7554 Magnolia Avenue, Cape Canaveral, FL 32920
New Listing
$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:
4/24/2026
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.
Currently generating approximately $36,000 annually through long-term and mid-term rentals, with additional upside potential through 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.
More Information MLS# 1075650
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.
General Property Information
Number Of Buildings: 1
Number Of Units Total: 2
Stories Total: 1
Bathrooms Half: 0
Living Area: 1008
Living Area Source: Appraiser
Building Area Total: 1008
Lot Size Acres: 0.14
Lot Size Square Feet: 6098
Accessibility Features YN: No
Association YN: No
New Construction YN: No
Garage YN: No
Carport YN: No
Waterfront YN: No
Open Parking Spaces: 4
Parking Total: 4
Senior Community YN: No
CDD Fee YN: No
Water Body Access YN: No
Furnished: Partially
Stories: 1
Entry Level: 1
Direction Faces: West
Pool Private YN: No
List Price/SqFt: 391.87
Bedrooms Total: 2
Bathrooms Total: 2
Bathrooms Full: 2
Year Built: 1955
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.
Currently generating approximately $36,000 annually through long-term and mid-term rentals, with additional upside potential through 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.
Appliances
Electric Oven: 1
Electric Range: 1
Electric Water Heater: 1
Freezer: 1
Microwave: 1
Refrigerator: 1
Association Amenities
None: 1
Closing Company Details
Closing Company Name: Dockside Title - Ashlyn Riebel, closing@docksidetitle.com
Closing Company Address: 380 S Courtenay Pkwy, Merritt Island, FL 32952
Construction Materials
Block: 1
Concrete: 1
Stucco: 1
Cooling
Wall/Window Unit(s): 1
Current Use
Multi-Family: 1
Residential: 1
Fencing
Back Yard: 1
Privacy: 1
Wood: 1
Flooring
Tile: 1
Vinyl: 1
Heating
None: 1
Laundry Features
None: 1
Levels
One: 1
Listing Terms
Cash: 1
Conventional: 1
Owner May Carry: 1
Private Financing Available: 1
Lot Features
Corner Lot: 1
Parking Features
Off Street: 1
Possession
Close Of Escrow: 1
Income and Expenses
Gross Income: 36000
Income Includes
Rent Only: 1
Road Frontage Type
City Street: 1
Road Surface Type
Asphalt: 1
Roof
Membrane: 1
Security Features
Smoke Detector(s): 1
Sewer
Public Sewer: 1
Special Listing Conditions
Owner Licensed RE: 1
Standard: 1
Unit 1 Details
Unit ID: 1
Actual Rent: 1400
Unit SqFt: 504
Beds Total: 1
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Long Term Rental
Unit 2 Details
Unit ID: 2
Actual Rent: 1600
Unit SqFt: 504
Beds Total: 1
Full Baths Total: 1
Furnished: Furnished
Unit Remarks: Mid-Term Rental
Utilities
Cable Available: 1
Electricity Connected: 1
Sewer Connected: 1
Water Connected: 1
Water Source
Public: 1
Showing Requirements
Lockbox: 1
No Sign: 1
Showing Service: 1
Contract Information
Current Price: $395,000
Original List Price: 395000
List Price: $395,000
Status: Active
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
Status Change Information
Major Change Timestamp: 2026-04-24T23:49:29Z
Major Change Type: New Listing
Status Change Timestamp: 2026-04-24
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
Documents
REAL ESTATE LICENSEE DISCLOSURE ›
Listing Office:
Atlantic Group Real Estate
Last Updated: April - 24 - 2026
Information is deemed to be reliable, but is not guaranteed.