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Off market
  • $1,086,700

    4865 Highway 1 N #4, Melbourne, FL 32935

    --beds
    0baths
    6,226sqft
    MultiFamily
    Built in 1951
    -- sqft lot
    $1,086,700 Zestimate®
    $175/sqft
    $1,865 Estimated rent

    Home value

    $1,086,700

    $945,000 - $1.26M

    $1,865/mo

    Zestimate® history
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    Owner options

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    $1,865/mo

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    $1,865/mo

    Rent Zestimate®

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    $7,047/mo

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    $7,047/mo

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    What's special

    Here is your chance to buy an income property direct river that will pay you to own it with HUGE upside potential! Consisting of 3 separate structures. 2- Triplexes and a Large 3 Bedroom 2 bath house with 3 adjoining apartments. This multi-family Income property can earn you a nice return on your money, you can do short term rentals to increase the ROI or later on build your dream home . Lot is 1.24 acres, has a coquina sea wall, with city water and sewer available for hookup. This property spins off $93,000 in gross income and is in a prime location in the north Melbourne area (Palm shores proper) Take advantage of this investment opportunity today and make it what it can become..

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0
    Features
    • Flooring: Other
    Interior area
    • Total interior livable area: 6,226 sqft

    Property

    Features
    • Exterior features: Stucco
    • On waterfront: Yes
    Lot
    • Size: 1.24 Acres
    Details
    • Parcel number: 263729DT26

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • masonry
    • Roof: Asphalt
    Condition
    • Year built: 1951

    Utilities & green energy

    • Utilities for property: City Water, Cable Available

    Community & HOA

    Location
    • Region: Melbourne

    Financial & listing details

    • Price per square foot: $175/sqft
    • Tax assessed value: $714,760
    • Annual tax amount: $9,482

    Price history

    DateEventPrice
    12/7/2020Sold$800,000-5.9%$128/sqft
    Source: Public Record Report a problem
    9/9/2020Pending sale$850,000$137/sqft
    Source: Curri Properties #872520 Report a problem
    7/28/2020Price change$850,000-5.6%$137/sqft
    Source: Curri Properties #872520 Report a problem
    6/7/2020Price change$900,000-5.3%$145/sqft
    Source: Curri Properties #872520 Report a problem
    4/2/2020Listed for sale$950,000$153/sqft
    Source: Curri Properties #872520 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$9,482 +14.1%$654,470 +10%
    2024$8,312 +272.8%$595,210 +663.1%
    2023$2,229 +6.2%$78,000 +3%
    2022$2,099 -70.1%$75,730 -83.8%
    2021$7,013 -9%$467,560 -5.1%
    2020$7,708 -2.5%$492,540
    2019$7,904 $492,540 +2.6%
    2018$7,904 0%$480,000 +2.1%
    2017$7,904 -1.3%$470,000 +4.4%
    2016$8,010 +1.2%$450,000 +13.9%
    2015$7,914 +7.4%$395,000 +3.9%
    2014$7,366 $380,000 +5.6%
    2013-- $360,000 -7.1%
    2012$5,784 $387,720
    Find assessor info on the county website

    Neighborhood: 32935

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Creel
    • Middle: DeLaura
    • High: Satellite

    Source: The MLS. 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
    $1,086,700
    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
    $1,086,700