About This Home

This land at 3318 Pelham Street in Melbourne, FL is listed for $50,000 (0.38 acres).

Key Features

  • 0.38 acre lot
Listing Description

ATTENTION BUILDERS, DEVELOPERS & INVESTORS! Opportunity meets flexibility with this 0.38-acre multi-family property consisting of two platted lots currently combined as one parcel. Develop as-is for multi-family use, build a duplex, or explore separating the lots for single-family homes.

Even better, the property has already been approved for an affordable-housing triplex, giving you a valuable head start on development. Conveniently located near Downtown Melbourne, shopping, schools, employment centers, Melbourne Orlando International Airport and major roadways.

Whether your goal is to build and hold, generate rental income, develop and sell, or contribute to the continued revitalization of the community, this property offers multiple possibilities. Bring your vision and build for the future! Buyer/Buyer's Agent to verify zoning, permitted uses, utilities, environmental conditions and all development requirements.

Location

3318 Pelham Street

Melbourne, FL 32901

F C Powells Subd

Questions & Answers

This 0-bedroom, 0-bathroom land at 3318 Pelham Street is listed at $50,000. The estimated monthly payment is $268 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: 0.38 acre lot.

This property is listed by Tiffany Milton.

TM

Tiffany Milton

Agent at EXP REALTY LLC

Listed by EXP REALTY LLC · Broker phone: (888) 883-8509 · View on Broker Site

MLS# 1089217· Source: Space Coast Association of Realtors· 26 days on PropertySimple

Copyright © 2026 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.

3318 Pelham Street, Melbourne, FL 32901

Open this listing in: