89 NW Irwin Avenue, Melbourne, FL 32904

$1,455,000

Virtual Tour

https://www.propertypanorama.com/instaview/spc/1028572

Property Type: Residential Income Bedrooms: 8 Baths: 8 Square Footage: 7,728 Lot Size (sq. ft.): 25,265 Status: Closed

Current Price: $1,455,000 List Date: 11/10/2025 Last Modified: 3/17/2026

Overview

Description

11 Units in a Prime Location! New Roof & Windows! Multi-unit complex perfectly situated in the heart of town, surrounded by major employers, stunning beaches, the Melbourne Mall, and the airport. The offering includes three properties at 89, 87, and 85 NW Irwin Avenue, consisting of: 8-unit apartment building (each 1 bed/1 bath) Duplex (each 2 bed/1 bath) Single-family home (3 bed/2 bath)

Listing Details MLS# 1028572

General Property Information

Number Of Buildings: 3
Number Of Units Total: 11
Bedrooms Total: 8
Bathrooms Total: 8
Bathrooms Full: 8
Living Area: 7728
Living Area Source: Public Records
Accessibility Features YN: No
New Construction YN: No
Year Built: 1973
Garage YN: No
Carport YN: No
Open Parking Spaces: 18
Parking Total: 18
Lot Size Acres: 0.58
Lot Size Square Feet: 25265
Association YN: No
CDD Fee YN: No
Water Body Access YN: No
Waterfront YN: No
Furnished: Unfurnished
Stories Total: 2
Stories: 2
Entry Level: Yes
Direction Faces: South
Pool Private YN: No
Senior Community YN: No
List Price/SqFt: 191.51
Sold Price/SqFt: 188.28

Property Features

Appliances: Electric Range; Refrigerator Construction Materials: Brick; Stucco Cooling: Central Air Current Use: Investment; Multi-Family Exterior Features: Impact Windows; Storm Shutters Financial Data Source: Owner Flooring: Tile Heating: Central Listing Terms: Cash; Private Financing Available Lot Features: Few Trees Owner Pays: Exterior Maintenance; Insurance; Repairs; Roof Maintenance; Taxes; Trash Collection; Water Parking Features: Parking Lot Possession: Subject To Tenant Rights Road Frontage Type: City Street Road Surface Type: Asphalt Roof: Membrane; Shingle Security Features: Fire Alarm; Smoke Detector(s) Sewer: Public Sewer Special Listing Conditions: Standard Tenant Pays: Cable TV; Electricity; Insurance Utilities: Cable Available; Electricity Connected; Sewer Connected; Water Available View: Other Water Source: Public Smart Home Features: Locks; Smoke Detector Showing Considerations: Occupied Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent

Contract Information

Original List Price: 1955000
Listing Contract Date: 2024-11-01
Start Showing Date: 2024-10-31
Property Sub Type: Multi Family
Comp Sale YN: No

Location Tax and Legal

Street Number: 89
Street Direction Prefix: NW
Street Name: Irwin
Street Suffix: Avenue
County: Brevard
State: FL
Postal Code: 32904
MLS Area Major: 331 - West Melbourne

Remarks and Miscellaneous

Public Remarks: 11 Units in a Prime Location! New Roof & Windows! Multi-unit complex perfectly situated in the heart of town, surrounded by major employers, stunning beaches, the Melbourne Mall, and the airport. The offering includes three properties at 89, 87, and 85 NW Irwin Avenue, consisting of: 8-unit apartment building (each 1 bed/1 bath) Duplex (each 2 bed/1 bath) Single-family home (3 bed/2 bath)

Status Change Information

Major Change Timestamp: 2026-03-17T19:03:57Z
Major Change Type: Status Change
Price Change Timestamp: 2025-12-20T21:01:28Z
Status Change Timestamp: 2026-03-17
Purchase Contract Date: 2026-01-14
Close Date: 2026-03-13
Close Price: 1455000

More Information

Closing Company Details

Closing Company Name: Landing Title

Income and Expenses

Gross Income: 192000
Net Operating Income: 158679
Operating Expense: 33321

Unit 1 Details

Unit ID: Yes
Actual Rent: 1350
Unit SqFt: 700
Full Baths Total: Yes
Furnished: Unfurnished
Unit Remarks: 1 Bed 1 Bath

Unit 2 Details

Unit ID: 2
Actual Rent: 1375
Unit SqFt: 700
Full Baths Total: Yes
Furnished: Unfurnished
Unit Remarks: 1 Bed 1 Bath

Unit 3 Details

Unit ID: 3
Actual Rent: 1175
Unit SqFt: 700
Full Baths Total: Yes
Furnished: Unfurnished
Unit Remarks: 1 Bed 1 Bath

Unit 4 Details

Unit ID: 4
Actual Rent: 1250
Unit SqFt: 700
Full Baths Total: Yes
Furnished: Unfurnished
Unit Remarks: 1 Bed 1 Bath

Unit 5 Details

Unit ID: 5
Actual Rent: 1100
Unit SqFt: 700
Full Baths Total: Yes
Furnished: Unfurnished
Unit Remarks: 1 Bed 1 Bath

Unit 6 Details

Unit ID: 6
Actual Rent: 1350
Unit SqFt: 700
Full Baths Total: Yes
Furnished: Unfurnished
Unit Remarks: 1 Bed 1 Bath

Unit 7 Details

Unit ID: 7
Actual Rent: 1350
Unit SqFt: 700
Full Baths Total: Yes
Furnished: Unfurnished
Unit Remarks: 1 Bed 1 Bath

Unit 8 Details

Unit ID: 8
Actual Rent: 1450
Unit SqFt: 700
Full Baths Total: Yes
Furnished: Unfurnished
Unit Remarks: 1 Bed 1 Bath

Listing Office: LPT Realty, LLC

Last Updated: March - 17 - 2026

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