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2 Beds
2 Baths
1,008 sqft

$385,000

7554 Magnolia Avenue, Cape Canaveral FL, 32920

Price per sqft$381.94
Built in1955
Property size1,008 sqft
Property typeMulti-family

Overview

Active

Listed Aug 20, 2026

Updated 3 weeks ago

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.

$2,561/mo

Est. mortgage payment based on a $385,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
1075650

Interior Features

Bedrooms
2
Bathrooms
2
Cooling
Yes
Basement
No

Exterior Features

Lot Size
0.14 Acres

Other Property Details

Taxes
$3,937
Tax Frequency
Annually
55+/Senior Community
No

Courtesy of Atlantic Group Real Estate, Ashley N Hall,
Listing Contact: 321-255-2550 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Zack Spurlock shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2026 FL - MLS of South Brevard & the Space Coast Association of REALTORS (SPACE). All rights reserved.

 

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