$1,400,000
SOLD SEP 9, 2025

1832-1838 Pineapple Ave Melbourne, FL 32935

6 Beds
-- Bath
8,324 Sq Ft
0.4 Acres

Recently Sold

$168 Per Sq Ft

26% Below List Price

427 Days on Market

Highlights

  • 0.4 Acre Lot
  • No HOA
  • Central Heating and Cooling System
  • Wood Flooring
  • Cooling System Mounted To A Wall/Window

About This Home

As of September 2025

This is a rare opportunity to own 11 units in the sought-after Eau Gallie Arts District at the Libbyan Apartments.Built in 1925/1964, this historic property has been completely renovated, preserving its old-world charm while modernizing its amenities.Six of the 11 units have been fully updated, offering an excellent opportunity for a new owner to renovate the remaining five units and increase rents. The property requires minimal maintenance, featuring artificial grass throughout the grounds.The unit mix is highly attractive, consisting of six one-bedroom, one-bath units,two studios, and three two-bedroom, one-bath units.Currently, the property generates a gross income of $170,460, with one unit vacant. Significant upgrades have already been completed to the property (see list). This is your chance to capitalize on a unique investment in a vibrant, up-and-coming area. Don't miss out on owning a fantastic asset with both historical significance and modern comforts.

Last Agent to Sell the Property

Olliver Rodeblad Lowe

One Sotheby's International License #3455277 Listed on: 12/10/2024

Co-Listed By

David Curri

One Sotheby's International License #3093601

Last Buyer's Agent

Gigi Rippolone

LoKation License #3577139

LoKation

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,484

Year Built

  • Built in 1925

Lot Details

  • 0.4 Acre Lot

Home Design

  • Frame Construction
  • Shingle Roof
  • Membrane Roofing
  • Block Exterior
  • Stucco

Interior Spaces

  • 6 Bedrooms
  • 8,324 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Tile
  • Vinyl

Laundry

  • Laundry in unit
  • Washer and Electric Dryer Hookup

Parking

  • 14 Parking Spaces
  • Assigned Parking

Schools

  • Creel Elementary School
  • Johnson Middle School
  • Eau Gallie High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Separate Meters

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • The owner pays for gas, insurance, taxes, trash collection, water

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 11 Units

Building Details

  • Gross Income $170,460

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,484

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1925
  • Reso Property Sub Type: Multi Family
  • ResoLaundryFeatures: Electric Dryer Hookup, In Unit, Washer Hookup
  • Co List Office Mls Id: spc.ozosi
  • Co List Office Phone: 321-984-3135
  • ResoSpecialListingConditions: Standard
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Location Tax and Legal Elementary School: Creel
  • Location Tax and Legal Middle School2: Johnson
  • Location Tax and Legal High School: Eau Gallie
  • Location Tax and Legal Tax Annual Amount: 14484.0
  • Location Tax and Legal Tax Year2: 2023
  • General Property Information Living Area2: 8324.0
  • General Property Information Building Area Total3: 8971.0
  • General Property Information Lot Size Acres: 0.4
  • General Property Information Lot Size Square Feet2: 17424.0
  • General Property Information New Construction YN: No
  • Cooling Central Air: Yes
  • Flooring Tile: Yes
  • Flooring Wood: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Roof:Shingle: Yes
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • General Property Information Carport YN2: No
  • General Property Information Stories Total: 2
  • Flooring Vinyl: Yes
  • General Property Information Number Of Units Total2: 11.0
  • Gross Scheduled Income: 170460.0
  • Cooling WallWindow Unit(s): Yes
  • General Property Information Number Of Buildings2: 2.0
  • Marketing Remarks:Marketing Remarks: This is a rare opportunity to own 11 units in the sought-after Eau Gallie Arts District at the Libbyan Apartments.Built in 1925/1964, this historic property has been completely renovated, preserving its old-world charm while modernizing its amenities.Six of the 11 units have been fully updated, offering an excellent opportunity for a new owner to renovate the remaining five units and increase rents. The property requires minimal maintenance, featuring artificial grass throughout the grounds.The unit mix is highly attractive, consisting of six one-bedroom, one-bath units,two studios, and three two-bedroom, one-bath units.Currently, the property generates a gross income of $170,460, with one unit vacant. Significant upgrades have already been completed to the property (see list). This is your chance to capitalize on a unique investment in a vibrant, up-and-coming area. Don't miss out on owning a fantastic asset with both historical significance and modern comforts.
  • General Property Information:Pool Private YN: No
  • General Property Information Water Body Access YN2: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Tile, Vinyl, Wood
  • Total Bedrooms: 6
  • Stories: 2
  • Laundry Features:In Unit: Yes

Exterior Features

  • Roof: Membrane, Shingle
  • Acres: 0.4
  • Pool Private: No
  • Construction Type: Block, Frame, Stucco
  • Construction Materials:Block2: Yes
  • Construction Materials:Stucco: Yes
  • Construction Materials:Frame: Yes
  • ConstructionSiding:Roof Membrane: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Assigned
  • Total Parking Spaces: 14.0
  • General Property Information:Garage YN: No
  • Parking Features:Assigned: Yes
  • General Property Information:Parking Total: 14.0

Utilities

  • Cooling: Central Air, Wall/Window Unit(s)
  • Utilities: Other
  • Heating: Central, Separate Meters, Varies by Unit
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Central: Yes
  • Heating:Separate Meters2: Yes
  • Heating:Varies by Unit2: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Middle Or Junior School: Johnson

Lot Info

  • Current Use: Multi-Family
  • Lot Size Sq Ft: 17424.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Cable TV, Electricity
  • Owner Pays: Gas, Insurance, Taxes, Trash Collection, Water

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 14484.0

Multi Family

  • Number Of Units Total: 11

MLS Schools

  • Elementary School: Creel
  • High School: Eau Gallie
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/09/2025 09/09/25 Sold $1,400,000 -21.8% $168 / Sq Ft
08/08/2025 08/08/25 Pending -- -- --
12/16/2024 12/16/24 Price Changed $1,790,000 -5.3% $215 / Sq Ft
12/10/2024 12/10/24 For Sale $1,890,000 +35.0% $227 / Sq Ft
12/06/2024 12/06/24 Off Market $1,400,000 -- --
10/15/2024 10/15/24 Price Changed $1,890,000 -5.5% $227 / Sq Ft
07/17/2024 07/17/24 Price Changed $1,999,999 -4.8% $240 / Sq Ft
07/02/2024 07/02/24 Price Changed $2,100,000 -10.6% $252 / Sq Ft
06/06/2024 06/06/24 For Sale $2,350,000 -- $282 / Sq Ft
Source: Space Coast MLS (Space Coast Association of REALTORS®)

Agents Affiliated with this Home

  • Olliver Rodeblad Lowe

    Seller's Agent in 2025

    Olliver Rodeblad Lowe

    One Sotheby's International

    (321) 831-2454

    7 in this area

    26 Total Sales

    Olliver Rodeblad Lowe
    Section Image
  • David Curri

    Seller Co-Listing Agent in 2025

    David Curri

    One Sotheby's International

    (321) 300-5409

    21 in this area

    161 Total Sales

    David Curri
    Section Image
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Map

Source: Space Coast MLS (Space Coast Association of REALTORS®)

MLS Number: 1016048

Space Coast MLS (Space Coast Association of REALTORS®)
Florida Brevard County Melbourne 32935

1832-1838 Pineapple Ave, Melbourne, FL

Sold

MultiFamily

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.

Space Coast MLS (Space Coast Association of REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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