$485,000
$30K PRICE DROP

Estimated payment $3,009/month

Total Views 4,948
8 Beds
4 Baths
2,766 Sq Ft
$175 Price per Sq Ft

Highlights

  • No HOA
  • 2 Car Attached Garage
  • Central Heating and Cooling System

About This Home

Rare opportunity to own a four-parcel property with existing income and strong potential for increased returns. The property includes two tenant-occupied single-family homes, a vacant duplex ready for renovation, and a detached garage with potential for conversion into an additional rental unit. This flexible setup offers a unique blend of current cash flow and future upside—ideal for investors looking to add value through renovation or creative use of space. Whether you're expanding your portfolio or seeking your next project, this property has the fundamentals to deliver.

Listing Agent

Jennifer Hendry

BLUE MARLIN REAL ESTATE Brokerage Phone: 321-877-2902 License #3394303 Listed on: 04/30/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,957

Year Built

  • Built in 1951

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions are 97x282

Parking

  • 2 Car Attached Garage

Home Design

  • 2,766 Sq Ft Home
  • Quadruplex
  • Slab Foundation
  • Shingle Roof

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • 4 Buildings
  • 4 Units
  • Indian River City Delespine Grant Subdivision

Listing and Financial Details

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,957

Year Built

Built in 1951

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Construction Materials: Other
  • Fireplace: No
  • Living Area: 2766
  • Lot Size Acres: 0.31
  • New Construction: No
  • Year Built: 1951
  • Lot Size Sq Ft: 13504
  • Directions to Property: N on US1 take a Left on Coquina. Property starts on the Right corner of Coquina and Mount Sterling and ends at the corner of Mount Sterling and Cedar.
  • Status: Active
  • Ownership: Fee Simple
  • Escrow State: FL
  • List Office Head Office Key Nume: 556413316
  • RATIO Current Price By Calculate: 175.34
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number YN: 0
  • Water Access YN: 0
  • Attribution Contact: 321-877-2902
  • Tax Year: 2024
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Interior Amenities: Other
  • Foundation Details: Slab
  • Total Bedrooms: 8
  • Street Number Modifier: 4060
  • Living Area Meters: 256.97

Exterior Features

  • Exterior Features: Other
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Asphalt
  • Water Extras YN: 0
  • Water View YN: 0
  • Waterfront Feet Total: 0

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes

Utilities

  • Utilities: Public
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Other
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association 2 YN: 0

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Lot Info

  • Zoning: R1C
  • Parcel Number: 22 3522-03-6-7
  • Additional Parcels: No
  • Lot Dimensions: 97x282
  • Flood Zone Code: X
  • Lot Size Square Meters: 1255

Green Features

  • Green Verification Count: 0

Multi Family

  • Number Of Units Total: 4
  • Total Num Buildings: 4
  • Unit Count: 4

Tax Info

  • Tax Annual Amount: 3957.05
  • Tax Block: 6
  • Tax Book Number: 1-168
  • Tax Lot: 7

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

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
2023 $3,753 $178,130 $0 $0
2022 $3,437 $177,370 $0 $0
2021 $3,214 $142,110 $27,300 $114,810
2020 $3,261 $142,090 $27,300 $114,790
2019 $3,423 $144,140 $27,300 $116,840
2018 $3,277 $137,030 $27,300 $109,730
2015 $2,577 $102,030 $26,000 $76,030
2014 $2,370 $92,760 $26,000 $66,760
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2025 06/25/25 Price Changed $485,000 -5.8% $175 / Sq Ft
04/25/2025 04/25/25 For Sale $515,000 -- $186 / Sq Ft
Source: Stellar MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- --
Warranty Deed -- --
Source: Public Records

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Source: Stellar MLS

MLS Number: O6304379

Stellar MLS

APN: 22-35-22-03-00006.0-0007.00