7554 Magnolia Avenue, Cape Canaveral, FL 32920

$395,000
Property Type: Residential Income Bedrooms: 2 Baths: 2 Square Footage: 1,008 Lot Size (sq. ft.): 6,098 Status: Active
Current Price: $395,000 List Date: 4/24/2026 Last Modified: 5/19/2026

Overview

Description

Beachside duplex opportunity in Cape Canaveral just minutes from the ocean. This property features two 1 bed / 1 bath units and is ideal for investors, house hackers, or buyers wanting to live beachside while offsetting ownership costs by renting the second unit. Generated $36,000 in 2025 through long-term and mid-term rentals. There is additional upside potential through short term rental optimization. Seller financing may be available for qualified buyers. With many nearby 1 bed / 1 bath condos selling near this price point per unit plus HOA fees, this property offers a rare opportunity to own a duplex with no HOA and a private yard. Potential for future short-term rental use with improvements needed for rear bedroom egress compliance. Buyer to verify zoning, licensing, and feasibility for intended use. Roof 2023, AC units under 3 years old, LVP flooring in both units, privacy fenced back patios for added living/storage, and unit 2 kitchen updated.

Listing Details MLS# 1075650

General Property Information

Number Of Buildings
Yes
Number Of Units Total
2
Bedrooms Total
2
Bathrooms Total
2
Bathrooms Full
2
Living Area
1008
Living Area Source
Appraiser
Building Area Total
1008
Accessibility Features YN
No
New Construction YN
No
Year Built
1955
Garage YN
No
Carport YN
No
Open Parking Spaces
4
Parking Total
4
Lot Size Acres
0.14
Lot Size Square Feet
6098
Association YN
No
CDD Fee YN
No
Water Body Access YN
No
Waterfront YN
No
Furnished
Partially
Stories Total
Yes
Stories
Yes
Entry Level
Yes
Direction Faces
West
Pool Private YN
No
Senior Community YN
No
List Price/SqFt
391.87
Bathrooms Half
0

Property Features

Appliances: Electric Oven; Electric Range; Electric Water Heater; Freezer; Microwave; Refrigerator Association Amenities: None Construction Materials: Block; Concrete; Stucco Cooling: Wall/Window Unit(s) Current Use: Multi-Family; Residential Fencing: Back Yard; Privacy; Wood Flooring: Tile; Vinyl Heating: None Income Includes: Rent Only Laundry Features: None Levels: One Listing Terms: Cash; Conventional; Owner May Carry; Private Financing Available Lot Features: Corner Lot Parking Features: Off Street Possession: Close Of Escrow Road Frontage Type: City Street Road Surface Type: Asphalt Roof: Membrane Security Features: Smoke Detector(s) Sewer: Public Sewer Special Listing Conditions: Owner Licensed RE; Standard Utilities: Cable Available; Electricity Connected; Sewer Connected; Water Connected Water Source: Public Showing Requirements: Lockbox; No Sign; Showing Service

Contract Information

Original List Price
395000
Listing Contract Date
2026-04-24
Property Sub Type
Duplex

Location Tax and Legal

Street Number
7554
Street Name
Magnolia
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
Beachside duplex opportunity in Cape Canaveral just minutes from the ocean. This property features two 1 bed / 1 bath units and is ideal for investors, house hackers, or buyers wanting to live beachside while offsetting ownership costs by renting the second unit. Generated $36,000 in 2025 through long-term and mid-term rentals. There is additional upside potential through short term rental optimization. Seller financing may be available for qualified buyers. With many nearby 1 bed / 1 bath condos selling near this price point per unit plus HOA fees, this property offers a rare opportunity to own a duplex with no HOA and a private yard. Potential for future short-term rental use with improvements needed for rear bedroom egress compliance. Buyer to verify zoning, licensing, and feasibility for intended use. Roof 2023, AC units under 3 years old, LVP flooring in both units, privacy fenced back patios for added living/storage, and unit 2 kitchen updated.

Status Change Information

Major Change Timestamp
2026-04-24T23:49:29Z
Major Change Type
New Listing
Status Change Timestamp
2026-04-24

More Information

Closing Company Details

Closing Company Name
Dockside Title - Ashlyn Riebel, closing@docksidetitle.com
Closing Company Address
380 S Courtenay Pkwy, Merritt Island, FL 32952

DPR Eligible

DPR Eligible
Yes

Income and Expenses

Gross Income
36000

Unit 1 Details

Unit ID
Yes
Actual Rent
1300
Unit SqFt
504
Full Baths Total
Yes
Furnished
Unfurnished
Unit Remarks
12 Month Lease as of May 22nd

Unit 2 Details

Unit ID
2
Actual Rent
1300
Unit SqFt
504
Full Baths Total
Yes
Furnished
Unfurnished
Unit Remarks
12 Month Lease as of May 15th

Location, Tax, and Legal

Tax Account
2434103
Parcel Number
24-37-23-Cg-00044.0-0001.00
General County Location
Central
Elementary School
Cape View
Middle School
Cocoa Beach
High School
Cocoa Beach
Tax Annual Amount
3936.57
Tax Year
2025
Tax Legal Description
AVON BY THE SEA LOT 1 BLK 44
Zoning Description
Multi Family
Directions
From Highway A1A, go east on Tyler Ave. Duplex is at intersection of Tyler Ave. and Magnolia Ave.

Appliances

Electric Oven
Yes
Electric Range
Yes
Electric Water Heater
Yes
Freezer
Yes
Microwave
Yes
Refrigerator
Yes

Association Amenities

None
Yes

Construction Materials

Block
Yes
Concrete
Yes
Stucco
Yes

Cooling

Wall/Window Unit(s)
Yes

Current Use

Multi-Family
Yes
Residential
Yes

Fencing

Back Yard
Yes
Privacy
Yes
Wood
Yes

Flooring

Tile
Yes
Vinyl
Yes

Heating

None
Yes

Laundry Features

None
Yes

Levels

One
Yes

Listing Terms

Cash
Yes
Conventional
Yes
Owner May Carry
Yes
Private Financing Available
Yes

Lot Features

Corner Lot
Yes

Parking Features

Off Street
Yes

Possession

Close Of Escrow
Yes

Income Includes

Rent Only
Yes

Road Frontage Type

City Street
Yes

Road Surface Type

Asphalt
Yes

Roof

Membrane
Yes

Security Features

Smoke Detector(s)
Yes

Sewer

Public Sewer
Yes

Special Listing Conditions

Owner Licensed RE
Yes
Standard
Yes

Utilities

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

Water Source

Public
Yes

Showing Requirements

Lockbox
Yes
No Sign
Yes
Showing Service
Yes

Documents

Listing Office: Atlantic Group Real Estate
Last Updated: May - 19 - 2026
Information is deemed to be reliable, but is not guaranteed.
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