214 Madison Avenue 1-4, Cape Canaveral, FL 32920 (MLS# 1082533)

214 Madison Avenue 1-4, Cape Canaveral, FL 32920

$995,000
Property Type: Residential Income Bedrooms: 8 Baths: 4 Square Footage: 3,582 Lot Size (sq. ft.): 13,068 Status: Active
Current Price: $995,000 List Date: 7/14/2026 Last Modified: 7/16/2026

Overview

Description

Rare Cape Canaveral Quadplex with Immediate Income & Value-Add Potential! This exceptional four-unit investment property offers the perfect blend of stable cash flow and future upside in one of the Space Coast's strongest rental markets. Located just minutes from the Atlantic Ocean, Cocoa Beach, Port Canaveral, cruise terminals, Patrick Space Force Base, Kennedy Space Center, and the area's expanding aerospace corridor, this property benefits from year-round rental demand. Two units have been tastefully renovated with modern kitchens, updated bathrooms, luxury vinyl flooring, recessed LED lighting, butcher block countertops, stainless steel appliances, fresh paint, and contemporary finishes, creating attractive turnkey units for today's tenants. The remaining two occupied units provide the next owner the opportunity to renovate over time, increasing rents and maximizing returns without sacrificing current income. The property offers generous parking, private outdoor space, dedica ...

Supplements: storage and laundry areas, low-maintenance construction, and an excellent unit mix for long-term tenancy. Whether you're an experienced investor looking to expand your portfolio, an out-of-state buyer seeking a quality Florida asset, or completing a 1031 exchange, this property offers both immediate revenue and long-term appreciation potential. Wi ...

Listing Details MLS# 1082533

General Property Information

Number Of Buildings
2
Number Of Units Total
4
Bedrooms Total
8
Bathrooms Total
4
Bathrooms Full
4
Living Area
3582
Living Area Source
Public Records
New Construction YN
No
Year Built
1974
Garage YN
No
Parking Total
10
Lot Size Acres
0.3
Association YN
No
CDD Fee YN
No
Water Body Access YN
No
Waterfront YN
No
Furnished
Unfurnished
Stories Total
Yes
Stories
Yes
Direction Faces
South
Pool Private YN
No
Senior Community YN
No
List Price/SqFt
277.78
Lot Size Square Feet
13068
Carport YN
No

Property Features

Appliances: Dishwasher; Dryer; Electric Range; Electric Water Heater; Microwave; Refrigerator; Washer Construction Materials: Frame; Wood Siding Cooling: Central Air; Electric Current Use: Multi-Family Exterior Features: Courtyard Fencing: Wood Financial Data Source: Property Manager Flooring: Carpet; Laminate; Tile; Vinyl Heating: Central; Electric Laundry Features: Multiple Locations Listing Terms: Cash; Conventional; FHA; Other Possession: Close Of Escrow; Subject To Tenant Rights Road Frontage Type: City Street Road Surface Type: Asphalt Roof: Shingle Security Features: Security Lights; Smoke Detector(s) Sewer: Public Sewer Special Listing Conditions: Standard Tenant Pays: Cable TV; Electricity; Telephone; Water Utilities: Cable Connected; Electricity Connected; Separate Electric Meters; Sewer Connected; Water Connected Water Source: Public Showing Considerations: Occupied; Pet(s) on Premises Showing Requirements: 24 Hour Notice; Combination Lock Box

Contract Information

OriginalListPrice
995000
Listing Contract Date
2026-07-10
Property Sub Type
Quadruplex
Comp Sale YN
No

Location Tax and Legal

Street Number
214
Street Name
Madison
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 Cape Canaveral Quadplex with Immediate Income & Value-Add Potential! This exceptional four-unit investment property offers the perfect blend of stable cash flow and future upside in one of the Space Coast's strongest rental markets. Located just minutes from the Atlantic Ocean, Cocoa Beach, Port Canaveral, cruise terminals, Patrick Space Force Base, Kennedy Space Center, and the area's expanding aerospace corridor, this property benefits from year-round rental demand. Two units have been tastefully renovated with modern kitchens, updated bathrooms, luxury vinyl flooring, recessed LED lighting, butcher block countertops, stainless steel appliances, fresh paint, and contemporary finishes, creating attractive turnkey units for today's tenants. The remaining two occupied units provide the next owner the opportunity to renovate over time, increasing rents and maximizing returns without sacrificing current income. The property offers generous parking, private outdoor space, dedicated

Status Change Information

Major Change Timestamp
2026-07-14T22:05:18Z
Major Change Type
New Listing
StatusChangeDate
2026-07-14

More Information

Closing Company Details

Closing Company Name
Closed Title- April Dodd
Closing Company Address
5445 Murrell Rd. Suite 104 Rockledge, FL 32955

DPR Eligible

DPR Eligible
Yes

Unit 1 Details

Unit ID
Yes
Actual Rent
1600
Unit SqFt
896
Full Baths Total
Yes
Furnished
Unfurnished
Unit Remarks
Vacant-Not Remodeled

Unit 2 Details

Unit ID
2
Actual Rent
1200
Unit SqFt
896
Full Baths Total
Yes
Furnished
Unfurnished
Unit Remarks
Long Term Tenant-Not Remodeled

Unit 3 Details

Unit ID
3
Actual Rent
2000
Unit SqFt
896
Full Baths Total
Yes
Furnished
Unfurnished
Unit Remarks
Owners Unit-Remodeled

Unit 4 Details

Unit ID
4
Actual Rent
1850
Unit SqFt
896
Full Baths Total
Yes
Furnished
Unfurnished
Unit Remarks
Remodeled Unit-Rented

Location, Tax, and Legal

Tax Account
2433520
Directions
From 528 heading East turn left at N. Atlantic Ave then turn Right on Madison Ave and the Quadplex will be on the left.
Listing Office: ITG Realty
Last Updated: July - 16 - 2026
Information is deemed to be reliable, but is not guaranteed.

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