Multi-Family: MLS #1068459 , $ 1,850,000
Multi-Family: MLS #1068459
$ 1,850,000
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Multi-Family: MLS #1068459

,
$ 1,850,000
Bedrooms8 Baths0.0

Monthly Estimate*

$ 11,391

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Multi-Family Home for sale for $1,850,000 with 8 bedrooms. The lot size is 0.5.

Exceptional opportunity to own a rare 8-unit riverfront multifamily in the historic Eau Gallie Arts District. Located at 2179 Pineapple Ave, this income-producing property sits directly on the Indian River, offering long-term value, steady cash flow, and lifestyle appeal. The asset features a mix of long-term tenants and short-term rentals, allowing flexibility to optimize income while diversifying risk. All roofs have been replaced, and the main house HVAC system has been recently updated, reducing near-term capital expenditure concerns. Waterfront units and STR components benefit from strong rental demand driven by river views, sunsets, and proximity to downtown Eau Gallie, galleries, dining, and events. Ideal for investors seeking a stabilized asset with upside through rent optimization, STR expansion, or future appreciation in one of the Space Coast's most walkable and culturally vibrant corridors. A rare combination of location, condition, and income potential on the Indian River

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Multi-Family Active

Price

$ 1,850,000

Bedrooms

8

Property Type

Multi-Family

Taxes

$ 16,630

Style

Multi Family

Lot Size

0.5

MLS | Web ID

1068459

Features
General
Sewer Public Sewer
Heating Central Electric
Cooling Electric Multi Units Wall/Window Unit(s)
Utilities Cable Connected Electricity Connected Sewer Connected Separate Electric Meters
Possession Close Of Escrow Subject To Tenant Rights
Roof Shingle
Appliances Dishwasher Dryer Electric Oven Microwave Refrigerator Tankless Water Heater Washer
Garage Spaces 2
Construction Materials Block Frame Vinyl Siding
View Intracoastal
Stories Count 2
Levels Two
Property Subtype Multi Family
Tax Year 2025
Current Use Commercial Multi-Family
Gross Income 144000
Waterfront Features Seawall Intracoastal
Operating Expense 35000
New Construction false
Property Type Residential Income
HOA false
Attached Garage false
Facing Direction West
Garage Y/N true
Full Baths 0
Status Active
Directions North on Pineapple from Eau Gallie 1 mile on the right.
High School Eau Gallie
Body of Water Indian River
Senior Community Y/N false
Zoning Description Commercial
Number Of Units Total 8
MLS Area 323 - Eau Gallie
Lot Size Units Acres
Lot Size Square Feet 21780
Carport Y/N false
Elementary School Creel
Tax Annual Amount 16630.6
Middle/Junior High School Johnson
Standard Status Active
Legal Description EAU GALLIE VILLAGE PLAT OF LOT 22 BLK A EXC RD R/W
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Interior
Furnished Y/N Furnished
Total Stories 2
Air Conditioning Y/N true
Heating Y/N true
Half Baths 0
Laundry Features Multiple Locations Common Area Electric Dryer Hookup
Total Bedrooms 8
Total Baths 0
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Exterior
Parking Features Assigned
Lot Features Other
Water Source Public
Lot Size Area 0.5
Number of Buildings 4
Lot Dimensions 66x125
Lot Size Acres 0.5
Road Surface Type Asphalt
Waterfront Y/N true
Road Frontage Type City Street
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* Excluded Features
List By
Real Broker Llc

Broker

transactions@jasonengle.realtor

Email

Affordability Calculator

$12,777
Per Month
89%
11%
0%
Monthly Principal & Interest
$11,391
Monthly Property Taxes
$1,386
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
1362997 Elementary School
1363011 Middle School
Eau Gallie High School High School
Pricing History
DatePricePrice ChangeDescription
3/19/2026$1,850,000 -2.63% Price Down
2/20/2026$1,900,000 Listed Price

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