Skip main navigation
For sale
  • $1,400,000

    221 Madison Ave, Cape Canaveral, FL 32920

    12beds
    5,080sqft
    : 
    Multi Family
    Built in 1964
    -- sqft lot
    $-- Zestimate®
    $276/sqft
    $-- HOA

    What's special

    New updated bathsBrand-new roofSuper cleanOpen floor planNewer kitchens
    RARE OPPORTUNITY 3 BLOCKS TO THE BEACH! A 7-UNIT INVESTMENT PROPERTY! This gem of a property is currently fully occupied with wonderful tenants! A well-maintained multi-family income producing property with each unit having an open floor plan, all tile flooring, all new updated baths, newer kitchens, and every unit is super clean! Peace of mind with a brand-new roof over the entire building, and all cast iron plumbing has been replaced throughout all units! Plenty of parking and storage areas for each unit and there's an on-site coin operated laundry that generates extra income! Location, location, location makes these easy rentals w/no HOA plus only a 5-minute walk to a beach crosswalk, Port Canaveral is a short bike ride away, KSC is only a 20-minute drive, and MCO & theme parks a 35-minute drive! Plenty of shopping & restaurants within walking distance! Collect rents now and bank the land & property for a future project!
    7 days
    on Zillow
    |
    230
    |
    11
    |

    Likely to sell faster than

    Zillow last checked: 7 hours ago

    Listing updated: April 21, 2025 at 02:27pm

    Listed by:

    Donna A Gianotti-Kelley 321-783-5000,

    Space Coast Realty & Inv. LLC

    Source: Space Coast AOR,MLS#: 1043737
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 221 Madison Ave.

    Next available tour time:Today at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 12
    • Bathrooms: 6
    • Full bathrooms: 6
    Heating
    • Other, Individual
    Cooling
    • Wall/Window Unit(s)
    Appliances
    • Included: Dishwasher, Disposal, Electric Range, Microwave, Refrigerator
    • Laundry: Common Area
    Features
    • Flooring: Tile
    • Has fireplace: No
    Interior area
    • Total interior livable area: 5,080 sqft
    Video & virtual tour

    Property

    Parking
    • Total spaces: 4
    • Parking features: Additional Parking, Assigned, Carport, Varies by Unit
    • Carport spaces: 4
    Features
    • Levels: One
    • Stories: 1
    Lot
    • Size: 0.38 Acres
    Details
    • Additional parcels included: 2433598
    • Parcel number: 243723Cg00020.00006.00
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Concrete, Frame
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 1964

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available, Electricity Connected, Sewer Connected, Water Connected, Separate Electric Meters

    Community & HOA

    Community
    • Subdivision: Avon By The Sea
    HOA
    • Has HOA: No
    Location
    • Region: Cape Canaveral

    Financial & listing details

    • Price per square foot: $276/sqft
    • Annual tax amount: $9,509
    • Date on market: 4/19/2025
    • Listing terms: Cash,Conventional
    • Tenant pays: Cable TV, Electricity, Telephone
    • Income includes: Laundry
    • Road surface type: Asphalt
    • Loading
    • Loading