$1,005,000
SOLD MAR 26, 2025

9150 44th Ave Unit 1-5 Sebastian, FL 32958

Wabasso Neighborhood
-- Bed
-- Bath
-- Sq Ft
0.76 Acres

Recently Sold

8% Below List Price

59 Days on Market

Highlights

  • Access To Intracoastal Waterway
  • 0.76 Acre Lot
  • Multiple cooling system units
  • River View
  • Covered patio or porch
  • Tile Flooring

About This Home

As of March 2025

This five-unit riverfront apartment building at 9150 44th Ave, Sebastian, Florida, offers a premier investment on the Treasure Coast. Featuring unobstructed Indian River views, the property includes two 1-bedrooms, two studios, and one 2-bedroom. Built in 1959 with concrete block construction and a 5V crimp metal roof, units have undergone significant upgrades. A newer dock with boat lift adds appeal. Sebastian allows short-term rentals like Airbnb/VRBO, with a projected 6.85% cap rate after full occupancy. Strong growth potential for long-term appreciation and income.

Last Agent to Sell the Property

John DiGirolomo

LPT Realty, LLC Brokerage Phone: 772-713-4204 License #3458838 Listed on: 01/20/2025

LPT Realty, LLC

Last Buyer's Agent

NON-MLS AGENT

NON MLS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,983

Year Built

  • Built in 1959

Lot Details

  • 0.76 Acre Lot
  • River Front

Home Design

  • Metal Roof

Interior Spaces

  • 1-Story Property
  • Tile Flooring
  • River Views

Parking

  • 6 Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Access To Intracoastal Waterway
  • Covered patio or porch

Utilities

  • Multiple cooling system units
  • Multiple Heating Units
  • Well
  • Septic Tank

Community Details

  • 5 Separate Electric Meters
  • Gross Income $93,000
  • Net Operating Income $72,000

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Tax Lot 1
  • Assessor Parcel Number 31392800000001000011.0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,983

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.76
  • Lot Size: 33106
  • Subdivision Name: Other
  • Directions: From US-1 to right on 510 Causeway and left onto 44th Ave, property on right.
  • Unit Levels: One
  • Building Stories: 1
  • Year Built: 1959
  • Attribution Contact: 772-713-4204
  • Special Features: None
  • Stories: 1

Interior Features

  • Furnished: Unfurnished
  • Possible Use: Residential
  • Fireplace: No
  • Flooring: Tile
  • Stories: 1

Exterior Features

  • Lot Features: 1/2 to 1 Acre Lot
  • Pool Features: None
  • View: River
  • View: Yes
  • Waterfront Features: Intracoastal Access, River Front
  • Waterfront: Yes
  • Disclosures: Lead Based Paint Disclosure
  • Construction Type: Block, Concrete
  • Exterior Features: Porch, Patio
  • Patio And Porch Features: Covered, Patio, Porch
  • Roof: Metal

Garage/Parking

  • Parking Features: Off Street
  • Total Parking Spaces: 6.0

Utilities

  • Laundry Features: Common Area
  • Cooling: 2 Units
  • Cooling Y N: Yes
  • Heating: Multiple Heating Units
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Well

Condo/Co-op/Association

  • Community Features: None
  • Association Name: NA

Lot Info

  • Parcel #: 31392800000001000011.0
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Annual Gross Income: 93000.0
  • Property Net Operating Income: 72000.0
  • Number Of Separate Electric Meters: 5

Tax Info

  • Tax Annual Amount: 10983.0
  • Tax Lot: 1
  • Tax Year: 2024

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
03/26/2025 03/26/25 Sold $1,005,000 -8.2% --
03/20/2025 03/20/25 Pending -- -- --
01/20/2025 01/20/25 For Sale $1,095,000 0.0% --
09/03/2024 09/03/24 Rented $1,800 0.0% --
08/19/2024 08/19/24 For Rent $1,800 -- --
Source: REALTORS® Association of Indian River County

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • John DiGirolomo

    Seller's Agent in 2025

    John DiGirolomo

    LPT Realty, LLC

    (772) 713-4204

    1 in this area

    53 Total Sales

    John DiGirolomo
    Section Image

  • N

    Buyer's Agent in 2025

    NON-MLS AGENT

    NON MLS

See All Agents

Map

Source: REALTORS® Association of Indian River County

MLS Number: 284646

APN: 31-39-28-00000-0010-00011.0

Florida Indian River County Sebastian 32958 Wabasso

9150 44th Ave Unit 1-5, Sebastian, FL

This home is located at 9150 44th Ave Unit 1-5, Sebastian, FL 32958 and is currently priced at $1,005,000. This property was built in 1959. 9150 44th Ave Unit 1-5 is a home located in Indian River County with nearby schools including Pelican Island Elementary School, Storm Grove Middle School, and Sebastian River High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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