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1620 Peachtree St
Melbourne, FL 32901
Peachtree Triplex · Multifamily Property For Sale · 6 Units

Investment Highlights

  • Centrally located
  • 10 Minutes to the Beach
  • 3 Units across 2 buildings
  • 4 Minutes to the river
  • Walking Distance to Downtown Melbourne

Executive Summary

New roof before closing! Highly desirable triplex with long term tenants in the heart of Melbourne! This property consists of a 3 bed, 2 bath unit in the front. 1 bed, 1 bath unit in the middle, and a 1 bed, 1 bath unit in the back. Each unit has its own washer and dryer hookup. Turn key investment with plenty of growth available! The area is growing with already existing and new companies, business, and infrastructure. Plenty of schools, shopping, restaurant and churches in the area. Centrally located with a quick walk to Downtown Melbourne, four minutes to the river & US1, less than ten minutes to the beach, LESS than four minute to the evergrowing Melbourne International Airport & less than 15 minutes to I-95.

Property Facts

Price Per Unit $96,650
Sale Type Investment
No. Units 6
Property Type Multifamily
Apartment Style Low-Rise
Building Class C
Lot Size 0.20 AC
Building Size 2,216 SF
Average Occupancy 100%
No. Stories 1
Year Built/Renovated 1959/2016
Opportunity Zone Yes
Zoning R3 - Residential

Amenities

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Microwave
  • Heating
  • Ceiling Fans
  • Tile Floors
  • Kitchen
  • Refrigerator
  • Range
  • Tub/Shower
  • Dining Room
  • Freezer
  • Patio

Site Amenities

  • 24 Hour Access
  • Tenant Controlled HVAC
  • Pet Play Area
  • Private Bathroom
  • Walk-Up
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+2 1 - -
1+1 5 - 336 - 386

Property Taxes

Property Taxes

Parcel Number
28-37-04-01-0000I.0-0014.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$212,800
  • Listing ID: 35914905

  • Date on Market: 5/19/2025

  • Last Updated:

  • Address: 1620 Peachtree St, Melbourne, FL 32901

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