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Melbourne, FL Multifamily Homes & Duplexes for Sale

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  • /98

    $1,595,000

    • 3,486 Sq Ft

    907 E Melbourne Ave, Melbourne, FL 32901

    Historic Waterfront Property with Flexible UseDon't miss this rare opportunity to own a one-of-a-kind 7-bedroom, 7-bath historic waterfront property in downtown Melbourne. Enjoy peaceful natural surroundings, frequent wildlife sightings, and beautiful views from the 100-foot boardwalk along Crane Creek, all just moments from downtown restaurants, shops, and entertainment. The property

    Meghan O'Hara Arium Real Estate, LLC

    907 E Melbourne Ave, Melbourne, FL 32901
  • /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
  • /4

    $450,000

    • 6 Beds
    • 3 Baths
    • 2,378 Sq Ft

    Unlisted Address

    Triplex in very convenient area walking distance to bus and major roadway. Quiet mixed residential area on a low traffic loop. This is a corner lot with many nice shady trees and small areas in back for the private use of tenants. Updates needed. Unit 3 needs total renovation. Each unit has 2 bedrooms and one bath. City water and electric meters are separate for each unit. The units have a front

    Jacqueline Malinowska Classique Properties of Brev.

    Unlisted Address
  • /49

    $1,300,000

    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
  • /2

    $249,000

    • 1,125 Sq Ft

    421 Butler St, Melbourne, FL 32901

    Well located duplex 2/1 and 1/1. Newer central air north unit, new roof and exterior paint in the last 5 years. 2/1 rented at $1,200 and 1/1 rented at $900

    steve david Florida Professional R E Inc

    421 Butler St, Melbourne, FL 32901
  • /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

    $1,300,000

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

    208 Hidden Woods Place, Melbourne, FL 32901

    Brand New Construction- 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 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 units includes

    Meili Viera Porter Waterman Real Estate Inc.

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

    $1,300,000

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

    168 Hidden Woods Place, Melbourne, FL 32901

    BRAND NEW CONSTRUCTION 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 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 units includes 3

    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
$424,000
Median Townhouse Sale Price
$315,000
Median 2 Bedroom Sale Price
$245,000
Median 1 Bedroom Sale Price
$130,000
Average Price Per Sq Ft
$233
Number of Homes for Sale
775
Last 12 months Home Sales
3,106
Months of Supply
3.00
Median List Price
$424,900
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
-5%
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