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Melbourne, FL Multifamily Homes & Duplexes for Sale

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  • Unlisted Address
    Unlisted Address
    Unlisted Address
    /73

    $1,850,000

    • 8 Beds

    Unlisted Address

    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

    Jason Engle

    Real Broker, LLC

    (321) 342-2324

    Unlisted Address
  • 1620 Peachtree St, Melbourne, FL 32901
    1620 Peachtree St, Melbourne, FL 32901
    1620 Peachtree St, Melbourne, FL 32901
    /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
  • Unlisted Address
    Unlisted Address
    Unlisted Address
    /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
  • 207 Hidden Woods Place, Melbourne, FL 32905
    207 Hidden Woods Place, Melbourne, FL 32905
    207 Hidden Woods Place, Melbourne, FL 32905
    /49

    $1,365,000 New Construction

    • 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 Waterman Real Estate Inc.

    207 Hidden Woods Place, Melbourne, FL 32905
  • 208 Hidden Woods Place, Melbourne, FL 32901
    208 Hidden Woods Place, Melbourne, FL 32901
    208 Hidden Woods Place, Melbourne, FL 32901
    /35

    $1,365,000 New Construction

    • 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 Waterman Real Estate Inc.

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

    $1,365,000 New Construction

    • 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 Waterman Real Estate Inc.

    168 Hidden Woods Place, Melbourne, FL 32901
  • 2106 Foxwood Dr, Melbourne, FL 32935
    2106 Foxwood Dr, Melbourne, FL 32935
    2106 Foxwood Dr, Melbourne, FL 32935
    /16

    $850,000

    • 8 Beds
    • 8 Baths
    • 4,542 Sq Ft

    2106 Foxwood Dr, Melbourne, FL 32935

    Well maintained investment property on a quiet, low traffic street. Each of the 4 individual units offer 2 bedrooms and 2 bathrooms, open front porch/garden area and a screened in back porch. Utility room off each back porch is complete with laundry hookups. NEW ROOF 2025. There are parking lots located on both ends of the building for tenant use. Happy tenants are currently in place with a very

    Gina Fashano D. Basile Real Estate, LLC

    2106 Foxwood Dr, Melbourne, FL 32935
Florida Brevard County Melbourne

Multi-Family Homes & Duplexes for Sale in Melbourne, FL

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.

Learn more about living in Melbourne

Home Trends in Melbourne, FL

On average, homes in Melbourne, FL sell after 56 days on the market compared to the national average of 56 days. The median sale price for homes in Melbourne, FL over the last 12 months is $397,250, down 3% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price
$397,250
Median Single Family Sale Price
$425,000
Median Townhouse Sale Price
$324,990
Median 2 Bedroom Sale Price
$172,000
Median 1 Bedroom Sale Price
$135,000
Average Price Per Sq Ft
$233
Number of Homes for Sale
869
Last 12 months Home Sales
3,106
Months of Supply
3.40
Median List Price
$425,000
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
-3%

Popular Home Searches in Melbourne, FL

Melbourne combines riverfront views, coastal access, and a laid-back lifestyle along Florida’s Space Coast.

How to Buy a Home How to Finance a Home How to Sell a Home

In Melbourne, there are currently 7 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $450,000 to $1,850,000, there's a range to accomodate every budget. As of April, 2026 the median home price in Melbourne is $425,000, while the average sale price is $462,465, offering insights into the local housing market. On average, multi-family homes spend 56 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to 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 considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Melbourne, FL.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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