1838 Pineapple Ave
Melbourne, FL 32935
- Studio
- 5,924 sqft
Studio
5,924 sqft
Local Information
© Google
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Description
Discover an incredible investment opportunity with this 8-unit property! Nestled in the heart of the historic Eau Gallie Arts District, this gem of a building once known as The Libbyan in the 1920s is now ready to be a lucrative addition to your real estate portfolio. Recent renovations, including Electric in 2022, Sewer Lateral Line in 2021, and Roof in 2014, provide peace of mind for a savvy investor seeking a well-maintained property. Spanning across 5,956 SF, this investment property offers a mix of One Bedroom and Studio Units, appealing to a wide range of potential tenants. With Gross Rents totaling over $81,000 annually, and rental rates with room to grow this property offers a solid investment with increased potential.
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources. This description is from April 21, 2025
Home Highlights
Parking
8 Parking Spaces
Outdoor
No Info
View
No Info
HOA
None
Price/Sqft
No Info
Listed
180+ days ago
Home Details for 1838 Pineapple Ave
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Dimensions and Layout Living Area: 5924 Square Feet |
Appliances & Utilities Utilities: Sewer Connected, Water Available, Propane, Separate Electric MetersAppliances: Gas Range, RefrigeratorRefrigerator |
Heating & Cooling Has CoolingAir Conditioning: Central Air,Wall/Window Unit(s)No Heating |
Fireplace & Spa No Fireplace |
Windows, Doors, Floors & Walls Flooring: Tile, Wood |
Levels, Entrance, & Accessibility Levels: TwoFloors: Tile, Wood |
View No View |
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Exterior Home Features Roof: MembraneNo Private Pool |
Parking & Garage No CarportNo GarageNo Attached GarageParking Spaces: 8Parking: Assigned |
Pool Pool: None |
Frontage Not on Waterfront |
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Year Built Year Built: 1925 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
Building Construction Materials: Frame, Stucco, Wood SidingHas Additional Parcels |
Property Information Parcel Number: 2737162500008.00014.00Additional Parcels Description: 2717082 |
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Price List Price: $985,000 |
Status Change & Dates Off Market Date: Fri Jul 28 2023 |
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MLS Status: Closed |
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Direction & Address City: Melbourne |
School Information Elementary School: CreelJr High / Middle School: JohnsonHigh School: Eau Gallie |
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Building Area Building Area: 5956 Square Feet |
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No HOA |
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Lot Area: 8712 sqft |
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Special Conditions: Standard |
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Listing Terms: Cash, Conventional |
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Owner Pays: Electricity, Gas, Grounds Care, Insurance, Management, Pest Control, Sewer, Taxes, Trash Collection, Water |
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Mls Number: 970834Showing Requirements: Appointment Only, Call Listing Office |
Last check for updates: about 9 hours ago
Listed by Shey Anderson, (321) 749-8921
JM Real Estate
Bought with: David Curri, (321) 300-5409, David Curri Real Estate Group
Source: Space Coast AOR, MLS#970834
Price History for 1838 Pineapple Ave
| Date | Price | Event | Source |
|---|---|---|---|
| 10/19/2024 | $1,200 | ListingRemoved | Zillow Rentals |
| 10/07/2024 | $1,200 | Listed For Rent | Zillow Rentals |
| 08/19/2023 | $900,000 | Sold | Space Coast AOR #970834 |
| 07/28/2023 | $985,000 | Contingent | Space Coast AOR #970834 |
| 07/25/2023 | $985,000 | Listed For Sale | Space Coast AOR #970834 |
| 12/04/2020 | $435,000 | Sold | Space Coast AOR #888676 |
| 10/26/2020 | $495,000 | Listed For Sale | Agent Provided |
| 04/12/2018 | $360,000 | Sold | Space Coast AOR #806096 |
| 12/30/2005 | $280,000 | Sold | N/A |
| 08/25/2003 | $280,000 | Sold | N/A |
| 11/09/2001 | $192,500 | Sold | N/A |
Property Tax and Assessment
| Year | 2024 |
|---|---|
| Tax | $13,913 |
| Assessment | $777,600 |
Home facts updated by county records
Comparable Sales for 1838 Pineapple Ave
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.01 | Multi-Family Home | $1,400,000 | 09/09/25 | 6 | - | 8,324 | |
1.05 | Multi-Family Home | $388,000 | 01/02/26 | 4 | 2 | 1,728 | |
1.43 | Multi-Family Home | $1,000,000 | 11/21/25 | 15 | 8 | 1,456 | |
1.53 | Multi-Family Home | $625,000 | 06/27/25 | 8 | 4 | 3,400 | |
1.79 | Multi-Family Home | $1,250,000 | 12/17/25 | 18 | 9 | 5,916 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 1838 Pineapple Ave.
What Locals Say about Melbourne
At least 922 Trulia users voted on each feature.
88 % Say car is needed
88 % Say it's dog friendly
83 % Say parking is easy
74 % Say yards are well-kept
74 % Say there are sidewalks
72 % Say there's holiday spirit
69 % Say it's quiet
65 % Say people would walk alone at night
61 % Say kids play outside
58 % Say streets are well-lit
53 % Say neighbors are friendly
50 % Say there's wildlife
49 % Say they plan to stay for at least 5 years
43 % Say it's walkable to grocery stores
40 % Say it's walkable to restaurants
27 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
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Homes for sale near 1838 Pineapple Ave
Off Market Homes Near 1838 Pineapple Ave
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
Homes for rent near 1838 Pineapple Ave
1838 Pineapple Ave, Melbourne, FL 32935 is a studio, 5,924 sqft multi-family built in 1925. This property is not currently available for sale. 1838 Pineapple Ave was last sold on Aug 19, 2023 for $900,000 (9% lower than the asking price of $985,000).

