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
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.
More Information MLS# 1046554
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.
General Property Information
Number Of Buildings: 2
Number Of Units Total: 3
Stories Total: 1
Bathrooms Half: 0
Living Area: 2118
Living Area Source: Appraiser
Lot Size Acres: 0.2
Lot Size Dimensions: 70 X 125
Lot Size Square Feet: 8712
Association YN: No
New Construction YN: No
Garage YN: No
Carport YN: No
Waterfront YN: No
Senior Community YN: No
CDD Fee YN: No
Water Body Access YN: No
Furnished: Unfurnished
Stories: 1
Entry Level: 1
Direction Faces: East
Pool Private YN: No
List Price/SqFt: 269.07
Bedrooms Total: 5
Bathrooms Total: 4
Bathrooms Full: 4
Year Built: 1959
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.
Appliances
Dishwasher: 1
Electric Range: 1
Electric Water Heater: 1
Microwave: 1
Refrigerator: 1
Construction Materials
Block: 1
Concrete: 1
Stucco: 1
Cooling
Central Air: 1
Electric: 1
Separate Meters: 1
Wall/Window Unit(s): 1
Current Use
Multi-Family: 1
DPR Eligible
DPR Eligible: Yes
Fencing
Wood: 1
Flooring
Tile: 1
Heating
Central: 1
Electric: 1
Separate Meters: 1
Laundry Features
Electric Dryer Hookup: 1
In Unit: 1
Washer Hookup: 1
Levels
One: 1
Listing Terms
Cash: 1
Lot Features
Few Trees: 1
Parking Features
Attached: 1
Shared Driveway: 1
Possession
Close Of Escrow: 1
Income Includes
Rent Only: 1
Owner Pays
Insurance: 1
Taxes: 1
Road Frontage Type
City Street: 1
Road Surface Type
Asphalt: 1
Roof
Shingle: 1
Sewer
Public Sewer: 1
Special Listing Conditions
Standard: 1
Tenant Pays
Cable TV: 1
Electricity: 1
Exterior Maintenance: 1
Sewer: 1
Trash Collection: 1
Water: 1
Unit 1 Details
Unit ID: 1
Actual Rent: 1500
Unit SqFt: 1494
Beds Total: 3
Full Baths Total: 2
Furnished: Unfurnished
Unit Remarks: Front Unit
Unit 2 Details
Unit ID: 2
Actual Rent: 700
Unit SqFt: 386
Beds Total: 1
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Middle Unit
Unit 3 Details
Unit ID: 3
Actual Rent: 700
Unit SqFt: 336
Beds Total: 1
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Back Unit
Utilities
Cable Available: 1
Electricity Connected: 1
Separate Electric Meters: 1
Separate Water Meters: 1
Sewer Connected: 1
Water Connected: 1
Water Source
Public: 1
Showing Requirements
Appointment Only: 1
Call Listing Agent: 1
Restricted Hours: 1
Showing Considerations
Occupied: 1
Contract Information
Current Price: $569,900
Original List Price: 599900
List Price: $569,900
Status: Active
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
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
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
Listing Office:
Blue Marlin Real Estate
Last Updated: December - 16 - 2025
Information is deemed to be reliable, but is not guaranteed.