Sold for $1,005,000

$1,005,000

9150 44th Avenue ##1-5, Sebastian, FL 32958

4beds

0baths

--sqft

Multi Family, Apartment

Built in 1959

-- sqft lot

$982,500 Zestimate^®

$--/sqft

$2,062 Estimated rent

Home value

$982,500

$874,000 - $1.11M

$2,062/mo

Zestimate^® history

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$2,062/mo

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$6,527/mo

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$6,527/mo

Est. payment

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What's special

Unobstructed indian river views

This five-unit riverfront apartment building at 9150 44th Ave, Sebastian, Florida, offers a premier investment on the Treasure Coast. Featuring unobstructed Indian River views, the property includes two 1-bedrooms, two studios, and one 2-bedroom. Built in 1959 with concrete block construction and a 5V crimp metal roof, units have undergone significant upgrades. A newer dock with boat lift adds appeal. Sebastian allows short-term rentals like Airbnb/VRBO, with a projected 6.85% cap rate after full occupancy. Strong growth potential for long-term appreciation and income.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 0

Heating

Multiple Heating Units

Cooling

2 Units

Appliances

Laundry: Common Area

Features

Flooring: Tile
Has fireplace: No

Interior area

Living area range: 2001-2200 Square Feet

Property

Parking

Total spaces: 6
Parking features: Off Street

Features

Levels: One
Stories: 1
Patio & porch: Covered, Patio, Porch
Exterior features: Porch, Patio
Pool features: None
Has view: Yes
View description: River
Has water view: Yes
Water view: River
Waterfront features: Intracoastal Access, River Front

Lot

Size: 0.76 Acres
Dimensions: 33106
Features: 1/2 to 1 Acre Lot

Details

Parcel number: 31392800000001000011.0
Zoning: ,
Zoning description: Residential

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family, Apartment

Materials

Block, Concrete
Roof: Metal

Condition

Year built: 1959

Utilities & green energy

Sewer: Septic Tank
Water: Well

Community & HOA

Community

Features: None
Subdivision: Other

HOA

HOA name: NA

Location

Region: Sebastian

Financial & listing details

Tax assessed value: $664,747
Annual tax amount: $10,983
Date on market: 1/20/2025
Tenant pays: Cable TV, Electricity

Price history

Date	Event	Price
3/26/2025	Sold	$1,005,000-8.2%
Source: Realtor Association of Indian River County #284646 Report a problem
3/21/2025	Pending sale	$1,095,000
Source: Realtor Association of Indian River County #284646 Report a problem
1/20/2025	Listed for sale	$1,095,000-8.8%
Source: Realtor Association of Indian River County #284646 Report a problem
9/30/2024	Listing removed	$1,200,000
Source: Realtor Association of Indian River County #281403 Report a problem
9/18/2024	Listed for sale	$1,200,000+181.7%
Source: Realtor Association of Indian River County #281403 Report a problem
10/4/2017	Sold	$426,000
Source: Agent Provided Report a problem