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4-unit income property in downtown Vero Beach generating ~$5,995/month (~$71,940/year) at ~8% cap. Rear duplex is newer construction (2 units) and front duplex (2 units) offers value-add potential including 2BR conversion. City water/sewer, separate electric meters. Industrial zoning allows flexibility; current multifamily use is legally non-conforming. Front building may need roof and interior updates. Fully occupied. Showings after accepted contract. Deal sheet available. Strong rental history with consistent income. Portion of rents supported by housing assistance programs.
| DAYS ON MARKET | Login to view Days on Market | LAST UPDATED | 4/13/2026 |
|---|---|---|---|
| TRACT | J a Freres | YEAR BUILT | 2024 |
| COMMUNITY | City Vero Beach | COUNTY | Indian River |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| AIR | Ceiling Fan(s), Electric |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | City Vero Beach |
| CONSTRUCTION | Block, Concrete, Stucco |
| HEAT | Electric |
| LOT | 6098 sq ft |
| LOT DIMENSIONS | 50x120 |
| PARKING | Off Street |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| SUBDIVISION | J a Freres |
| TAXES | 5037 |
| WATER | Public |
| ZONING | Residential |
| SATELLITE VIEW |
| / | |
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Listed with EXP Realty, LLC
Listing information is deemed reliable, but not guaranteed.
This IDX solution is (c) Diverse Solutions 2026.
