2179 Pineapple Avenue, Melbourne, FL 32935

Property Details:

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

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• Acreage0.50
• Area323 - Eau Gallie
• Baths - Full10
• Baths - Total10
• Bedrooms10
• CityMelbourne
• Community FeesNo
• ConstructionBlock, Frame and Vinyl Siding
• CoolingElectric, Multi Units and Wall/Window Unit(s)
• CountyBrevard
• DirectionsNorth on Pineapple from Eau Gallie, 1 mile on the right
• FurnishedFurnished
• General County LocationSouth
• HeatCentral and Electric
• List Price/SqFt$454 / sqft
• Listing ID1069215
• Listing StatusActive
• Lot DescriptionOther
• Lot SqFt21,780 sqft
• ParkingAssigned
• PoolNo
• PossessionClose Of Escrow
• Private PoolNo
• Property TypeResidential
• Residential Sub-TypeSingle Family Residence
• RoofShingle
• ShowingAppointment Only,Call Listing Agent,No Sign,Restricted Hours
• Sold Terms CodeConventional,Owner May Carry,Private Financing Available
• SqFt - Living4,185 sqft
• State/ProvinceFL
• StatusActive
• Status Change DateThursday, February 12th, 2026
• Street NamePineapple
• Street Number2179
• Street SuffixAvenue
• SubdivisionEau Gallie Village Plat Of
• Tax Year2025
• Taxes$16,970
• To Be ConstructedNo
• Total Garage Spaces2
• UtilitiesCable Available, Electricity Connected, Sewer Connected and Water Connected
• WaterfrontYes
• Waterfront TypeIntracoastal
• Year Built1958
• Zip Code32935