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401 4th Avenue
About This Property
Main level Is 1550 sq ft with living rooms, dining, kitchen, 11x12 bedroom , full bathroom , laundry room, 2 car garage
There are 2 bedrooms and full bath on second level . See Documents for Construction Photos , Floor Plan, Permits, .Survey
Home is surrounded by Gardens on all sides, and brick pavers . Pool company has measured and can install pool in SW corner. Roof done in 2012, all systems are in working order .
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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 |
|---|---|---|---|
| May 29, 2025 | Price Decreased |
$689,900
↓ $10K
(1.4%) | |
| Price Decreased | |||
| May 11, 2025 | Listed | $699,900 | |
| Listed | |||
| | |||
|
Welcome to your dream home on a prime corner lot in the heart of Melbourne Beach! This spacious 4-bedroom, 3-bath home with an oversized 2-car garage has more than just a place to live — it's a gateway to lifestyle, income potential, and multi-generational flexibility.
Key Features:
Bonus Flex Room over the garage with private entry — consider a guest suite, Airbnb potential, or full in-law apartment. Already plumbed for two kitchens and two laundry rooms, making dual-living a breeze.
Living room with fireplace, separate family room and dining room. Storm shutters to keep insurance costs low.
Expansive driveway easily accommodates a boat or RV, and there's plenty of space for a pool.
Zoned for Gemini Elementary, the top-rated school in the area.
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| Jul 12, 2021 | Sold | ||
| Sold | |||
| May 17, 2021 | Listed by One Sotheby's International | $635,000 | |
| Listed by One Sotheby's International | |||
| Jan 2, 1996 | Sold | ||
| Sold | |||
Property Highlights
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About Melbourne Beach
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