$775,000
UNDER CONTRACT

866 16th Place Vero Beach, FL 32960

Estimated payment $4,479/month

Total Views 1,316
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Screened Patio
  • Tile Flooring
  • Central Heating
  • Beachland Elementary School Rated A-
  • Sliding Doors
  • 1-Story Property

About This Home

Hard to find 4-unit, quality rental buildings: 866 16th Place AND 876 16th Place are side-by-side duplexes! Well-located investment property near 17th Street Causeway to island bridge, near US1. Four 2bed/1bath apartments with central air and with screened porches. One unit has received an upgrade of all-impact glass openings and has been remodeled. Easy to replicate as other units become vacant if desired. Fully leased to strong, longstanding tenants. The location couldn't be more convenient for tenants working on the island or mainland. CBS constructed! Appt only, don't approach tenants

Listing Agent

Ron J. Rennick Jr.

Rennick Real Estate Island Ofc Brokerage Phone: 772-231-5200 License #0639930 Listed on: 06/26/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,397

Year Built

  • Built in 1972

Home Design

  • Quadruplex
  • Shingle Roof
  • Stucco

Interior Spaces

  • 1-Story Property
  • Window Treatments
  • Sliding Doors
  • Washer and Dryer Hookup

Flooring

  • Carpet
  • Tile

Parking

  • 4 Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Screened Patio

Utilities

  • Central Heating
  • Septic Tank

Listing and Financial Details

  • Tax Lot 6
  • Assessor Parcel Number 33390100045000000006.0

Community Details

Overview

  • Vero Manor Subdivision

Building Details

  • 4 Separate Electric Meters
  • Insurance Expense $7,600
  • Operating Expense $19,650
  • Gross Income $69,000
  • Net Operating Income $49,350

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,397

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size: IRR
  • Subdivision Name: Vero Manor
  • Directions: From US 1 turn west onto 16th Place, properties on right.
  • Unit Levels: One
  • Building Stories: 1
  • Year Built: 1972
  • Attribution Contact: 772-231-5200
  • Special Features: UnderContract
  • Stories: 1

Interior Features

  • Possible Use: Residential
  • Door Features: Sliding Doors
  • Fireplace: No
  • Flooring: Carpet, Tile
  • Stories: 1
  • Window Features: Window Treatments

Exterior Features

  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront Features: None
  • Waterfront: No
  • Disclosures: Lead Based Paint Disclosure
  • Construction Type: Block, Concrete, Stucco
  • Patio And Porch Features: Patio, Screened
  • Roof: Shingle

Garage/Parking

  • Parking Features: Off Street
  • Total Parking Spaces: 4.0

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup
  • Heating: Central, Individual
  • Sewer: Septic Tank
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: None
  • Association Name: Self

Lot Info

  • Parcel #: 33390100045000000006.0
  • Zoning Description: Residential

Multi Family

  • Annual Gross Income: 69000.0
  • Insurance Expense: 7600.0
  • Property Net Operating Income: 49350.0
  • Annual Operating Expense: 19650.0
  • Number Of Separate Electric Meters: 4

Tax Info

  • Tax Annual Amount: 4397.0
  • Tax Lot: 6
  • Tax Year: 2024

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

Property History

Date Event Price Change Sq Ft Price
06/26/2025 06/26/25 For Sale $775,000 +34.8% --
08/22/2023 08/22/23 Sold $575,000 +4.6% $266 / Sq Ft
08/15/2023 08/15/23 Pending -- -- --
07/18/2023 07/18/23 For Sale $549,500 -- $255 / Sq Ft
Source: REALTORS® Association of Indian River County

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Source: REALTORS® Association of Indian River County

MLS Number: 289185

APN: 33-39-01-00045-0000-00006.0

Florida Indian River County Vero Beach 32960

866 16th Place, Vero Beach, FL

This home is located at 866 16th Place, Vero Beach, FL 32960 and is currently priced at $775,000. This property was built in 1972. 866 16th Place is a home located in Indian River County with nearby schools including Beachland Elementary School, Gifford Middle School, and Vero Beach High School.

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Nearby Homes
Ron J. Rennick Jr.
Listing Agent
Ron J. Rennick Jr.
Section Image
Rennick Real Estate Island Ofc
(772) 758-7880