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For SaleMulti-Family
$390K
1697 Avocado Avenue, Melbourne, FL 32935
Eau Gallie Arts District neighborhood
Subdivision: Eau Gallie Village Plat of
4
Bedrooms
2
Bathrooms
1,560
Sq Ft
1953
Year Built
$250 /sqft

About This Property

Description from listing agent

INVESTMENT OPPORTUNITY! BRAND NEW ROOF! This well-located Duplex offers both immediate income and future opportunity. Primary location just up the street from Eau Gallie Historic District with great bars, restaurants and shops! Each unit has 2 bedrooms/1 bath with upside potential through interior updates and improvements. One unit features a thoughtfully updated bathroom and both units offer car ports, AC wall units in kitchen/living area and indoor laundry hook up for everyday convenience for tenants. New exterior paint. Current rents provide steady occupancy, with room for adjustment over time - allowing the next owner to align income with today's market conditions. Whether you're looking to expand your portfolio or secure a smart, income producing asset, this duplex combines location, functionality and upside potential in one attractive package.

Space Coast Context

🚀 Launch Viewing — Good Views

29.7 mi from SLC-40

29.7 miles from SLC-40 — visible on clear days, especially at night.

Aerospace Commute Guide
Northrop0.6 mi~1 min
L3Harris2.5 mi~6 min
Blue Origin23.9 mi~53 min
SpaceX24.9 mi~55 min
Lockheed24.9 mi~55 min
Boeing/KSC26.6 mi~59 min
KSC27.1 mi~1h

Estimates only — verify with Google Maps.

Flood Risk

Zone X — Minimal Risk

Outside the Special Flood Hazard Area. Flood insurance is optional but recommended.

Estimated flood insurance: $500 – $1,200 / yr — varies by coverage, elevation & insurer

Source: FEMA National Flood Hazard Layer. Insurance estimates are ranges only — get a quote for accurate pricing.

Offer Intelligence

Price history and market context for this listing.

Price Reductions
No reductions
Listed price has not changed since hitting the market
How we match comps

Comps are pulled directly from the Space Coast MLS — sold sales only, closed within the last 180 days. We apply hyper-local matching criteria in this order:

  • Same property type, always (single family, condo, townhouse, etc.)
  • Single-story homes compared only to single-story (and multi to multi)
  • Exact bedroom count
  • Bathrooms within ±0.5
  • Garage spaces within ±1
  • Pool status must match
  • Waterfront status must match
  • HOA must match (HOA community vs. no HOA)
  • Price within ±5–20% of list price (tightest in early tiers)
  • Square footage within ±10–25% (tighter in early tiers)
  • Year built always within ±5–20 years (never dropped)

We search in tiers, expanding the radius only as needed — starting in the same subdivision within 1 mile, then 2 miles, then the same neighborhood within 3 miles, and the same zip code within 5 miles as a last resort. For luxury homes ($5M+), where nearby comps are scarce, we widen the search to 5–20 miles. Year built is always required so comps are from the same era of construction. The median is weighted toward nearer sales, and sales within the last 90 days count 2× to reflect current market conditions.

Median estimate is based on similar active listings and homes that have sold within the last 180 days in this area, as reported through Brevard MLS. This is not an appraisal or a Comparative Market Analysis (CMA). Before making an offer, work with a licensed real estate agent to obtain a CMA, or hire a certified real estate appraiser for an independent valuation.

Additional Details

Lot Size
0.24 acres (10,454 sqft)
Full Baths
2
Days on Market
65
MLS Area
323 - Eau Gallie

Schools

Middle School

Johnson

Financial & Listing Details

Listed
May 18, 2026
Parcel #
27-37-16-25-00028.0-0004.00
$390K

Listing Agent (for property info)

L
Lauren VanWie
RE/MAX Aerospace Realty
321-213-8866
Call Listing Agent

Estimated Monthly Payment

$2,595/mo
Principal & interest
$2,055
Property taxes
$390
Insurance
$150

Based on a 6.90% rate, 30-year loan, and $390K price — down payment shown: $78,000.

This is a quick estimate only — it does not include items like mortgage insurance, closing costs, or rate-lock terms. For an accurate payment based on your credit and finances, get pre-qualified with a certified bank or licensed mortgage brokerage.

MLS# 1077611

Interested in this property?

Equal Housing Opportunity

MLS# 1077611 · Listing Broker: RE/MAX Aerospace Realty · IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS. Listing information provided by Space Coast Association of REALTORS® and the Space Coast MLS. © 2026 Space Coast Association of REALTORS®. All rights reserved. · MaxxCity Realty LLC · Licensed in Florida.