837 Hickory Street, Melbourne, FL 32901

1979

YEAR BUILT

$1,800,000

LISTING PRICE

MultiFamily (5+ Units)

TYPE

MLS#: RX-11135279

Type of Building: Free Standing and Resident. Multi-Fam.


For More Information Call:

561-283-4663

Turnkey 8-Unit Multifamily Investment - Prime Melbourne, FL Location 5% CAPDiscover a high-performing 8-unit multifamily CBS building offering stable income and modern upgrades in a strong Space Coast rental market. Each unit is a 1 bed / 1 bath layout with updated interiors and a consistent rental history. With 5,500 SF of rentable area on 0.36 acre, this property provides an ideal balance of density, parking convenience, and long-term tenant retention. The property features a new metal roof (2020), electrical panels, appliances, HVAC, resurfaced/striped parking lot, and freshly painted.


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  • Acres0.36 acres
  • Available DocumentsNone
  • Available InformationCopies of Lease and Photos
  • Building Info: Miles to Beach4 miles
  • Building Info: Miles to Expressway7 miles
  • Built DescriptionResale
  • CityMelbourne
  • ConstructionCBS and Stucco
  • CoolingCeiling Fan, Central and Electric
  • CountyBrevard
  • DirectionsHead north on I-95, take exit 182 toward Ellis Rd/St Johns Heritage Pkwy, continue onto W Nasa Blvd, Use the 2 left lanes to turn left to stay on W Nasa Blvd, turn left onto Hickory St, Turn right.
  • Expenses: Insurance$15,450
  • Expenses: Maintenance & Repair$2,863
  • Expenses: R.E. Taxes$10,031
  • Expenses: Total Expenses$33,079
  • Expenses: Trash$1,324
  • Expenses: Utilities$3,141
  • Fire ProtectionSmoke Detector
  • FlooringTile
  • For LeaseNo
  • For SaleYes
  • HeatingCentral and Electric
  • LeaseNone
  • Legal DescriptionRIVERSIDE DRIVE PART OF LOT 56 AS DES IN ORB 848 PG 992 EX ORB 866 PG 928, 1007 PG 978 BLK A
  • List Price$1,800,000
  • List Price/SqFt$327.27 / sqft
  • Listing DateSaturday, October 25th, 2025
  • Listing IDRX-11135279
  • Listing Price$1,800,000
  • Listing StatusActive
  • LocationBeach Area, City and Subdivision
  • Number of Stories2
  • Number of Toilets8
  • Percent Air Conditioned100%
  • PossessionAt Closing and Funding
  • Property DescriptionMulti-Family 8 unit
  • Property TypeCommercial
  • Real Estate Taxes$10,031
  • RoofMetal
  • Sale IncludesBuilding and Land
  • SecurityNone
  • SqFt SourceTax Rolls
  • State/ProvinceFL
  • StatusActive
  • Status Change DateSaturday, October 25th, 2025
  • Street NameHickory
  • SubdivisionRiverside Drive
  • Tax Year2024
  • Tenant PaysElectric and Insurance
  • Terms ConsideredCash, Conventional and Exchange
  • Total Building SqFt5,500 sqft
  • Total Units in Building8
  • TypeMultiFamily (5+ Units)
  • Type of BuildingFree Standing and Resident. Multi-Fam.
  • Unit 1: Annual Rent$15,900
  • Unit 1: Full Baths1
  • Unit 1: Rent PeriodMonth
  • Unit 1: Unit Description1 Bedroom
  • Unit 2: Annual Rent$18,000
  • Unit 2: Full Baths1
  • Unit 2: Rent PeriodMonth
  • Unit 2: Unit Description1 Bedroom
  • Unit 3: Annual Rent$16,200
  • Unit 3: Full Baths1
  • Unit 3: Rent PeriodMonth
  • Unit 3: Unit Description1 Bedroom
  • Unit 4: Annual Rent$16,200
  • Unit 4: Full Baths1
  • Unit 4: Rent PeriodMonth
  • Unit 4: Unit Description1 Bedroom
  • Unit 5: Annual Rent$16,500
  • Unit 5: Full Baths1
  • Unit 5: Rent PeriodMonth
  • Unit 5: Unit Description1 Bedroom
  • Unit 6: Annual Rent$16,200
  • Unit 6: Full Baths1
  • Unit 6: Rent PeriodMonth
  • Unit 6: Unit Description1 Bedroom
  • Unit 7: Annual Rent$15,300
  • Unit 7: Full Baths1
  • Unit 7: Rent PeriodMonth
  • Unit 7: Unit Description1 Bedroom
  • Unit 8: Annual Rent$16,200
  • Unit 8: Full Baths1
  • Unit 8: Rent PeriodMonth
  • Unit 8: Unit Description1 Bedroom
  • UtilitiesCable, Electric, Public Sewer and Public Water
  • Virtual TourYes
  • WaterfrontNo
  • Year Built1979
  • Zip Code32901
  • ZoningMultifamily

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