Apartment Acquisitions · Melbourne
Sell Your Commercial Property In Melbourne, FL
We are an active buyer of Melbourne commercial rental properties with five or more units, whether the building is fully leased, half vacant, or overdue for renovation.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Where We Look: Eau Gallie · Downtown Melbourne · Suntree · Indialantic — Brevard County, FL
Market Snapshot
Renter Demand In Melbourne
Melbourne is a Brevard County city of 86,576 residents, per ACS 2020-2024. Renters occupy 40.3% of its homes, far above the 23.3% county share. Median gross rent is $1,525 a month, and 25.9% of homes sit in buildings of five or more units. This profile covers Melbourne renters, HUD FY2027 rents, the 17.6765-mill rate for code 34K0 and Florida landlord law, each linked to its source. It is written for owners who plan to sell commercial property in Melbourne, FL and want the figures buyers check first.
L3Harris corporate headquarters
L3Harris Technologies lists its corporate headquarters at 1025 W. NASA Boulevard, Melbourne, FL 32919.Florida Tech main campus
Florida Institute of Technology counted 4,727 students at its Melbourne campus in its Fall 2024 official count.Airport aerospace cluster
Melbourne Orlando International Airport reports a daily population above 20,000 and tenants including Embraer and Northrop Grumman.Our Buy Box
What We Buy In Melbourne
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
Melbourne Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Melbourne
Renters hold 40.3% of Melbourne homes, or 14,916 households, per ACS 2020-2024 tenure data. Brevard County sits at 23.3%. Buildings with five or more units contain 25.9% of Melbourne housing, per ACS 2020-2024 units-in-structure data.
About 39.0% of Melbourne homes were built before 1980, per ACS 2020-2024 year-built data. The median year built is 1985.
Rents and affordability
Melbourne median gross rent is $1,525 a month, per ACS 2020-2024 rent data. That equals HUD's FY2027 one-bedroom fair market rent exactly. It is $144 below the Florida median.
About 54.2% of Melbourne renters pay 30% or more of income on housing, per ACS 2020-2024 rent-burden data. Owners who sell commercial real estate in Melbourne, FL face buyers who underwrite rent growth carefully.
| Unit size | HUD FY2027 FMR |
|---|---|
| Efficiency | $1,327 |
| One bedroom | $1,525 |
| Two bedroom | $1,779 |
| Three bedroom | $2,382 |
| Four bedroom | $2,707 |
Rents cover the Palm Bay-Melbourne-Titusville, FL MSA, per HUD fair market rent data.
Property taxes in Brevard County
Melbourne millage code 34K0 totals 17.6765 mills for 2025, per the Brevard County 2025 millage table. A $2,000,000 assessed building owes $35,353.00 a year. The City of Melbourne line is 7.3089 mills.
Paying in November earns a 4% discount under s. 197.162, or $1,414.12 on that bill. Before you sell commercial property in Melbourne, FL, note that s. 193.1555 resets assessment to just value the January 1 after a change of ownership.
Landlord rules in Florida
A Melbourne rent demand gives tenants 3 days, excluding weekends and court-observed holidays, under s. 83.56. Curable lease violations get a 7-day notice. Deposits return within 15 days, or a claim notice goes out within 30 days, under s. 83.49.
Rent control is barred: s. 125.0103(2) bars counties and municipalities from adopting rent controls.
What it means for an owner
Melbourne has 10,661 homes in buildings of five or more units, a deep pool of comparable sales. To sell commercial property in Melbourne, FL at full value, show the 2025 tax bill and a clean rent roll. Deed stamps cost $14,000 on $2,000,000 under s. 201.02.
Test your numbers in the cap rate calculator. When you are ready to sell your apartment building in Melbourne, see how Skyline Capital Investments buys 5+ unit buildings.
Local Knowledge
Pricing Your Building In Melbourne
More about selling in Florida →Investing in Melbourne? See apartment syndications in Melbourne →
- Melbourne buildings of 50 or more units hold 1,952 homes, per ACS 2020-2024.
- Selling commercial property in Melbourne means pricing against 6.2% rental vacancy, per ACS 2020-2024.
- Owners who sell commercial real estate in Melbourne, FL pay deed stamps of 70 cents per $100.
Seller Guides
Selling A Building In Melbourne
Learn More
Taxes & Rules For Melbourne Property
The Florida rules that shape any deal in Melbourne: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Melbourne Seller FAQ
What does it cost to sell commercial property in Melbourne, FL?
Florida deed stamps are 70 cents per $100, or $14,000 on a $2,000,000 sale, under Florida Statutes 201.02. The buyer's assessment then resets to just value the next January 1 under section 193.1555, so buyers price in a higher tax bill.
Is demand strong enough to sell commercial real estate in Melbourne, FL?
Renters hold 40.3% of Melbourne homes, against 23.3% across Brevard County, per ACS 2020-2024. Rental vacancy is 6.2%. Florida Tech, L3Harris and the airport aerospace tenants keep a steady base of workers and students renting nearby.
What is the property tax rate on apartments in Melbourne?
The Brevard County 2025 millage table lists 17.6765 mills for Melbourne code 34K0. A $2,000,000 assessed building owes $35,353.00 a year. Paying in November cuts that by 4%, or $1,414.12, under Florida Statutes 197.162. The City of Melbourne levy is 7.3089 mills of that total.
How do HUD fair market rents compare with Melbourne rents?
HUD's FY2027 two-bedroom fair market rent for the Palm Bay-Melbourne-Titusville MSA is $1,779. That is $254 above the Melbourne median gross rent of $1,525, a gap buyers weigh when you sell multifamily property in Melbourne.
Can Melbourne limit how much I raise rents?
No. Florida Statutes 125.0103(2) bars counties and municipalities from adopting rent controls. Melbourne landlords follow Chapter 83, including the 3-day nonpayment notice, the 7-day cure notice and the 15-day deposit return when no claim is made.
What if my Melbourne building has vacancies or deferred maintenance?
That is often where we add the most value. We buy buildings that need renovation, new management, or lease-up, and we account for that in our offer.
Do you work with Melbourne brokers and agents?
We do. Agents can bring us listed or pocket-listing deals in Melbourne, and we keep every conversation confidential.
Can I sell rental property in Melbourne with tenants in place?
Yes. We buy apartment buildings with tenants in place and keep existing leases intact. As a commercial real estate buyer focused on 5+ unit properties, we underwrite the current rent roll as it stands.
How fast can I sell my apartment building in Melbourne?
Most owners get clear feedback within 48 hours of sending the address, unit count, and a rent roll. Closing is typically set around your timeline, including extra time for a 1031 exchange.
Submit A Deal
Get An Offer Review In Melbourne
A few details are enough to start. We respond to every Melbourne submission, including off-market and pocket listings.
