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
...
(Read more)
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
Supplements: ... (Read more) 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. With continued growth fueled by the Space Coast's booming aerospace industry, tourism, cruise expansion, and limited multifamily inventory near the beach, opportunities like this are increasingly difficult to find. Income today. Appreciation tomorrow. Opportunity for years to come.
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.