305-528-7984
139 2nd Ave, Indialantic, FL for Sale
Multi-Family - FOR SALE
1/3
null | Request Cap Rate

139 2nd Ave
Indialantic, FL 32903


HIGHLIGHTS

  • Fully occupied beachside triplex on an oversized 0.34-acre corner lot just one block from the ocean in Indialantic.
  • Approximately 3,579 SF under air with a total of 7 bedrooms and 5 bathrooms across 3 units.
  • Prime coastal location near the beach, dining, and daily conveniences.
  • R-2 zoning with potential redevelopment opportunity; seller states the city may allow two townhomes with separate entrances from different streets
  • Strong opportunity for investors, builders, or long-term hold buyers.

OVERVIEW

Fully Occupied Beachside Triplex | 1 Block to Atlantic | Value-Add & Redevelopment Potential | Indialantic, FL A rare coastal multi-family offering in the heart of Indialantic — just one block from the Atlantic Ocean. This fully occupied triplex presents investors with immediate cash flow, a high-barrier coastal location, and multiple exit strategies ranging from long-term hold to strategic repositioning or redevelopment. The Asset 3,579 SF under air | 7 BD / 5 BA across 3 units | 0.34-acre oversized corner lot | All units currently occupied The Opportunity Coastal multi-family inventory at this price point and ocean proximity is exceptionally scarce. The oversized corner lot creates optionality beyond the existing structure — potential redevelopment plays subject to buyer verification of local zoning requirements. Investment Highlights Fully occupied at acquisition — no lease-up risk Irreplaceable beachside location, one block from the ocean Oversized 0.34-acre corner lot with future development optionality Value-add upside through renovation and rental repositioning Brevard County coastal market with strong rental demand fundamentals Photo Disclaimer Some images shown are artistic renderings or virtual renovations for illustrative purposes only and do not represent the current condition of the property. Buyers are encouraged to conduct their own due diligence. Sold As-Is. Proof of funds required. Serious and qualified inquiries only.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

3

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

R-2

APN/PARCEL ID

27-38-31-EO-00065.0-0001.00

ASK ABOUT THIS PROPERTY

Tamara LimaBeachfront Realty, IncMore Info
305-528-7984

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Tamara LimaBeachfront Realty, IncMore Info
305-528-7984

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.