$1,499,000
Melbourne, FL 32904
MLS# 1028572
8 beds | 8 baths
1 / 36
Property Description
11 Units in a Prime Location! New Roof & Windows! Multi-unit complex perfectly situated in the heart of town, surrounded by major employers, stunning beaches, the Melbourne Mall, and the airport. The offering includes three properties at 89, 87, and 85 NW Irwin Avenue, consisting of: 8-unit apartment building (each 1 bed/1 bath) Duplex (each 2 bed/1 bath) Single-family home (3 bed/2 bath)
Details
Maps
Contract Information
Start Showing Date: 2024-10-31
Comp Sale YN: No
Current Price: $1,499,000
Original List Price: 1955000
List Price: $1,499,000
Status: Active
Listing Contract Date: 2024-11-01
Property Sub Type: Multi Family
Location, Tax, and Legal
Tax Account: 2819901
Parcel Number: 28-37-05-02-0000c.0-0006.00
General County Location: South
Elementary School: University Park
Middle School: Stone
High School: Melbourne
Tax Annual Amount: 10134
Tax Year: 2024
Tax Legal Description: MONA PARK SUBD LOTS 6,7 BLK C
Directions: From 192, turn North on to NW Irwin Avenue. Property will be on the left.
General Property Information
Number Of Buildings: 3
Number Of Units Total: 11
Stories Total: 2
Bathrooms Half: 0
Living Area: 7728
Living Area Source: Public Records
Lot Size Acres: 0.58
Lot Size Square Feet: 25265
Accessibility Features YN: No
Association YN: No
New Construction YN: No
Garage YN: No
Carport YN: No
Waterfront YN: No
Open Parking Spaces: 18
Parking Total: 18
Senior Community YN: No
CDD Fee YN: No
Water Body Access YN: No
Furnished: Unfurnished
Stories: 2
Entry Level: 1
Direction Faces: South
Pool Private YN: No
List Price/SqFt: 193.97
Bedrooms Total: 8
Bathrooms Total: 8
Bathrooms Full: 8
Year Built: 1973
Remarks and Miscellaneous
Public Remarks: 11 Units in a Prime Location! New Roof & Windows!
Multi-unit complex perfectly situated in the heart of town, surrounded by major employers, stunning beaches, the Melbourne Mall, and the airport.
The offering includes three properties at 89, 87, and 85 NW Irwin Avenue, consisting of:
8-unit apartment building (each 1 bed/1 bath)
Duplex (each 2 bed/1 bath)
Single-family home (3 bed/2 bath)
Appliances
Electric Range: 1
Refrigerator: 1
Closing Company Details
Closing Company Name: Landing Title
Construction Materials
Brick: 1
Stucco: 1
Cooling
Central Air: 1
Current Use
Investment: 1
Multi-Family: 1
Exterior Features
Impact Windows: 1
Storm Shutters: 1
Flooring
Tile: 1
Heating
Central: 1
Listing Terms
Cash: 1
Private Financing Available: 1
Lot Features
Few Trees: 1
Parking Features
Parking Lot: 1
Possession
Subject To Tenant Rights: 1
Financial Data Source
Owner: 1
Income and Expenses
Gross Income: 192000
Net Operating Income: 158679
Operating Expense: 33321
Owner Pays
Exterior Maintenance: 1
Insurance: 1
Repairs: 1
Roof Maintenance: 1
Taxes: 1
Trash Collection: 1
Water: 1
Road Frontage Type
City Street: 1
Road Surface Type
Asphalt: 1
Roof
Membrane: 1
Shingle: 1
Security Features
Fire Alarm: 1
Smoke Detector(s): 1
Sewer
Public Sewer: 1
Special Listing Conditions
Standard: 1
Tenant Pays
Cable TV: 1
Electricity: 1
Insurance: 1
Unit 1 Details
Unit ID: 1
Actual Rent: 1350
Unit SqFt: 700
Beds Total: 1
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: 1 Bed 1 Bath
Unit 2 Details
Unit ID: 2
Actual Rent: 1375
Unit SqFt: 700
Beds Total: 1
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: 1 Bed 1 Bath
Unit 3 Details
Unit ID: 3
Actual Rent: 1175
Unit SqFt: 700
Beds Total: 1
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: 1 Bed 1 Bath
Unit 4 Details
Unit ID: 4
Actual Rent: 1250
Unit SqFt: 700
Beds Total: 1
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: 1 Bed 1 Bath
Unit 5 Details
Unit ID: 5
Actual Rent: 1100
Unit SqFt: 700
Beds Total: 1
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: 1 Bed 1 Bath
Unit 6 Details
Unit ID: 6
Actual Rent: 1350
Unit SqFt: 700
Beds Total: 1
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: 1 Bed 1 Bath
Unit 7 Details
Unit ID: 7
Actual Rent: 1350
Unit SqFt: 700
Beds Total: 1
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: 1 Bed 1 Bath
Unit 8 Details
Unit ID: 8
Actual Rent: 1450
Unit SqFt: 700
Beds Total: 1
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: 1 Bed 1 Bath
Utilities
Cable Available: 1
Electricity Connected: 1
Sewer Connected: 1
Water Available: 1
View
Other: 1
Water Source
Public: 1
Showing Requirements
24 Hour Notice: 1
Appointment Only: 1
Call Listing Agent: 1
Showing Considerations
Occupied: 1
Smart Home Features
Locks: 1
Smoke Detector: 1
Location Tax and Legal
Street Number: 89
Street Direction Prefix: NW
Street Name: Irwin
Street Suffix: Avenue
County: Brevard
State: FL
Postal Code: 32904
MLS Area Major: 331 - West Melbourne
Status Change Information
Major Change Timestamp: 2025-08-28T20:04:07Z
Major Change Type: Back on Market
Price Change Timestamp: 2025-07-30T16:38:28Z
Status Change Timestamp: 2025-08-28
Property Features
Appliances: Electric Range; Refrigerator
Construction Materials: Brick; Stucco
Cooling: Central Air
Current Use: Investment; Multi-Family
Exterior Features: Impact Windows; Storm Shutters
Financial Data Source: Owner
Flooring: Tile
Heating: Central
Listing Terms: Cash; Private Financing Available
Lot Features: Few Trees
Owner Pays: Exterior Maintenance; Insurance; Repairs; Roof Maintenance; Taxes; Trash Collection; Water
Parking Features: Parking Lot
Possession: Subject To Tenant Rights
Road Frontage Type: City Street
Road Surface Type: Asphalt
Roof: Membrane; Shingle
Security Features: Fire Alarm; Smoke Detector(s)
Sewer: Public Sewer
Special Listing Conditions: Standard
Tenant Pays: Cable TV; Electricity; Insurance
Utilities: Cable Available; Electricity Connected; Sewer Connected; Water Available
View: Other
Water Source: Public
Smart Home Features: Locks; Smoke Detector
Showing Considerations: Occupied
Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent
Listing Office: LPT Realty, LLC
Last Updated: August - 28 - 2025
Information is deemed to be reliable, but is not guaranteed.