2513 Lipscomb Street, Melbourne, FL 32901

Property Details:

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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This listing is courtesy of Elevate Realty LLC. Property Listing Data contained within this site is the property of Brevard MLS and is provided for consumers looking to purchase real estate. Any other use is prohibited. We are not responsible for errors and omissions on this web site. All information contained herein should be deemed reliable but not guaranteed, all representations are approximate, and individual verification is recommended.

• Acreage0.18
• Area999 - Out of Area
• Baths - Full4
• Baths - Half1
• Baths - Total5
• Bedrooms5
• CityMelbourne
• Community FeesNo
• ConstructionStucco
• CoolingOther
• CountyBrevard
• DirectionsTurn right onto Malabar Rd SE/FL-514 toward Malabar, Turn left onto Babcock St NE/FL-507/County Hwy-507, Follow Babcock St NE/FL-507/County Hwy-507, Turn right onto E University Blvd, Turn left onto Lipscomb St
• Equipment/AppliancesNone
• FurnishedUnfurnished
• General County LocationSouth
• HeatOther
• List Price/SqFt$71.92 / sqft
• Listing ID1070455
• Listing StatusActive
• Lot DescriptionOther
• Lot SqFt7,841 sqft
• ParkingOther
• PoolNo
• PossessionClose Of Escrow
• Private PoolNo
• Property TypeResidential
• Residential Sub-TypeSingle Family Residence
• RoomsKitchen, Living Room and Primary Bedroom
• Sold Terms CodeCash,Conventional,VA Loan
• SqFt - Living2,607 sqft
• State/ProvinceFL
• StatusActive
• Status Change DateThursday, February 26th, 2026
• Street NameLipscomb
• Street Number2513
• Street SuffixStreet
• SubdivisionNone
• Tax Year2025
• Taxes$1,319.44
• To Be ConstructedNo
• UtilitiesOther
• WaterfrontNo
• Year Built1930
• Zip Code32901