NOT LISTED FOR SALE
-- Bed
-- Bath
-- Sq Ft
1959 Built

Sale Details

Date Sold: August 28, 2025

Last sale price $500,000

184 Days on Market

Highlights

  • Pool
  • Patio
  • 3 Car Garage
  • Wood Flooring
  • Central Heating and Cooling System
  • 5-minute walk to Pocahontas Park

About This Home

As of August 2025

Fully Rented Five-plex in Downtown Vero! Central Location with Pool, Minutes from the Beach. Walking Distance to Shopping, Restaurant, and Downtown. Four 1-Bedroom / 1-Bathroom Units & One Efficiency Unit. All Units on One Electric Meter. Metal Roof Installed 2014. City Water/Sewer, FPL. Renovated Kitchens and Restrooms. Wood Flooring (Most Units). Central A/C

Last Agent to Sell the Property

Ed Amos

Lambert Commercial Real Estate Brokerage Phone: 772-778-2334 License #3598773 Listed on: 02/25/2025

Co-Listed By

Kevin Lambert

Lambert Commercial Real Estate Brokerage Phone: 772-778-2334 License #3327845

Last Buyer's Agent

Lisa Mastronardi

Sotheby's International Realty License #3281601

Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,296

Year Built

  • Built in 1959

Parking

  • 3 Car Garage
  • Off-Street Parking

Home Design

  • Metal Roof
  • Stucco

Interior Spaces

  • 1-Story Property
  • Sliding Windows
  • Wood Flooring
  • Fire and Smoke Detector

Pool

Additional Features

  • Patio
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 6
  • Assessor Parcel Number 33390200001013000006.0

Community Details

Overview

  • Original Town Subdivision

Building Details

  • 1 Separate Electric Meter
  • Insurance Expense $485
  • Maintenance Expense $333
  • Operating Expense $35,114
  • Gross Income $67,800
  • Net Operating Income $34,846

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,296

Year Built

Built in 1959

Lot Details

0 Sq Ft Lot

Parking

3

Listing Details

  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Lot Size: 12632
  • Professional Management Expense: 282.0
  • Co List Office Mls Id: 0240
  • Co List Office Phone: 772-778-2334
  • Subdivision Name: Original Town
  • Directions: Located on the corner of 24th Street and 15th Ave.
  • Garage Yn: Yes
  • Unit Levels: One
  • Building Stories: 1
  • Year Built: 1959
  • Attribution Contact: 772-778-2334
  • Special Features: None
  • Stories: 1

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Flooring: Other, Wood
  • Stories: 1
  • Window Features: None, Sliding

Exterior Features

  • Lot Features: 1/4 to 1/2 Acre Lot
  • Pool Features: Pool, Private
  • Pool Private: Yes
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Block, Concrete, Stucco
  • Exterior Features: Patio
  • Patio And Porch Features: Patio
  • Roof: Metal

Garage/Parking

  • Garage Spaces: 3.0
  • Parking Features: Three Car Garage, Off Street, Three or more Spaces
  • Total Parking Spaces: 5.0

Utilities

  • Laundry Features: None
  • Security: Smoke Detector(s)
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Sewer: Public Sewer
  • Water Source: Public
  • Annual Utilities Expense: 750.0

Condo/Co-op/Association

  • Community Features: None
  • Association Name: N/A

Lot Info

  • Parcel #: 33390200001013000006.0
  • Zoning Description: Residential

Multi Family

  • Annual Gross Income: 67800.0
  • Insurance Expense: 485.0
  • Maintenance Expense: 333.0
  • Property Net Operating Income: 34846.0
  • Annual Operating Expense: 35114.0
  • Number Of Separate Electric Meters: 1

Tax Info

  • Tax Annual Amount: 5296.0
  • Tax Lot: 6
  • Tax Year: 2024

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Feb 25, 2025
Closed on
Aug 28, 2025
Sold by
Bought by
Seller's Agent
Ed Amos
Lambert Commercial Real Estate
Buyer's Agent
Lisa Mastronardi
Sotheby's International Realty
List Price
$599,000
Sold Price
$500,000
Premium/Discount to List
-$99,000
-16.53%
Views
62

Purchase Details

Closed on
Aug 8, 2006
Sold by
Bought by

Purchase Details

Closed on
Jan 26, 2004
Sold by
Bought by

Purchase Details

Closed on
Sep 5, 2000
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 Buyer Sale Price Title Company
$500,000 Atlantic Coastal Land Title
-- None Available
$193,000 --
$157,500 --
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
08/28/2025 08/28/25 Sold $500,000 -12.3% --
06/03/2025 06/03/25 Price Changed $570,000 -4.8% --
02/25/2025 02/25/25 For Sale $599,000 -- --
Source: REALTORS® Association of Indian River County

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 $6,376 $403,356 $69,063 $334,293
2024 $5,297 $417,819 $69,063 $348,756
2023 $5,297 $264,207 $0 $0
2022 $4,479 $321,805 $53,125 $268,680
2021 $3,913 $253,718 $53,125 $200,593
2020 $3,545 $220,249 $53,125 $167,124
2019 $3,349 $204,638 $53,125 $151,513
2018 $3,181 $196,314 $53,125 $143,189
2017 $2,855 $165,698 $0 $0
2016 $2,520 $135,580 $0 $0
2015 $2,390 $124,070 $0 $0
2014 -- $113,080 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTORS® Association of Indian River County

MLS Number: 286221

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