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About this home
Income-Producing Sebastian Duplex – Turnkey Investment Opportunity! Well-maintained concrete-block duplex offering two spacious 3-bedroom, 2-bath units of approximately 1,150sf. No HOA. Separate utilities. Major improvements include a new metal roof, fresh exterior paint. Concrete Block Building has PGT impact-resistant windows/ doors, and an updated kitchen in one unit. Built for durability and low-maintenance ownership, this property presents an excellent opportunity for investors seeking steady rental income in a desirable Sebastian market.
Sebastian Highlands, located between U.S. 1 and Interstate 95, is a residential and suburban Sebastian neighborhood with wide, gridded streets and a low-rise, yard-forward feel. The neighborhood’s day-to-day rhythm concentrates around the Roseland Rd & Sebastian Blvd junction, where local plazas, casual eateries, and service storefronts set a practical, lived-in tone. Housing leans toward single-story Florida ranches and newer builds with screened lanais, driveways, and palms framing the sidewalks. The Indian River Lagoon and Riverview Park add breezy waterfront scenery and boat-ramp energy nearby. Capt. Hiram’s Resort, Pareidolia Brewing Company, and the Sebastian River Art Club act as recognizable community touchpoints. A short drive north, Pelican Island National Wildlife Refuge brings mangroves, birdlife, and quiet trails into the weekly routine.
Provided by Walk Score and Local Logic
Offer insights
106 Marsh St · $479,000
$479K and above
75% chance or better to win
Why $479K+ is a strong offer
DAYS ON MARKET
22 days
The average home goes pending in 188 days.
SALE-TO-LIST
80.9%
Most homes are selling 19% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Interior features
Blinds
Smoke detectors
Bedrooms
Two separate three-bedroom units (each unit is 3 bedrooms)
Laundry & utility
In-unit laundry in a laundry closet
Flooring
Tile
Heating & cooling
Central heating
Central air conditioning
Exterior features
Less than quarter acre lot
Residential use
Home design
Single-story building
Metal roof
Block and concrete construction
Multiple zoning
Parking
Assigned carport
One carport space
Total of 4 parking spaces
Security
Smoke detector(s)
Construction
Block and concrete construction
Metal roof
Single-story
Utilities
Public water
Public sewer
Two separate electric meters
HOA & community
Association: Starratt R. Properties, I
Community amenities include basketball court, playground, park, tennis courts, and trails/paths
Financial info
Gross income reported: $40,200
Operating expense reported: $15,329
Insurance expense reported: $4,030
Professional management expense reported: $3,600
Maintenance expense reported: $350
Other
Owner pays: taxes and trash collection
Tenant pays: cable TV, electricity, sewer, and water
Electricity and solar
View estimated energy costs and solar savings for this home
GREAT INVESTMENT! TOTAL OF 4 UNITS AVAILABLE. .. FRESHLY PAINTED INSIDE AND OUTSIDE. ALL TILED FLOORS. LARGE LIVING AREA. 3 BEDROOMS, 2 BATHS EACH SIDE. 2 SEPERATE IDENTICAL DUPLEX BUILDINGS AVAILABLE, EACH WITH 2 UNITS. SEE ALSO MLS# 150359. THIS PROPERTY IS CURRENTLY OPERATING WITH A 9% CAP RATE.
SCMLS #682798
Apr 16, 2014
Listing Removed
—
Nov 14, 2013
Listed
$162,500
$71/sq ft
Beaches MLS #RX-9993969
Apr 16, 2014
Listing Removed
—
Nov 14, 2013
Listed
$162,500
$71/sq ft
RAIRCMLS #141658
Nov 14, 2013
Listed
$162,500
$71/sq ft
Public Records
May 10, 2002
Sold
$85,000
$37/sq ft
Public Records
Jan 28, 1999
Sold
$55,000
$24/sq ft
Public Records
Apr 7, 1997
Sold
$164,500
$72/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$6,949 (+9.8%)
2024
$6,330 (+17.3%)
2023
$5,396 (+11.5%)
2022
$4,839 (+8.8%)
2021
$4,446 (+8.7%)
2020
$4,090 (+8.7%)
2019
$3,761 (−2.7%)
2018
$3,868 (+19.1%)
$17,000 + $178,469
$195,469
2017
$3,248 (+13.9%)
$6,375 + $176,250
$182,625
2016
$2,851 (+41.3%)
$6,380 + $131,440
$137,820
2014
$2,017
$5,530 + $96,010
$101,540
Public record
Public record
Zoning
Permits
Beds
2
Baths
1
Stories
1
Lot width
80 ft.
Lot depth
125 ft.
Lot size
10,019 Sq. Ft.
Year renovated
2003
Finished Sq. Ft.
2,378
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,378
Year built
2003
Style
Other
County
Indian River County
APN
31391900001600000007.0
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 8, 2026.
RM-8
Medium Density Multiple-Family Residential District
The RM-8 District is established to implement comprehensive plan policies for managing primarily duplex and multiple-family developments on land designated for medium density residential development.
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Single unit
Housing-Multiple units
May 12, 2022 • Final
Residential
Install a metal roof on a residential building.
Roofing
May 19, 2015 • Final
Imported
Replace the air conditioning unit.
HVAC
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.15% chance of being in a wildfire in next 30 years
10/10 Heat Factor
7 days above 106° expected this year, 24 days in 30 years
10/10 Wind Factor
99% chance of strong winds in next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Sebastian, FL • 32958
Average low and high temperatures (°F)
70
52
75
57
80
63
82
68
88
74
91
75
93
76
92
76
88
76
84
73
79
63
75
59
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Redfin Estimate for 106 Marsh St
$460,463
$19K under list price of $479K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $345K to $572K.