$92,000
Palm Bay, FL 32909
MLS# 1077606
1 / 1
Property Description
Rare .43-acre multifamily lot opportunity in a rapidly growing area of Palm Bay. Cleared and shovel ready with septic permit already in place. Zoned multifamily with potential for up to 4 units (buyer to verify with city). Previously positioned for a duplex build, with plans available for a 3 bedroom / 2 bathroom per side layout designed for strong rental demand and modern living. Ideal for investors, builders, or owner-occupants looking to create long-term rental income, house hack, or develop a custom multifamily project. Conveniently located near new development, shopping, and major roadways in one of Palm Bay's fastest-growing areas. Flexible purchase options available. Seller may consider inclusion of plans and permits with acceptable terms.
Details
Maps
Location, Tax, and Legal
Tax Account: 2943909
Parcel Number: 29-37-28-Kq-02031.0-0030.00
General County Location: South
Elementary School: Sunrise
Middle School: Southwest
High School: Bayside
Tax Annual Amount: 1107.63
Tax Year: 2025
Tax Legal Description: PORT MALABAR UNIT 46 LOT 30 BLK 2031
Directions: Off of Babcock, turn west on Balano st, follow around curve, lot on right
General Property Information
Lot Size Acres: 0.43
Lot Size Square Feet: 18731
Association YN: No
CDD Fee YN: No
List Price/Acre: 213953.49
Remarks and Miscellaneous
Public Remarks: Rare .43-acre multifamily lot opportunity in a rapidly growing area of Palm Bay. Cleared and shovel ready with septic permit already in place. Zoned multifamily with potential for up to 4 units (buyer to verify with city).
Previously positioned for a duplex build, with plans available for a 3 bedroom / 2 bathroom per side layout designed for strong rental demand and modern living.
Ideal for investors, builders, or owner-occupants looking to create long-term rental income, house hack, or develop a custom multifamily project.
Conveniently located near new development, shopping, and major roadways in one of Palm Bay's fastest-growing areas. Flexible purchase options available. Seller may consider inclusion of plans and permits with acceptable terms.
Current Use
Multi-Family: 1
Residential: 1
Listing Terms
Cash: 1
Conventional: 1
FHA: 1
Private Financing Available: 1
VA Loan: 1
Lot Features
Cleared: 1
Possession
Close Of Escrow: 1
Road Frontage Type
City Street: 1
Sewer
Septic Tank: 1
Special Listing Conditions
Standard: 1
Utilities
Electricity Available: 1
Water Available: 1
Water Source
Other: 1
Showing Requirements
Showing Service: 1
Contract Information
Current Price: $92,000
Original List Price: 92000
List Price: $92,000
Status: Active
Listing Contract Date: 2026-05-15
Property Sub Type: Unimproved Land
Location Tax and Legal
Street Number: 2510
Street Name: Hester
Street Suffix: Avenue
Street Direction Suffix: SE
County: Brevard
State: FL
Postal Code: 32909
MLS Area Major: 343 - SE Palm Bay
Subdivision Name: Port Malabar Unit 46
Status Change Information
Major Change Timestamp: 2026-05-18T14:54:32Z
Major Change Type: New Listing
Status Change Timestamp: 2026-05-18
Property Features
Current Use: Multi-Family; Residential
Listing Terms: Cash; Conventional; FHA; Private Financing Available; VA Loan
Lot Features: Cleared
Possession: Close Of Escrow
Road Frontage Type: City Street
Sewer: Septic Tank
Showing Requirements: Showing Service
Special Listing Conditions: Standard
Utilities: Electricity Available; Water Available
Water Source: Other
Listing Office: LPT Realty LLC
Last Updated: May - 18 - 2026
Information is deemed to be reliable, but is not guaranteed.