RARE OPPORTUNITY 3 BLOCKS TO THE BEACH! A 7-UNIT INVESTMENT PROPERTY! This gem of a property is currently fully occupied with wonderful tenants! A well-maintained multi-family income producing property with each unit having an open floor plan, all tile flooring, all new updated baths, newer kitchens, and every unit is super clean! Peace of mind with a brand-new roof over the entire building, and all cast iron plumbing has been replaced throughout all units! Plenty of parking and storage areas for each unit and there's an on-site coin operated laundry that generates extra income! Location, location, location makes these easy rentals w/no HOA plus only a 5-minute walk to a beach crosswalk, Port Canaveral is a short bike ride away, KSC is only a 20-minute drive, and MCO & theme parks a 35-minute drive! Plenty of shopping & restaurants within walking distance! Collect rents now and bank the land & property for a future project!
Sold for $955,000
$955,000
221 Madison Ave, Cape Canaveral, FL 32920
12beds
5,080sqft
Multi Family
Built in 1964
-- sqft lot
$941,800 Zestimate®
$188/sqft
$3,328 Estimated rent
Home value
$941,800
$866,000 - $1.03M
$3,328/mo
Zestimate® history
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$6,348/mo
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New updated bathsBrand-new roofSuper cleanOpen floor planNewer kitchens
Zillow last checked:
Listing updated:
Listed by:
Donna A Gianotti-Kelley 321-783-5000,
Space Coast Realty & Inv. LLC
Bought with:
Donna A Gianotti-Kelley, 3242222
Space Coast Realty & Inv. LLC
Source: Space Coast AOR,MLS#: 1043737
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 6
- Full bathrooms: 6
Heating
- Other, Individual
Cooling
- Wall/Window Unit(s)
Appliances
- Included: Dishwasher, Disposal, Electric Range, Microwave, Refrigerator
- Laundry: Common Area
Features
- Flooring: Tile
- Has fireplace: No
Interior area
- Total interior livable area: 5,080 sqft
Property
Parking
- Total spaces: 4
- Parking features: Additional Parking, Assigned, Carport, Varies by Unit
- Carport spaces: 4
Features
- Levels: One
- Stories: 1
Lot
- Size: 0.38 Acres
Details
- Additional parcels included: 2433598
- Parcel number: 243723Cg00020.00006.00
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Concrete, Frame
- Roof: Shingle
Condition
- New construction: No
- Year built: 1964
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Sewer Connected, Water Connected, Separate Electric Meters
Community & HOA
Community
- Subdivision: Avon By The Sea
HOA
- Has HOA: No
Location
- Region: Cape Canaveral
Financial & listing details
- Price per square foot: $188/sqft
- Annual tax amount: $9,509
- Date on market: 4/19/2025
- Listing terms: Cash,Conventional
- Tenant pays: Cable TV, Electricity, Telephone
- Income includes: Laundry
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 12/12/2025 | Sold | $955,000-20.4%$188/sqft |
Source: Space Coast AOR #1043737 Report a problem | ||
| 11/15/2025 | Pending sale | $1,200,000$236/sqft |
Source: Space Coast AOR #1043737 Report a problem | ||
| 7/9/2025 | Price change | $1,200,000-14.3%$236/sqft |
Source: Space Coast AOR #1043737 Report a problem | ||
| 4/19/2025 | Listed for sale | $1,400,000$276/sqft |
Source: Space Coast AOR #1043737 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 32920
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Nearby schools
GreatSchools rating
- 7/10Cape View Elementary SchoolGrades: PK-6Distance: 0.4 mi
- 7/10Cocoa Beach Junior/Senior High SchoolGrades: 7-12Distance: 5.2 mi
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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Estimated market value
$941,800
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
$941,800
- Florida
- Brevard County
- Cape Canaveral
- 32920
- 221 Madison Ave
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