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2513 LIPSCOMB STREET Melbourne, FL $ 187,500
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2513 LIPSCOMB STREET
$ 187,500
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2513 LIPSCOMB STREET

Melbourne, FL, 32901
$ 187,500
Bedrooms5 Baths4.1 Sq 2,607

Monthly Estimate*

$ 1,154

2513 LIPSCOMB STREET, Melbourne, FL 32901 - Image 1
2513 LIPSCOMB STREET, Melbourne, FL 32901 - Image 2
2513 LIPSCOMB STREET, Melbourne, FL 32901 - Image 3
2513 LIPSCOMB STREET, Melbourne, FL 32901 - Image 4

Single Family Home for sale in Melbourne, FL

for $187,500 with 5 bedrooms and 4 full baths, 1 half bath. This 2,607 square foot home was built in 1930 on a lot size of 0.18.

Prime Investment Opportunity in Melbourne! This unique property offers strong upside for investors and builders alike. The rear home (2513) is already cash flowing, featuring 2 bedrooms and 2 bathrooms with an in-place tenant paying $1,475/month, providing immediate income. The front home (2511) offers significant value-add potential and is being sold primarily for land value, with options to renovate using existing plans for a 3/2 layout or redevelop the site. Full permits and plans have been submitted to the city for improvements to the rear property. Whether you choose to hold for income, renovate, or explore future redevelopment, this property presents a rare opportunity just under one mile from the ocean in a highly desirable area. A versatile investment with both current returns and long-term potential.

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Single Family Active

Price

$ 187,500

Bedrooms

5

Full Bath

4

Half Bath

1

Property Type

Single Family

Taxes

$ 1,319

Style

Single Family Residence

Lot Size

0.18

Year Built

1930

Town/City

Melbourne

County/Region

Brevard

MLS | Web ID

A4684029
Features
General
Sewer Public Sewer
Heating Other
Cooling Other
Utilities Other
Roof Other
Appliances Other
Zoning C1
Construction Materials Stucco
Year Built 1930
Levels One
Property Subtype Single Family Residence
Tax Year 2025
Ownership Fee Simple
County Brevard
New Construction false
Property Type Residential
Subdivision Name TOWN/HOPARKINS
Facing Direction West
Garage Y/N false
Total Rooms 3
Full Baths 4
Status Active
Directions Turn right onto Malabar Rd SE/FL-514 toward Malabar Turn left onto Babcock St NE/FL-507/County Hwy-507 Follow Babcock St NE/FL-507/County Hwy-507 Turn right onto E University Blvd Turn left onto Lipscomb St
City MELBOURNE
Senior Community Y/N false
MLS Area 32901 - Melbourne
Lot Size Units Square Feet
Lot Size Square Feet 7841
Carport Y/N false
Listing Terms Cash Conventional VA Loan
Land Lease Y/N false
Tax Annual Amount 1319.44
Additional Parcels Y/N false
Lease Considered Y/N false
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Tax Lot 12
Legal Description HOPKINS PLAT PART OF LOT 12 BLK 3 AS DESC IN ORB 1313 PG 1028 EXC RD R/W
Water Access Y/N false
Water View Y/N false
Flood Zone Code X
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Interior
Interior Amenities Other
Flooring Other
Furnished Y/N Unfurnished
Total Stories 1
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Half Baths 1
Laundry Features Other
Total Bedrooms 5
Total Baths 5
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Exterior
Exterior Amenities Other
Water Source Public
Lot Size Area 7841
Foundation Details Crawlspace Other
Building Area Total 2607
Lot Dimensions 47.25 x 125
Lot Size Acres 0.18
Road Surface Type Dirt
Private Pool false
Waterfront Y/N false
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* Excluded Features
List By
Elevate Realty Llc

Broker

Laura@elevaterealtypro.com

Email

Affordability Calculator

$1,264
Per Month
91%
9%
0%
Monthly Principal & Interest
$1,154
Monthly Property Taxes
$110
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
2/26/2026$187,500 Listed Price

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2513 LIPSCOMB STREET, Melbourne, FL, 32901 is a Single Family Home for sale at $187,500 with 2,607 sqft and a lot size of 0.18. 2513 LIPSCOMB STREET has 5 bedrooms, 4.1 baths, and was built in 1930. The property's zip code is 32901 which is in Melbourne, FL

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