04/14/2026
🔴 OFF MARKET! 9 Unit Multifamily Opportunity | Cocoa Beach FL | $2.3M
This 9-unit waterfront multifamily opportunity offers a compelling combination of waterfront living, strong rental demand, and long-term upside. Situated on approximately 2 acres with ±7,940 SF, the property features a serene setting with lush landscaping and scenic views along the St. Johns River, making it highly appealing for both long-term tenants and lifestyle-oriented residents.
Property Highlights:
- 9-unit multifamily complex
- Waterfront location with direct river access
- Approximately 7,940 SF on a 2-acre site
- Zoned RU-2-10 (Medium-Density Residential)
- Allows for multifamily, duplex, or single-family configurations
- Location & Market Overview
🚀 🛳️ Located along Florida’s Space Coast, Cocoa Beach continues to see strong demand driven by tourism, population growth, and proximity to major employment centers. The property is conveniently positioned near Kennedy Space Center and Port Canaveral, both of which serve as major economic drivers for the region.
The area offers a unique blend of coastal lifestyle and economic stability, with access to beaches, boating, fishing, and a growing aerospace and defense employment base.
Investment Highlights:
- Prime Waterfront Location
- Direct access to the St. Johns River enhances tenant appeal and supports rental premiums, with waterfront assets historically maintaining strong demand and long-term value.
Growing Market Fundamentals:
Cocoa Beach continues to benefit from population growth and a steady influx of tourism. Demand from retirees, professionals, and long-term residents supports consistent occupancy.
Zoning Flexibility:
RU-2-10 zoning allows for multiple residential configurations, offering future optionality for redevelopment or repositioning to maximize returns.
Strong Rental Demand:
The local rental market is supported by a mix of tourism, aerospace employment, and lifestyle-driven tenants, providing stable income potential.
Long-Term Appreciation Potential:
Limited waterfront inventory combined with continued regional growth positions this asset for sustained appreciation over time.
Overall, this offering presents a rare opportunity to acquire a waterfront multifamily asset in a high-growth coastal market, with both stable in-place income and meaningful upside potential.
📩 Message for full financials and offering details.
