Tour
#1039315, Brandon Phillips, Listing office: Blue Marlin Real Estate
$1,200,000 List price
221 Madison Ave Cape Canaveral, FL 32920
12 beds
6 full
5,080 sqft
0.4 acres
$236 / sqft
Multi-Family
Property details
About 221 Madison Ave
RARE OPPORTUNITY 3 BLOCKS TO THE BEACH! A 7-UNIT INVESTMENT PROPERTY! This gem of a property is currently fully occupied with wonderful tenants! A well-maintained multi-family income producing property with each unit having an open floor plan, all tile flooring, all new updated baths, newer kitchens, and every unit is super clean! Peace of mind with a brand-new roof over the entire building, and all cast iron plumbing has been replaced throughout all units! Plenty of parking and storage areas for each unit and there's an on-site coin operated laundry that generates extra income! Location, location, location makes these easy rentals w/no HOA plus only a 5-minute walk to a beach crosswalk, Port Canaveral is a short bike ride away, KSC is only a 20-minute drive, and MCO & theme parks a 35-minute drive! Plenty of shopping & restaurants within walking distance! Collect rents now and bank the land & property for a future project!
Highlights
Home typeMulti Family
HeatingOther
StatusActive
CoolingWall/Window Unit(s)
Size5,080 sqft
Lot size0.38 Acres
Year built1964
ParkingAdditional Parking,Assigned,Carport,Varies by Unit
MLS #1043737
Virtual tour
Summary
- Full Bathrooms: 6
- Appliances: Dishwasher, Disposal, Electric Range, Microwave, Refrigerator
- Flooring Type: Tile
- Total Bedroom Count: 12
- Attached Garage: No
- Parking: Additional Parking,Assigned,Carport,Varies by Unit
- Heating: Other
- Cooling: Wall/Window Unit(s)
- List Price: $1,200,000
- Price/SqFt: $236
- Annual Tax Amount: $9,404
- Tax Year: 2023
- Directions: A1A North from Cocoa Beach turn right onto Madison, complex on the right
- Year Built: 1964
- Stories: 1
- Living Area: 5,080 SqFt
- Lot Size: 0.38 Acres
- MLS Number: 1043737
- MLS Name: Space Coast MLS (Space Coast Association of REALTORS®)
- Office Name: Space Coast Realty & Inv. LLC
- Office Phone: (321) 783-5000
- Listing Agent: Donna A Gianotti-Kelley
Copyright © 2025 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/15/2025, 11:40:37 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Sep 04, 2003 | Home Sold | $339,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $792,000 | $9,404 |
| 2022 | $594,000 | $7,340 |
| 2021 | $456,160 | $7,340 |
| 2020 | $410,670 | $6,173 |
| 2019 | $373,340 | $5,514 |
| 2018 | $350,000 | $5,344 |
| 2017 | $330,000 | $5,344 |
History based on county public records data.
Nearby schools
5
Cape View Elementary School
Public District PK-6
0.4 mi
•8440 Rosalind Ave
8
Audubon Elementary School
Public District PK-6
4.1 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 majority of Cape Canaveral, FL residents have income between $35k-100k annually. The most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.
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 221 Madison Ave
The listing price of 221 Madison Ave property is $1,200,000.
The property 221 Madison Ave is a multi located in Cape Canaveral, Florida, 32920.
Active Listing: 221 Madison Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 221 Madison Ave 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), Merritt Island High School (GreatSchools Rating 5/10), Edgewood Jr/Sr High School (GreatSchools Rating 10/10).
According to the records, the last property tax for 2023 is $9,404 (source: MLS/based on county public records data).
The last sale was on September 4, 2003 for $339,000 (source: MLS/tax record).
The property 221 Madison Ave is 5,080 SqFt (source: MLS/tax record).
The year of construction for 221 Madison Ave is 1964.
This home is located at 221 Madison Ave in Cape Canaveral, FL and zip code 32920. This 5,080 square foot home, which was built in 1964, sits on a 0.38 acre lot. Features: 12 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since April 19, 2025 and is currently priced at $1,200,000.
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 inventory of homes for sale in Cape Canaveral, FL between May and June 2025 increased by 2.2%. In June 2025, listings were on the market for 126 days. During the same period, the median list price in this real estate market was $342,500.
From Rocket Homes Real Estate and based on county public records data.