$10,000
closing credit¹
89 NW Irwin Ave Melbourne, FL 32904
Property details
About 89 NW Irwin Ave
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) Currently generating $15,350 in monthly rental income, with the opportunity to increase to $17,000 monthly as 9 of the 11 tenants are on month-to-month leases. With rents optimized, this property could yield an impressive $204,000 in annual income. This property is not just a solid investment but a strategic opportunity to add value to your portfolio in a high-demand market. Don't miss out! Properties like this, with location, potential, and value, don't stay available for long.
Highlights
Virtual tour
Summary
- MLS Number: 1028572
- MLS Name: Space Coast MLS (Space Coast Association of REALTORS®)
- Office Name: Florida Homes Rlty. & Mtg. LLC
- Office Phone: (904) 996-9115
- Office Email: locateoffice2@comcast.net
- Listing Agent: Guy Newman
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: 2/10/2025, 5:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,799,000
89 NW Irwin Ave
$10,000
closing credit¹
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0.5% sale price²
Price information
Property sales
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Tax history
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Nearby schools
3
University Park Elementary School
Public District PK-6
1.3 mi
•500 W University Blvd
10
W. Melbourne Elementary School for Science
Public District PK-6
1.8 mi
•2255 Meadowlane Ave
8
Educational Horizons Charter
Public Charter KG-6
1.9 mi
•1281 S Wickham 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 $35,682. Typical income of Melbourne, FL residents is less than $<35k annually. The majority of families are single, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Pro Boxing
Figure Skating
Soccer
Where do the neighbors shop?
Burlington
Chico's
Family Dollar
Where do the neighbors go to eat?
Popeyes
Bob Evans
White Castle
What do the neighbors drive?
Dodge
Oldsmobile
Chevrolet
What do the neighbors listen to?
Urban Contemporary
News
Rock
This home is located at 89 NW Irwin Ave in Melbourne, FL and zip code 32904 in the Mona Park neighborhood. This 7,728 square foot home, which was built in 1973, sits on a 0.58 acre lot. Features: 8 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since November 2, 2024 and is currently priced at $1,799,000.
Over 15 listings were sold over their listed price in January 2025 in Melbourne, FL. In the same period over 120 listings were sold below the listed price and 42 listings were sold for the listed price. The number of listings in Melbourne, FL increased by 9.3% between December and January 2025. While the average time on the market in January 2025 was 59 days, the median list price was $416,799.