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#1044717, Gemma L. Peterson, Listing office: Florida Homes & Loans Inc.
$380,000 List price
116 Lincoln Ave Unit 116-118 Cape Canaveral, FL 32920
4 beds
2 baths
1,350 sqft
0.1 acres
$281 / sqft
Multi-Family
Property details
About 116 Lincoln Ave Unit 116-118
Investor Special – High-Upside Duplex in Coastal Cape Canaveral! Just a short stroll to the sandy shoreline, popular beach bars, and local dining hotspots, this versatile duplex is perfectly positioned in one of the Space Coast’s most sought-after areas. With zoning that allows short-term rentals (AirBnB), the opportunity here is immense—flip it for a strong resale or renovate and rent for powerful cash flow in a high-demand vacation and cruise port destination. Each unit is separately metered and connected to natural gas, with a generous layout and the added bonus of a fully enclosed glass sunroom—separate from the main living area—and a covered back patio, both offering great potential for added value as guest space, storage, or outdoor entertainment areas. The property will need a complete remodel including roof, electrical, plumbing, and interior updates, making it the ideal project for seasoned investors or visionary builders. Whether you choose to keep it as two income-producing units or convert it into a single-family home, this is a rare chance to add significant value in an unbeatable location. In-house financing options are available for fix-and-flip or fix-and-rent strategies, giving buyers added flexibility and fast access to returns. This is more than a property—it’s a canvas for your next profitable project in Florida’s thriving coastal market. Want to live in one unit and rent out the other? Ask us about the FHA renovation loan.
Highlights
Home typeDuplex
HeatingCentral
StatusActive
CoolingCentral Air
Size1,350 sqft
Lot size0.14 Acres
Year built1957
ParkingCommon, Driveway, Guest, Oversized, Parking Pad
MLS #O6304530
Summary
- Appliances: Gas Water Heater
- Flooring Type: Concrete, Laminate, Terrazzo
- Interior: Ceiling Fans(s)
- Total Bedroom Count: 4
- Private Pool: No
- Parking: Common, Driveway, Guest, Oversized, Parking Pad
- Exterior: Fence
- Heating: Central
- Cooling: Central Air
- List Price: $380,000
- Price/SqFt: $281
- HOA Amount: $0
- Lot: Corner Lot, Oversized Lot
- Directions: FL-528 E via the ramp to Canaveral/Cape-Port-A.F.S, Follow Jimmy Buffett Mem Hwy S to Lincoln Ave in Cape Canaveral, urn left onto Lincoln Ave Destination will be on the left
- Year Built: 1957
- Living Area: 1,350 SqFt
- Lot Size: 0.14 Acres
- MLS Number: O6304530
- MLS Name: MFRMLS
- Office Name: FLORIDA HOMES & LOANS INC.
- Office Phone: (407) 242-7758
- Listing Agent: Gemma Peterson
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Copyright 2025 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
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Last updated on: 7/14/2025, 8:34:29 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
We're sorry, we currently don't have tax history data for this listing.
Nearby schools
5
Cape View Elementary School
Public District PK-6
0.9 mi
•8440 Rosalind Ave
8
Audubon Elementary School
Public District PK-6
4.0 mi
•1201 N Banana River Dr
10
Robert L. Stevenson Elementary School
Public District KG-6
4.2 mi
•1450 Martin Blvd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $47,175. The most common annual income of people living in Cape Canaveral, FL is between $35k-100k. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
38%
<35k
55%
35k-100k
4%
100k-200k
3%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
70%
Single, No Kids
9%
Single, with Kids
16%
Married, No Kids
5%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
7%
<11 yrs old
4%
12-17 yrs old
20%
18-34 yrs old
58%
35-64 yrs old
11%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Figure Skating
Horse Races
Where do the neighbors shop?
Burlington
Family Dollar
Stein Mart
Where do the neighbors go to eat?
Popeyes
Church's Chicken
LongHorn Steakhouse
What do the neighbors drive?
Dodge
Cadillac
Buick
What do the neighbors listen to?
Urban Contemporary
Jazz
Contemporary Inspirational
All data provided by Home Junction and Claritas
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Frequently asked questions
About 116 Lincoln Ave Unit 116-118
The listing price of 116 Lincoln Ave Unit 116-118 property is $380,000.
The property 116 Lincoln Ave Unit 116-118 is a multi located in Cape Canaveral, Florida, 32920.
Active Listing: 116 Lincoln Ave Unit 116-118 is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 116 Lincoln Ave Unit 116-118 are: Cape View Elementary School (GreatSchools Rating 5/10), Audubon Elementary School (GreatSchools Rating 8/10), Robert L. Stevenson Elementary School (GreatSchools Rating 10/10), Jefferson Middle School (GreatSchools Rating 5/10), Ronald McNair Magnet School (GreatSchools Rating 3/10), Emma Jewel Charter Academy (GreatSchools Rating 2/10), Cocoa Beach Junior/Senior High School (GreatSchools Rating 6/10), Edgewood Jr/Sr High School (GreatSchools Rating 10/10), Merritt Island High School (GreatSchools Rating 5/10).
The property 116 Lincoln Ave Unit 116-118 is 1,350 SqFt (source: MLS/tax record).
The year of construction for 116 Lincoln Ave Unit 116-118 is 1957.
This home is located at 116 Lincoln Ave Unit 116-118 in Cape Canaveral, FL and zip code 32920. This 1,350 square foot home, which was built in 1957, sits on a 0.14 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since April 30, 2025 and is currently priced at $380,000.
In June 2025 more than 0 listings in Cape Canaveral, FL were sold above the asking price. During the same period more than 3 listings were sold at asking price, while more than 19 were sold below. The number of homes for sale in Cape Canaveral, FL increased by 2.2% between May and June 2025. In June 2025 median list price was $342,500 and the average listing age was 126 days.
From Rocket Homes Real Estate and based on county public records data.