351 N Shannon Ave Indialantic, FL $ 869,000
351 N Shannon Ave
$ 869,000
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351 N Shannon Ave

Indialantic, FL, 32903
$ 869,000
Bedrooms7 Baths5.0 Sq 3,579

Monthly Estimate*

$ 5,351

351 N Shannon Ave, Indialantic, FL 32903 - Image 1
351 N Shannon Ave, Indialantic, FL 32903 - Image 2
351 N Shannon Ave, Indialantic, FL 32903 - Image 3
351 N Shannon Ave, Indialantic, FL 32903 - Image 4
351 N Shannon Ave, Indialantic, FL 32903 - Image 5
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Multi-Family Home for sale in Indialantic, FL

for $869,000 with 7 bedrooms and 5 full baths. This 3,579 square foot home was built in 1962.

Cash Only | Sold As-Is | Fully Occupied Coastal Triplex | One Block from the Beach Rare opportunity to acquire a fully occupied income-producing triplex located one block from the Atlantic Ocean at Second Avenue, one of Brevard County’s most desirable and supply-constrained beachside markets. Situated on an oversized 0.34-acre corner lot, this 7-bedroom / 5-bath property generates stable monthly rental income with strong long-term upside. With 3,579 sq. ft. under air and flexible zoning, the property offers multiple value-add strategies, including potential redevelopment into townhomes or reconfiguration for higher rents, subject to buyer verification. Dual street frontage enhances future design flexibility and exit potential. Prime Indialantic location just steps from the beach, dining, and local amenities—an area known for strong rental demand, limited inventory, and long-term appreciation. Ideal for investors or developers seeking immediate income with redevelopment or repositioning potential. Proof of funds required. Serious inquiries only.

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Multi-Family Active

Price

$ 869,000

Bedrooms

7

Full Bath

5

Property Type

Multi-Family

Taxes

$ 9,846

Style

Year Built

1962

Town/City

Indialantic

County/Region

Brevard

MLS | Web ID

A11820099

Features
General
Sewer Public Sewer
Heating Other
Cooling Other
Utilities Cable Available
Possession Close Of Escrow
Roof Shingle
Pool Features None
Construction Materials Block Frame
Year Built 1962
Stories Count 2
Levels Two
Property Subtype Triplex
Tax Year 2024
County Brevard
Property Type Residential Income
Subdivision Name INDIALANTIC BY THE SEA
Rent Includes None
Full Baths 5
Status Active
Directions Please make sure to follow GPS and put North before Shannon Ave. It's on the corner of Second Ave.
City Indialantic
Disclosures Owner Is Listing Agent
Zoning Description R-2
Number Of Units Total 3
MLS Area 6371 Brevard County (E of Indian River)
Lot Size Units Square Feet
Listing Terms Cash Conventional FHA VA Loan
Year Built Details Effective Year Built
Tax Annual Amount 9846
MLS Area Minor Other Geographic Area (Out Of Area Only)
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11820099
Standard Status Active
Occupancy Type Tenant
Property Sub Type Additional Triplex
Legal Description INDIALANTIC BY THE SEA LOTS 1 2 3 BLK 65
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Interior
Flooring Tile
Half Baths 0
Total Bedrooms 7
Total Baths 0
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Exterior
Lot Features 1/4 to 1/2 Acre Lot
Total Parking 5
Building Area Total 14810
Waterfront Y/N false
Covered Spaces 0
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* Excluded Features
List By
Beachfront Realty Inc

Broker

786-340-3334

Contact

Affordability Calculator

$6,171
Per Month
87%
13%
0%
Monthly Principal & Interest
$5,351
Monthly Property Taxes
$821
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/22/2025$869,000 Listed Price

Map


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351 N Shannon Ave, Indialantic, FL, 32903 is a Multi-Family Home for sale at $869,000 with 3,579 sqft. 351 N Shannon Ave has 7 bedrooms, 5.0 baths, and was built in 1962. The property's zip code is 32903 which is in Indialantic, FL