658 Young St Melbourne, FL 32935
Estimated payment $3,905/month
Highlights
- The property is located in a historic district
- No HOA
- Ductless Heating Or Cooling System
- 4 Fireplaces
- Balcony
- 4-minute walk to Rossetter Park
About This Home
Outstanding investment opportunity in the Eau Gallie Arts District! This restored historic multifamily is an ideal portfolio addition for the astute buyer. All four units are 1BR/1BA with spacious living and dining areas, full kitchens, and a bonus room perfect for an office or creative space. Each unit includes two ductless wall-mounted mini-split systems, and two units feature stackable washer/dryers. Just steps from the Eau Gallie Marina and walking distance to shops, restaurants, and nightlife, with quick access to US-1 and the beach. Upgrades include new plumbing, new electrical, tankless water heaters, impact windows in most areas, 2022 roof, and remodeled interiors that preserve historic charm. With high rental demand in this district, this turnkey property offers strong income potential and long-term appreciation.
Listing Agent
Space Coast Realty & Inv. LLC License #3242222 Listed on: 05/02/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,094
Year Built
- Built in 1926
Lot Details
- 4,792 Sq Ft Lot
- South Facing Home
Home Design
- Quadruplex
- Shingle Roof
- Concrete Siding
- Block Exterior
- Stucco
Interior Spaces
- 3,144 Sq Ft Home
- 2-Story Property
- 4 Fireplaces
- Laminate Flooring
- Stacked Washer and Dryer
Kitchen
- Gas Oven
- Gas Range
- Microwave
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Full Bathrooms
Parking
- 8 Open Parking Spaces
- 8 Parking Spaces
- Shared Driveway
- Guest Parking
- Parking Lot
- Assigned Parking
Outdoor Features
- Balcony
- Shed
Location
- The property is located in a historic district
Schools
- Johnson Middle School
Utilities
- Ductless Heating Or Cooling System
- Multiple cooling system units
- Split Air Conditioning
- Heating Available
- Natural Gas Connected
- Tankless Water Heater
- Gas Water Heater
- Cable TV Available
Listing and Financial Details
- The owner pays for common area maintenance, exterior maintenance, grounds care, HVAC maintenance, insurance, management, pest control, repairs, roof maintenance, taxes, trash collection, water
- Assessor Parcel Number 27-37-21-05-00000.0-0007.00
Community Details
Overview
- No Home Owners Association
- 4 Units
- Snells S/D Of Lot 25 Houstons Add To Eau Gallie Subdivision
Building Details
- Gross Income $52,138
Map
Home Values in the Area
Average Home Value in this Area
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 | $6,687 | $384,000 | -- | -- |
| 2024 | $6,392 | $384,000 | -- | -- |
| 2023 | $6,392 | $384,000 | $0 | $0 |
| 2022 | $5,687 | $351,000 | $0 | $0 |
| 2021 | $5,172 | $272,720 | $58,000 | $214,720 |
| 2020 | $5,056 | $264,750 | $58,000 | $206,750 |
| 2019 | $3,420 | $257,040 | $58,000 | $199,040 |
| 2018 | $2,450 | $114,000 | $0 | $114,000 |
| 2017 | $2,511 | $114,000 | $0 | $114,000 |
| 2016 | $2,514 | $108,000 | $0 | $0 |
| 2015 | $2,224 | $90,200 | $46,000 | $44,200 |
| 2014 | $2,009 | $82,000 | $46,000 | $36,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/02/2026 05/02/26 | For Sale | $625,000 | +66.7% | $199 / Sq Ft | |
| 02/27/2019 02/27/19 | Sold | $375,000 | -5.3% | $119 / Sq Ft | View Prior Sale |
| 01/25/2019 01/25/19 | Pending | -- | -- | -- | |
| 12/26/2018 12/26/18 | For Sale | $395,900 | -- | $126 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $100 | None Listed On Document | |
| Quit Claim Deed | $100 | None Listed On Document | |
| Warranty Deed | $375,000 | Attorney | |
| Warranty Deed | $113,900 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $378,750 | New Conventional | |
| Closed | $378,750 | New Conventional | |
| Previous Owner | $125,000 | New Conventional | |
| Previous Owner | $91,092 | Purchase Money Mortgage |
Source: Space Coast MLS (Space Coast Association of REALTORS®)
MLS Number: 1076310
APN: 27-37-21-05-00000.0-0007.00
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