Prime Investment Opportunity: Quadplex w/ Impressive Cash Flow Near the Beach! This exceptional investment property sits tucked away in privacy + consists of 2 building each w/ 2 fully remodeled top-to-bottom 2/1 units. 4 fully occupied units - all new finishes in 2022: new roofs, 4 A/Cs, water heaters, appliances + tile. W/D hookup in each unit; separate electric meters. Centrally located close to medical facilities, shopping + dining. Reliable, steady income; ideal addition for any real estate portfolio offering long-term stability + immediate returns yielding a 9.7% cap rate
Sold for $545,000
$545,000
4437 31st Ave, Vero Beach, FL 32967
8beds
0baths
2,600sqft
Quadruplex, Multi Family, Multi Family
Built in 1964
-- sqft lot
$533,700 Zestimate®
$210/sqft
$1,542 Estimated rent
Home value
$533,700
$475,000 - $603,000
$1,542/mo
Zestimate® history
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$1,542/mo
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$3,627/mo
Est. payment
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$3,627/mo
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New finishes
Zillow last checked:
Listing updated:
Listed by:
Hollie M Billero Buldo 772-633-3203,
Billero & Billero Properties
Bought with:
Hollie M Billero Buldo, 3207925
Billero & Billero Properties
Source: Realtor Association of Indian River County,MLS#: 284074
Originating MLS: Indian River
Originating MLS: Indian RiverFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 0
Heating
- Central, Individual
Cooling
- Central Air
Appliances
- Laundry: Washer Hookup, Dryer Hookup, In Unit
Features
- Flooring: Tile
- Windows: None, Single Hung
- Has fireplace: No
Interior area
- Total interior livable area: 2,600 sqft
Property
Parking
- Total spaces: 8
- Parking features: None
Features
- Levels: One
- Stories: 1
- Exterior features: None
- Pool features: None
- Waterfront features: None
Lot
- Size: 0.51 Acres
- Dimensions: 105 x 210
- Features: 1/2 to 1 Acre Lot
Details
- Parcel number: 32392700000100000009.0
- Zoning: ,
- Zoning description: Multiple
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family, Multi Family
Materials
- Block, Concrete
- Roof: Shingle
Condition
- Year built: 1964
Utilities & green energy
- Sewer: County Sewer
- Water: Public
Community & HOA
Community
- Features: None
- Subdivision: Gifford
HOA
- HOA name: Private
Location
- Region: Vero Beach
Financial & listing details
- Price per square foot: $210/sqft
- Tax assessed value: $117,833
- Annual tax amount: $2,225
- Date on market: 1/3/2025
- Tenant pays: Cable TV, Electricity, Trash Collection, Water
Price history
| Date | Event | Price |
|---|---|---|
| 4/4/2025 | Sold | $545,000$210/sqft |
Source:  Realtor Association of Indian River County #284074 Report a problem | ||
| 2/19/2025 | Contingent | $545,000$210/sqft |
Source: Realtor Association of Indian River County #284074 Report a problem | ||
| 1/6/2025 | Listed for sale | $545,000+98.2%$210/sqft |
Source: Realtor Association of Indian River County #284074 Report a problem | ||
| 3/8/2022 | Sold | $275,000-15.4%$106/sqft |
Source: Realtor Association of Indian River County #247939 Report a problem | ||
| 1/18/2022 | Pending sale | $325,000$125/sqft |
Source: Realtor Association of Indian River County #247939 Report a problem | ||
| 1/14/2022 | Listed for sale | $325,000$125/sqft |
Source: Realtor Association of Indian River County #247939 Report a problem | ||
| 12/30/2021 | Pending sale | $325,000$125/sqft |
Source: Realtor Association of Indian River County #247939 Report a problem | ||
| 12/2/2021 | Price change | $325,000-6.9%$125/sqft |
Source: Realtor Association of Indian River County #247939 Report a problem | ||
| 11/24/2021 | Listed for sale | $349,000$134/sqft |
Source: Realtor Association of Indian River County #247939 Report a problem | ||
| 11/16/2021 | Pending sale | $349,000$134/sqft |
Source: Realtor Association of Indian River County #247939 Report a problem | ||
| 11/9/2021 | Listed for sale | $349,000+772.5%$134/sqft |
Source: Realtor Association of Indian River County #247939 Report a problem | ||
| 7/3/2013 | Sold | $40,000-39.4%$15/sqft |
Source: Public Record Report a problem | ||
| 9/29/2006 | Sold | $66,000$25/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,924 -13.5% | $41,111 -66.8% |
| 2024 | $2,225 +12.1% | $123,989 +15.7% |
| 2023 | $1,985 +10% | $107,121 +6.7% |
| 2022 | $1,805 +8.3% | $100,377 +15.1% |
| 2021 | $1,666 +10.4% | $87,231 +18% |
| 2020 | $1,510 | $73,913 +7.9% |
| 2019 | $1,510 +4.3% | $68,489 |
| 2018 | $1,447 +25.9% | $68,489 +8.9% |
| 2017 | $1,150 | $62,866 +78.1% |
| 2016 | $1,150 +26.2% | $35,300 |
| 2015 | $911 -2.6% | $35,300 +8.5% |
| 2014 | $936 | $32,530 -28.8% |
| 2013 | -- | $45,670 |
| 2012 | $983 +0.1% | $45,670 |
| 2011 | $982 -2% | $45,670 -3.5% |
| 2010 | $1,002 -8.9% | $47,350 -15% |
| 2009 | $1,100 -9.3% | $55,730 -15.7% |
| 2008 | $1,213 -16.9% | $66,080 -18% |
| 2007 | $1,460 | $80,630 +41.1% |
| 2006 | -- | $57,150 |
| 2005 | -- | $57,150 |
| 2004 | -- | $57,150 +15.1% |
| 2003 | -- | $49,650 |
Find assessor info on the county website
Neighborhood: Gifford
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Nearby schools
GreatSchools rating
- 6/10Dodgertown Elementary SchoolGrades: PK-5Distance: 0.6 mi
- 7/10Gifford Middle SchoolGrades: 6-8Distance: 0.3 mi
- 5/10Vero Beach High SchoolGrades: 9-12Distance: 3.2 mi
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Estimated market value
$533,700
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
$533,700
- Florida
- Indian River County
- Vero Beach
- 32967
- Gifford
- 4437 31st Ave
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