1620-1622 Peachtree Street, Melbourne, FL 32901

$569,900
Property Type: Residential Income Bedrooms: 5 Baths: 4 Square Footage: 2,118 Lot Size (sq. ft.): 8,712 Status: Active
Current Price: $569,900 List Date: 5/19/2025 Last Modified: 12/16/2025

Overview

Description

NEW Roof before closing! Highly desirable triplex with long term tenants in the heart of Melbourne! This property consists of a 3 bed, 2 bath unit in the front. 1 bed, 1 bath unit in the middle, and a 1 bed, 1 bath unit in the back. Each unit has its own washer and dryer hookup. Two units have new water heaters. Turn key investment with plenty of growth available! The area is growing with already existing and new companies, business, and infrastructure. Plenty of schools, shopping, restaurant and churches in the area. Centrally located with a quick walk to Downtown Melbourne, four minutes to the river & US1, less than ten minutes to the beach, LESS than four minute to the evergrowing Melbourne International Airport & less than 15 minutes to I-95.

Listing Details MLS# 1046554

General Property Information

Number Of Buildings
2
Number Of Units Total
3
Bedrooms Total
5
Bathrooms Total
4
Bathrooms Full
4
Living Area
2118
Living Area Source
Appraiser
New Construction YN
No
Year Built
1959
Garage YN
No
Carport YN
No
Lot Size Acres
0.2
Lot Size Square Feet
8712
Lot Size Dimensions
70 X 125
Association YN
No
CDD Fee YN
No
Water Body Access YN
No
Waterfront YN
No
Furnished
Unfurnished
Stories Total
Yes
Stories
Yes
Entry Level
Yes
Direction Faces
East
Pool Private YN
No
Senior Community YN
No
List Price/SqFt
269.07
Bathrooms Half
0

Property Features

Appliances: Dishwasher; Electric Range; Electric Water Heater; Microwave; Refrigerator Construction Materials: Block; Concrete; Stucco Cooling: Central Air; Electric; Separate Meters; Wall/Window Unit(s) Current Use: Multi-Family Fencing: Wood Flooring: Tile Heating: Central; Electric; Separate Meters Income Includes: Rent Only Laundry Features: Electric Dryer Hookup; In Unit; Washer Hookup Levels: One Listing Terms: Cash Lot Features: Few Trees Owner Pays: Insurance; Taxes Parking Features: Attached; Shared Driveway Possession: Close Of Escrow Road Frontage Type: City Street Road Surface Type: Asphalt Roof: Shingle Sewer: Public Sewer Special Listing Conditions: Standard Tenant Pays: Cable TV; Electricity; Exterior Maintenance; Sewer; Trash Collection; Water Utilities: Cable Available; Electricity Connected; Separate Electric Meters; Separate Water Meters; Sewer Connected; Water Connected Water Source: Public Showing Considerations: Occupied Showing Requirements: Appointment Only; Call Listing Agent; Restricted Hours

Contract Information

Original List Price
599900
Listing Contract Date
2025-05-19
Property Sub Type
Triplex

Location Tax and Legal

Street Number
1620-1622
Street Name
Peachtree
Street Suffix
Street
County
Brevard
State
FL
Postal Code
32901
MLS Area Major
330 - Melbourne - Central
Subdivision Name
Magnolia Heights

Remarks and Miscellaneous

Public Remarks
NEW Roof before closing! Highly desirable triplex with long term tenants in the heart of Melbourne! This property consists of a 3 bed, 2 bath unit in the front. 1 bed, 1 bath unit in the middle, and a 1 bed, 1 bath unit in the back. Each unit has its own washer and dryer hookup. Two units have new water heaters. Turn key investment with plenty of growth available! The area is growing with already existing and new companies, business, and infrastructure. Plenty of schools, shopping, restaurant and churches in the area. Centrally located with a quick walk to Downtown Melbourne, four minutes to the river & US1, less than ten minutes to the beach, LESS than four minute to the evergrowing Melbourne International Airport & less than 15 minutes to I-95.

Status Change Information

Major Change Timestamp
2025-07-16T15:35:40Z
Major Change Type
Price Reduced
Price Change Timestamp
2025-07-16T15:35:40Z
Status Change Timestamp
2025-05-19

More Information

DPR Eligible

DPR Eligible
Yes

Unit 1 Details

Unit ID
Yes
Actual Rent
1500
Unit SqFt
1494
Full Baths Total
2
Furnished
Unfurnished
Unit Remarks
Front Unit

Unit 2 Details

Unit ID
2
Actual Rent
700
Unit SqFt
386
Full Baths Total
Yes
Furnished
Unfurnished
Unit Remarks
Middle Unit

Unit 3 Details

Unit ID
3
Actual Rent
700
Unit SqFt
336
Full Baths Total
Yes
Furnished
Unfurnished
Unit Remarks
Back Unit

Location, Tax, and Legal

Tax Account
2818394
Parcel Number
28-37-04-01-0000i.0-0014.00
General County Location
South
Elementary School
University Park
Middle School
Stone
High School
Melbourne
Tax Annual Amount
3608.31
Tax Year
2024
Tax Legal Description
MAGNOLIA HEIGHTS S 10 FT OF LOT 14 & ALL LOT 15 BLK I
Directions
From US1 head west on US 192, make a right on to Babcock St, left on to Fee ave, right on to Peachtree st and the triplex is on your left.

Appliances

Dishwasher
Yes
Electric Range
Yes
Electric Water Heater
Yes
Microwave
Yes
Refrigerator
Yes

Construction Materials

Block
Yes
Concrete
Yes
Stucco
Yes

Cooling

Central Air
Yes
Electric
Yes
Separate Meters
Yes
Wall/Window Unit(s)
Yes

Current Use

Multi-Family
Yes

Fencing

Wood
Yes

Flooring

Tile
Yes

Heating

Central
Yes
Electric
Yes
Separate Meters
Yes

Laundry Features

Electric Dryer Hookup
Yes
In Unit
Yes
Washer Hookup
Yes

Levels

One
Yes

Listing Terms

Cash
Yes

Lot Features

Few Trees
Yes

Parking Features

Attached
Yes
Shared Driveway
Yes

Possession

Close Of Escrow
Yes

Income Includes

Rent Only
Yes

Owner Pays

Insurance
Yes
Taxes
Yes

Road Frontage Type

City Street
Yes

Road Surface Type

Asphalt
Yes

Roof

Shingle
Yes

Sewer

Public Sewer
Yes

Special Listing Conditions

Standard
Yes

Tenant Pays

Cable TV
Yes
Electricity
Yes
Exterior Maintenance
Yes
Sewer
Yes
Trash Collection
Yes
Water
Yes

Utilities

Cable Available
Yes
Electricity Connected
Yes
Separate Electric Meters
Yes
Separate Water Meters
Yes
Sewer Connected
Yes
Water Connected
Yes

Water Source

Public
Yes

Showing Requirements

Appointment Only
Yes
Call Listing Agent
Yes
Restricted Hours
Yes

Showing Considerations

Occupied
Yes
Listing Office: Blue Marlin Real Estate
Last Updated: December - 16 - 2025
Information is deemed to be reliable, but is not guaranteed.

Compare listings

Compare