$490,000
SOLD NOV 17, 2025
-- Bed
-- Bath
3,096 Sq Ft
1930 Built

Sale Details

Date Sold: November 17, 2025

$158 Per Sq Ft

25% Below List Price

544 Days on Market

About This Home

As of November 2025

Catch this income producing Multi-unit Opportunity before its gone! 2 Single family homes + a 6unit bldg is 50% occupied and in need of a new owner ready to embrace an appealing ROI. Plenty of possibilities with this one as it is Zoned CG nestled in between old dixie hwy and US1. High traffic roadway with lots of exposure. Within 5 mins to the Cleveland clinic hospital and downtown Vero plus 10 minute drive to the Beach. Close to shopping, restaurants and more. This is truly central IRC close to 2 of 3 bridges leading to the ocean. All 3 Buldings have New Roofs!

Last Agent to Sell the Property

Tareek Beasley

Keller Williams Realty of VB Brokerage Phone: 772-321-1288 License #3412996 Listed on: 05/13/2024

Keller Williams Realty of VB

Last Buyer's Agent

NON-MLS AGENT

NON MLS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,961

Year Built

  • Built in 1930

Parking

  • 12 Parking Spaces

Home Design

  • Frame Construction
  • Shingle Roof

Additional Features

  • 1-Story Property
  • Lot Dimensions are 63x205
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 10
  • Assessor Parcel Number 32392600007000000010.0

Community Details

Overview

  • J T Gifford Subdivision

Building Details

  • 5 Separate Electric Meters
  • Insurance Expense $3,000
  • Maintenance Expense $4,080
  • Operating Expense $16,160
  • Gross Income $81,600
  • Net Operating Income $65,440

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,961

Year Built

Built in 1930

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Lot Size: 63X205
  • Professional Management Expense: 4080.0
  • Subdivision Name: J T Gifford
  • Directions: From US1 Headed north make left turn onto 42nd street property sits on left.
  • Unit Levels: One
  • Building Stories: 1
  • Year Built: 1930
  • Attribution Contact: 772-321-1288
  • Special Features: None
  • Stories: 1

Interior Features

  • Possible Use: Mixed Use
  • Fireplace: No
  • Flooring: Other
  • Stories: 1
  • Window Features: None, Single Hung

Exterior Features

  • Lot Features: 1/4 to 1/2 Acre Lot
  • Pool Features: None
  • Waterfront Features: None
  • Waterfront: No
  • Disclosures: Lead Based Paint Disclosure
  • Construction Type: Frame
  • Exterior Features: None
  • Roof: Shingle

Garage/Parking

  • Parking Features: None
  • Total Parking Spaces: 12.0

Utilities

  • Laundry Features: None
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: County Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Parcel #: 32392600007000000010.0
  • Zoning Description: Commercial,Residential

Multi Family

  • Annual Gross Income: 81600.0
  • Insurance Expense: 3000.0
  • Maintenance Expense: 4080.0
  • Property Net Operating Income: 65440.0
  • Annual Operating Expense: 16160.0
  • Number Of Separate Electric Meters: 5

Tax Info

  • Tax Annual Amount: 1961.0
  • Tax Lot: 10
  • Tax Year: 2023
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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
11/17/2025 11/17/25 Sold $490,000 -6.7% $158 / Sq Ft
02/06/2025 02/06/25 Price Changed $525,000 -4.5% $170 / Sq Ft
10/24/2024 10/24/24 Price Changed $550,000 -8.2% $178 / Sq Ft
07/05/2024 07/05/24 Price Changed $599,000 -7.8% $193 / Sq Ft
05/21/2024 05/21/24 For Sale $650,000 -- $210 / Sq Ft
Source: REALTORS® Association of Indian River County

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
2025 $3,264 $86,643 $25,877 $60,766
2024 $1,960 $85,213 $25,877 $59,336
2023 $1,960 $85,213 $25,877 $59,336
2022 $1,917 $82,618 $25,877 $56,741
2021 $1,866 $80,260 $25,877 $54,383
2020 $1,921 $87,333 $25,877 $61,456
2019 $1,855 $80,725 $23,001 $57,724
2018 $1,789 $80,725 $23,001 $57,724
2017 $1,716 $80,725 $0 $0
2016 $1,500 $60,590 $0 $0
2015 $1,542 $60,590 $0 $0
2014 $1,339 $55,910 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTORS® Association of Indian River County

MLS Number: 278415

APN: 32-39-26-00007-0000-00010.0

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