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Sold for $308,000
  • $308,000

    116 LINCOLN AVENUE #116-118, CAPE CANAVERAL, FL 32920

    4beds
    2baths
    1,350sqft
    Duplex, Multi Family
    Built in 1957
    -- sqft lot
    $300,500 Zestimate®
    $228/sqft
    $2,334 Estimated rent

    Home value

    $300,500

    $273,000 - $331,000

    $2,334/mo

    Zestimate® history
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    $2,334/mo

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    $2,082/mo

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    $2,082/mo

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    What's special

    Generous layoutFully enclosed glass sunroomCovered back patio
    Investor Special – High-Upside Duplex in Coastal Cape Canaveral! Just a short stroll to the sandy shoreline, popular beach bars, and local dining hotspots, this versatile duplex is perfectly positioned in one of the Space Coast’s most sought-after areas. With zoning that allows short-term rentals (AirBnB), the opportunity here is immense—flip it for a strong resale or renovate and rent for powerful cash flow in a high-demand vacation and cruise port destination. Each unit is separately metered and connected to natural gas, with a generous layout and the added bonus of a fully enclosed glass sunroom—separate from the main living area—and a covered back patio, both offering great potential for added value as guest space, storage, or outdoor entertainment areas. The property will need a complete remodel including roof, electrical, plumbing, and interior updates, making it the ideal project for seasoned investors or visionary builders. Whether you choose to keep it as two income-producing units or convert it into a single-family home, this is a rare chance to add significant value in an unbeatable location. In-house financing options are available for fix-and-flip or fix-and-rent strategies, giving buyers added flexibility and fast access to returns. This is more than a property—it’s a canvas for your next profitable project in Florida’s thriving coastal market. Want to live in one unit and rent out the other? Ask us about the FHA renovation loan.

    Zillow last checked:

    Listing updated:

    Listed by:

    Gemma Peterson 407-242-7758,

    FLORIDA HOMES & LOANS INC. 407-242-7758

    Bought with:

    Gemma Peterson, 3522887

    FLORIDA HOMES & LOANS INC.

    Source: Stellar MLS,MLS#: O6304530MLS LogoOriginating MLS: Orlando Regional

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Included: Gas Water Heater
    • Laundry: Washer Hookup
    Features
    • Ceiling Fan(s)
    • Flooring: Concrete, Laminate, Terrazzo
    • Has fireplace: No
    • Common walls with other units/homes: Corner Unit
    Interior area
    • Total structure area: 1,710
    • Total interior livable area: 1,350 sqft

    Property

    Parking
    • Parking features: Common, Driveway, Guest, Oversized, Parking Pad
    • Has uncovered spaces: Yes
    Features
    • Levels: One
    • Stories: 1
    • Patio & porch: Rear Porch
    • Fencing: Fenced
    • Waterfront features: Beach Access
    Lot
    • Size: 6,098 Square Feet
    • Dimensions: 50 x 125
    • Features: Corner Lot, Oversized Lot
    Details
    • Parcel number: 24 3723CG6515
    • Zoning: C1
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Duplex, Multi Family
    • Attached to another structure: Yes
    Materials
    • Block
    • Foundation: Slab
    • Roof: Membrane
    Condition
    • Fixer
    • New construction: No
    • Year built: 1957

    Utilities & green energy

    • Sewer: Private Sewer
    • Water: Public
    • Utilities for property: Electricity Connected, Natural Gas Connected, Public, Sewer Connected, Street Lights, Water Connected

    Community & HOA

    Community
    • Pet fee: $0 monthly
    • Subdivision: AVON BY SEA
    HOA
    • Has HOA: No
    Location
    • Region: Cape Canaveral

    Financial & listing details

    • Price per square foot: $228/sqft
    • Annual tax amount: $4,507
    • Date on market: 4/30/2025
    • Cumulative days on market: 26 days
    • Listing terms: Cash,FHA,Other,Special Funding
    • Ownership: Fee Simple
    • Total actual rent: 0
    • Tenant pays: Electricity, Gas, Sewer, Trash Collection, Water
    • Electric utility on property: Yes
    • Road surface type: Asphalt

    Price history

    DateEventPrice
    8/1/2025Sold$308,000-18.9%$228/sqft
    Source: Stellar MLS #O6304530 Report a problem
    7/28/2025Pending sale$380,000$281/sqft
    Source: Stellar MLS #O6304530 Report a problem
    7/10/2025Listed for sale$380,000$281/sqft
    Source: Stellar MLS #O6304530 Report a problem
    5/12/2025Pending sale$380,000$281/sqft
    Source: Stellar MLS #O6304530 Report a problem
    4/30/2025Listed for sale$380,000$281/sqft
    Source: Stellar MLS #O6304530 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 32920

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $300,500
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $300,500