326 Pierce Avenue, Cape Canaveral, FL 32920

$850,000
Property Type: Residential Income Bedrooms: 5 Baths: 5 Square Footage: 2,856 Lot Size (sq. ft.): 9,583 Status: Closed
Current Price: $850,000 List Date: 5/16/2025 Last Modified: 10/09/2025

Overview

Description

Just one block from the Atlantic Ocean in sunny Cape Canaveral, this income-producing triplex combines the perfect blend of location, flexibility, and strong revenue potential. It features two spacious 2-bed/2-bath units (1,050 sq ft each) and one 1/1 unit (756 sq ft), each with private backyards, stylish finishes, and newer ACs. All units are separately metered and share a welcoming front yard. The large lot includes eight rare on-site parking spaces. Currently, the owner occupies the 1/1 unit while successfully operating the two 2/2 units as short-term vacation rentals through Airbnb, generating $66,000 in gross revenue over the last 12 months. This property has the potential to significantly increase returns, whether used for short-term, mid or long-term rental strategies. Beyond the numbers, the location is a major value driver: just steps to the beach, minutes to Cocoa Beach Pier, Port Canaveral, cruise terminals, dining, shopping, and entertainment. VA assumable loan at 2.375%.

Listing Details MLS# 1046371

General Property Information

Number Of Buildings
Yes
Number Of Units Total
3
Bedrooms Total
5
Bathrooms Total
5
Bathrooms Full
5
Living Area
2856
Living Area Source
Public Records
New Construction YN
No
Year Built
1984
Garage YN
No
Carport YN
No
Open Parking Spaces
8
Lot Size Acres
0.22
Lot Size Square Feet
9583
Association YN
No
CDD Fee YN
No
Water Body Access YN
No
Waterfront YN
No
Furnished
Furnished
Stories Total
Yes
Stories
Yes
Direction Faces
South
Pool Private YN
No
Senior Community YN
No
List Price/SqFt
297.27
Sold Price/SqFt
297.62
Bathrooms Half
0

Property Features

Appliances: Dryer; Microwave; Washer Construction Materials: Stucco Cooling: Central Air; Electric Current Use: Multi-Family Exterior Features: Other Fencing: Vinyl Flooring: Laminate; Tile Heating: Central Laundry Features: In Unit Levels: One Listing Terms: Cash; Conventional; FHA; VA Loan Lot Features: Few Trees Other Structures: Gazebo Parking Features: Other Possession: Close Of Escrow Road Surface Type: Asphalt; Paved Roof: Shingle Sewer: Public Sewer Special Listing Conditions: Standard Utilities: Cable Available; Electricity Connected; Sewer Connected; Water Available View: Other Water Source: Public Showing Requirements: Appointment Only; Showing Service

Contract Information

Original List Price
925000
Listing Contract Date
2025-05-16
Property Sub Type
Triplex

Location Tax and Legal

Street Number
326
Street Name
Pierce
Street Suffix
Avenue
County
Brevard
State
FL
Postal Code
32920
MLS Area Major
271 - Cape Canaveral
Subdivision Name
Avon By The Sea

Remarks and Miscellaneous

Public Remarks
Just one block from the Atlantic Ocean in sunny Cape Canaveral, this income-producing triplex combines the perfect blend of location, flexibility, and strong revenue potential. It features two spacious 2-bed/2-bath units (1,050 sq ft each) and one 1/1 unit (756 sq ft), each with private backyards, stylish finishes, and newer ACs. All units are separately metered and share a welcoming front yard. The large lot includes eight rare on-site parking spaces. Currently, the owner occupies the 1/1 unit while successfully operating the two 2/2 units as short-term vacation rentals through Airbnb, generating $66,000 in gross revenue over the last 12 months. This property has the potential to significantly increase returns, whether used for short-term, mid or long-term rental strategies. Beyond the numbers, the location is a major value driver: just steps to the beach, minutes to Cocoa Beach Pier, Port Canaveral, cruise terminals, dining, shopping, and entertainment. VA assumable loan at 2.375%.

Status Change Information

Major Change Timestamp
2025-10-09T19:55:38Z
Major Change Type
Status Change
Price Change Timestamp
2025-08-18T19:10:35Z
Status Change Timestamp
2025-10-09
Purchase Contract Date
2025-10-09
Close Date
2025-10-09
Close Price
850000

More Information

DPR Eligible

DPR Eligible
Yes

Unit 1 Details

Unit ID
326
Actual Rent
2700
Unit SqFt
1050
Full Baths Total
2
Furnished
Negotiable
Unit Remarks
Vacant

Unit 2 Details

Unit ID
328
Actual Rent
2700
Unit SqFt
1050
Full Baths Total
2
Furnished
Negotiable
Unit Remarks
Vacant

Unit 3 Details

Unit ID
330
Actual Rent
1800
Unit SqFt
756
Full Baths Total
Yes
Furnished
Negotiable
Unit Remarks
Owner Occupied

Location, Tax, and Legal

Tax Account
2434576
Parcel Number
24-37-23-Cg-00058.0-0016.00
General County Location
Central
Elementary School
Cape View
Middle School
Cocoa Beach
High School
Cocoa Beach
Tax Annual Amount
5491
Tax Year
2024
Tax Legal Description
AVON BY THE SEA LOT 16 & 25 FT OF VAC ST ON E, BLK 58
Directions
Head east on W Cocoa Beach Causeway toward N Atlantic Ave, Turn left at the 1st cross street onto N Atlantic Ave, Turn right onto Pierce Ave, Turn left, Destination will be on the left

Appliances

Dryer
Yes
Microwave
Yes
Washer
Yes

Construction Materials

Stucco
Yes

Cooling

Central Air
Yes
Electric
Yes

Current Use

Multi-Family
Yes

Exterior Features

Other
Yes

Fencing

Vinyl
Yes

Flooring

Laminate
Yes
Tile
Yes

Heating

Central
Yes

Laundry Features

In Unit
Yes

Levels

One
Yes

Listing Terms

Cash
Yes
Conventional
Yes
FHA
Yes
VA Loan
Yes

Lot Features

Few Trees
Yes

Other Structures

Gazebo
Yes

Parking Features

Other
Yes

Possession

Close Of Escrow
Yes

Road Surface Type

Asphalt
Yes
Paved
Yes

Roof

Shingle
Yes

Sewer

Public Sewer
Yes

Special Listing Conditions

Standard
Yes

Utilities

Cable Available
Yes
Electricity Connected
Yes
Sewer Connected
Yes
Water Available
Yes

View

Other
Yes

Water Source

Public
Yes

Showing Requirements

Appointment Only
Yes
Showing Service
Yes
Listing Office: Redfin Corp.
Last Updated: October - 09 - 2025
Information is deemed to be reliable, but is not guaranteed.

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