For sale

$599,900

1760&1766 Mason Ter, Melbourne, FL 32935

5beds

2,432sqft

$4,137/mo

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Duplex

Built in 1985

-- sqft lot

$573,300 Zestimate^®

$247/sqft

$-- HOA

What's special

ASSUMABLE 3.75% MORTGAGE! Approx. $335K loan balance available to a qualified buyer. Skip today's rates and step into a low-rate, income-producing duplex in Melbourne. This concrete block duplex offers two well-sized units, each with its own 1-car garage. Unit one is a 3 bed, 2 bath with additional parking, and unit two is a 2 bed, 2 bath. Major updates are already done: impact-rated windows throughout, 2019 roof, a 2021 AC system on one side, and a 2016 air handler on the other. Both units are occupied by long-term tenants paying $1,700 and $1,500 per month ($38,400 per year gross), with leases ending in December. That gives you flexibility to keep the steady income, raise rents, or live in one side and rent the other. City water and sewer. Low-rate financing, solid construction, and proven rental history make this a strong fit for investors and house-hackers.

14 days
607
61

Likely to sell faster than

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 4
Full bathrooms: 4

Heating

Central

Cooling

Central Air

Appliances

Included: Dishwasher, Electric Cooktop, Electric Range, Microwave, Refrigerator
Laundry: In Garage

Features

Flooring: Carpet, Tile
Has fireplace: No

Interior area

Total structure area: 3,217
Total interior livable area: 2,432 sqft

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Property

Parking

Total spaces: 8
Parking features: Additional Parking, Attached
Attached garage spaces: 2

Features

Stories: 1
Exterior features: Impact Windows

Lot

Size: 0.26 Acres

Details

Additional parcels included: 2711761
Parcel number: 273708500000a.00015.00
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Duplex

Materials

Concrete
Roof: Shingle

Condition

New construction: No
Year built: 1985

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Sewer Connected, Water Connected

Community & HOA

Community

Subdivision: Country Club Gardens Subd

HOA

Has HOA: No

Location

Region: Melbourne

Financial & listing details

Price per square foot: $247/sqft
Annual tax amount: $5,555
Date on market: 9/23/2026
Listing terms: Assumable,Cash,Conventional,FHA,VA Loan
Tenant pays: Cable TV, Electricity, Grounds Care, Hot Water, Pest Control, Sewer, Water
Income includes: Rent Only
Road surface type: Asphalt

Estimated market value

$573,300

$545,000 - $602,000

$2,008/mo

Price history

Date	Event	Price
9/23/2026	Listed for sale	$599,900$247/sqft
Source: Space Coast AOR #1088372 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

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Climate risks

Neighborhood: 32935

Getting around

18 / 100

Car-Dependent

37 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

3/10
Dr. W.J. Creel Elementary School
Grades: PK-7Distance: 0.4 mi
4/10
Eau Gallie High School
Grades: PK,9-12Distance: 0.9 mi
4/10
Lyndon B. Johnson Middle School
Grades: 7-8Distance: 0.4 mi

Schools provided by the listing agent

Elementary: Creel
Middle: Johnson
High: Eau Gallie

Source: Space Coast AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.