Video tour
$9,316 Closing Credit¹
#1025209, Andrea Aylett-Hosch, Listing Office: Pineapple Place Realty, LLC
$9,316
closing credit¹
704 E Lincoln Ave Melbourne, FL 32901
$784,500 List price
$9,316
Closing credit¹
0 beds
2,619 sqft
0.2 acres
$300 / sqft
Multi-Family
Property details
About 704 E Lincoln Ave
PRICE IMPROVEMENT! TURN-KEY vacation rental investment opportunity 2 blocks from Historic Downtown. Operated as a professionally managed STR since 2018, the Lincoln Guest House has broad appeal to vacationers, students and professionals. This Spanish Colonial quadraplex apartment offers four one-bedroom/one-bath apartments metered separately. The units are fully furnished and thoughtfully decorated with a mix of modern aesthetic and old-Florida charm. The quad is within walking distance of restaurants, bars, shops with Indialantic beaches just over the causeway and easy access to US1 and A1A. Established STR operation with high occupancy currently listed on Airbnb, VRBO, direct website and mid-term channels. Professionally managed, property has a long income history, streamlined operations and software stack to optimize occupancy and rates. This is a great passive investment opportunity, turnkey self-managed STR or 1031 exchange. Professional management with Superhost status can continue. Improvements: new roof installed 2023 and 4 high-efficiency ductless AC systems also installed in 2023. Flexible C1 mixed-use zoning. Gross income of $110,000 (3 yr avg) with very high occupancy and steady income.
Highlights
Home typeQuadruplex
HeatingCentral, Zoned
StatusActive
CoolingCentral Air, Zoned
Size2,619 sqft
Lot size0.2 Acres
Year built1926
MLS #O6242336
Virtual tour
Summary
- MLS Number: O6242336
- MLS Name: MFRMLS
- Office Name: PINEAPPLE PLACE REALTY, LLC
- Listing Agent: Andrea Aylett-Hosch
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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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.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/8/2025, 11:19:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$784,500
704 E Lincoln Ave
$9,316
closing credit¹
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Seller rebate
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Dec 07, 2017 | Home Sold | $360,000 |
| Aug 14, 2014 | Home Sold | $80,000 |
| Oct 07, 2003 | Home Sold | $225,000 |
| Jul 24, 2002 | Home Sold | $128,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $388,800 | $7,074 |
| 2022 | $427,800 | $6,607 |
| 2021 | $333,240 | $6,003 |
| 2020 | $317,370 | $6,009 |
| 2019 | $293,860 | $5,639 |
History based on county public records data.
Nearby schools
3
University Park Elementary School
Public District PK-6
1.7 mi
•500 W University Blvd
10
Indialantic Elementary School
Public District KG-6
2.5 mi
•1050 N Palm Ave
6
Harbor City Elementary School
Public District PK-6
3.4 mi
•1377 Sarno Rd
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 $23,704. The majority of Melbourne, FL residents have income less than $<35k annually. The most common type of family is single, no kids. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
70%
<35k
22%
35k-100k
8%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
84%
Single, No Kids
4%
Single, with Kids
10%
Married, No Kids
2%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
4%
<11 yrs old
2%
12-17 yrs old
13%
18-34 yrs old
36%
35-64 yrs old
45%
65+ yrs old
What do the neighbors do for fun?
PGA/LPGA
Figure Skating
UFC
Where do the neighbors shop?
Chico's
Family Dollar
Stein Mart
Where do the neighbors go to eat?
Cracker Barrel
Bob Evans
Burger King
What do the neighbors drive?
Buick
Oldsmobile
Cadillac
What do the neighbors listen to?
Soft Adult Contemporary
News
Urban Contemporary
All data provided by Home Junction and Claritas
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This home is located at 704 E Lincoln Ave in Melbourne, FL and zip code 32901. This 2,619 square foot home, which was built in 1926, sits on a 0.20 acre lot. Features: 0 bedroom, 0 bathroom. It has been listed on Rocket Homes since September 19, 2024 and is currently priced at $784,500.
Melbourne, FL housing market in January 2025 saw over 15 listings sold above listed price, more than 42 sold at listed price and over 120 sold below. In January 2025 in Melbourne, FL there were 9.3% more homes for sale than in December. In January 2025, listings were on the market for 59 days. During the same period, the median list price in this real estate market was $416,799.
From Rocket Homes Real Estate and based on county public records data.