1. Home
  2. Florida
  3. (private lake, pond, coastal)

Exceptional opportunity to own a rare 8-unit riverfront $1,900,000

2179 Pineapple Avenue, Melbourne, FL 32935

0 br, 1.0 ba, 1958 4185 sf
Brevard County
Ad #: 7231617

Commercial For Sale

Exceptional opportunity to own a rare 8-unit riverfront multifamily in the historic Eau Gallie Arts District. Located at 2179 Pineapple Ave, this income-producing property sits directly on the Indian River, offering long-term value, steady cash flow, and lifestyle appeal. The asset features a mix of long-term tenants and short-term rentals, allowing flexibility to optimize income while diversifying risk. All roofs have been replaced, and the main house HVAC system has been recently updated, reducing near-term capital expenditure concerns. Waterfront units and STR components benefit from strong rental demand driven by river views, sunsets, and proximity to downtown Eau Gallie, galleries, dining, and events. Ideal for investors seeking a stabilized asset with upside through rent optimization, STR expansion, or future appreciation in one of the Space Coast's most walkable and culturally vibrant corridors. A rare combination of location, condition, and income potential on the Indian River

Property Details

  • Beds: 0
  • Baths: 1.0
  • Sq Feet: 4185
  • Year Built: 1958
  • Location: (private lake, pond, coastal)
  • Acres: 0.500
  • Waterfront: Yes
  • County: Brevard County
  • Community: Eau Gallie Village Plat of
  • Heat/AC: Central, Electric (Heating)
  • Garage: Assigned
  • Siding: Block, Frame, Vinyl Siding
  • Roof: Shingle
  • Stories: 1
  • Property Taxes: $16,970
  • MLS #: 1068578

Location

Click on map to activate
(Open in Google Maps)   (Bing Map)  (Mapquest Map)

Contact Information:

Contact Agent
Listing Agent: Jason Engle, Real Broker LLC, 321-501-1335, 855-450-0442 Listing Site, Listing Status: Active
Copyright © 2025 Space Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Ad Statistics:

Lake Commercial For Sale in Melbourne, Florida
Ad Number : 7231617
Viewed: 7 times
Added: Feb 05, 2026
Updated on: Feb 05, 2026
All information provided is deemed reliable but is not guaranteed and should be independently verified.