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For sale
  • $995,000

    214 Madison Ave #1-4, Cape Canaveral, FL 32920

    8beds
    3,582sqft
    : 
    $6,402/mo
    Get pre-qualified
    Quadruplex
    Built in 1974
    -- sqft lot
    $918,700 Zestimate®
    $278/sqft
    $-- HOA

    What's special

    Contemporary finishesFresh paintPrivate outdoor spaceGenerous parkingLow-maintenance constructionLuxury vinyl flooringButcher block countertops
    Rare Cape Canaveral Quadplex with Immediate Income & Value-Add Potential! This exceptional four-unit investment property offers the perfect blend of stable cash flow and future upside in one of the Space Coast's strongest rental markets. Located just minutes from the Atlantic Ocean, Cocoa Beach, Port Canaveral, cruise terminals, Patrick Space Force Base, Kennedy Space Center, and the area's expanding aerospace corridor, this property benefits from year-round rental demand. Two units have been tastefully renovated with modern kitchens, updated bathrooms, luxury vinyl flooring, recessed LED lighting, butcher block countertops, stainless steel appliances, fresh paint, and contemporary finishes, creating attractive turnkey units for today's tenants. The remaining two occupied units provide the next owner the opportunity to renovate over time, increasing rents and maximizing returns without sacrificing current income. The property offers generous parking, private outdoor space, dedicated storage and laundry areas, low-maintenance construction, and an excellent unit mix for long-term tenancy. Whether you're an experienced investor looking to expand your portfolio, an out-of-state buyer seeking a quality Florida asset, or completing a 1031 exchange, this property offers both immediate revenue and long-term appreciation potential. With continued growth fueled by the Space Coast's booming aerospace industry, tourism, cruise expansion, and limited multifamily inventory near the beach, opportunities like this are increasingly difficult to find. Income today. Appreciation tomorrow. Opportunity for years to come.
    36 days
    |
    424
    |
    35
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Jared Doyle 321-917-1808,

    ITG Realty

    Source: Space Coast AOR,MLS#: 1082533

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 8
      • Bathrooms: 4
      • Full bathrooms: 4
      Heating
      • Central, Electric
      Cooling
      • Central Air, Electric
      Appliances
      • Included: Dishwasher, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
      • Laundry: Multiple Locations
      Features
      • Flooring: Carpet, Laminate, Tile, Vinyl
      • Has fireplace: No
      Interior area
      • Total interior livable area: 3,582 sqft

      Property

      Parking
      • Total spaces: 10
      Features
      • Stories: 1
      • Exterior features: Courtyard
      • Fencing: Wood
      Lot
      • Size: 0.3 Acres
      Details
      • Additional parcels included: 2433520
      • Parcel number: 243723Cg00014.00012.00
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Quadruplex
      Materials
      • Frame, Wood Siding
      • Roof: Shingle
      Condition
      • New construction: No
      • Year built: 1974

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Cable Connected, Electricity Connected, Sewer Connected, Water Connected, Separate Electric Meters

      Community & HOA

      Community
      • Security: Security Lights, Smoke Detector(s)
      • Subdivision: Avon By The Sea
      HOA
      • Has HOA: No
      Location
      • Region: Cape Canaveral

      Financial & listing details

      • Price per square foot: $278/sqft
      • Annual tax amount: $7,633
      • Date on market: 7/14/2026
      • Listing terms: Cash,Conventional,FHA,Other
      • Tenant pays: Cable TV, Electricity, Telephone, Water
      • Road surface type: Asphalt

        Estimated market value

        $918,700

        $873,000 - $965,000

        $3,052/mo

        Price history

        DateEventPrice
        7/14/2026Listed for sale$995,000$278/sqft
        Source: Space Coast AOR #1082533 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

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        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 32920

        Getting around

        73 / 100
        Very Walkable
        65 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Cape View
        • Middle: Cocoa Beach
        • High: Cocoa Beach

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

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