$650,000
Palm Bay, FL 32905
MLS# 1068168
8 beds | 3 baths
1 / 17
Property Description
Well maintained quadplex in Palm Bay offering solid, steady income with additional upside. The property consists of four two bedroom, one bathroom units, with efficient layouts that have proven consistent rental demand. The units are individually metered and easy to manage, making this an attractive small multifamily asset. A massive car garage (960sqft) or workshop onsite is currently used for storage and provides supplemental income, with flexibility for future use subject to buyer due diligence. Large parking lot provides plent of spaces for tenants. The property has been actively managed and offers opportunities to improve performance over time without requiring immediate capital investment. This is a practical acquisition for buyers seeking a true four unit property with strong fundamentals, predictable operations, and long term value creation potential. Financials available upon request. Showings by appointment only. Do not disturb tenants.
Details
Maps
Location, Tax, and Legal
Tax Account: 2836681
Parcel Number: 28-37-28-01-0000a.0-0006.00
General County Location: South
Elementary School: Riviera
Middle School: Stone
High School: Palm Bay
Tax Annual Amount: 8162.22
Tax Year: 2025
Tax Legal Description: PINEHURST LOT 6 BLK A
Directions: Babcock to W on Dawn Blvd to L on Forest Knoll to R on Tree Ridge. Property on Right.
General Property Information
Number Of Buildings: 1
Number Of Units Total: 4
Stories Total: 2
Bathrooms Half: 0
Living Area: 3480
Living Area Source: Public Records
Lot Size Acres: 0.47
Lot Size Square Feet: 20473
Association YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: 4
Carport YN: No
Waterfront YN: No
Open Parking Spaces: 10
Senior Community YN: No
CDD Fee YN: No
Water Body Access YN: No
Furnished: Unfurnished
Stories: 2
Direction Faces: East
Pool Private YN: No
List Price/SqFt: 186.78
Bedrooms Total: 8
Bathrooms Total: 3
Bathrooms Full: 3
Year Built: 1984
Remarks and Miscellaneous
Public Remarks: Well maintained quadplex in Palm Bay offering solid, steady income with additional upside. The property consists of four two bedroom, one bathroom units, with efficient layouts that have proven consistent rental demand. The units are individually metered and easy to manage, making this an attractive small multifamily asset.
A massive car garage (960sqft) or workshop onsite is currently used for storage and provides supplemental income, with flexibility for future use subject to buyer due diligence. Large parking lot provides plent of spaces for tenants. The property has been actively managed and offers opportunities to improve performance over time without requiring immediate capital investment.
This is a practical acquisition for buyers seeking a true four unit property with strong fundamentals, predictable operations, and long term value creation potential. Financials available upon request. Showings by appointment only. Do not disturb tenants.
Appliances
Dishwasher: 1
Electric Range: 1
Refrigerator: 1
Washer/Dryer Stacked: 1
Closing Company Details
Closing Company Name: Oasis Title
Closing Company Address: 1049 Eber Blvd. Melbourne, FL 32904
Construction Materials
Frame: 1
Cooling
Separate Meters: 1
Current Use
Investment: 1
Multi-Family: 1
DPR Eligible
DPR Eligible: Yes
Exterior Features
Balcony: 1
Flooring
Laminate: 1
Heating
Separate Meters: 1
Laundry Features
In Unit: 1
Levels
Two: 1
Listing Terms
Cash: 1
Conventional: 1
Lot Features
Corner Lot: 1
Other Structures
Workshop: 1
Parking Features
Garage: 1
Off Street: 1
Parking Lot: 1
Unassigned: 1
Possession
Close Of Escrow: 1
Subject To Tenant Rights: 1
Financial Data Source
Property Manager: 1
Income and Expenses
Gross Income: 5340
Income Includes
Storage: 1
Owner Pays
Common Area Maintenance: 1
Exterior Maintenance: 1
Grounds Care: 1
HVAC Maintenance: 1
Insurance: 1
Management: 1
Repairs: 1
Roof Maintenance: 1
Taxes: 1
Road Frontage Type
City Street: 1
Road Surface Type
Asphalt: 1
Roof
Shingle: 1
Sewer
Public Sewer: 1
Special Listing Conditions
Owner Licensed RE: 1
Tenant Pays
Cable TV: 1
Electricity: 1
Pest Control: 1
Telephone: 1
Water: 1
Unit 1 Details
Unit ID: 2612
Actual Rent: 1345
Unit SqFt: 870
Beds Total: 2
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: pet rent-lease ends 5/31/26
Unit 2 Details
Unit ID: 2614
Actual Rent: 675
Unit SqFt: 870
Beds Total: 2
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: does common area lawn care ($600/mo) partial rent
Unit 3 Details
Unit ID: 2622
Actual Rent: 1320
Unit SqFt: 870
Beds Total: 2
Furnished: Unfurnished
Unit Remarks: 1 year lease
Unit 4 Details
Unit ID: 2624
Actual Rent: 1320
Unit SqFt: 870
Beds Total: 2
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: lease end 6/30/26
Utilities
Cable Not Available: 1
Electricity Connected: 1
Separate Electric Meters: 1
Separate Water Meters: 1
Sewer Connected: 1
Water Connected: 1
Water Source
Public: 1
Showing Requirements
24 Hour Notice: 1
Appointment Only: 1
No Sign: 1
Showing Service: 1
Showing Considerations
Occupied: 1
Contract Information
Current Price: $650,000
Original List Price: 650000
List Price: $650,000
Status: Active
Listing Contract Date: 2026-01-31
Property Sub Type: Quadruplex
Location Tax and Legal
Street Number: 2612
Street Name: Tree Ridge
Street Suffix: Lane
Street Direction Suffix: NE
County: Brevard
State: FL
Postal Code: 32905
MLS Area Major: 340 - NE Palm Bay
Subdivision Name: Pinehurst
Status Change Information
Major Change Timestamp: 2026-02-01T05:47:22Z
Major Change Type: New Listing
Status Change Timestamp: 2026-02-01
Property Features
Appliances: Dishwasher; Electric Range; Refrigerator; Washer/Dryer Stacked
Construction Materials: Frame
Cooling: Separate Meters
Current Use: Investment; Multi-Family
Exterior Features: Balcony
Financial Data Source: Property Manager
Flooring: Laminate
Heating: Separate Meters
Income Includes: Storage
Laundry Features: In Unit
Levels: Two
Listing Terms: Cash; Conventional
Lot Features: Corner Lot
Other Structures: Workshop
Owner Pays: Common Area Maintenance; Exterior Maintenance; Grounds Care; HVAC Maintenance; Insurance; Management; Repairs; Roof Maintenance; Taxes
Parking Features: Garage; Off Street; Parking Lot; Unassigned
Possession: Close Of Escrow; Subject To Tenant Rights
Road Frontage Type: City Street
Road Surface Type: Asphalt
Roof: Shingle
Sewer: Public Sewer
Special Listing Conditions: Owner Licensed RE
Tenant Pays: Cable TV; Electricity; Pest Control; Telephone; Water
Utilities: Cable Not Available; Electricity Connected; Separate Electric Meters; Separate Water Meters; Sewer Connected; Water Connected
Water Source: Public
Showing Considerations: Occupied
Showing Requirements: 24 Hour Notice; Appointment Only; No Sign; Showing Service
Listing Office: RE/MAX Solutions
Last Updated: February - 01 - 2026
Information is deemed to be reliable, but is not guaranteed.