SoldJun 5, 2026

Listed by Laura Auten from Elevate Realty LLC

, 

Bought with Derek Hodge from SPECTRUM PROPERTY GROUP LLC

Source: Stellar MLS #A4684029

2513 Lipscomb Street, Melbourne, FL, 32901

$157,500

5
5
2607 sq. ft.
7841 sq. ft.

SingleFam

•

30+ days on the market

Sold: Jun 5, 2026

What's around 2513 Lipscomb Street

About this property

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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