LIZ NUNES 561.351.4529 | CHIP ARMSTRONG 561.371.3787
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, redu...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 Coasts most walkable and culturally vibrant corridors. A rare combination of location, condition, and income potential on the Indian River
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Agency Name: Real Broker LLC
Agency Phone: 855-450-0442
Agent Name: Jason Engle
Presented by
Agent Name: The Legacy Group
Agent Phone: 561.282.5207
Agency Title: The Keyes Company
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2179 Pineapple Avenue , Melbourne, FL 32935.
Email 2179 Pineapple Avenue , Melbourne, FL 32935
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