$500,000
SOLD JUL 11, 2025
-- Bed
-- Bath
1,828 Sq Ft
8,712 Sq Ft Lot

Recently Sold

$274 Per Sq Ft

2% Below List Price

10 Days on Market

Highlights

  • Room in yard for a pool
  • Wood Flooring
  • Patio
  • Beachland Elementary School Rated A-
  • Cooling System Mounted To A Wall/Window
  • Shed

About This Home

As of July 2025

Don't miss this rare opportunity to own a fully functional and income-generating triplex in the heart of Vero Beach, just half a mile from downtown and only two miles from the beach. Whether you're an investor seeking strong returns or an owner-occupant looking to house hack, this property offers flexibility, comfort, and excellent income potential.The property features three units with private entrances and separate electric meters. Unit 1 is a 310 sq ft studio with a long-term month-to-month tenant currently paying $895 per month. Unit 2 is another 310 sq ft studio operating as a successful Airbnb with stylish finishes, averaging approximately $1,650 per month in short-term rental income, and is being offered fully furnished. Unit 3 is a spacious 2-bedroom, 1-bathroom unit currently

Last Agent to Sell the Property

Julie Genson

Ranch Realty License #3561037 Listed on: 05/16/2025

Ranch Realty

Co-Listed By

Reginald Tougas

Ranch Realty License #698459

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,740

Year Built

  • Built in 1951

Lot Details

  • 8,712 Sq Ft Lot
  • Fenced

Home Design

  • Triplex
  • Composition Roof

Interior Spaces

  • 1,828 Sq Ft Home
  • 1-Story Property

Flooring

  • Wood
  • Concrete
  • Tile
  • Vinyl

Outdoor Features

  • Room in yard for a pool
  • Patio
  • Shed

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Radiant Heating System
  • Wall Furnace

Listing and Financial Details

  • Assessor Parcel Number 33390100005005000003.0

Community Details

Overview

  • 3 Units
  • Royal Park Subdivision

Building Details

  • Operating Expense $15,440
  • Net Operating Income $14,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,740

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Triplex
  • Property Sub Type Additional: Triplex
  • Directions: West on Royal Palm Rd., Turn right on Granada Ave, Home is third building on the right hand side.
  • Year Built: 1951
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Concrete, Hardwood, Tile, Vinyl, Wood
  • Living Area: 1828.0

Exterior Features

  • Exterior Features: Fence, Patio, Room For Pool, Shed
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Disclosures: Pet on Property
  • Construction Type: Block
  • Other Structures: Shed(s)
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Composition

Utilities

  • Cooling: Central Air, Electric, Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Central, Electric, Radiant, Wall Furnace
  • Heating Yn: Yes
  • Utilities: Electricity Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 33390100005005000003.0
  • Lot Size: 58.0 ft x 149.0 ft
  • Lot Size Sq Ft: 8712.0
  • Zoning Description: RM-10/

Multi Family

  • Property Net Operating Income: 14000.0
  • Number Of Units Total: 3
  • Annual Operating Expense: 15440.0

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 5740.0

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Range of Values:

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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 Change Sq Ft Price
07/11/2025 07/11/25 Sold $500,000 -2.0% $274 / Sq Ft
05/26/2025 05/26/25 Pending -- -- --
05/16/2025 05/16/25 For Sale $510,000 +56.9% $279 / Sq Ft
08/05/2020 08/05/20 Sold $325,000 0.0% $143 / Sq Ft
07/06/2020 07/06/20 Pending -- -- --
06/03/2020 06/03/20 For Sale $325,000 +339.8% $143 / Sq Ft
09/12/2014 09/12/14 Sold $73,900 -27.5% $33 / Sq Ft
08/13/2014 08/13/14 Pending -- -- --
05/30/2014 05/30/14 For Sale $102,000 -- $45 / Sq Ft
Source: BeachesMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R11091463

BeachesMLS

APN: 33-39-01-00005-0050-00003.0