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Off market
  • $504,800

    840 Adger Smith Ln, Melbourne, FL 32935

    --beds
    0baths
    2,666sqft
    MultiFamily
    Built in 1923
    -- sqft lot
    $504,800 Zestimate®
    $189/sqft
    $1,582 Estimated rent

    Home value

    $504,800

    $434,000 - $586,000

    $1,582/mo

    Zestimate® history
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    What's special

    Great Investment Opportunity. Single Story CBS Triplex and Frame Duplex (5 Rentable Units) in Melbourne, just across the street from the River. Units are currently rented month to month. There are Four 1 Bedroom 1 Bath and One 2 Bedroom 1 Bath. Triplex has 1754 liv. sqft and the duplex has 912 liv. sqft. All units are not identical. This is a fixer upper, Triplex has central AC (10yrs old), Duplex has AC wall units, flat older membrane roof. Landlord pays water 1 meter, tenants pay electric on separate meters. Currently rent is between $600 - $800. Property has lots of potential for long term tenants or Airbnb. Zoned multi-family but close to businesses that it could be low-e commercial. Close to Eau Gallie Cswy, Beaches and Restaurants. Cash Only, No hard money loan.

    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
    Heating
    • Electric
    Cooling
    • Wall
    Appliances
    • Included: Range / Oven, Refrigerator
    Features
    • Flooring: Carpet, Linoleum / Vinyl
    Interior area
    • Total interior livable area: 2,666 sqft

    Property

    Features
    • Exterior features: Stucco
    Lot
    • Size: 0.55 Acres
    Details
    • Parcel number: 27372150B24

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • masonry
    • Roof: Built-up
    Condition
    • Year built: 1923

    Utilities & green energy

    • Utilities for property: Other - Call Agent, City Water

    Community & HOA

    Location
    • Region: Melbourne

    Financial & listing details

    • Price per square foot: $189/sqft
    • Tax assessed value: $492,000
    • Annual tax amount: $9,170

    Price history

    DateEventPrice
    1/13/2024Listing removed--
    Source: Space Coast AOR #979122 Report a problem
    12/13/2023Price change$795,000-6.5%$298/sqft
    Source: Space Coast AOR #979122 Report a problem
    10/31/2023Listed for sale$850,000+183.3%$319/sqft
    Source: Space Coast AOR #979122 Report a problem
    12/6/2022Sold$300,000-14.3%$113/sqft
    Source: Space Coast AOR #933941 Report a problem
    11/2/2022Pending sale$350,000$131/sqft
    Source: RE/MAX International #933941 Report a problem
    11/2/2022Contingent$350,000$131/sqft
    Source: Space Coast AOR #933941 Report a problem
    11/1/2022Price change$350,000-12.3%$131/sqft
    Source: Space Coast AOR #933941 Report a problem
    8/26/2022Pending sale$399,000$150/sqft
    Source: RE/MAX International #933941 Report a problem
    8/16/2022Listed for sale$399,000$150/sqft
    Source: RE/MAX International #933941 Report a problem
    8/16/2022Pending sale$399,000$150/sqft
    Source: RE/MAX International #933941 Report a problem
    8/16/2022Contingent$399,000$150/sqft
    Source: Space Coast AOR #933941 Report a problem
    7/6/2022Price change$399,000-6.1%$150/sqft
    Source: Space Coast AOR #933941 Report a problem
    6/2/2022Listed for sale$425,000$159/sqft
    Source: Space Coast AOR #933941 Report a problem
    5/26/2022Pending sale$425,000$159/sqft
    Source: RE/MAX International #933941 Report a problem
    5/26/2022Contingent$425,000$159/sqft
    Source: Space Coast AOR #933941 Report a problem
    5/7/2022Listed for sale$425,000+70%$159/sqft
    Source: Space Coast AOR #933941 Report a problem
    12/17/2019Listing removed$250,000$94/sqft
    Source: In The Home Zone Realty #824648 Report a problem
    9/15/2018Listed for sale$250,000+1884.3%$94/sqft
    Source: In The Home Zone Realty #824648 Report a problem
    7/27/2012Sold$12,599$5/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$9,170 +20.5%$492,000
    2024$7,613 +60.7%$492,000 +100%
    2023$4,736 +69.8%$246,000 +68.2%
    2022$2,790 +5.9%$146,270 +14.8%
    2021$2,634 +1.3%$127,430 +2%
    2020$2,601 -4.9%$124,900 -2%
    2019$2,735 $127,390 +0.3%
    2018$2,735 -0.1%$126,970 +5.2%
    2017$2,739 +4.7%$120,710 +12.3%
    2016$2,617 +4.2%$107,530 +15.4%
    2015$2,513 +14.2%$93,170 +6.8%
    2014$2,199 $87,200 +2.1%
    2013-- $85,410 +19%
    2012$1,579 -3.1%$71,790 -3%
    2011$1,630 -5.4%$73,990 -14.3%
    2010$1,723 -3.8%$86,300 -10.9%
    2009$1,791 -19.6%$96,880 -22%
    2008$2,227 -19.2%$124,200 -7.9%
    2007$2,757 +16.4%$134,800 +5.1%
    2005$2,369 +25.2%$128,280 +34.2%
    2004$1,892 -13.6%$95,570 -10.6%
    2003$2,190 +8.3%$106,950 +6.9%
    2002$2,021 +4.9%$100,030 +4.1%
    2001$1,926 +9.9%$96,050 +7.4%
    2000$1,752 $89,420
    Find assessor info on the county website

    Neighborhood: 32935

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Harbor City
    • Middle: Hoover
    • High: Melbourne

    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
    $504,800
    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
    $504,800