Indian River County Investment Properties & Multifamily for Sale

The best Indian River County investment decision starts before you buy.

Live BeachesMLS listings matching this search in Indian River County, Florida, updated throughout the day.

Multifamily property is a small corner of the Indian River County market: duplexes, triplexes and a few small apartment buildings, much of it mid-century and in and around Vero Beach. Annual tenants include staff at Cleveland Clinic Indian River Hospital and Piper Aircraft, school employees and service workers, and winter visitors add demand for furnished units in season. Older buildings deserve a close inspection of the roof, the electrical panel, the plumbing and any unprotected windows, since each drives the insurance quote. Confirm whether the property is inside the City of Vero Beach, the City of Sebastian or unincorporated Indian River County, because that sets the zoning and any short-stay rules. Ask for the rent roll, the leases and a year of expenses, and test the rents against live listings on the county's rental pages.

3 listings, newest first.

The 3 listings on this page run from $479,000 to $1,500,000, with a median of $674,500, about $448 per square foot, and they have been listed a median of 201 days.

Ask About These Indian River County Investment & Multifamily Properties

Tell us which of these homes you want to see, or what you are looking for that is not here, and a Indian River County agent replies with the homes that fit, the questions to ask about each and a time to see them. Call or text (786) 914-1017 or send the form on this page.

What Investors Buy in Indian River County

Investors in Indian River County usually choose between annual and seasonal tenants before choosing a property. For annual leases, they buy newer concrete-block houses in Vero Lake Estates, Sebastian Highlands and the western communities, which rent to local families and to staff at the hospital and Piper Aircraft, along with older homes in Vero Beach Highlands and Oslo Park. For seasonal income, they buy furnished condos and houses on the island and in fifty-five-plus communities where the rules allow it, and some own condo-hotel units on Ocean Drive that the hotel rents out. A handful of older duplexes and small multifamily buildings complete the picture. Across Indian River County, association leasing rules shape a return as much as the purchase price does.

Reading the Numbers in Indian River County

The numbers on an Indian River County investment start with the costs an asking price hides. Taxes are reassessed at the purchase price after the sale, and without a homestead exemption the yearly cap on assessment increases is much looser. Wind and flood insurance can swing a return widely, above all on older houses, on the island and near the lagoon. Add association fees, any club dues and pending assessments, and for a seasonal rental, the empty summer months, furnishing, turnover and the tourist development tax on stays of six months or less. A Sebastian or Vero Lake Estates house on a well and septic carries its own upkeep. Check any projected rent against live leases in the county, and underwrite on signed leases rather than hopes.

Before You Buy: The Guides

The Numbers on These Listings

Straight from the MLS, updated through the day. Income and capitalization rates are what the listing agent published, not audited figures: treat them as the start of underwriting, and ask for certified operating statements before you offer.

Property	Price	Units	Per unit	Income	Cap rate	Taxes	HOA	Days on market
106 MARSH Street A+B	$479,000	2	$239,500	$38,800 net	8.1%	$6,949	—	29 days
919 Turtle Cove Lane	$1,500,000	2	$750,000	—	—	$16,145	—	201 days
1135 17th Place (reduced from $699,999)	$674,500	4	$168,625	—	—	$5,037	—	208 days

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BreakThru Realty sends new income property matching this search as it comes on the market, and will underwrite any listing with you: the rents in place, the taxes as they reset on sale, insurance quoted today, and what comparable buildings actually traded for.

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Selling in Indian River County?

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Every home, condo and townhome for sale in Indian River County, straight from the MLS and updated through the day. Find my Indian River County home.

Investing in Indian River County?

Multifamily, rental and value add property in Indian River County, with the taxes, association fees and price history on every listing. Evaluate Indian River County investments.