837 Hickory Street, Melbourne, FL 32901 (MLS# 1060500)

(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

837 Hickory Street, Melbourne, FL 32901

$1,800,000

Virtual Tour

https://www.propertypanorama.com/instaview/spc/1060500

Property Type: Commercial Sale Baths: 8 Square Footage: 5,500 Lot Size (sq. ft.): 15,682 Status: Active

Current Price: $1,800,000 List Date: 10/25/2025 Last Modified: 10/28/2025

Overview

Description

Turnkey 8-Unit Multifamily Investment - Prime Melbourne, FL Location 5% CAP Discover 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 acres, 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.

Listing Details MLS# 1060500

General Property Information

Number Of Units Total: 8
Stories Total: 2
Bathrooms Total: 8
Building Area Total: 5500
Building Area Source: Appraiser
Year Built: 1979
Lot Size Acres: 0.36
Land Lease YN: No
Association YN: No
Water Body Access YN: No
Waterfront YN: No
Senior Community YN: No
List Price/SqFt: 327.27

Property Features

Construction Materials: Concrete; Stucco Cooling: Ceiling Fan(s); Central Air; Electric Current Use: Commercial; Investment; Multi-Family; Residential Flooring: Tile Heating: Central; Electric Listing Terms: Cash; Conventional Location: Subdivision Lot Features: Other Operating Expense Includes: Insurance; Licenses; Maintenance; Trash; Water/Sewer Owner Pays: Exterior Maintenance; Grounds Care; HVAC Maintenance; Insurance; Janitorial Service; Other Tax; Repairs; Sewer; Taxes; Trash Collection; Water Parking Features: Additional Parking; Guest; Parking Lot; Unassigned Possession: Close Of Escrow Road Frontage Type: City Street Roof: Metal Sale Includes: Building & Land Security Features: Smoke Detector(s) Sewer: Public Sewer Showing Considerations: Occupied Showing Requirements: Appointment Only; Call Listing Office Tenant Pays: Cable TV; Electricity; Insurance; Pest Control; Repairs; Telephone Utilities: Cable Available; Electricity Connected; Sewer Connected Water Source: Public

Contract Information

Original List Price: 1800000
Listing Contract Date: 2025-10-24
Property Sub Type: Multi Family

Location Tax and Legal

Street Number: 837
Street Name: Hickory
Street Suffix: Street
County: Brevard
State: FL
Postal Code: 32901
MLS Area Major: 323 - Eau Gallie
Subdivision Name: Riverside Drive

Remarks and Miscellaneous

Public Remarks: Turnkey 8-Unit Multifamily Investment - Prime Melbourne, FL Location 5% CAP Discover 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 acres, 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.

Status Change Information

Major Change Timestamp: 2025-10-25T18:18:57Z
Major Change Type: New Listing
Status Change Timestamp: 2025-10-25

More Information

Income and Expenses

Gross Income: 119499
Gross Scheduled Income: 130500
Insurance Expense: 15450
Maintenance Expense: 2863
Net Operating Income: 86320
New Taxes Expense: 10031
Trash Expense: 1323.68

Unit 1 Details

Unit ID: 837-1
Annual Rent: 1325
Unit SqFt: 687
# Units (This Type): Yes
Furnished: Unfurnished
Unit Remarks: sec deposit

Unit 2 Details

Unit ID: 837-2
Annual Rent: 1500
Unit SqFt: 687
# Units (This Type): Yes
Furnished: Unfurnished
Unit Remarks: sec deposit

Unit 3 Details

Unit ID: 837-3
Annual Rent: 1350
Unit SqFt: 687
# Units (This Type): Yes
Furnished: Unfurnished
Unit Remarks: sec deposit

Unit 4 Details

Unit ID: 837-4
Annual Rent: 1350
Unit SqFt: 687
# Units (This Type): Yes
Furnished: Unfurnished
Unit Remarks: sec deposit

Unit 5 Details

Unit ID: 837-5
Annual Rent: 1375
Unit SqFt: 687
# Units (This Type): Yes
Furnished: Unfurnished
Unit Remarks: sec deposit

Unit 6 Details

Unit ID: 837-6
Annual Rent: 1350
Unit SqFt: 687
# Units (This Type): Yes
Furnished: Unfurnished
Unit Remarks: sec deposit

Unit 7 Details

Unit ID: 837-7
Annual Rent: 1275
Unit SqFt: 687
# Units (This Type): Yes
Furnished: Unfurnished
Unit Remarks: sec deposit

Unit 8 Details

Unit ID: 837-8
Annual Rent: Yes
Unit SqFt: 687
# Units (This Type): Yes
Furnished: Unfurnished
Unit Remarks: sec deposit

Location, Tax, and Legal

Tax Account: 2729523
Parcel Number: 27-37-34-Ep-0000a.0-0056.00
General County Location: South
Tax Annual Amount: 10031
Tax Year: 2024
Additional Parcels YN: No
Zoning Description: Multi Family
Directions: Head 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.

Construction Materials

Concrete: Yes
Stucco: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes
Electric: Yes

Current Use

Commercial: Yes
Investment: Yes
Multi-Family: Yes
Residential: Yes

Flooring

Tile: Yes

Heating

Central: Yes
Electric: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Lot Features

Other: Yes

Parking Features

Additional Parking: Yes
Guest: Yes
Parking Lot: Yes
Unassigned: Yes

Possession

Close Of Escrow: Yes

Owner Pays

Exterior Maintenance: Yes
Grounds Care: Yes
HVAC Maintenance: Yes
Insurance: Yes
Janitorial Service: Yes
Other Tax: Yes
Repairs: Yes
Sewer: Yes
Taxes: Yes
Trash Collection: Yes
Water: Yes

Road Frontage Type

City Street: Yes

Roof

Metal: Yes

Security Features

Smoke Detector(s): Yes

Sewer

Public Sewer: Yes

Tenant Pays

Cable TV: Yes
Electricity: Yes
Insurance: Yes
Pest Control: Yes
Repairs: Yes
Telephone: Yes

Utilities

Cable Available: Yes
Electricity Connected: Yes
Sewer Connected: Yes

Water Source

Public: Yes

Showing Requirements

Appointment Only: Yes
Call Listing Office: Yes

Location

City: Yes
Subdivision: Yes

Operating Expense Includes

Insurance: Yes
Licenses: Yes
Maintenance: Yes
Trash: Yes
Utilities: Yes
Water/Sewer: Yes

Showing Considerations

Occupied: Yes

Sale Includes

Building & Land: Yes

Documents

Investor Packet ›

Listing Office: NeX-Gen Partners

Last Updated: October - 28 - 2025

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