$1,319.44 (2025)
Residential
Single Family Residence
N/A
0.18 acres
$72
Other
Other
5 days
1930
TOWN/HOPARKINS
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| 2/25/2026 | Listed | $187,500 | MLS | |
| 2/26/2026 | Back on Market | $187,500 | +$0(+0.0%) | MLS |
Prime Investment Opportunity in Melbourne! This unique property offers strong upside for investors and builders alike. The rear home (2513) is already cash flowing, featuring 2 bedrooms and 2 bathrooms with an in-place tenant paying $1,475/month, providing immediate income. The front home (2511) offers significant value-add potential and is being sold primarily for land value, with options to renovate using existing plans for a 3/2 layout or redevelop the site. Full permits and plans have been submitted to the city for improvements to the rear property. Whether you choose to hold for income, renovate, or explore future redevelopment, this property presents a rare opportunity just under one mile from the ocean in a highly desirable area. A versatile investment with both current returns and long-term potential.
This 5 bedroom, 5 bathroom property located at 2513 LIPSCOMB STREET in MELBOURNE, FL 32901 is currently available. The home features 2,607 square feet of living space and was built in 1930.
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The current list price for 2513 LIPSCOMB STREET is $187,500.
2513 LIPSCOMB STREET has 5 bedrooms and 5 bathrooms, with 2,607 square feet of living space.
The property address is 2513 LIPSCOMB STREET, MELBOURNE, FL 32901.
2513 LIPSCOMB STREET was built in 1930.
The MLS listing ID for 2513 LIPSCOMB STREET is A4684029.
$185,000
