1139 Groves Drive
About This Property
The updated guest bathroom adds modern appeal, while the remaining living spaces offer an excellent opportunity to renovate at your own pace and create a home that reflects your personal style.
Conveniently located directly across from the City of Rockledge Parks & Recreation facilities and dog park, and just minutes from I-95, US-1, The Avenue Viera, Merritt Island, Patrick Space Force Base, Port Canaveral, Health First's Viera Hospital, and Florida's beautiful Space Coast beaches. Shopping, dining, schools, and everyday conveniences are all within easy reach.
Whether you're searching for your primary residence, your next investment property, or a home with outstanding long-term potential, this property offers exceptional value in one of Brevard County's most convenient locations. Sold As-Is and priced to reflect cosmetic updates and deferred maintenance. Don't miss this opportunity to make it your own!
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 31, 2026 | Sold | ||
| Sold | |||
| Jul 14, 2026 | In contract | - | |
| In contract | |||
| Jul 1, 2026 | Relisted | $239,900 | |
| Relisted | |||
| Jun 24, 2026 | In contract | - | |
| In contract | |||
| Jun 19, 2026 | Listed by RE/MAX Elite | $239,900 | |
| Listed by RE/MAX Elite | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017