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Melbourne, FL Multifamily Homes & Duplexes for Sale

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  • /8

    $569,900

    $30K PRICE DROP
    • 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
  • /22

    $650,000

    • 6 Beds
    • 3 Baths
    • 4,160 Sq Ft

    2264 W New Haven Ave, Melbourne, FL 32904

    Turn-Key Investment: High-Yield Triplex with Long-Term Tenants. Step into instant cash flow with this fully rented triplex. It sits in a prime location close to everything. This property offers a smart layout, private outdoor spaces, and reliable income from day one. Property Features Fully Rented: Enjoy immediate income from stable, long-term tenants.Smart Two-Story Layout: Living rooms and

    Wendy Harpp Waterman Real Estate, Inc.

    2264 W New Haven Ave, Melbourne, FL 32904
  • /49

    $1,299,900

    New Construction $200K PRICE DROP
    • 14 Beds
    • 12 Baths

    207 Hidden Woods Place, Melbourne, FL 32905

    NOW READY-BRAND NEW CONSTRUCTION- 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 end cap 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 interior

    Meili Viera Porter Waterman Real Estate Inc.

    207 Hidden Woods Place, Melbourne, FL 32905
  • /77

    $625,000

    • 4 Beds
    • 4 Baths
    • 3,144 Sq Ft

    658 Young St, Melbourne, FL 32935

    Outstanding investment opportunity in the Eau Gallie Arts District! This restored historic multifamily is an ideal portfolio addition for the astute buyer. All four units are 1BR/1BA with spacious living and dining areas, full kitchens, and a bonus room perfect for an office or creative space. Each unit includes two ductless wall-mounted mini-split systems, and two units feature stackable

    Donna Gianotti-Kelley Space Coast Realty & Inv. LLC

    658 Young St, Melbourne, FL 32935
  • /23

    $3,895,000

    New Construction
    • 29 Beds
    • 43 Baths

    168 Hidden Woods Place, Melbourne, FL 32901

    Brand New Construction- 12-Townhomes individually deeded, in the Heart of Melbourne - 50% occupied and working on Leasing remaining units. 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! Property Highlights: Each unit individually deeded to allow for

    Meili Viera Porter Waterman Real Estate Inc.

    168 Hidden Woods Place, Melbourne, FL 32901
  • /35

    $1,299,900

    New Construction $250K PRICE DROP
    • 14 Beds
    • 12 Baths

    208 Hidden Woods Place, Melbourne, FL 32901

    Brand New Construction- QUADPLEX WITH NO RENTAL RESTRICTIONS AND FULLY LEASED!! 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 end cap 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

    Meili Viera Porter Waterman Real Estate Inc.

    208 Hidden Woods Place, Melbourne, FL 32901
  • /26

    $1,299,900

    New Construction $250K PRICE DROP
    • 14 Beds
    • 13 Baths

    168 Hidden Woods Place, Melbourne, FL 32901

    BRAND NEW CONSTRUCTION QUADPLEX WITH NO RENTAL RESTRICTIONS and FULLY LEASED!! 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 end cap 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

    Meili Viera Porter Waterman Real Estate Inc.

    168 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 Price Trends

Median Sale Price
$395,000
Median Single Family Sale Price
$425,000
Median Townhouse Sale Price
$314,990
Median 2 Bedroom Sale Price
$248,000
Median 1 Bedroom Sale Price
$139,500
Average Price Per Sq Ft
$231
Number of Homes for Sale
766
Last 12 months Home Sales
3,174
Months of Supply
2.90
Median List Price
$419,900
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
-3%
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