$1,500,000

Estimated payment $9,235/month

-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Laundry Room
  • Tile Flooring
  • 1-Story Property
  • Beachland Elementary School Rated A-
  • Central Heating and Cooling System

About This Home

Rarely available 4-unit multi-family building located in the heart of Vero Beach’s barrier island, just 1⁄2 block to one of the area’s most desirable accreting beaches. Concrete block construction featuring (4) 2-Bedroom units, exceptionally located near South Beach, close to top restaurants, including the new Tides, with Publix and Fresh Market just 5 minutes away. A unique coastal investment opportunity with strong upside potential—seldom do 4+ unit properties become available in the highly sought-after 32963.

Listing Agent

Joseph Schlitt

Douglas Elliman Florida LLC Brokerage Phone: 772-360-6824 License #3102713 Listed on: 03/19/2026

Douglas Elliman Florida LLC

Co-Listing Agent

Joseph ONeill

Douglas Elliman Florida LLC Brokerage Phone: 772-360-6824 License #3289603

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,145

Year Built

  • Built in 1969

Lot Details

  • 10,454 Sq Ft Lot
  • Lot Dimensions are 80x130

Home Design

  • Quadruplex
  • Shingle Roof
  • Stucco

Interior Spaces

  • 1-Story Property
  • Blinds
  • Laundry Room

Flooring

  • Laminate
  • Tile

Parking

  • 8 Parking Spaces
  • Assigned Parking

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Listing and Financial Details

  • Tax Lot 13
  • Assessor Parcel Number 33400500012009000013.0

Community Details

Overview

  • Ocean Corp Subdivision

Building Details

  • 5 Separate Electric Meters
  • Maintenance Expense $4,000
  • Operating Expense $25,145
  • Gross Income $98,000
  • Net Operating Income $72,855

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,145

Year Built

Built in 1969

Lot Details

10,454 Sq Ft Lot

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.24
  • Lot Size: 80x130
  • Co List Office Mls Id: 1353
  • Co List Office Phone: 772-763-1500
  • Subdivision Name: Ocean Corp
  • Directions: From A1A heading south, go past the 17th Street Bridge and take a left onto Turtle Cove Lane. Property located just ahead on the north side of the road.
  • Unit Levels: One
  • Building Stories: 1
  • Year Built: 1969
  • Attribution Contact: 772-360-6824
  • Special Features: None
  • Stories: 1

Interior Features

  • Furnished: Unfurnished
  • Possible Use: Residential
  • Fireplace: No
  • Flooring: Laminate, Tile
  • Stories: 1
  • Window Features: Blinds, Single Hung

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
  • Exterior Features: None
  • Roof: Shingle

Garage/Parking

  • Parking Features: Assigned
  • Total Parking Spaces: 8.0

Utilities

  • Laundry Features: Common Area, Laundry Room
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Individual
  • Sewer: Septic Tank
  • Water Source: Public
  • Annual Utilities Expense: 2000.0

Condo/Co-op/Association

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

Schools

  • Junior High Dist: Indian River County Schools

Lot Info

  • Current Use: Multi-Family
  • Parcel #: 33400500012009000013.0
  • Zoning Description: Multiple,Residential

Multi Family

  • Annual Gross Income: 98000.0
  • Maintenance Expense: 4000.0
  • Property Net Operating Income: 72855.0
  • Annual Operating Expense: 25145.0
  • Number Of Separate Electric Meters: 5

Tax Info

  • Tax Annual Amount: 16145.0
  • Tax Lot: 13
  • Tax Year: 2025

Map

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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
2025 $16,145 $1,041,863 $265,200 $776,663
2024 $13,376 $914,256 $265,200 $649,056
2023 $13,376 $775,534 $0 $0
2022 $12,057 $809,870 $265,200 $544,670
2021 $10,588 $640,937 $221,000 $419,937
2020 $7,915 $478,180 $221,000 $257,180
2019 $7,309 $419,339 $159,120 $260,219
2018 $7,326 $413,438 $159,120 $254,318
2017 $7,010 $389,888 $0 $0
2016 $8,423 $506,790 $0 $0
2015 $7,456 $399,940 $0 $0
2014 $6,611 $367,930 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/19/2026 03/19/26 For Sale $1,500,000 +89.9% --
10/30/2020 10/30/20 Sold $790,000 -5.4% $247 / Sq Ft View Prior Sale
09/30/2020 09/30/20 Pending -- -- --
04/02/2020 04/02/20 For Sale $835,000 0.0% $261 / Sq Ft
05/16/2018 05/16/18 For Rent $1,300 +4.0% --
05/16/2018 05/16/18 Rented $1,250 0.0% --
03/16/2018 03/16/18 Sold $650,000 -7.0% $203 / Sq Ft View Prior Sale
02/14/2018 02/14/18 Pending -- -- --
02/07/2018 02/07/18 For Sale $699,000 +52.0% $218 / Sq Ft
10/01/2012 10/01/12 Sold $460,000 -7.8% $144 / Sq Ft View Prior Sale
09/01/2012 09/01/12 Pending -- -- --
03/16/2012 03/16/12 For Sale $499,000 -- $156 / Sq Ft
Source: REALTORS® Association of Indian River County

Source: REALTORS® Association of Indian River County

MLS Number: 295915

APN: 33-40-05-00012-0090-00013.0

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