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837 Hickory Street Melbourne, FL $ 1,800,000
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$ 1,800,000 Get more info
837 Hickory Street
$ 1,800,000
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Share Save

837 Hickory Street

Melbourne, FL, 32901
$ 1,800,000
Bedrooms-- Baths8.0 Sq 5,500

Monthly Estimate*

$ 11,083

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Commercial Property for sale in Melbourne, FL

for $1,800,000 with 8 full baths. This 5,500 square foot building was built in 1979 on a lot size of 0.36.

Turnkey 8-Unit Multifamily Investment - Prime Melbourne, FL Location 5% CAP Discover a high-performing 8-unit multifamily CBS building offering stable income and modern upgrades in a strong Space Coast rental market. Each unit is a 1 bed / 1 bath layout with updated interiors and a consistent rental history. With 5,500 SF of rentable area on 0.36 acres, this property provides an ideal balance of density, parking convenience, and long-term tenant retention. The property features a new metal roof (2020), electrical panels, appliances, HVAC, resurfaced/striped parking lot, and freshly painted.

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Commercial Active

Price

$ 1,800,000

Full Bath

8

Property Type

Commercial

Taxes

$ 10,031

Style

Multi Family

Lot Size

0.36

Year Built

1979

Town/City

Melbourne

County/Region

Brevard

MLS | Web ID

1060500
Features
General
Living Area 5500
Sewer Public Sewer
Heating Central Electric
Cooling Ceiling Fan(s) Central Air Electric
Utilities Cable Available Electricity Connected Sewer Connected
Possession Close Of Escrow
Roof Metal
Security Features Smoke Detector(s)
Construction Materials Concrete Stucco
Year Built 1979
Tenant Pays Cable TV Electricity Insurance Pest Control Repairs Telephone
Property Subtype Multi Family
Tax Year 2024
Current Use Commercial Investment Multi-Family Residential
Gross Income 119499
County Brevard
Net Operating Income 86320
Insurance Expense 15450
Property Type Commercial Sale
HOA false
Attached Garage false
MaintenanceExpense 2863
Subdivision Name Riverside Drive
Status Active
Directions Head north on I-95 take exit 182 toward Ellis Rd/St Johns Heritage Pkwy continue onto W Nasa Blvd Use the 2 left lanes to turn left to stay on W Nasa Blvd turn left onto Hickory St Turn right.
City Melbourne
Senior Community Y/N false
Zoning Description Multi Family
Number Of Units Total 8
MLS Area 323 - Eau Gallie
Lot Size Units Acres
Lot Size Square Feet 15681.6
Land Lease Y/N false
Tax Annual Amount 10031
Trash Expense 1323.68
MLS Area Minor 323 - Eau Gallie
Additional Parcels Y/N false
Virtual Tour https://www.propertypanorama.com/instaview/spc/1060500
Standard Status Active
Taxes 10031
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Interior
Flooring Tile
Total Stories 2
Air Conditioning Y/N true
Heating Y/N true
Total Baths 8
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Exterior
Parking Features Additional Parking Guest Parking Lot Unassigned
Lot Features Other
Water Source Public
Inclusions Building & Land
Lot Size Area 0.36
Lot Size Acres 0.36
Waterfront Y/N false
Road Frontage Type City Street
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* Excluded Features
List By
Nex-Gen Partners

Broker

ana@nex-genpartners.com

Email

Affordability Calculator

$11,919
Per Month
93%
7%
0%
Monthly Principal & Interest
$11,083
Monthly Property Taxes
$836
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
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/20/2026$1,800,000 Listed Price

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837 Hickory Street, Melbourne, FL, 32901 is a Commercial Property for sale at $1,800,000 with 5,500 sqft and a lot size of 0.36. 837 Hickory Street has 8.0 baths and was built in 1979. The property's zip code is 32901 which is in Melbourne, FL

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