16 South St

Rockledge, FL 32955

$1,950,000
Price
—
Beds
—
Baths
8,200 Sq. Ft.
$238 / Sq. Ft.
8,200
Sq. Ft.
$238
per Sq. Ft.
Aerial
02-LOT LINE
03-SOUTH22
04-SOUTH76
05-SOUTH73
06-SOUTH43
07-SOUTH46
08-SOUTH25
09-SOUTH70
10-SOUTH28
11-SOUTH31
12-SOUTH37_8_9
13-SOUTH34_5_6
14-SOUTH40_1_2
15-SOUTH52_3_4
16-SOUTH61_2_3
17-SOUTH49_50_51
18-SOUTH55_6_7
19-SOUTH67_8_9
20-SOUTH64_5_6
21-SOUTH58_59_60
22-SOUTH16
23-SOUTH19
25-SOUTH4
27-SOUTH10
29-MAP POINT
30-COCOA VILLAGE
33-map points

Description

Prime Multifamily Investment Opportunity in Rockledge - Just a Short Walk to Cocoa Village! This fully occupied, income-generating property offers an excellent investment opportunity with two buildings on one lot, totaling 20 units. Located in the highly desirable Rockledge area, just a short walk to the vibrant Cocoa Village, this property is highly sought after by tenants and investors alike. The complex consists of a 16-unit building and a 4-unit building, with a mix of unit types: 8 studio apartments,...Prime Multifamily Investment Opportunity in Rockledge - Just a Short Walk to Cocoa Village! This fully occupied, income-generating property offers an excellent investment opportunity with two buildings on one lot, totaling 20 units. Located in the highly desirable Rockledge area, just a short walk to the vibrant Cocoa Village, this property is highly sought after by tenants and investors alike. The complex consists of a 16-unit building and a 4-unit building, with a mix of unit types: 8 studio apartments, 10 1-bedroom/1-bath units, and 2 spacious 2-bedroom/1-bath units. These well-maintained units cater to a variety of tenants, ensuring consistent demand and reliable income. The property also boasts ample parking, on-site coin laundry, a storage shed, and welcoming common areas with balconies and seating. Completely refurbished in 2008 and with a new roof installed on both buildings in 2023, this property has been meticulously cared for.
  1. Listed by Brandon Phillips • Blue Marlin Real Estate

Property Details for 16 South Street

Directions
From US1/Rosa L. Jones Dr, head east on Rosa L. Jones, make a slight right on to Oak St, turn south on South St. and arrive at property on the left.
Subdivision/Condo Name
Derbys Addn To Cocoa
LISTING UPDATED: 11/13/2025 08:45 AM

Property Details for 16 South Street

StatusActive
MLS #1039226
Days on Market305
Taxes$16,138 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1925
Lot Size0.36 AC / 15,681 SF
CountyBrevard County

Location

Listing Courtesy of Blue Marlin Real Estate, Brandon Phillips
Add your commute

Building Information for 16 South Street

Stories-Residences20Year Built1925Building Size-Lot Size0.36 AC / 15,681 SF

Payment Calculator

$10,849 per month

30 year fixed, 6.15% Interest

Principal and Interest

$9,504

Property Taxes

$1,345

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 16 South Street

Summary
Location and General Information
  • City: Rockledge
  • State/Province: FL
  • County: Brevard
  • Geo Lat: 28.34926
  • Geo Lon: -80.724678
  • Absolute Longitude: 80.724678
  • Schools: Elementary School: Tropical
  • Schools: Middle School: McNair
  • Schools: High School: Rockledge
  • General County Loc: Central
  • County Sub/Condo Name: Derbys Addn To Cocoa
Taxes and HOA Information
  • Taxes: $16,138.10
  • Tax Year: 2024
  • Tax Acct: 2426419
  • Tax ID: 24-36-33-81-00000.0-0063.00
Property
Lot Information
  • SqFt - Living: 8200.0
  • SqFt - Total: 8600.0
  • Lot SqFt: 15682.0
  • Year Built: 1925
  • Picture Count: 28
  • Document Count: 1
  • Acreage: 0.36
  • Road Surface: Paved
  • Current Adjacent Use: Multi-Family
Property and Assessments
  • Construction: Frame
  • Docs on File: 1
  • Property Type: B
  • Legal/Misc: 55+ Community: No
  • MLS Approved: Y
  • Type of Service: Full Service
  • Prop Type: B
  • Sub Type: Multi Family
  • To Be Constructed: No
Utilities
  • Utilities: Sewer or Septic: Public Sewer
  • Utilities: Water Type: Public
  • Utilities: Electricity Connected, Separate Electric Meters, Sewer Connected, Water Connected
Interior and Exterior Features
Exterior Features
  • Roof: Shingle
  • Total Floors in Bldg: 2
  • # of Units: 20
  • Buildings: 2
Interior Features
  • Cooling: Individual, Split System, Wall/Window Unit(s)
  • Heat: Varies by Unit
Multi Family
Income & Expenses
  • Income & Expenses: Annual Gross Income: $189,600.00
  • Income & Expenses: Annual Net Income: $144,670.00
Multi-Family Information
  • Unit 1 Details: Actual Rent: 1000.0
  • Unit 1 Details: Beds Total: 4.0
  • Unit 1 Details: Furnished: Unfurnished
  • Unit 1 Details: Unit ID: 1-2
  • Unit 1 Details: Unit Remarks: Bldg 16 2 bedroom x 2 units
  • Unit 1 Details: Unit SqFt: 0.0
  • Unit 2 Details: Actual Rent: 900.0
  • Unit 2 Details: Beds Total: 2.0
  • Unit 2 Details: Furnished: Unfurnished
  • Unit 2 Details: Unit ID: 2-4
  • Unit 2 Details: Unit Remarks: Bldg 16 1 bedroom x 2 units
  • Unit 2 Details: Unit SqFt: 0.0
  • Unit 3 Details: Actual Rent: 800.0
  • Unit 3 Details: Beds Total: 8.0
  • Unit 3 Details: Furnished: Unfurnished
  • Unit 3 Details: Unit ID: 1-8
  • Unit 3 Details: Unit Remarks: Bldg 22 8 1 bedroom units
  • Unit 3 Details: Unit SqFt: 0.0
  • Unit 4 Details: Actual Rent: 700.0
  • Unit 4 Details: Beds Total: 8.0
  • Unit 4 Details: Furnished: Unfurnished
  • Unit 4 Details: Unit ID: 9-16
  • Unit 4 Details: Unit Remarks: Bldg 22 8 studio units
  • Unit 4 Details: Unit SqFt: 0.0
  • Unit 5 Details: Actual Rent: 0.0
  • Unit 5 Details: Beds Total: 0.0
  • Unit 5 Details: Furnished: Unfurnished
  • Unit 5 Details: Unit ID: 0
  • Unit 5 Details: Unit Remarks: 0
  • Unit 5 Details: Unit SqFt: 0.0
  • Unit 6 Details: Actual Rent: 0.0
  • Unit 6 Details: Beds Total: 0.0
  • Unit 6 Details: Furnished: Unfurnished
  • Unit 6 Details: Unit ID: 0
  • Unit 6 Details: Unit Remarks: 0
  • Unit 6 Details: Unit SqFt: 0.0
  • Unit 7 Details: Actual Rent: 0.0
  • Unit 7 Details: Beds Total: 0.0
  • Unit 7 Details: Furnished: Unfurnished
  • Unit 7 Details: Unit ID: 0
  • Unit 7 Details: Unit Remarks: 0
  • Unit 7 Details: Unit SqFt: 0.0
  • Unit 8 Details: Actual Rent: 0.0
  • Unit 8 Details: Beds Total: 0.0
  • Unit 8 Details: Furnished: Unfurnished
  • Unit 8 Details: Unit ID: 0
  • Unit 8 Details: Unit Remarks: 0
  • Unit 8 Details: Unit SqFt: 0.0
  • Selling Terms Code: Cash, Conventional, Other, Owner May Carry, Private Financing Available
Agent
Agent Information
  • Closing Co. Name: Dockside Title Merritt Island
  • Closing Co. Address: 380 S Courtenay Pkwy, Merritt Island, FL 32952
Sale and Listing
  • Cumulative DOM: 229
  • Days On Market: 229
  • Possession: Close Of Escrow
Showing and Remarks
  • Showing: Call Listing Agent, Listing Agent Must Accompany, No Sign

Property History for 16 South Street

DateEvent & SourcePriceAppreciation
Oct 16, 2025

Price Change

SCMLS #1039226

$1,950,000—
May 3, 2025

Listed (Active)

SCMLS #1039226

—
Apr 10, 2025

Pending

SCMLS #1039226

—
Mar 6, 2025

Listed (Active)

SCMLS #1039226

$2,000,000—
Mar 5, 2013

Expired

SCMLS #649289

—
Sep 7, 2012

Listed (Active)

SCMLS #649289

$85,000—
DateEvent & SourcePrice
10/16/2025

Price Change

SCMLS #1039226

$1,950,000
05/03/2025

Listed (Active)

SCMLS #1039226

—
04/10/2025

Pending

SCMLS #1039226

—
03/06/2025

Listed (Active)

SCMLS #1039226

$2,000,000
03/05/2013

Expired

SCMLS #649289

—
09/07/2012

Listed (Active)

SCMLS #649289

$85,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 16 South Street

Taxable ValueLand-Additions-Total-
Tax Record2020$9,851 ($821 / month)
Home Facts
Total Finished SqFt8,200 SqFtAbove Grade Finished SqFt8,200 SqFtStories2Lot Size7,841 SqFtStyleMulti-Family Res (5+ Units)Year Built1925Year Renovated1985ZoningR2 5/1CountyBREVARDAPN24 363381000000006300

Schools near 16 South Street

This home is within Brevard Public Schools.
Rating
School
Type
Grades
Distance
Tropical Elementary School
Public - PK to 6
Ronald Mcnair Magnet Middle School
Public - 7 to 8
Rockledge Senior High School
Public - 9 to 12
Emma Jewel Charter Academy
Charter - K to 8
Rating
School
Distance
Tropical Elementary School
PublicPK to 6

Ronald Mcnair Magnet Middle School
Public7 to 8

Rockledge Senior High School
Public9 to 12

Emma Jewel Charter Academy
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 16 South Street, Rockledge, FL 32955

16 South Street is a multi-family home for sale in Rockledge, FL 32955. This property was listed for sale on March 6, 2025 by Blue Marlin Real Estate, it's currently listed at $1,950,000. This listing's school district is Brevard Public Schools. Nearby schools include Tropical Elementary School, Ronald Mcnair Magnet Middle School and Rockledge Senior High School. 16 South Street is a 0-bed, 0-bath, 8,200 sqft multi-family home built in 1925.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Blue Marlin Real Estate, Brandon Phillips

The information being provided by MFRMLS and Daytona Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of MFRMLS or Daytona Multiple Listing Service. Real estate listings held by brokerage firms other than this site owner are marked with the IDX/MLS logo. Information deemed reliable but is not guaranteed accurate by MFRMLS or Daytona Multiple Listing Service. Last updated: 11/13/2025 08:45 AM