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2612 Riverview Drive
About This Property
Zoning allows for up to a 13:1 density, presenting multiple development possibilities, including a private estate, income-producing property, or potential multi-unit investment. Rare opportunity to own a sizable riverfront parcel with dockage and development potential in Melbourne.
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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 |
|---|---|---|---|
| Apr 29, 2026 | Price Decreased |
$1,690,000
↓ $100K
(5.6%) | |
| Price Decreased | |||
| Apr 22, 2026 | Price Decreased |
$1,790,000
↓ $90K
(4.8%) | |
| Price Decreased | |||
| Mar 31, 2026 | Price Decreased |
$1,880,000
↓ $100K
(5.1%) | |
| Price Decreased | |||
| Mar 3, 2026 | Price Decreased |
$1,980,000
↓ $120K
(5.7%) | |
| Price Decreased | |||
| Jan 9, 2026 | Listed by Blue Marlin Real Estate | $2,100,000 | |
| Listed by Blue Marlin Real Estate | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017