<LAST PRICE REDUCTION> <HIGHEST & BEST BY 6/20/25> Incredible Quadplex Investment Opportunity in Cocoa – 4 Units, Huge Lot, and Endless Potential for Expansion! This is your chance to own a prime multi-family investment property in Cocoa! This spacious quadplex sits on a massive 30,000+ square foot lot and boasts four 2-bedroom, 1-bathroom units, offering a tremendous opportunity for both immediate cash flow and future growth. Whether you're an investor looking for a turn-key property or someone ready to unlock the potential of this large lot, this property delivers endless possibilities! The quadplex features two levels, with two units on the bottom and two on the top, all surrounded by lush greenery providing privacy and a serene atmosphere. The lot is so expansive, there's plenty of room for parking, storage, or even adding two additional duplexes—truly a rare find in this area. Recent updates have made this property ready for your next investment. The home boasts a beautiful, freshly painted exterior, a brand-new roof (just 3 years old), and two brand-new AC units that will keep the tenants comfortable year-round. The central air serves the top two units, while the bottom two feature wall-mounted AC units with evaporators in the attic. The property also has a new electrical panel and newer water heaters, ensuring major systems are in excellent condition. Inside, each of the four units is generously sized, with spacious living rooms and luxurious, durable tile flooring throughout. The units have been well-maintained, but they do need some light TLC to bring the kitchens and bathrooms up to modern standards—an ideal opportunity for an investor to increase rental rates. The seller was previously receiving $1,200 per month per unit even with some outdated features, and with a little renovation, you could easily bump rents to $1,400–$1,500 per unit, increasing potential income to nearly $6,000/month! With four separate electric meters and one water meter, the property offers convenient and efficient utilities. The massive backyard offers plenty of space for outdoor activities or even future development, making this an investor’s dream. Whether you’re looking to renovate and increase rents, or simply sit back and collect the cash flow, this quadplex offers the flexibility and potential you’ve been looking for. This is the perfect opportunity to own a well-located property with great income potential. Don't miss out—schedule your showing today and turn this Cocoa gem into your next big investment! <NO ASSIGNABLE CONTRACTS>
For sale
Price cut: $4K (6/9)
$489,999
1302 Clearlake Rd #A-D, Cocoa, FL 32922
8beds
4baths
3,000sqft
Est.:
Quadruplex, Multi Family
Built in 1955
-- sqft lot
$-- Zestimate®
$163/sqft
$-- HOA
What's special
Massive backyardBrand-new roofLush greeneryBrand-new ac unitsLuxurious durable tile flooringBeautiful freshly painted exterior
- 36 days
- on Zillow |
- 751 |
- 52 |
Zillow last checked: 7 hours ago
Listing updated: June 09, 2025 at 06:59pm
Listing Provided by:
Ronald Ryder 305-302-9806,
RICHARD PETERS REALTY LLC 352-448-9712
Source: Stellar MLS,MLS#: TB8382283
Originating MLS: Suncoast Tampa

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Central, Electric, Other, Wall Units / Window Unit
Cooling
- Central Air, Wall/Window Unit(s)
Appliances
- Laundry: Other
Features
- Other
- Has fireplace: No
Interior area
- Total interior livable area: 3,000 sqft
Video & virtual tour
Property
Features
- Exterior features: Other
Lot
- Size: 0.55 Acres
Details
- Parcel number: 24 362051*6.04
- Zoning: BU-2
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Materials
- Block, Cement Siding
- Foundation: Brick/Mortar, Slab
- Roof: Shingle
Condition
- New construction: No
- Year built: 1955
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Other
Community & HOA
Community
- Subdivision: ATKINSON SUB
HOA
- Has HOA: No
- Pet fee: $0 monthly
Location
- Region: Cocoa
Financial & listing details
- Price per square foot: $163/sqft
- Tax assessed value: $302,400
- Annual tax amount: $4,427
- Date on market: 5/8/2025
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
- Total actual rent: 0
- Road surface type: Asphalt, Concrete
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