TotalCommercial.com
Residential Investment

Investment Five Plex

2407 15th Avenue, Vero Beach, Florida 32960

Sold: $500,000
$221.83 / SF
Updated Sep 30, 2026
Categories Apartments

About this property

PROPERTY SUMMARY

  • Fully Rented Five-plex in Downtown Vero!
  • Central Location with Pool, Minutes from the Beach
  • Walking Distance to Shopping, Restaurant, and Downtown
  • Four 1-Bedroom / 1-Bathroom Units & One Efficiency Unit
  • All Units on One Electric Meter
  • Metal Roof Installed 2014
  • City Water/Sewer, FPL
  • Renovated Kitchens and Restrooms
  • Wood Flooring (Most Units)
  • Central A/C

BUILDING SIZES: 2,254 SF Five-plex Located on 0.29 Acres with Approx. 100 ft. of Frontage on 15th Ave. and Approx. 125 Ft. of Depth!
YEAR BUILT: 1959
PROPERTY SIZE: 0.29 Acres
PROPERTY TAXES: $5, 296.00 (2024)
ZONING: RM-10/12 - Residential Multifamily Med. & High Density
ACTUAL NOI: $34,846
PRO-FORMA NOI: $37,006
ASKING PRICE: $570,000

Property details

Property Type
Residential
Building Type
Freestanding
Building Size
2,254 sqft
Land Size
0.29 acres
Units
5
Sewer
City
Water
City
Zoning
RM-10/12 - Residential Multifa
Electric
FPL
Year Built
1959

Location

Address
2407 15th Avenue
Vero Beach, Florida 32960
The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.