$489,000
$10K PRICE DROP

Estimated payment $3,174/month

Total Views 5
-- Beds
-- Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Tennis Courts
  • Laundry closet
  • Central Heating and Cooling System
  • Park
  • Tile Flooring
  • Trails

About This Home

Income-Producing Sebastian Duplex – Turnkey Investment Opportunity! Well-maintained concrete-block duplex offering two spacious 3-bedroom, 2-bath units of approximately 1,150 sf. separate utilities. Current gross rental income of $40,200 annually. Major improvements include a new metal roof, PGT impact-resistant windows, fresh exterior paint, and an updated kitchen in one unit. Built for durability and low-maintenance ownership, this property presents an excellent opportunity for an investor seeking steady rental income in the desirable Sebastian market.

Listing Agent

Jonathan Starratt

LOKATION Brokerage Phone: 321-446-5406 License #3282162 Listed on: 09/15/2026

LOKATION

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,949

Year Built

  • Built in 2003

Home Design

  • Duplex
  • Metal Roof

Interior Spaces

  • 1-Story Property
  • Blinds
  • Tile Flooring
  • Fire and Smoke Detector
  • Laundry closet

Parking

  • 4 Parking Spaces
  • 1 Carport Space
  • Assigned Parking

Additional Features

  • 10,019 Sq Ft Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • The owner pays for taxes, trash collection
  • Tax Lot 7
  • Assessor Parcel Number 31391900001600000007.0

Community Details

Overview

  • Starratt R. Properties, I Association
  • San Sebastian Subdivision

Recreation

  • Tennis Courts
  • Community Basketball Court
  • Community Playground
  • Park
  • Trails

Building Details

  • 2 Separate Electric Meters
  • Insurance Expense $4,030
  • Maintenance Expense $350
  • Operating Expense $15,329
  • Gross Income $40,200
  • Net Operating Income $25,271

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,949

Year Built

Built in 2003

Lot Details

10,019 Sq Ft Lot

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.23
  • Lot Size: 0.23
  • Professional Management Expense: 3600.0
  • Subdivision Name: San Sebastian
  • Directions: South on US-1, Right on Schuman, Left on Empress, Right on Marsh, property on right. Use GPS for best results
  • Unit Levels: One
  • Building Stories: 1
  • Year Built: 2003
  • Attribution Contact: 321-446-5406
  • Special Features: None
  • Stories: 1

Interior Features

  • Possible Use: Residential
  • Owner Pays: Taxes, Trash Collection
  • Fireplace: No
  • Flooring: Tile
  • Stories: 1
  • Window Features: Blinds

Exterior Features

  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Block, Concrete
  • Roof: Metal

Garage/Parking

  • Carport Spaces: 1.0
  • Parking Features: Assigned, Carport
  • Total Parking Spaces: 4.0

Utilities

  • Laundry Features: Laundry Closet, In Unit
  • Security: Smoke Detector(s)
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Basketball Court, Playground, Park, Tennis Court(s), Trails/Paths
  • Association Name: Starratt R. Properties, I

Lot Info

  • Current Use: Residential
  • Parcel #: 31391900001600000007.0
  • Zoning Description: Multiple

Rental Info

  • Tenant Pays: Cable TV, Electricity, Sewer, Water

Multi Family

  • Annual Gross Income: 40200.0
  • Insurance Expense: 4030.0
  • Maintenance Expense: 350.0
  • Property Net Operating Income: 25271.0
  • Annual Operating Expense: 15329.0
  • Number Of Separate Electric Meters: 2

Tax Info

  • Tax Annual Amount: 6949.0
  • Tax Lot: 7
  • Tax Year: 2025

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,949 $382,072 $55,250 $326,822
2024 $5,396 $351,181 $34,000 $317,181
2023 $5,396 $286,186 $0 $0
2022 $4,839 $302,217 $25,500 $276,717
2021 $4,446 $253,768 $14,875 $238,893
2020 $4,090 $221,441 $20,400 $201,041
2019 $3,761 $195,469 $17,000 $178,469
2018 $3,868 $196,235 $9,775 $186,460
2017 $3,248 $182,625 $0 $0
2016 $2,851 $137,820 $0 $0
2015 $2,250 $101,540 $0 $0
2014 $2,017 $92,320 $0 $0
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/15/2026 09/15/26 For Sale $499,000 +224.0% --
02/17/2015 02/17/15 Sold $154,000 -5.2% $52 / Sq Ft View Prior Sale
01/18/2015 01/18/15 Pending -- -- --
10/24/2014 10/24/14 For Sale $162,500 0.0% $55 / Sq Ft
03/03/2014 03/03/14 For Rent $825 +3.1% --
03/03/2014 03/03/14 Rented $800 -- --
Source: REALTORS® Association of Indian River County

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Attorney
Warranty Deed $154,000 Attorney
Warranty Deed $183,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $336,000 New Conventional
Closed $165,000 New Conventional
Closed $150,000 Credit Line Revolving
Source: Public Records

Source: REALTORS® Association of Indian River County

MLS Number: 299918

APN: 31-39-19-00001-6000-00007.0

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