3 months on rocket

704 E Lincoln, Melbourne, FL, 32901

$795,000

Home List Price

$9,441*

Closing Credit

4 Bedrooms
0 Baths
2,619 SqFt
$304/SqFt
Multi

Location

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704 E Lincoln, Melbourne$795,000

Buyer Closing Credits

$9,441*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingAdditional Parking, Attached Carport, Off Street
Year Built1926
HeatingElectric, Separate Meters, Other
MLS #1025209
Lot Size0.20 Acres
StatusActive

About 704 E Lincoln

TURN-KEY vacation rental investment opportunity 2 blocks from Historic Downtown. Operated as a professionally managed STR since 2018, the Lincoln Guest House has broad appeal to vacationers, students and professionals. This Spanish Colonial quadraplex apartment offers four one-bedroom/one-bath apartments metered separately. The units are fully furnished and thoughtfully decorated with a mix of modern aesthetic and old-Florida charm. The quad is within walking distance of restaurants, bars, shops with Indialantic beaches just over the causeway and easy access to US1 and A1A. Established STR operation with high occupancy currently listed on Airbnb, VRBO, direct website and mid-term channels. Professionally managed, property has a long income history, streamlined operations and software stack to optimize occupancy and rates. This is a great passive investment opportunity, turnkey self-managed STR or 1031 exchange. Professional management with Superhost status can continue.

Property Details

Property Features

Property Information:

  • Year Built: 1926
  • Stories: 2
  • Living Area: 2,619 SqFt

Listing Office:

  • Office Name: Pineapple Place Realty, LLC
  • Office Phone: (407) 497-8563
  • Listing Agent: Andrea Aylett-Hosch

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Range, Induction Cooktop, Microwave, Refrigerator
  • Flooring Type: Tile, Wood

Bedroom and Bathroom Information:

  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Exterior: Balcony, Storm Windows

Parking Information:

  • Attached Garage: No
  • Parking: Additional Parking, Attached Carport, Off Street

Virtual/3D Tour

  • Virtual Tour: 704 E Lincoln
Virtual Tour

Lot Features

Lot Information:

  • Lot Size: 0.20 Acres

Utilities

Utilities Information:

  • Heating: Electric, Separate Meters, Other

Other

Directions Information:

  • Directions: From I95 take SR192 505 miles towards Melbourne, then turn left on Livingston st., then right on E Lincoln Ave - the property is on your left

Price Information

Listing Price Info

Price Summary:

  • List Price: $795,000
  • Price Per SqFt: $304/SqFt
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Housing Market Comparison

See how this home compares to others in Melbourne, FL.

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Melbourne, FL

City

Med. Sold Price

$420K

Med. Price/SqFt

$236

Avg. Days On Market

65

# of Sold Homes

183

704 E Lincoln vs Melbourne

93 DAYS ON ROCKET

+28 Days

$795,000

+$374.9K More

$304/SqFt

+$67 More

KEY TAKEAWAY

This property is $374.9K more than the Median Sold Price and $67/SqFt more than other homes in Melbourne, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Space Coast MLS (Space Coast Association of REALTORS®)
  • MLS Number: #1025209

Listing Office:

  • Office Name: Pineapple Place Realty, LLC
  • Office Phone: (407) 497-8563
  • Listing Agent: Andrea Aylett-Hosch

IDX Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/21/2024, 11:51:07 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$4,035

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,450

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-830152
3
/10

  • University Park Elementary School

  • 500 W University Blvd

  • 1.74 miles

  • Public District Grades PK-6

school-card-donut-830153
10
/10

  • Indialantic Elementary School

  • 1050 N Palm Ave

  • 2.55 miles

  • Public District Grades KG-6

school-card-donut-830154
6
/10

  • Harbor City Elementary School

  • 1377 Sarno Rd

  • 3.37 miles

  • Public District Grades PK-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $23,704. Typical income of Melbourne, FL residents is less than $35k annually. The most common type of family is single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Florida›Brevard County›Melbourne›32901›704 E Lincoln

This home is located at 704 E Lincoln in Melbourne, FL and zip code 32901. This 2,619 square foot home, which was built in 1926, sits on a 0.20 acre lot. Features: 4 bedrooms. It has been listed on Rocket Homes since September 19, 2024 and is currently priced at $795,000.

In November 2024 more than 6 listings in Melbourne, FL were sold above the asking price. During the same period more than 43 listings were sold at asking price, while more than 134 were sold below. The inventory of homes for sale in Melbourne, FL between October 2024 and November 2024 increased by 2.9%. While the average time on the market in November 2024 was 65 days, the median list price was $420,005.

From Rocket Homes Real Estate and based on county public records data.

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