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$187,500
4 Days On Site

2513 LIPSCOMB STREET
MELBOURNE, FL 32901

For Sale|Single Family Residence|Active
5
Beds
5
Total Baths
4
Full Baths
1
Partial Bath
2,607
SqFt
$72
/SqFt
1930
Built
Subdivision:
TOWN/HOPARKINS
County:
Brevard
Call Now: (561) 935-3331
Is this the listing for you? We can help make it yours.
(561) 935-3331
2513 LIPSCOMB STREET2513 LIPSCOMB STREET2513 LIPSCOMB STREET
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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.

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Listing Snapshot
Price 
$187,500
Days On Site 
4 Days
Bedrooms 
5
Inside Area (SqFt) 
2,607 sqft
Total Baths 
5
Full Baths 
4
Partial Baths 
1
Lot Size 
0.18 Acres
Year Built 
1930
MLS® Number 
A4684029
Status 
Active
Property Tax 
$1,319.44
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Public Records
Friends & Family
Recent Activity
4 days agoListing updated with changes from the MLS®
5 days agoListing first seen on site
General Features
Acres 
0.18
Direction Faces 
West
Foundation 
Other
Levels 
One
Number Of Stories 
1
Property Sub Type 
Single Family Residence
Sewer 
Public Sewer
SqFt Total 
2607
Utilities 
Other
Water Source 
Public
Zoning 
C1
Interior Features
Appliances 
Other
Basement 
Crawl Space
Cooling 
Other
Flooring 
Other
Furnished 
Unfurnished
Heating 
Other
Interior 
Other
Laundry Features 
Other
Kitchen 
Dimensions - 10x8Level - First
Living Room 
Dimensions - 16x14Level - First
Master Bedroom 
Dimensions - 12x14Level - First
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Exterior Features
Construction Details 
Stucco
Exterior 
Other
Roof 
Other
Community Features
Financing Terms Available 
CashConventionalVA Loan
MLS Area 
32901 - Melbourne
Roads 
Dirt
Township 
28
Listing courtesy of ELEVATE REALTY LLC (561) 427-3923



Listing information is provided by Participants of the Stellar MLS. IDX information is provided exclusively for 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 not guaranteed. Properties displayed may be listed or sold by various participants in the MLS Copyright 2026, Stellar MLS.
Last checked: 2026-03-03 11:37 AM EST

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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