For sale Home

Listed Aug 13, 2026

$179,900 Est. $1,190/mo

180 Lee Road

  • 2

    Beds

  • 1

    Baths

  • 1,226

    Sq ft

The story

Solid investment opportunity in high-demand W. Melbourne, offering stable rental potential, strong long-term appreciation, & minimal turnover risk. Situated minutes from major employers, shopping, & transportation routes, this property aligns perfectly w/investor priorities: location, functionality, & consistent tenant appeal. The home features a practical, easy-to-maintain layout, making it ideal for long-term renters. Durable finishes, efficient systems, and a straightforward floor plan help reduce ongoing maintenance costs. The large fenced yard adds value for tenants seeking outdoor space boosting retention & supporting competitive rental rates. W/ a covered carport, extended driveway, & no HOA restrictions, the property offers flexibility for tenants & future improvements. The neighborhood's strong rental demand and proximity to I-95, US-192, L3Harris, Northrop Grumman, and the Melbourne business district make this an attractive option for investors seeking reliable occupancy!

Facts & features

Home type

Home

Year built

1959

Floors

1

Price per sq ft

$147

Parking

1-car garage

Included features

  • Cooling

    Central Air, Electric

  • Heating

    Central, Electric

  • Flooring

    Tile

  • Roof

    Shingle

  • Lot Information

    Few Trees

  • Water Source

    Public

  • Sewer

    Private Sewer

Mortgage calculator

Estimated monthly payment

$1,190 /mo

7% rate · 30-yr fixed · 20% down

  • Principal & interest $958
  • Property tax $180
  • Insurance $52

Includes principal, interest, taxes & insurance.

Your Property Journey

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Listing Broker

Waterman Real Estate, Inc.

Broker Name

Waterman Real Estate, Inc.

Agent

Shirley Weems