285 Monroe Avenue 1,2,3,4, Cape Canaveral, FL 32920 (MLS# 1077517)

285 Monroe Avenue 1,2,3,4, Cape Canaveral, FL 32920

$1,599,000

Property Type: Residential Income Bedrooms: 8 Baths: 1 Square Footage: 3,584 Lot Size (sq. ft.): 12,632 Status: Active

Current Price: $1,599,000 List Date: 5/16/2026 Last Modified: 5/17/2026

Overview

Description

RARE TURNKEY INVESTMENT just steps from the beach! This fully furnished Cape Canaveral quadplex features 4 updated 2 bed units, including three 1 bath units and one with 1.5 baths, already operating as successful short-term vacation rentals. With strong gross income performance and a setup built for continued rental success, this is the kind of coastal income property investors look for and rarely find. Guests love the above-ground pool, charming outdoor entertainment space, beautiful landscaping, and walkable beach lifestyle. Located on a corner lot in the heart of Cape Canaveral next to the new Community Center and just a 5-minute walk to the beach. Includes 2 buildings, 3 garages, ample parking, community laundry, ADT security system, and separate electric/water meters. Continue operating as a vacation rental business or convert to long-term rentals if desired. See attached income details for more information. Owner financing available! Rare coastal asset with investor flexibility!!

Listing Details MLS# 1077517

General Property Information

Number Of Buildings: 2
Number Of Units Total: 4
Bedrooms Total: 8
Bathrooms Total: Yes
Bathrooms Full: Yes
Living Area: 3584
New Construction YN: No
Year Built: 1965
Garage YN: Yes
Garage Spaces: 3
Carport YN: No
Parking Total: 5
Lot Size Acres: 0.29
Lot Size Square Feet: 12632
Association YN: No
Waterfront YN: No
Furnished: Furnished
Stories Total: Yes
List Price/SqFt: 446.15
Bathrooms Half: 0

Property Features

Appliances: Dishwasher; Electric Range; Microwave; Refrigerator Association Amenities: Pool Construction Materials: Block; Concrete; Stucco; Vinyl Siding; Wood Siding Cooling: Central Air; Electric Current Use: Commercial; Investment; Residential Financial Data Source: Owner Flooring: Carpet; Laminate; Tile Heating: Electric Laundry Features: Common Area; In Garage Levels: One; Two Listing Terms: Assumable; Cash; Conventional; FHA; Owner May Carry; Private Financing Available; VA Loan Parking Features: Detached Possession: Close Of Escrow Road Surface Type: Paved Roof: Shingle Sewer: Public Sewer Special Listing Conditions: Standard Utilities: Cable Available; Electricity Available; Sewer Connected; Water Available Water Source: Public Showing Requirements: Listing Agent Must Accompany; Restricted Hours; Other

Contract Information

Original List Price: 1599000
Listing Contract Date: 2026-05-16
Property Sub Type: Quadruplex

Location Tax and Legal

Street Number: 285
Street Name: Monroe
Street Suffix: Avenue
County: Brevard
State: FL
Postal Code: 32920
MLS Area Major: 271 - Cape Canaveral
Subdivision Name: Avon By The Sea

Remarks and Miscellaneous

Public Remarks: RARE TURNKEY INVESTMENT just steps from the beach! This fully furnished Cape Canaveral quadplex features 4 updated 2 bed units, including three 1 bath units and one with 1.5 baths, already operating as successful short-term vacation rentals. With strong gross income performance and a setup built for continued rental success, this is the kind of coastal income property investors look for and rarely find. Guests love the above-ground pool, charming outdoor entertainment space, beautiful landscaping, and walkable beach lifestyle. Located on a corner lot in the heart of Cape Canaveral next to the new Community Center and just a 5-minute walk to the beach. Includes 2 buildings, 3 garages, ample parking, community laundry, ADT security system, and separate electric/water meters. Continue operating as a vacation rental business or convert to long-term rentals if desired. See attached income details for more information. Owner financing available! Rare coastal asset with investor flexibility!!

Status Change Information

Major Change Timestamp: 2026-05-16T12:46:00Z
Major Change Type: New Listing
Status Change Timestamp: 2026-05-16

More Information

DPR Eligible

DPR Eligible: Yes

Income and Expenses

Gross Income: 121818.35
Gross Scheduled Income: 121818.35

Unit 1 Details

Unit ID: Yes
Actual Rent: 140
Unit SqFt: 896
Full Baths Total: Yes
Furnished: Furnished
Unit Remarks: 90-140 a night

Unit 2 Details

Unit ID: 2
Actual Rent: 140
Unit SqFt: 896
Furnished: Furnished
Unit Remarks: 90-140 a night

Unit 3 Details

Unit ID: 3
Actual Rent: 140
Unit SqFt: 896
Furnished: Furnished
Unit Remarks: 90-140 a night

Unit 4 Details

Unit ID: 4
Actual Rent: 140
Unit SqFt: 896
Furnished: Furnished
Unit Remarks: 90-140 a night

Location, Tax, and Legal

Unit Number: 1,2,3,4
Tax Account: 2433747
Parcel Number: 24-37-23-Cg-00026.0-0007.00
General County Location: Central
Elementary School: Cape View
Middle School: Cocoa Beach
High School: Cocoa Beach
Tax Annual Amount: 11991.7
Tax Year: 2025
Tax Legal Description: AVON BY THE SEA LOTS 7 & 8 BLK 26
Directions: Heading north on A1A turn right onto Jackson Ave. then first left onto Poinsettia and then right onto Monroe.

Appliances

Dishwasher: Yes
Electric Range: Yes
Microwave: Yes
Refrigerator: Yes

Association Amenities

Pool: Yes

Construction Materials

Block: Yes
Concrete: Yes
Stucco: Yes
Vinyl Siding: Yes
Wood Siding: Yes

Cooling

Central Air: Yes
Electric: Yes

Current Use

Commercial: Yes
Investment: Yes
Residential: Yes

Flooring

Carpet: Yes
Laminate: Yes
Tile: Yes

Heating

Electric: Yes

Laundry Features

Common Area: Yes
In Garage: Yes

Levels

One: Yes
Two: Yes

Listing Terms

Assumable: Yes
Cash: Yes
Conventional: Yes
FHA: Yes
Owner May Carry: Yes
Private Financing Available: Yes
VA Loan: Yes

Parking Features

Detached: Yes

Possession

Close Of Escrow: Yes

Financial Data Source

Owner: Yes

Road Surface Type

Paved: Yes

Roof

Shingle: Yes

Sewer

Public Sewer: Yes

Special Listing Conditions

Standard: Yes

Utilities

Cable Available: Yes
Electricity Available: Yes
Sewer Connected: Yes
Water Available: Yes

Water Source

Public: Yes

Showing Requirements

Listing Agent Must Accompany: Yes
Restricted Hours: Yes
Other: Yes

Documents

Monroe General Expenses ›

Monroe Water Expense ›

Listing Office: Coldwell Banker Realty

Last Updated: May - 17 - 2026

Information is deemed to be reliable, but is not guaranteed.