Single Family Sale Price
$498,999
Median 2 Bedroom Sale Price
$525,000
Median 1 Bedroom Sale Price
$245,500
Average Price Per Sq Ft
$362
Number of Homes for Sale
21
Last 12 months Home Sales
27
Months of Supply
9.30
Median List Price
$655,000
Median Change From 1st List Price
7%
Median Home Sale Price YoY Change
61%
In Downtown Melbourne, there are currently 3 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes ranging from $449,999 to $2,149,000, there's something for every budget. As of July, 2025 the median home price in Downtown Melbourne, Melbourne is $655,000, while the average sale price is $576,959, providing insight into local market trends. On average, multi-family homes spend 55 days on the market before being sold. Multi-family homes encompass various property types, including duplexes, triplexes, fourplexes, and apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're interested in a duplex for a starter investment or an apartment complex for a larger-scale venture, there are investment properties available to suit your needs. Explore the range of multi-family homes for sale in Downtown Melbourne, Melbourne.
Downtown Melbourne Types of Homes for Sale
More About Living in Downtown Melbourne
Homes in Nearby Neighborhoods
Homes in Nearby Cities
Homes in Nearby Counties
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