$ 308,000 $ 380,000 18.9%

116 LINCOLN AVE #116-118

Cape Canaveral, FL 32920

  • 4 Beds
  • 2 Baths
  • 1,350 SqFt
  • 6,098 Lot Size
  • 1957 Year Built
Investor Special – High-Upside Duplex in Coastal Cape Canaveral! Just a short stroll to the sandy shoreline, popular beach bars, and local dining hotspots, this versatile duplex is perfectly positioned in one of the Space Coast's most sought-after areas. With zoning that allows short-term rentals (AirBnB), the opportunity here is immense—flip it for a strong resale or renovate and rent for powerful cash flow in a high-demand vacation and cruise port destination.

Each unit is separately metered and connected to natural gas, with a generous layout and the added bonus of a fully enclosed glass sunroom—separate from the main living area—and a covered back patio, both offering great potential for added value as guest space, storage, or outdoor entertainment areas. The property will need a complete remodel including roof, electrical, plumbing, and interior updates, making it the ideal project for seasoned investors or visionary builders.

Whether you choose to keep it as two income-producing units or convert it into a single-family home, this is a rare chance to add significant value in an unbeatable location. In-house financing options are available for fix-and-flip or fix-and-rent strategies, giving buyers added flexibility and fast access to returns.

This is more than a property—it's a canvas for your next profitable project in Florida's thriving coastal market. Want to live in one unit and rent out the other? Ask us about the FHA renovation loan.
Listed by FLORIDA HOMES & LOANS INC. , Sold By FLORIDA HOMES & LOANS INC.

PROPERTY DETAIL

  • Key Details

    Sold Price $308,00018.9%

    Property Type Multi-Family

    Sub Type Duplex

    Listing Status Sold

    Purchase Type For Sale

    Square Footage 1, 350 sqft

    Price per Sqft $228

    Subdivision Avon By Sea

    MLS Listing ID O6304530

    Sold Date 08/01/25

    Bedrooms 4

    Construction Status Fixer

    HOA Y/N No

    Year Built 1957

    Annual Tax Amount $4,507

    Lot Size 6,098 Sqft

    Acres 0.14

    Lot Dimensions 50x125

    Property Sub-Type Duplex

    Source Stellar MLS

  • Location

    State FL

    County Brevard

    Community Avon By Sea

    Area 32920 - Cape Canaveral/Port Canaveral

    Zoning C1

  • Building

    Lot Description Corner Lot, Oversized Lot

    Entry Level One

    Foundation Slab

    Lot Size Range 0 to less than 1/4

    Sewer Private Sewer

    Water Public

    Structure Type Block

    New Construction false

    Construction Status Fixer

  • Interior

    Interior Features Ceiling Fans(s)

    Heating Central

    Cooling Central Air

    Flooring Concrete, Laminate, Terrazzo

    Furnishings Unfurnished

    Fireplace false

    Appliance Gas Water Heater

    Laundry Washer Hookup

  • Exterior

    Exterior Feature Fence

    Parking Features Common, Driveway, Guest, Oversized, Parking Pad

    Community Features Street Lights

    Utilities Available Electricity Connected, Natural Gas Connected, Public, Sewer Connected, Water Connected

    Water Access 1

    Water Access Desc Beach

    Roof Type Membrane

    Porch Rear Porch

    Garage false

    Private Pool No

  • Others

    Pets Allowed Yes

    Senior Community No

    Ownership Fee Simple

    Acceptable Financing Cash, FHA, Other, Special Funding

    Listing Terms Cash, FHA, Other, Special Funding

    Special Listing Condition None

CONTACT

Gemma Peterson
Gemma Peterson
Email: info@floridahomesandloans.com Tel: +1(407) 242-7758

License ID: NMLS: 2295908 MLO:2121526

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