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2513 LIPSCOMB ST Melbourne, FL 32901
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Key Details
Sold Price $157,500
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 2,607 sqft
Price per Sqft $60
Subdivision Town/Hoparkins
MLS Listing ID A4684029
Sold Date 06/05/26
Bedrooms 5
Full Baths 4
Half Baths 1
HOA Y/N No
Year Built 1930
Annual Tax Amount $1,319
Lot Size 7,840 Sqft
Acres 0.18
Lot Dimensions 47.25x125
Property Sub-Type Single Family Residence
Source Stellar MLS
Property Description
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.
Location
State FL
County Brevard
Community Town/Hoparkins
Area 32901 - Melbourne
Zoning C1
Interior
Interior Features Other
Heating Other
Cooling Other
Flooring Other
Furnishings Unfurnished
Fireplace false
Appliance Other
Laundry Other
Exterior
Exterior Feature Other
Utilities Available Other
Roof Type Other
Garage false
Private Pool No
Building
Story 1
Entry Level One
Foundation Crawlspace, Other
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Stucco
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, VA Loan
Listing Terms Cash, Conventional, VA Loan
Special Listing Condition None
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© 2026 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Bought with Derek Hodge SPECTRUM PROPERTY GROUP LLC
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