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Melbourne, FL Multifamily Homes & Duplexes for Sale

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  • /34

    $545,000

    • 4 Beds
    • 4 Baths
    • 3,560 Sq Ft

    415 Audubon Dr, Melbourne, FL 32901

    Property is now vacant to accommodate buyer. Buyer canceled a week prior to closing due to financing. Charming, historic building on .32 acre lot with lots of trees. Quadplex in convenient Melbourne location close to Indian River. Each unit is 1-bedroom, 1-bath. Rolled membrane roof 2020. Each unit has its own electric meter and central AC system. 1 water meter, and owner pays. 4 parking spaces

    Denise Contella RE/MAX Aerospace Realty

    415 Audubon Dr, Melbourne, FL 32901
  • /25

    $429,999

    501 E Fee Ave, Melbourne, FL 32901

    This property has been a 2 unit, 5 star super host, steadily booked Airbnb for over 2 years. The front unit has 2 large bedrooms, with a 3rd bed set up in the oversized laundry room, large living room, full kitchen/dining area and full bathroom. The back unit offers a living/dining area, full kitchen, bathroom with stackable washer & dryer, and a queen bedroom. Brand new hurricane rated windows

    Betsy Buckley HomeSmart Coastal Realty

    501 E Fee Ave, Melbourne, FL 32901
  • /42

    $749,900

    • 2,526 Sq Ft

    147 & 159 Ocean View Ln, Melbourne, FL 32903

    Rare Full Duplex Opportunity Just Steps from Paradise Beach! Don't miss your chance to own a well-maintained, income-producing duplex directly across from the iconic Paradise Beach Park, home to sand volleyball courts, playgrounds, food trucks, and wide, sandy beaches with crystal-clear, rock-free water. This concrete block duplex features two beautifully updated units, each with 2 bedrooms, 2

    Joel Ludlow Glover Properties

    147 & 159 Ocean View Ln, Melbourne, FL 32903
  • /68

    $545,000

    • 4 Beds
    • 3 Baths
    • 2,252 Sq Ft

    158 West Ct, Melbourne, FL 32904

    SELLER FINANCING AVAILABLE! Great opportunity to get in the game with this High income producing Tri-plex $4,200 gross rent. Three separate cottages with Two units 2 bedroom 1 bath and one large studio. Situated on a large lot with nice shade trees. Roof newer, new exterior paint, studio completed 2024 BRAND NEW! So many upgrades this TRi-Plex will not last long. LOCATION LOCATION LOCATION

    Jack Taylor RE/MAX Alternative Realty

    158 West Ct, Melbourne, FL 32904
  • /22

    $750,000

    • 2,337 Sq Ft

    2273 Merlin Dr, Melbourne, FL 32904

    Diamond ALF is a fully licensed, turnkey assisted living facility offering a rare opportunity for immediate operation and strong income potential. Recently renovated with several hundred thousand dollars in upgrades, this 4-bedroom property is approved for six residents and includes a full fire alarm and suppression system, a backup generator, and all infrastructure required for regulatory

    Cody Spaur Landshark Realty

    2273 Merlin Dr, Melbourne, FL 32904
  • /8

    $569,900

    • 5 Beds
    • 4 Baths
    • 2,118 Sq Ft

    1620 Peachtree St, Melbourne, FL 32901

    NEW Roof before closing! Highly desirable triplex with long term tenants in the heart of Melbourne! This property consists of a 3 bed, 2 bath unit in the front. 1 bed, 1 bath unit in the middle, and a 1 bed, 1 bath unit in the back. Each unit has its own washer and dryer hookup. Two units have new water heaters. Turn key investment with plenty of growth available! The area is growing with already

    Justin Luke Blue Marlin Real Estate

    1620 Peachtree St, Melbourne, FL 32901
  • /12

    $1,350,000

    • 18 Beds
    • 9 Baths
    • 5,916 Sq Ft

    20 Ella St, Melbourne, FL 32935

    Ella Apartments is a 9 unit apartment building located in Melbourne, FL. The property is concrete block construction and comprised of all large 2 bedroom 1 bath units. The utilities are separately metered for both water and electric, both of which are paid by the tenants. The property has professional management in place.

    Tito Urbano FLORIDA REALTY INVESTMENTS

    20 Ella St, Melbourne, FL 32935
  • /6

    $499,900

    • 3,324 Sq Ft

    406 Bluff Dr, Melbourne, FL 32901

    This property is over 1/2 an acre, just 2 blocks from the Indian River Lagoon, and is located between the Historic Downtown Eau Gallie & Downtown Melbourne. This property is zoned for 6 units. The frontage is currently a historic Quadplex building with an attached apartment and additional apartment. Additionally, a 6-car detached garage. There are 5 kitchens, 4 fireplaces and 6-carports.All units

    Sarah Clifford Real Estate Solutions Brevard

    406 Bluff Dr, Melbourne, FL 32901
  • /2

    $299,000

    • 4 Beds
    • 2 Baths
    • 1,646 Sq Ft

    412 Butler St Unit 412/416, Melbourne, FL 32901

    BOTH SIDES LEASED OUT TO SECTION 8 TENANTS. 412 RENT IS A 1 BEDROMM 1 BATH UNIT AND RENTS FOR $1100 PER MONTH 416 IS A 3 BEDROOM 1 BATH UNIT AND RENTS FOR 1750 PER MONTH GREAT OPPORTUNITY TO LIVE IN ONE SIDE AND RENT OUT THE OTHER OR CONTINUE AS A FULL INCOME PRODUCING PROPERTY. FEATURES SEPARATE WATER AND ELECTRIC METERS, SEPARATE UTILITY ROOMS, FENCED YARD, LARGE CORNER LOT

    Chris DeMarco Demarco Properties

    412 Butler St Unit 412/416, Melbourne, FL 32901
  • /35

    $629,000 New Construction

    • 4 Beds
    • 4 Baths
    • 2,820 Sq Ft

    184 & 188 Sunset Dr, Melbourne, FL 32904

    This CUSTOM BRAND NEW 2025 HIGH INCOME PRODUCING DUPEX is READY FOR NEW OWNER! Be the first to ever live in this home! As you pull up to this home you will be impressed. Poured concrete wall construction, spray foam insulation impact windows and doors. The recessed lighting along front of home giving a very welcoming ambiance, shiplap ceiling as you stroll up to front door. Opening the door

    Jack Taylor RE/MAX Alternative Realty

    184 & 188 Sunset Dr, Melbourne, FL 32904
  • /32

    $629,000 New Construction

    • 4 Beds
    • 4 Baths
    • 2,820 Sq Ft

    176 & 180 Sunset Dr, Melbourne, FL 32904

    CUSTOM NEW 2025 HIGH INCOME PRODUCING DUPEX at $4,609 a MONTH as of 9/12025 for a GROSS annual INCOME of $55,308. As you pull up to this home you will be impressed. Poured concrete wall construction, spray foam insulation, impact windows/doors . The recessed lighting along front of home giving a very welcoming ambiance, shiplap ceiling as you stroll up to front door. Opening the door you'll

    Jack Taylor RE/MAX Alternative Realty

    176 & 180 Sunset Dr, Melbourne, FL 32904
  • /27

    $1,525,000 New Construction

    • 14 Beds
    • 13 Baths

    198 Hidden Woods Place, Melbourne, FL 32901

    NEWLY CONSTRUCTED QUADPLEX WITH NO RENTAL RESTRICTIONS! Exceptional investment opportunity with strong income potential from long-term leases, furnished rentals, or Airbnb. Ideal for FIT students, travel nurses, or corporate tenants. Two units feature 4 beds, 2.5 baths, loft, 1-car garage, and a first-floor Primary Suite with over 1,800 sq. ft. The other two units includes 3 beds, 2.5 baths,

    Meili Viera Waterman Real Estate Inc.

    198 Hidden Woods Place, Melbourne, FL 32901
  • /37

    $1,525,000 New Construction

    • 14 Beds
    • 12 Baths

    238 Hidden Woods Place, Melbourne, FL 32901

    NEWLY CONSTRUCTED QUADPLEX WITH NO RENTAL RESTRICTIONS! Exceptional investment opportunity with strong income potential from long-term leases, furnished rentals, or Airbnb. Ideal for FIT students, travel nurses, or corporate tenants. Two units feature 4 beds, 2.5 baths, loft, 1-car garage, and a first-floor Primary Suite with over 1,800 sq. ft. The other two units includes 3 beds, 2.5 baths,

    Meili Viera Waterman Real Estate Inc.

    238 Hidden Woods Place, Melbourne, FL 32901
  • /49

    $1,525,000 New Construction

    • 14 Beds
    • 12 Baths

    207 Hidden Woods Place, Melbourne, FL 32905

    NEWLY CONSTRUCTED QUADPLEX WITH NO RENTAL RESTRICTIONS! Exceptional investment opportunity with strong income potentialfrom long-term leases, furnished rentals, or Airbnb. Ideal for FIT students, travel nurses, or corporate tenants. Two units feature 4 beds, 2.5 baths, loft, 1-car garage, and a first-floor Primary Suite with over 1,800 sq. ft. The other two units includes 3 beds, 2.5 baths,

    Meili Viera Waterman Real Estate Inc.

    207 Hidden Woods Place, Melbourne, FL 32905
  • /42

    $5,385,000 New Construction

    • 29 Beds
    • 43 Baths

    187 Hidden Woods Place, Melbourne, FL 32901

    Welcome to the Space Coast! Brand New Construction- 15-Unit Townhome Community in the Heart of Melbourne - Don't miss this incredible opportunity to own a brand-new, private townhome community with no rental restrictions—perfect for short-term rentals, annual leases, or student housing. Now Available! Hidden Woods - Currently under construction and scheduled for completion in August of 2025,

    Meili Viera Waterman Real Estate Inc.

    187 Hidden Woods Place, Melbourne, FL 32901

Why Live in Melbourne

Downtown Melbourne buzzes with art galleries, boutiques, and historic buildings, while the Eau Gallie Arts District showcases vibrant murals and hosts monthly art walks. The Indian River Lagoon provides prime spots for kayaking alongside manatees and dolphins, and Melbourne Beach delivers pristine Atlantic shorelines perfect for surfing and swimming. The Brevard Zoo creates interactive wildlife experiences through kayaking tours and animal encounters, while Sebastian Inlet State Park combines camping, fishing, and rocket launch viewing. Cultural attractions include Broadway shows at the King Center for the Performing Arts and Victorian-era exhibits at the Rossetter House Museum & Gardens.

The Melbourne housing market features diverse options across distinct neighborhoods. The median sale price in Melbourne is $375,000, with single-family homes in Downtown Melbourne commanding a median price of $420,000. Suntree's single-family homes reach a median of $560,000, while Paradise Beach homes command a median of $727,500. Condominiums present more affordable options, with one-bedroom units at a median of $147,000 and two-bedroom units at $179,000. Townhomes settle at a median price of $325,000.

Melbourne's tax structure includes a 0.7% effective property tax rate in Brevard County, matching neighboring cities Palm Bay, Rockledge, and Cocoa. Florida residents benefit from no state income tax, while paying a 6.95% combined sales tax rate.

The education system features several A-rated schools, including West Shore Junior/Senior High School and Viera Elementary School. Private education options include Holy Trinity Episcopal Academy and Florida Preparatory Academy, both rated A-plus. The Florida Institute of Technology adds higher education opportunities to the community. The Space Coast Area Transit system connects residents throughout Brevard County, with Melbourne International Airport providing commercial flights to major cities.

Home Trends in Melbourne, FL

Housing Trends

Median Sale Price
$414,880
Median Single Family Sale Price
$440,000
Median Townhouse Sale Price
$334,750
Median 2 Bedroom Sale Price
$166,000
Median 1 Bedroom Sale Price
$140,000
Average Price Per Sq Ft
$241
Number of Homes for Sale
839
Last 12 months Home Sales
2,812
Months of Supply
3.60
Median List Price
$437,257
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
1%
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