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About This Home
This 4-bedroom, 4-bathroom residential multi family at 658 Young Street in Melbourne, FL is listed for $625,000 ($199 per sqft). Built in 1926, the home offers 3,144 sqft of living space on a 0.11 acres lot.
Outstanding investment opportunity in the Eau Gallie Arts District! This restored historic multifamily is an ideal portfolio addition for the astute buyer. All four units are 1BR/1BA with spacious living and dining areas, full kitchens, and a bonus room perfect for an office or creative space.
Each unit includes two ductless wall-mounted mini-split systems, and two units feature stackable washer/dryers. Just steps from the Eau Gallie Marina and walking distance to shops, restaurants, and nightlife, with quick access to US-1 and the beach. Upgrades include new plumbing, some new electrical, tankless water heaters, impact windows in most areas, 2022 roof, and remodeled interiors that preserve historic charm.
With high rental demand in this district, this turnkey property offers strong income potential and long-term appreciation.
Key Features
- Built in 1926
- 0.11 acre lot
- 2 stories
- 8 parking spaces
- Fireplace
Property Details
Amenities
Monthly Cost Estimate
$3,343/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
658 Young Street
Melbourne, FL 32935
Snells S/D of Lot 25 Houstons Add To Eau Gallie
Features & Amenities
Exterior Features
Property Details
Flooring
Construction
Parking
Heating
Cooling
Appliances
Questions & Answers
This 4-bedroom, 4-bathroom residential multi family at 658 Young Street is listed at $625,000 ($199/sqft). The estimated monthly payment is $2,708 based on 20% down at 6.5% interest.
Key features include: Built in 1926, 0.11 acre lot, 2 stories, 8 parking spaces, Fireplace. Exterior Features: Balcony.
This property is listed by Donna A Gianotti-Kelley and can be reached at 3218066362 or dg.kelley@yahoo.com.
