704 E Lincoln Avenue Melbourne, FL 32901
For Sale MLS# O6242336
2,619 sq ft Multi-family
Details for 704 E Lincoln Avenue
MLS# O6242336
Description for 704 E Lincoln Avenue, Melbourne, FL, 32901
PRICE IMPROVEMENT! TURN-KEY vacation rental investment opportunity 2 blocks from Historic Downtown. Operated as a professionally managed STR since 2018, the Lincoln Guest House has broad appeal to vacationers, students and professionals. This Spanish Colonial quadraplex apartment offers four one-bedroom/one-bath apartments metered separately. The units are fully furnished and thoughtfully decorated with a mix of modern aesthetic and old-Florida charm. The quad is within walking distance of restaurants, bars, shops with Indialantic beaches just over the causeway and easy access to US1 and A1A. Established STR operation with high occupancy currently listed on Airbnb, VRBO, direct website and mid-term channels. Professionally managed, property has a long income history, streamlined operations and software stack to optimize occupancy and rates. This is a great passive investment opportunity, turnkey self-managed STR or 1031 exchange. Professional management with Superhost status can continue. Improvements: new roof installed 2023 and 4 high-efficiency ductless AC systems also installed in 2023. Flexible C1 mixed-use zoning. Gross income of $110,000 (3 yr avg) with very high occupancy and steady income.
Listing Information
Property Type: Residential, Quadruplex
Status: Active
Lot Size: 0.20 Acres
Square Feet: 2,619 sq ft
Year Built: 1926
Construction: Block,Stucco
Subdivision: Camps Plat Of Melbourne
Foundation: Slab
Number Of Units Total: 4
County: Brevard
Interior Features
Flooring: Ceramic Tile,Wood
Doors/Windows: Window Treatments
Additional Interior Features: Ceiling Fan(s), Window Treatments
Utilities
Water: Public
Sewer: Public Sewer
Other Utilities: Cable Available
Cooling: Central Air, Zoned, Ceiling Fan(s)
Heating: Zoned, Central
Exterior / Lot Features
Roof: Other
Community Features
Community Features: Sidewalks
Driving Directions
From I95 take SR192 505 miles towards Melbourne, then turn left on Livingston st., then right on E Lincoln Ave - the property is on your left
Financial Considerations
Terms: Cash,Conventional,VA Loan
Gross Income: 110000
Tax/Property ID: 28 3703-FC-36-14
Tax Amount: 7074
Tax Year: 2023
Price Changes
| Date | Price | Change |
|---|---|---|
| 01/08/2025 12.50 PM | $784,500 | -$10,500 |
| 10/22/2024 10.51 AM | $795,000 | -$40,000 |
| 10/15/2024 08.19 AM | $835,000 | -$15,000 |
| 09/19/2024 07.48 AM | $850,000 |
A broker reciprocity listing courtesy: PINEAPPLE PLACE REALTY, LLC
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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 704 E Lincoln Avenue
Sales History
| Date | Price | Change |
|---|---|---|
| Currently not available. | ||
Tax Summary
| Tax Year | Estimated Market Value | Total Tax |
|---|---|---|
| Currently not available. | ||
Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
Schools
Schools nearby 704 E Lincoln Avenue
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Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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