209-215 S Riverside Drive, Indialantic, FL 32903

$640,000
5
BD
3
BA
1,751
SqFt

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Sold Price
$640,000
List Price
$659,000
Closing Date
Jul 20, 2026
MLS#
1080904
Type
Multifamily
Bedrooms
5
Bathrooms
3
Living Area
1,751
Lot Size
10,019
Year Built
1952

Property Description

Excellent opportunity to own a well-maintained duplex on a corner lot with NO HOA in one of Indialantic's most desirable locations. Just 3 blocks from the beach, 1 block from the river, and a short walk to the shops and restaurants of 5th Ave, this property offers flexibility, convenience, and strong income potential. Ideal as an investment property, multi-generational living arrangement, or a primary residence with rental income to help offset expenses. Unit 209 features 2 bedrooms, 1 bathroom, a carport, and a month-to-month tenant providing immediate cash flow. Unit 215 offers 3 bedrooms, 2 bathrooms, a 1-car garage, and is vacant and move-in ready. Recent improvements include new A/C systems in both units. Additional highlights include separate electric meters, city water and sewer, a private irrigation well, and a fully fenced yard. Convenient access to the 192 Causeway, downtown Melbourne, beaches, dining, and shopping. This is a MUST SEE!

Additional Information

Appliances
Dryer, Dishwasher, Electric Cooktop, Electric Oven, Electric Water Heater, Microwave, Refrigerator, Washer
Exterior Construction
Block
Roof
Shingle
High School
Melbourne
Middle School
Hoover
Elementary School
Indialantic
Utilities
Electricity Connected, Water Connected, Separate Electric Meters, Separate Water Meters
Floor
Tile, Terrazzo
Heating
Central
Cooling
Central Air

Listing courtesy of LoKation. Selling Office: LoKation.

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Calculator source: Real Geeks