658 Young Street, Melbourne, FL 32935 (MLS# 1076310)

(321) 951-0322

(800) 545-5687

738 Malabar Road SE

Palm Bay, FL 32907

Mon-Fri 9:00 am to 5:45 pm

Saturday 10:00 am - 2:00 pm

658 Young Street, Melbourne, FL 32935

$625,000

Virtual Tour

https://www.virtualtourcafe.com/mls/10005572

Property Type: Residential Income Bedrooms: 4 Baths: 4 Square Footage: 3,144 Lot Size (sq. ft.): 4,792 Status: Active

Current Price: $625,000 List Date: 5/02/2026 Last Modified: 6/21/2026

Overview

Description

Outstanding investment opportunity in the Eau Gallie Arts District! This restored historic multifamily is an ideal portfolio addition for the astute buyer. All four units are 1BR/1BA with spacious living and dining areas, full kitchens, and a bonus room perfect for an office or creative space. Each unit includes two ductless wall-mounted mini-split systems, and two units feature stackable washer/dryers. Just steps from the Eau Gallie Marina and walking distance to shops, restaurants, and nightlife, with quick access to US-1 and the beach. Upgrades include new plumbing, some new electrical, tankless water heaters, impact windows in most areas, 2022 roof, and remodeled interiors that preserve historic charm. With high rental demand in this district, this turnkey property offers strong income potential and long-term appreciation.

Listing Details MLS# 1076310

General Property Information

Number Of Buildings: Yes
Number Of Units Total: 4
Bedrooms Total: 4
Bathrooms Total: 4
Bathrooms Full: 4
Living Area: 3144
New Construction YN: No
Year Built: 1926
Garage YN: No
Carport YN: No
Open Parking Spaces: 8
Parking Total: 8
Lot Size Acres: 0.11
Lot Size Square Feet: 4792
Association YN: No
Furnished: Unfurnished
Stories Total: 2
Stories: 2
Entry Level: Yes
Direction Faces: South
Pool Private YN: No
Senior Community YN: No
List Price/SqFt: 198.79
Bathrooms Half: 0

Property Features

Appliances: Gas Oven; Gas Range; Gas Water Heater; Microwave; Refrigerator; Tankless Water Heater; Washer/Dryer Stacked; Other Construction Materials: Block; Concrete; Stucco Cooling: Ductless; Multi Units; Split System Current Use: Investment; Multi-Family; Residential Exterior Features: Balcony Financial Data Source: Accountant; Owner Fireplace Features: Other Flooring: Laminate Heating: Individual; Varies by Unit Income Includes: Rent Only Levels: Two Listing Terms: Cash; Conventional; Owner May Carry Lot Features: Historic Area Other Structures: Shed(s) Owner Pays: Common Area Maintenance; Exterior Maintenance; Grounds Care; HVAC Maintenance; Insurance; Management; Pest Control; Repairs; Roof Maintenance; Taxes; Trash Collection; Water Parking Features: Assigned; Guest; Parking Lot; Shared Driveway; Other Possession: Close Of Escrow; Subject To Tenant Rights Roof: Shingle Sewer: Public Sewer Special Listing Conditions: Standard Tenant Pays: Cable TV; Electricity; Gas Utilities: Cable Available; Electricity Connected; Natural Gas Connected; Separate Electric Meters; Separate Gas Meters; Sewer Connected; Water Connected Water Source: Public Showing Considerations: Occupied Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent

Contract Information

Original List Price: 625000
Listing Contract Date: 2026-05-01
Property Sub Type: Quadruplex

Location Tax and Legal

Street Number: 658
Street Name: Young
Street Suffix: Street
County: Brevard
State: FL
Postal Code: 32935
MLS Area Major: 323 - Eau Gallie
Subdivision Name: Snells S/D of Lot 25 Houstons Add To Eau Gallie

Remarks and Miscellaneous

Public Remarks: Outstanding investment opportunity in the Eau Gallie Arts District! This restored historic multifamily is an ideal portfolio addition for the astute buyer. All four units are 1BR/1BA with spacious living and dining areas, full kitchens, and a bonus room perfect for an office or creative space. Each unit includes two ductless wall-mounted mini-split systems, and two units feature stackable washer/dryers. Just steps from the Eau Gallie Marina and walking distance to shops, restaurants, and nightlife, with quick access to US-1 and the beach. Upgrades include new plumbing, some new electrical, tankless water heaters, impact windows in most areas, 2022 roof, and remodeled interiors that preserve historic charm. With high rental demand in this district, this turnkey property offers strong income potential and long-term appreciation.

Status Change Information

Major Change Timestamp: 2026-05-02T19:35:41Z
Major Change Type: New Listing
Status Change Timestamp: 2026-05-02

More Information

Closing Company Details

Closing Company Name: Lack and Lack Chartered-Jonathan D. Lack-jonlack@lacklaw.com

DPR Eligible

DPR Eligible: Yes

Fireplace Features

Fireplaces Total: 4
Other: Yes

Income and Expenses

Gross Income: 52138

Unit 1 Details

Unit ID: Yes
Actual Rent: 1200
Unit SqFt: 786
Full Baths Total: Yes
Furnished: Unfurnished
Unit Remarks: New lease started 06/19/2026. No washer/dryer

Unit 2 Details

Unit ID: 2
Actual Rent: 1250
Unit SqFt: 786
Full Baths Total: Yes
Furnished: Unfurnished
Unit Remarks: New lease 06/01/2026 stackable washer/dryer

Unit 3 Details

Unit ID: 3
Actual Rent: 1150
Unit SqFt: 786
Full Baths Total: Yes
Furnished: Unfurnished
Unit Remarks: Long term tenant -lease expires 09/30/26

Unit 4 Details

Unit ID: 4
Actual Rent: 1250
Unit SqFt: 786
Full Baths Total: Yes
Furnished: Unfurnished
Unit Remarks: Lease begins May 1, 2026 1 year has washer/dryer

Location, Tax, and Legal

Tax Account: 2724766
Parcel Number: 27-37-21-05-00000.0-0007.00
General County Location: South
Middle School: Johnson
Tax Annual Amount: 7093.88
Tax Year: 2025
Tax Legal Description: SNELLS S/D OF LOT 25 HOUSTONS ADD TO EAU GALLIE LOT 7
Directions: US 1 South of Eau Gallie causeway to Young Street

Appliances

Gas Oven: Yes
Gas Range: Yes
Gas Water Heater: Yes
Microwave: Yes
Refrigerator: Yes
Tankless Water Heater: Yes
Washer/Dryer Stacked: Yes
Other: Yes

Construction Materials

Block: Yes
Concrete: Yes
Stucco: Yes

Cooling

Ductless: Yes
Multi Units: Yes
Split System: Yes

Current Use

Investment: Yes
Multi-Family: Yes
Residential: Yes

Exterior Features

Balcony: Yes

Flooring

Laminate: Yes

Heating

Individual: Yes
Varies by Unit: Yes

Levels

Two: Yes

Listing Terms

Cash: Yes
Conventional: Yes
Owner May Carry: Yes

Lot Features

Historic Area: Yes

Other Structures

Shed(s): Yes

Parking Features

Assigned: Yes
Guest: Yes
Parking Lot: Yes
Shared Driveway: Yes
Other: Yes

Possession

Close Of Escrow: Yes
Subject To Tenant Rights: Yes

Financial Data Source

Accountant: Yes
Owner: Yes

Income Includes

Rent Only: Yes

Owner Pays

Common Area Maintenance: Yes
Exterior Maintenance: Yes
Grounds Care: Yes
HVAC Maintenance: Yes
Insurance: Yes
Management: Yes
Pest Control: Yes
Repairs: Yes
Roof Maintenance: Yes
Taxes: Yes
Trash Collection: Yes
Water: Yes

Roof

Shingle: Yes

Sewer

Public Sewer: Yes

Special Listing Conditions

Standard: Yes

Tenant Pays

Cable TV: Yes
Electricity: Yes
Gas: Yes

Utilities

Cable Available: Yes
Electricity Connected: Yes
Natural Gas Connected: Yes
Separate Electric Meters: Yes
Separate Gas Meters: Yes
Sewer Connected: Yes
Water Connected: Yes

Water Source

Public: Yes

Showing Requirements

24 Hour Notice: Yes
Appointment Only: Yes
Call Listing Agent: Yes

Showing Considerations

Occupied: Yes

Listing Office: Space Coast Realty & Inv. LLC

Last Updated: June - 21 - 2026

Information is deemed to be reliable, but is not guaranteed.