7554 Magnolia Avenue
Cape Canaveral, FL, 32920
$385,000
29 photos— tap any to expand
About this home
Beachside duplex opportunity in Cape Canaveral just minutes from the ocean. This property features two 1 bed / 1 bath units and is ideal for investors, house hackers, or buyers wanting to live beachside while offsetting ownership costs by renting the second unit. Generated $36,000 in 2025 through long-term and mid-term rentals. There is additional upside potential through short term rental optimization. With many nearby 1 bed / 1 bath condos selling near this price point per unit plus HOA fees, this property offers a rare opportunity to own a duplex with no HOA and a private yard. Potential for future short-term rental use with improvements needed for rear bedroom egress compliance. Buyer to verify zoning, licensing, and feasibility for intended use. Roof 2023, AC units under 3 years old, LVP flooring in both units, privacy fenced back patios for added living/storage, and unit 2 kitchen updated.
The details
- Type
- MultiFamily
- Year built
- 1955
- Living area
- 1,008 sqft
- Lot size
- 0.14 acres
- Subdivision
- Avon By The Sea
- County
- Brevard
- Schools
- Cape View · Cocoa Beach · Cocoa Beach
- MLS #
- 1075650
Listing courtesy of Ashley N Hall, Atlantic Group Real Estate.
Listing information provided by the Space Coast Association of REALTORS® IDX program (source: Space Coast MLS (Space Coast Association of REALTORS®)). IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS. Last updated Aug 20, 2026, 8:54 PM.
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Listing information provided by the Space Coast Association of REALTORS® IDX program. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS.