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139 2nd Ave 3 Unit Apartment Building Offered For Sale Indialantic, FL 32903
Investment Highlights
- Fully occupied beachside triplex on an oversized 0.34-acre corner lot just one block from the ocean in Indialantic.
- Prime coastal location near the beach, dining, and daily conveniences.
- Strong opportunity for investors, builders, or long-term hold buyers.
- Approximately 3,579 SF under air with a total of 7 bedrooms and 5 bathrooms across 3 units.
- R-2 zoning with potential redevelopment opportunity; seller states the city may allow two townhomes with separate entrances from different streets
Executive Summary
Fully Occupied Beachside Triplex | 1 Block to Atlantic | Value-Add & Redevelopment Potential | Indialantic, FL
A rare coastal multi-family offering in the heart of Indialantic — just one block from the Atlantic Ocean. This fully occupied triplex presents investors with immediate cash flow, a high-barrier coastal location, and multiple exit strategies ranging from long-term hold to strategic repositioning or redevelopment.
The Asset
3,579 SF under air | 7 BD / 5 BA across 3 units | 0.34-acre oversized corner lot | All units currently occupied
The Opportunity
Coastal multi-family inventory at this price point and ocean proximity is exceptionally scarce. The oversized corner lot creates optionality beyond the existing structure — potential redevelopment plays subject to buyer verification of local zoning requirements.
Investment Highlights
Fully occupied at acquisition — no lease-up risk
Irreplaceable beachside location, one block from the ocean
Oversized 0.34-acre corner lot with future development optionality
Value-add upside through renovation and rental repositioning
Brevard County coastal market with strong rental demand fundamentals
Photo Disclaimer
Some images shown are artistic renderings or virtual renovations for illustrative purposes only and do not represent the current condition of the property. Buyers are encouraged to conduct their own due diligence.
Sold As-Is. Proof of funds required. Serious and qualified inquiries only.
A rare coastal multi-family offering in the heart of Indialantic — just one block from the Atlantic Ocean. This fully occupied triplex presents investors with immediate cash flow, a high-barrier coastal location, and multiple exit strategies ranging from long-term hold to strategic repositioning or redevelopment.
The Asset
3,579 SF under air | 7 BD / 5 BA across 3 units | 0.34-acre oversized corner lot | All units currently occupied
The Opportunity
Coastal multi-family inventory at this price point and ocean proximity is exceptionally scarce. The oversized corner lot creates optionality beyond the existing structure — potential redevelopment plays subject to buyer verification of local zoning requirements.
Investment Highlights
Fully occupied at acquisition — no lease-up risk
Irreplaceable beachside location, one block from the ocean
Oversized 0.34-acre corner lot with future development optionality
Value-add upside through renovation and rental repositioning
Brevard County coastal market with strong rental demand fundamentals
Photo Disclaimer
Some images shown are artistic renderings or virtual renovations for illustrative purposes only and do not represent the current condition of the property. Buyers are encouraged to conduct their own due diligence.
Sold As-Is. Proof of funds required. Serious and qualified inquiries only.
Property Facts
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Storage Space
- Tile Floors
- Kitchen
- Wi-Fi
- Family Room
- Large Bedrooms
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | - | 1,272 |
| 2+2 | 5 | - | 832 - 1,000 |
1 1
Property Taxes
| Parcel Number | 27-38-31-EO-00065.0-0001.00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $639,600 |
Property Taxes
Parcel Number
27-38-31-EO-00065.0-0001.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$639,600
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139 2nd Ave
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