About This Home

This 8-bedroom, 4-bathroom multi-family at 214 Madison Avenue #1-4 in Cape Canaveral, FL is listed for $995,000 ($278 per sqft). Built in 1974, the home offers 3,582 sqft of living space on a 0.30 acres lot.

Key Features

  • Built in 1974
  • 0.30 acre lot
  • 10 parking spaces

Property Details

1 story
4 full
10 spaces
#1-4
1974

Amenities

A/C
Listing Description

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 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.

Monthly Cost Estimate

$5,321/mo

20% down · 6.5% · 30 years

Principal$720
Interest$4,312
Insurance$290

Estimates only. Actual payments may vary.

Location

214 Madison Avenue #1-4

Cape Canaveral, FL 32920

Avon By The Sea

Features & Amenities

Exterior Features

Courtyard

Property Details

Flooring

CarpetLaminateTileVinyl

Construction

Frame Wood Siding

Heating

CentralElectric (Heating)

Cooling

Central AirElectric

Appliances

DishwasherDryerElectric RangeElectric Water HeaterMicrowaveRefrigeratorWasher

Questions & Answers

This 8-bedroom, 4-bathroom multi-family at 214 Madison Avenue is listed at $995,000 ($278/sqft). The estimated monthly payment is $5,321 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1974, 0.30 acre lot, 10 parking spaces. Exterior Features: Courtyard.

This property is listed by Jared Doyle.

JD

Jared Doyle

Agent at ITG Realty LLC

Listed by ITG Realty LLC · Broker phone: (321) 622-2701 · View on Broker Site · Broker website

MLS# 1082533· Source: Space Coast Association of Realtors· 108 days on PropertySimple

Copyright © 2026 Space Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

214 Madison Avenue #1-4, Cape Canaveral, FL 32920

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